Benchmarks turned positive for the year on Thursday after ECB announced a large-scale bond buying program to revive the near-stagnant Eurozone economy. The European Central Bank (ECB) announced a quantitative easing program worth about 1.1 trillion euros to address the risks of deflation in Eurozone. Additionally, upbeat quarterly results by banks and transportation companies boosted investor sentiment. The S&P 500 […]
Benchmarks gained for the third-straight session on speculation that ECB might provide more stimulus measures to boost the Eurozone economy. The European Central Bank’s (ECB) executive board has proposed a bond-buying program of about 50 billion euros per month in order to combat concerns over deflation in the Eurozone. ECB is expected to unveil a large-scale bond-buying program on Thursday […]
Benchmarks ended Tuesday’s choppy trading session in the green led by gains from technology shares. Investors also remained focused on ECB’s meeting scheduled for Thursday. ECB is expected to unveil a bond-buying program in order to boost Eurozone’s economy. Investors also kept an eye on fourth-quarter earnings results of major companies including Halliburton, Baker Hughes, Johnson & Johnson, Morgan Stanley […]
Benchmarks ended in negative territory for the fifth-straight session on Thursday following the Swiss National Bank’s surprise move to drop its long-standing exchange rate of the Swiss franc against euro. Moreover, disappointing earnings results from Bank of America and Citigroup, and dismal economic data weighed on markets. Also, another decline in oil prices dragged down energy shares on Thursday. The […]
Benchmarks ended in negative territory for the third-straight session on Tuesday erasing solid initial gains as another slump in oil prices weighed on energy shares. In the opening hours, markets were boosted by Alcoa’s encouraging earnings results and possibility of implementation of monetary stimulus in the Eurozone. The Dow declined around 400 points from its day’s high yesterday, witnessing its […]
Markets retreated from record highs on Wednesday to finish in the red as Fed minutes failed to provide any clear indications about a possible rate hike. Moreover, mixed housing data also weighed on investor sentiment. However, upbeat earning results helped retail stocks to post solid gains on Wednesday.For a look at the issues currently facing the markets, make sure to […]
Rally in healthcare stocks and easing global growth worries boosted benchmarks to finish in the green on Tuesday. Improved investor confidence data from Germany and positive news from Japan reduced worries about the global growth. Encouraging economic data also lifted investor confidence. The S&P 500 and Dow finished at a record high yesterday.For a look at the issues currently facing […]
3 Biotech Stocks for Earnings Beats this SeasonEven a quarter back, tax inversion deals were quite a rage among most of the U.S. based biotech firms. However, these tax dodging strategies have fallen apart ever since the U.S. Department of Treasury issued a notice related to tax inversion deals. We have seen AbbVie Inc. ( ABBV ) calling off its […]
Biotech stocks and the related ETFs have been the star performers this year despite some temporary glitches and rough trading in between. Encouraging industry trends, increasing merger and acquisition activities, expansion into emerging markets and ever-increasing health care spending led the sector to easily outperform the broader U.S. equity markets.Though lofty valuations and regulatory concerns did bring in some pain […]
Benchmarks finished its choppy session on a mixed note yesterday after Fed minutes showed officials debated about the timing of rate hike. S&P 500 and Dow finished in the green for the third straight day after they were able to pare losses following jitters from the Fed minutes. However, Nasdaq snapped its five-session rally.For a look at the issues currently […]
