HONG KONG (AP) — Most Asian stock indexes rose Friday, with China’s benchmark at its highest in seven years, after Wall Street eked out another record close.KEEPING SCORE: Japan’s Nikkei 225 index edged 0.1 percent lower to 20,172.15 and South Korea’s Kospi rose 0.5 percent to 2,134.11. Hong Kong’s Hang Seng advanced 1.2 percent to 27,863.25. The Shanghai Composite Index […]
NEW YORK (AP) — U.S. stocks are drifting mostly lower in midday trading as the market comes off its latest record high.Energy stocks fell the most early Tuesday as the price of oil dropped.The Standard & Poor’s 500 was unchanged at 2,129 as of 11:45 a.m. Eastern time Tuesday.The Nasdaq composite fell seven points, or 0.1 percent, to 5,070. The […]
Are stocks disconnected from reality? Probably, according to Tobin’s Q, a rather elegant way to assess equity valuations developed by the late Nobel Prize-winning Yale economist James Tobin. Put simply, Tobin’s Q compares the total value of stock prices with the value of underlying assets such as plants, inventory, and equipment (i.e. replacement costs). Add up the value of the […]
Markets added modest gains on Friday amid discouraging economic data. A flurry of weaker-than-expected economic reports increased expectations that the Fed will refrain from raising interest rates in the near term, which eventually helped the S&P 500 and the Dow end marginally higher. The day’s minute gains were enough for the S&P 500 to close at a record level for […]
U.S. stock indexes spent Friday mostly drifting between tiny gains and losses, but the small moves were enough to nudge the Standard & Poor’s 500 index to its second record high in two days.The Dow Jones industrial average also notched a gain for the second day in a row. The Nasdaq bucked the trend, closing slightly lower.Utilities stocks were among […]
Benchmarks gained over 1% yesterday on weaker dollar and drop in bond yields. Thursday’s gains were broad based with the S&P 500 closing at an all-time record high and 9 out of 10 sectors of the index ending in positive territory. Economic data was mixed, giving no clear indication to investors on the timing of first rate hike.For a look […]
U.S. stocks rebounded Thursday, snapping a three-day losing streak for the Dow Jones industrial average and the Standard & Poor’s 500 index.Encouraging data on the U.S. job market and inflation helped lift the market, pushing the S&P 500 to a record high. The Dow came within 36 points of its own record. The indexes are up for the month and […]
NEW YORK (AP) — Stocks are barely moving in midday trading as the market comes off two days of losses.The Dow Jones industrial average edged up six points to 18,076 as of 11:45 a.m. Eastern time Wednesday.The Standard & Poor’s 500 index was up two points, or 0.1 percent, to 2,101. The Nasdaq composite increased 11 points, or 0.2 percent, […]
Kai Pfaffenbach/ReutersAll of a sudden, things in the stock market are boring. Since the excitement we saw earlier this year with the S&P 500 falling 3% in January, oil searching for a bottom, the Swiss National Bank removing its peg against the euro, and the European Central Bank starting a quantitative easing program, US stocks have settled into one of the […]
Markets ended the last trading session of the week in the green boosted by upbeat nonfarm payroll data. The benchmarks gained more than 1% on Friday, with the Dow registering its largest one-day percentage gain in more than three months. Friday’s encouraging jobs report also helped the benchmarks finish mostly in positive territory for the week.For a look at the […]
