Massive decline in technology stocks following earnings releases from Apple and Microsoft dragged major benchmarks to negative territory for the second-consecutive day. Meanwhile, another slump in oil prices also weighed on energy shares, which in turn had a negative impact on markets. However, encouraging existing home sales data boosted housing stocks on Wednesday.For a look at the issues currently facing […]
Benchmarks ended marginally higher on Thursday following mixed economic data. While reports on housing, manufacturing and labor market were discouraging, Conference Board’s leading economic index was up for April. The day’s mostly weaker-than-expected economic data increased expectations of delayed rate hike, which eventually helped the S&P 500 to close at a record high.For a look at the issues currently facing […]
Benchmarks ended mixed yesterday after Fed minutes showed officials looked past a June rate hike amid slow economic growth. While the S&P 500 and Dow ended in negative territory, Nasdaq ended in the green boosted by gains in biotech stocks. These three benchmarks had briefly touched their respective closing highs before settling lower.For a look at the issues currently facing […]
Benchmarks were little changed on Wednesday amid discouraging retail sales numbers and rise in bond yields. While disappointing retail sales figures in April dragged the S&P 500 and the Dow into negative territory, gains in bond yields across the U.S. and Europe made investors nervous. Separately, a drop in DuPont’s shares weighed on the Dow. However, the Nasdaq bucked the […]
Benchmarks ended in the red on Monday as investors were concerned about Greece’s debt crisis, while China’s rate cut to lift its economy did little to boost sentiment. Meanwhile, energy shares took a beating due to drop in oil prices. Yesterday’s total composite trading volume turned out to be the fifth lowest for this year.For a look at the issues […]
Markets ended in the red for the second consecutive day following Fed Chair Janet Yellen’s comments that stock valuations are “quite high”. Yellen warned investors of potential dangers they may face due to high equity valuations. Meanwhile, weak private sector hiring numbers added to the bearish sentiment. The soft numbers came in ahead of the much awaited non-farm payrolls report […]
Benchmarks ended in the red on Tuesday, dragged down by losses in technology, biotechnology and small-cap stocks. U.S. trade deficit touched its highest level in almost six and a half years, adding to the bearish sentiment. Meanwhile, investors remained concerned over fresh troubles in Greece and kept an eye on upcoming nonfarm payrolls data to gauge the timing of a […]
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 ended the last trading session of the month in the red dragged by losses in technology and biotechnology stocks. While, decline in Apple’s shares weighed on the technology sector, Celegen’s lower-than-expected quarterly revenues had a negative impact on biotech shares. Yesterday’s losses were broad based with all 10 sectors of the S&P 500 ending in the red and 27 […]
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 […]
