Benchmarks enjoyed their best day this year on Wednesday as the Fed issued encouraging statements regarding economic growth in the U.S. and a rate hike. Fed’s statement that it would remain “patient” before raising the interest rate boosted investor confidence. Moreover, rebound in oil prices helped energy shares post solid gains yesterday. The S&P 500 registered its best one-day gain […]
Benchmarks ended in the red for the third-straight session after volatile trading on Tuesday. A nosedive in Russian ruble raised worries about the global economy. Ruble slumped despite Russian central bank hiking interest rates to 17%. Moreover, uncertainty regarding the rate hike in the US ahead of the Federal Open Market Committee meeting also dented investor sentiment. Decline in technology […]
Benchmarks rebounded on Thursday propelled by better-than-expected retail sales data and an impressive initial claims report. The indices made a comeback from the slump they suffered a day earlier and in fact the bearish mood that mostly prevailed through this week. However, some of the day’s gains were eroded post noon by the concerns over the US crude futures falling […]
Benchmarks suffered their biggest drop in two months on Wednesday after a slump in oil prices dragged energy shares down. Oil prices took a beating after OPEC lowered its oil production forecast for 2015. The S&P 500 registered its worst one-day percentage decline since Oct 13. All 10 sectors of the S&P 500 index also posted a decline of more […]
Benchmarks ended Tuesday’s trading session on a mixed note as investors remained concerned about the global economy and political turmoil in Greece. People’s Bank of China’s move to tighten rules on loans and unexpected declaration of presidential elections in Greece dented investor sentiment. However, the S&P 500 and Dow erased much of the initial losses, banking on a rally in […]
Benchmarks started the week on a dismal note after a slump in oil prices and disappointing overseas economic data dented investor sentiment. Energy shares were hit hard after oil prices plunged to a five-year low over continued concerns of oversupply. Moreover, discouraging China’s trade numbers, contraction of Japan’s economy and less-than-expected expansion in Germany’s industrial output has raised concerns of […]
Benchmarks settled in the green on Friday boosted by upbeat jobs data. The S&P 500 reached its 49th record high this year and the Dow registered the same for the 34th time this year. The S&P 500 and the Dow also registered their seventh successive week of gains. However, the Nasdaq ended in the red for the week.For a look […]
Benchmarks ended slightly lower on Thursday after hitting record highs on the previous day after the European Central Bank failed to provide solid clues about further monetary stimulus. Moreover, investors were also cautious ahead of Friday’s nonfarm employment report. However, encouraging jobless claims report limited some of the losses on Thursday.For a look at the issues currently facing the markets, […]
Strong service sector numbers and modestly impressive job data helped benchmarks to finish in the green zone on Wednesday. This was the second consecutive day of gains for the indices. Moreover, rally in energy shares following rebound in oil prices and solid gains in materials stocks also boosted investor confidence. The S&P 500 reached its 48th record high this year […]
Markets ended Friday’s holiday-shortened session on a mixed note following decline in oil prices that dragged down energy shares. However, slide in oil prices boosted airlines and retail shares on Black Friday. Moreover, major benchmarks registered weekly gains for the sixth consecutive week and also managed to finish in positive territory in November.For a look at the issues currently facing […]
