NEW YORK — Expectations that the Federal Reserve will be slow to raise interest rates, spurred by a weak jobs report last week, helped send the stock market up Monday. A jump in the price of crude oil set off a rally in energy stocks.The stock market was closed Friday, the day the Labor Department reported that employers added just […]
Over the course of this long bull market, biotech stocks have been very, very good for their owners. Perhaps too good. Investors have shown such rabid enthusiasm for biotechs—especially small, unproven companies that have yet to bring a drug to market—that some observers are using another b word to describe the high-flying sector: bubble.See Also: 8 Stocks Under $10 Worth […]
Trusting Wall Street stock market predictions is really hazardous to your portfolio’s health.In particular, the annual Wall Street stock market predictions made by top strategists are so inaccurate, using a blindfold and a dartboard could do better.These richly paid folks work for such financial behemoths as JPMorgan Chase & Co. (NYSE: JPM), Goldman Sachs Group (NYSE: GS), CitiGroup Inc. (NYSE: […]
Benchmarks ended the first trading session of the second quarter in the red on weak economic data. Both private payrolls and manufacturing data were weaker than anticipated. The S&P 500 closed below its 50-day moving average, with 7 out of 10 S&P 500 sectors ending in the red. The Dow also witnessed more than two-third of its 30 components ending […]
China central bank governor’s indications about additional monetary stimulus and a slew of new deals in the healthcare sector helped benchmarks start the holiday shortened week on a positive note. China’s move to ease lending requirements for buying a second home also added to the bullish sentiment. While all 10 sectors of the S&P 500 ended in the green, 28 […]
Benchmarks ended the last trading session of the week on a positive note after Fed Chair Janet Yellen said there was a possibility of a gradual hike in interest rates sometime this year. The Nasdaq was boosted by a possible deal between Intel and Altera. Gains in bio-tech stocks also helped the Nasdaq end in positive territory. However, benchmarks reported […]
Improved consumer-price index failed to cheer markets as the benchmarks settled in the red for the second consecutive day. While utilities sector dragged benchmarks lower, strong housing numbers could only boost the housing stocks. Benchmarks had gained momentarily, but they gave up all their initial gains after the dollar started moving higher against the euro. Tuesday also marked the second […]
Markets ended its choppy session in the red yesterday as fluctuations in the value of the U.S. dollar weighed on investor sentiment. Benchmarks witnessed their third lowest trading volume this year on Monday. Meanwhile, weaker dollar boosted oil prices on Monday, which in turn had a negative impact on the transportation stocks. Moreover, decline in biotech stocks dragged down the […]
Benchmarks ended in the green on Friday as weaker dollar and encouraging earnings results from Nike boosted investor sentiment. Weaker dollar had a positive impact on oil prices, which in turn helped energy shares move up. The Nasdaq reached a 15-year high and finished above 5k mark on Friday. Moreover, the S&P 500 registered weekly gains for the first time […]
Benchmarks finished mostly lower on Tuesday as investors grew jittery ahead of FOMC’s statement regarding rate hike. Investors are looking for clues as to when the Federal Reserve will start hiking rates. The Federal Open Market Committee meeting kicked off on Tuesday. Fed officials are expected to begin the rate hike process by dropping the “patient” phrase. While the S&P […]
