Benchmarks ended in the green for the second straight session on Monday boosted by a handful of upbeat earnings results. Meanwhile, investors continued to focus on economic data to gauge the timing of an interest rate hike. An expansion in the Eurozone’s manufacturing activity in April also boosted investor sentiment. The S&P 500 touched its highest level since Apr 28 […]
Benchmarks finished in negative territory on Wednesday on weak GDP report while Fed retained the data-dependent stance regarding rate hike. The U.S. economy expanded at a slower pace in the first quarter due to severe winter weather, major disputes in ports and stronger dollar that adversely affected export-oriented companies. Meanwhile, investors continued to keep an eye on first quarter earnings […]
Benchmarks finished mixed on Tuesday amid a slew of positive earnings results, weak consumer confidence report and decline in biotech stocks. The Dow and the S&P 500 registered modest gains banking on encouraging earnings results. IBM’s move to increase its quarterly dividend boosted the blue-chip index. However, the Nasdaq ended in the red after biotech stocks took losses. Decline in […]
Benchmarks finished Tuesday’s trading session mostly lower following a mixed bag of earnings reports. While, a handful of discouraging quarterly results dragged the Dow and the S&P 500 down, the Nasdaq bucked the trend banking on a new deal in the biotechnology sector.For a look at the issues currently facing the markets, make sure to read today’s Ahead of Wall […]
Benchmarks ended Thursday’s choppy trading session slightly lower following mixed economic data and Fed officials comments on interest rate hike. Upbeat earnings results, well received initial public offerings and rise in oil prices failed to help benchmarks close in the green. While, about two third of the Dow components ended in the red, seven out of ten sectors of the […]
Benchmarks ended higher on Wednesday following rise in oil prices and upbeat earnings results. While, energy shares gained as domestic crude oil price closed at the highest level this year, investors cheered mostly positive first quarter earnings results. Meanwhile, European Central Bank’s decision to keep interest rates unchanged while continuing with its asset purchasing program added to the bullish sentiment.For […]
Benchmarks posted modest gains on Thursday helped by gains in energy shares due to rise in oil prices. The day’s gains were limited as investors remained concerned about first quarter earnings results. A stronger U.S. dollar may negatively impact multinationals’ earnings results while overall weakness in oil prices will weigh on energy shares. Meanwhile, the first quarter earnings season kicked […]
Benchmarks ended Friday’s trading session in the red as investors weighed positive housing and consumer confidence data against slowdown in the U.S. economic growth. However, benchmarks were able to post their biggest monthly percentage gains in more than two years in February. Strong earnings results by retailers and tech companies, firming up of oil prices, and easing concerns in the […]
Benchmarks ended mostly in the red on Thursday as mixed economic data and another decline in oil prices dampened investor sentiment. However, Avago Technologies’ encouraging deal news and strong earnings results from Salesforce.com boosted technology shares. Meanwhile, small cap stocks outpaced large cap stocks, which in turn helped the Russell 2000 Index reach a record high for the eighth time […]
Benchmarks hit record highs on Tuesday after Janet Yellen made her semiannual testimony before the Senate Banking Committee. Markets interpreted her dovish comments as reassurance that rate hike may only come in the latter half of the year. Moreover, gains in Home Depot, First Solar and Toll Brothers also boosted markets. The Dow reached a record high for second time […]
