Benchmarks settled in the red zone following reports that Russia has increased forces along its border with Ukraine. Investors’ apprehensions about a rate hike following strong economic data also weighed on markets. Dow’s three-digit decline eroded all of Monday’s gains, while fellow benchmarks also lost heavily.For a look at the issues currently facing the markets, make sure to read today’s […]
Benchmarks ended higher on Wednesday boosted primarily by the encouraging minutes from the FOMC meeting. Fed officials discussed monetary tightening while remaining flexible on such a measure. They also discussed approaches to hiking rates, but clarified this was not an indication that rates would be hiked immediately. Meanwhile, gains from consumer discretionary and energy stocks also helped benchmarks finish in […]
Benchmarks ended mostly in the green on Thursday driven by encouraging corporate results and higher-than-expected economic numbers. The Nasdaq was boosted by strong gains in Apple, a day after it reported better-than-expected earnings. However, the Dow finished flat after Verizon Communications and 3M Company’s disappointing first quarter earnings restricted its advance. Meanwhile, there were reports of military tension near the […]
Benchmarks ended lower on Wednesday following disappointing corporate results and economic data. AT&T, Amgen and Biogen posted disappointing corporate results. Boeing and Gilead’s better-than-expected quarterly earnings failed to restrict the day’s losses. Decline in new home sales data also added to the bearish sentiment.For a look at the issues currently facing the markets, make sure to read today’s Ahead […]
Benchmarks ended higher on Tuesday boosted by better-than-expected corporate results. Comcast, Harley-Davidson, Netflix, Travelers and United Tech posted upbeat quarterly earnings. New deals in the health care sector also contributed to the bullish sentiment. A modest fall in existing home sales data in March hardly impacted the benchmarks.For a look at the issues currently facing the markets, make sure to […]
Benchmarks finished hardly changed on Thursday as investors received mixed corporate results as well as encouraging economic data. Morgan Stanley, General Electric, Goldman Sachs and Pepsi reported upbeat quarterly results. However, the Dow closed in negative territory following IBM and UnitedHealth Group’s dismal earnings report. Google’s disappointing earnings also weighed on the markets. Positive economic data on […]
Benchmarks finished in the green on Tuesday after blue-chip companies Coca-Cola and Johnson & Johnson reported upbeat quarterly results. Investors also remained focused on the recent developments in Ukraine. The day’s mixed economic data on urban consumer prices in March and a survey on manufacturing conditions for New York manufacturers in April had little impact on the benchmarks.For a look […]
