Benchmarks ended in negative territory on Friday as upbeat nonfarm payroll data reignited fears about sooner-than-expected interest rate hike. Meanwhile, the unemployment rate declined to six and a half year low in February. The S&P 500 witnessed its biggest one-day decline in last two months on Friday. Moreover, benchmarks finished in the red for the second consecutive week.For a look […]
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 […]
Markets rebounded on Friday to register solid gains as Eurozone’s officials approved a four-month extension to Greece’s bailout program. However, another decline in oil prices weighed on energy shares, which in turn eroded some gains. The Dow finished at a record high for the first time this year, while S&P 500 hit the same for the third time. Meanwhile, the […]
Transportation is a growing sector and one that has seen a strong performance as of late. As a matter of fact, iShares Transportation Average ETF under the ticker (IYT – ETF report) has soared almost 30% in the last 52 weeks.While this is certainly a strong performance, let’s narrow it down and focus on some of the most undervalued companies […]
Benchmarks finished Thursday’s session mostly in the red as oil prices dropped and deadlock over Greek debt deal continued. While decline in oil prices dragged energy shares down, Germany’s rejection of Greece’s request for loan extension unnerved investors. However, the Nasdaq settled in positive territory banking on gains among chipmakers and bio-tech stocks. Priceline’s upbeat quarterly results also helped the […]
Benchmarks started the holiday-shortened week on a positive note banking on encouraging news from Greece. Indications that the Greek government intends to seek an extension of the country’s loan agreement program improved sentiment. While the S&P 500 closed at an all-time record high, the Dow closed at the highest level so far this year. Markets were closed on Monday for […]
For some time now, Europe’s economy has been traversing rough waters. Economic data has been disappointing and geopolitical tensions have kept investors worried. While an uneasy truce has been reached on Ukraine, Greece debt negotiations remain unresolved. But new economic data and stock market performance indicate that it may a good time to buy into Europe after all.Markets Moving NorthMarkets […]
Benchmarks closed at record highs on Friday after higher oil prices boosted energy shares. While the S&P 500 closed at an all-time record high, the Dow ended above the 18K mark for the first time this year. The Nasdaq hit a 15-year high, boosted by gains in technology stocks. Friday’s gains helped benchmarks settle in positive territory for the second-straight […]
Benchmarks ended in the red on Friday after fresh concerns about Greece’s debt negotiations offset encouraging job report. Meanwhile, rise in possibility of rate hike in mid-2015 due to improving labor market conditions dented investor sentiment. However, markets ended the week in positive territory despite Friday’s losses.For a look at the issues currently facing the markets, make sure to read […]
