As the Labor Day holiday ended, so did the stock market’s holiday from underlying economic trends. Last week, the stock market was all about “better than expected.” On the first day this new week, however, the market was all about “worse than hoped.” Last week, for example, the stock market celebrated a loss of 54,000 [...]
Stocks shed substantial ground on Tuesday as financial stocks led the decline after four successive days of gains in US markets. The market cooled off from last week’s rally while worries over the health of European banks returned. Renewed worries about European banks weighed on financial stocks and investors flocked to such safe-haven assets such [...]
The major indices closed the week with strong gains, after logging our successive days of gains following support from improved retail sales for August, coupled by an improved private employment for the month, and a drop in initial jobless claims. The late sprint in the week came after an encouraging jobs report sent stocks to [...]
Stocks advanced further in US Friday, as the investors braced the improved hopes created by private sector adding 67,000 jobs. This was higher than 44000 fresh jobs that were expected to be created by private sector last month. The Dow Jones industrial average gained 127.83 points, or 1.26%. The S&P 500 gained almost 14 points, [...]
Stocks advanced further in US Thursday, as the investors braced the fall in the initial jobless claims in past week, and improved retail sales for the month of August, boosted by tax free incentives in the season. There was an increase in pending home sales. The Dow Jones industrial average gained 50 points, or 0.5%. [...]
Stocks made strong advances in US Wednesday, as the investors welcomed the encouraging PMI data for past month, and brushed aside the negative news coming out of weak ADP monthly employment report for private sector. The reading on manufacturing activity climbed in August, defying expectations of a decline and helping to calm worries about the [...]
Stocks reamined almost flat in US Tuesday, as the investors remained skeptical of taking fresh buying positions, in view of mixed economic data indicators. The Dow Jones industrial average gained 4 points, or less than 0.05%. The S&P 500 advanced less than 1 point and the Nasdaq composite shed 6 points, or 0.3%. Source
The market giveth and the market taketh away. Last Friday, the Dow Jones industrial Average gaveth 165 points. Yesterday, the Dow tooketh 141 points away. What should we investors learneth from this occurrence? Should we trust that the economy is recovering, as the politicians pretend to believe? Or should we distrust that the economy is [...]
Stocks sold off sharply Monday, as the investors chose to take little note of the rise in the Personal Income level by 0.2% for the last month, and market participants remained cautious ahead of Consumer Confidence indicators, to be followed by employment situation report for last month later this week. After a lower opening, the [...]
Stocks sold off sharply after some early gains, as the market participants chose to ignore even a better than expected initial jobless data for the last week. The DJIA even failed to hold above the decisive 10000 points, to end up with major losses late in the session. The Dow Jones industrial average lost 74.25 [...]
“How did it all come to this?” It’s a question we’ve asked ourselves many times along this Coast-to-Coast Correction Tour. The answers are everywhere…in Wickenberg, Arizona…Livingston, Texas…Lake Charles, Louisiana and here along the border of Mississippi and Alabama… More on all that in a second. But first, the “noise.” The Dow Jones Industrial Average managed [...]
Stocks sold off sharply immediately after the weak new home sales data and poor order of durable goods in July, but managed to recover from losses as homebuilding and housing material stocks crept higher. Stocks finished higher Wednesday after spending most of the day in the red, following another round of dismal housing news. The [...]
U.S. stocks tumbled Tuesday as disappointing data on the existing housing sales for July, loomed large on the recovery of economy in a hurry. A broad decline in U.S. stocks sent the Dow industrials briefly below 10,000, on intensified worries about the global economic recovery, before a late recovery above the 10000 points. Dow Jones [...]
U.S. stocks tumbled Thursday as disappointing data on the jobs market and regional manufacturing raised doubts about the recovery, checking the enthusiasm that came with Intel Corp.’s $7.7 billion deal to acquire McAfee Inc. The Dow Jones Industrial Average closed down 144.33 points, or 1.4%, to end at 10,271.21, with all 30 components in the [...]
Stocks in US closed a shade higher after giving up more than 30 points of gains Wednesday early in the session as investors shrugged off tame reports from retailers. The Dow Jones Industrial Average ended up 9.7 points, with a modest gain of.09 percent to 10,415.54. The late rally was largely headed by retail stock [...]
An early bounce helped the broader market improve its position, but it still managed only to finished flat in the day Monday. Investors chose to remain cautious following four straight losing sessions in the wake of the Federal Reserve’s bearish outlook last week. The Dow Jones industrial average fell 1.14 points, and the S&P 500 [...]
The US stock market did a whole lot of nothing again last week…or worse than nothing. The Dow Jones Industrial Average slumped nearly 400 points to 10,303 – plunging the Blue Chip average back into the red for the year. The Dow is also in the red for the last five years…and the last ten [...]
US stocks recorded fresh losses Friday, for the fourth consecutive day of week, as investors digested some disappointing economic reports in the retail and consumer sectors. The Dow Jones industrial average fell 17 points, or 0.2%, to end at 10,303.15. The S&P 500 lost 4 points, or 0.4%, to settle at 1,079.25 and the Nasdaq [...]
U.S. stocks fell for a third-straight day Thursday as a tame guidance from Cisco Systems weighed on other technology stocks including Hewlett-Packard and Microsoft and disappointing U.S. jobs data also haunted the investors at large. The Dow Jones industrial average lost 59 points, or 0.6%, to end at 10,319.95. The S&P 500 fell 6 points, [...]
Stocks slipped to close sharply lower Wednesday after a report showed the U.S. trade gap widened, and foreign data cast doubt on overseas demand for American goods. Bank of England in UK also lowered its economy growth targets, which loomed large on the stocks. The Dow Jones industrial average plunged 265 points, or 2.5%, to [...]
