Another Strong Week On Wall Street Ahead Of The Long Weekend The bulls showed up and sent stocks soaring last week helping the S&P 500, Nasdaq composite and Nasdaq 100 hit fresh record highs. The month ends next week and the end of the month typically, but not always, has a slightly upward bias. One…
Wednesday, May 24, 2017 The S&P 500 gained 0.25 percent, as real estate led advancers, to post a record close. The central bank sees a system where it will announce cap limits on how much it will allow to roll off each month without reinvesting. The S&P and the Dow closed above their May 16…
Stocks Bounce Back After Mid-Week Sell-Off Last week, the market complexion changed and is a little weaker which means a defensive stance is warranted in the short-term. One of the hallmarks of a bull market is to see the market brush off nearly all negative news and just keep racing higher. Since the election, that…
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Rapid increase in cotton prices may force some cotton users to cancel sales or pay up for the fiber May 15, 2017 7:38 p.m. ET Cotton futures have jumped 12% over three sessions, throwing the finances of textile mills and fiber merchants around the globe into disarray. Speculators have been driving up the price, analysts…
Stocks End Mixed As Retail Stocks Sink Stocks ended mixed to mostly lower last week as investors digested the latest round of economic, political, and earnings data. The big take-away last week for the market was a slew of retail stocks gapped down after reporting earnings. On a positive note, the Nasdaq and Nasdaq 100…
Thursday May 11, 2017 * Macy’s profit plunges, drags down retail stocks * Snap Inc sinks on disappointing revenue, user growth * Weekly jobless claims fall to 236,000 – report * Indexes down: Dow 0.19 pct, S&P 0.32 pct, Nasdaq 0.34 pct (Updates to open) By Yashaswini Swamynathan May 11 U.S. stocks were slightly lower…
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Stocks End Week Higher As Other Markets Crumble Stocks ended mixed to mostly higher last week as other markets crumbled and investors digested a plethora of earnings. A slew of currencies and commodities fell hard but sellers remained at bay on Wall Street. To be clear, we are still in a very strong bull market…
Thursday, May 4, 2017 Equities closed mostly flat on Thursday as energy stocks put a lid on the broader market. The Dow Jones industrial average closed about 8 points lower, with Caterpillar and Chevron contributing the most losses. The 30-stock index fell more than 100 points at session lows before recovering most losses. The S&P…