Laurence Fink, chief executive officer of Blackrock Inc., the world’s largest money manager with more than $4 trillion in assets, recently issued a warning to U.S. companies: Stop focusing on short-term returns at the expense of longer-term investments.“It concerns us that, in the wake of the financial crisis, many companies have shied away from investing in the future growth of […]
The price of Google shares is going to be cut in half on Thursday.That is not because the company is worth less than it was. It is because an unusual stock split will take effect.Owners of Google Class A shares — ticker symbol GOOG through Wednesday — will get an equal number of new Class C shares. Those Class C […]
Markets snapped two days of losses and ended higher on Friday boosted by encouraging consumer spending data. However, benchmarks lost some of their initial gains as the bio-tech stocks adversely impacted markets in late afternoon. Microsoft’s strong gains following its announcement of launching Microsoft Office on iPads propelled the Dow to end in the green.For a look at the issues […]
Benchmarks ended lower on Thursday as investors feared sooner-than-expected rate hikes. Incidentally, the concerns emerged after the day’s mixed economic reports on fourth quarter GDP and weekly unemployment benefits. Declines in financial and technology stocks also dragged the markets lower. Eventually, the S&P 500 fell below the key technical level of 1,850 and the Nasdaq dropped to its lowest […]
This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at [email protected] or call 800-767-3771 ext. 9339.Markets ended higher on Tuesday after better-than-expected consumer confidence data boosted investor sentiment. Bio-tech stocks also helped to end the two-day losing streak. The positives offset any negative […]
Benchmarks rallied on Thursday after encouraging economic numbers boosted investors sentiment. The rise in Philadelphia Fed’s manufacturing index and an increase in Conference Board’s leading economic index was welcomed by investors. Positive economic data overshadowed Wednesday’s negative sentiment arising from Federal Reserve’s indication of a possible hike in key lending rates sooner than expected. At the same time, investors were […]
Benchmarks ended mostly lower on Wednesday after the Federal Reserve indicated it might increase key lending rates sooner than expected. The central bank also said the economic stimulus program may end this fall and the rates will then be raised six months later. These statements from Federal Reserve Chairwoman Janet Yellen dragged benchmarks to their first drop in three trading […]
Investors’ anxiety ahead of the referendum vote during the weekend in Crimea compelled benchmarks to end in the red on Friday. The tension between Russia and Ukraine along with concerns over a possible slowdown in China impacted the markets through this week. The S&P 500 fell below the key technical level of 1,850 for the second day in a row […]
Benchmarks finished Wednesday’s trading session nearly flat as investors received discouraging economic reports. Modest expansion in economic conditions, greater-than-expected fall in ISM Services Index and dismal private sector hiring were overlooked as an outcome of the bitter winter season. Investors also remained focused on the recent developments in Ukraine.For a look at the issues currently facing the markets, make sure […]
Escalating political tension between Ukraine and Russia over the Crimean region dragged the benchmarks down to their worst selloffs in about a month. Concerns that the movement of Russian troops in the Crimean region of Ukraine may lead to larger conflict saw investors moving to the safe havens. Encouraging reports on ISM Manufacturing Index, construction spending and personal income failed […]
