NEW YORK | Thu Nov 8, 2012 9:18am EST (Reuters) – The number of Americans filing new claims for unemployment benefits fell last week, a sign the labor market’s slow recovery was gaining traction although a severe storm distorted the data. Initial claims for state unemployment benefits dropped 8,000 to a seasonally adjusted 355,000, the Labor Department…
Thu Nov 8, 2012 10:11am EST * Jobless claims unexpectedly fall, U.S. Sept. exports rise * ECB holds main interest rate steady at 0.75 percent * Qualcomm rises after revenue tops view, Whole Foods falls * Indexes up: Dow 0.2 pct, S&P 0.3 pct, Nasdaq 0.3 pct By Rodrigo Campos NEW YORK, Nov 8 (Reuters) – Wall…
Nov. 6, 2012, 6:55 a.m. EST By Barbara Kollmeyer, MarketWatch MADRID (MarketWatch) — U.S. stock futures pointed higher on Tuesday, drawing some support from gains for Europe stocks, as the presidential race entered its final lap with voting underway. Earnings from AOL Inc. and CVS Caremark Corp. and job-openings data were also on tap. Adding to…
Futures Large Harvests Pressure Coffee In London, U.S. By REUTERS Posted 11/05/2012 05:27 PM ET Coffee dropped Monday, with Liffe robustas falling to an eight-month low while ICE arabica coffee reached a 4-1/2-month low, as growing supply takes a bite out of prices. January robusta coffee futures dropped $24 to $1,952 a metric ton, after touching the…
By Frank Tang NEW YORK | Fri Nov 2, 2012 1:18pm EDT (Reuters) – Gold slid 2 percent in heavy trade on Friday, breaking below $1,690 an ounce for the first time in about two months as an encouraging U.S. nonfarm payrolls report lowered expectations for economic stimulus provided by global central banks. Bullion hit a two-month…
Friday, November 02, 2012 Stock Market Commentary: The major averages gave back earlier gains on Friday to end the shortened week relatively flat. The benchmark S&P 500, DJIA, and small-cap Russell 2000 pulled back after encountering resistance near their respective 50 DMA lines. For months, the 50 DMA line served as formidable support and it…
By Frank Tang NEW YORK | Fri Oct 26, 2012 12:18pm EDT (Reuters) – Gold rebounded on Friday after data showed U.S. economic growth picked up in the third quarter, but the metal was heading for its first three-week losing streak in over a year on uncertainty over the future of the U.S. Federal Reserve’s monetary stimulus….
Friday, October 26, 2012 Stock Market Commentary: The major averages ended in the red last week but the bulls showed up and defended the Nasdaq’s 200 DMA line- for now. So far, this is nothing more than a normal pullback after a big run evidenced by the fact that the benchmark S&P 500 is just…
Oct 10: I sent out a note saying “Rally Under Pressure” Oct: 19: Status Changes to Market In A Correction (Normally, a correction is defined when a market or stock declines >10% below a 52-week high. My definition is a little different. I look at how…
Friday, October 19, 2012 Stock Market Commentary: The major averages ended mixed last week but ended near their lows (which is not a healthy sign for the bulls) as sellers showed up in the latter half of the week and sold shares. So far, this is nothing more than a normal pullback after a big…