Stocks Edge Higher Ahead of Long Weekend Stocks edged higher last week as investors digested the latest round of mixed economic and earnings data. In the short term, the market looks a little extended and due for a little pullback to digest its recent gain. The big take-away is that the stock market remains strong…
U.S. stocks traded mostly lower on Friday as investors digested a strong core inflation figure ahead of Fed Chair Janet Yellen’s afternoon speech. Art Cashin, director of floor operations at UBS, said the roughly 1 percent decline in the Dow transports was weighing on equities. Pressured primarily by airlines, the index is on track for…
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* Endo down after agreeing to buy Par Pharmaceutical * Altera up on report of possible deal with Intel * Ann rises after Ascena Retail takeover offer * S&P closed at record-high on Friday * Indexes: Dow up 0.05 pct, S&P down 0.02 pct, Nasdaq down 0.08 pct (Updates to open) By Sweta Singh May…
Source: http://online.barrons.com/articles/s-p-500-hits-a-new-high-1431747208
Stocks Positively Reverse For The Week For the week, the bulls emerged victorious as the major indices positively reversed (opened lower and closed higher) which is a subtle and bullish sign. On the downside, the economy was the big loser after the latest round of “data” showed the economy remains weak. That means the “data-dependent” Fed will…
NEW YORK | BY CAROLINE VALETKEVITCH Markets | Wed May 13, 2015 2:27pm EDT The dollar index hit its lowest in more than three months while global stock indexes inched up on Wednesday as weaker-than-expected U.S. retail sales bolstered confidence the Federal Reserve will hold off raising rates soon. The S&P 500 was near flat…
* April retail sales unchanged from March * Import prices fall for 10th straight month * Macy’s, Ralph Lauren down after results * AmEx, Delta rise on buybacks, dividend hikes * Futures: Dow down 6 pts, S&P up 2.50 pts, Nasdaq up 11 pts (Adds details, comment, updates prices) By Tanya Agrawal May 13 (Reuters)…
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Stocks Rallied After April’s Jobs Report Last week was a bullish week on Wall Street as investors sent stocks higher after the “data” pretty much took a June rate hike off the table. The Fed believes that the economic weakness was ‘transitory’ in Q1 2015 which is their way of saying they believe the economy will…