Stocks (Finally) Snap 8-Week Win Streak Remember, ladies and gentlemen, stocks do not go up forever. Even in very strong bull markets (present market included) it’s perfectly normal (and healthy) to see the market pullback and digest a recent rally. Last week, the major indices ended lower and the benchmark S&P 500 and Dow Jones…
US STOCKS-Wall St extends losses as financial stocks weigh * Yellen to speak at award presentation at 2:30 p.m. ET * U.S. 10-year treasury yields hit two-week lows * Valeant surges on better-than-expected profit * Priceline, TripAdvisor fall on weak forecasts Nov 7 (Reuters) – Wall Street added to losses in early afternoon trading on…
Stocks Rally On Healthy Earnings and Economic Data The market ended mostly higher last week as investors digested a slew of earnings, economic and central bank data. First, nearly every major central bank in the world continues its easy money stance. Even though the Fed, and a few other central banks, began raising rates, rates…
Thursday, November 2, 2017 Stocks gyrate as Wall Street digs through details of tax reform bill The S&P 500 traded off its lows as a sharp gain in the financials sector helped the index pare earlier losses. The plan would cut mortgage interest deductions in half. However, it would keep retirement savings plans like the…
Cloud computing drives massive growth for big U.S. tech firms SAN FRANCISCO (Reuters) – Amazon.com Inc (AMZN.O), Microsoft Corp (MSFT.O), Alphabet Corp’s (GOOGL.O) Google and Intel Corp (INTC.O) are all putting their chips on the cloud computing business, and it is booming. All four companies posted stellar quarterly earnings on Thursday, showing the strength of…
Stocks Rally On Healthy Earnings and Economic Data It was another solid week on Wall Street as investors digested a slew of earnings and economic data. The major indices overcame a mid-week sell-off and ended higher after several well-known tech stocks reported strong numbers and GDP beat estimates. Buyers showed up on Friday after: Alphabet,…
Stocks Race Higher As Earnings Season Kicks Stocks soared last week on renewed hope of a tax cut and the vast majority of earnings (that were announced) beat estimates. The market went from being extended to being very extended as buyers continued to show up and aggressively accumulate stocks. From any normal perspective, the market…
BlackBerry Shares Down After Another Top Exec Leaves Monday, October 16, 2017 (Reuters) – BlackBerry Ltd’s (BB.N) (BB.TO) U.S.-listed shares fell more than 1 percent on Monday, their first day of trading on the New York Stock Exchange, after a second senior executive at its patent licensing unit quit this month. Victor Schubert, who was…
Stocks Perched Near Record Highs As Earnings Season Begins The market was relatively quiet last week as earnings season officially began. The major indices remain perched below record highs as the bulls continue to dominate the landscape. The fact that there remains virtually no selling is a net positive for the bulls. In the short-term,…
Stocks trade little changed as Wall Street pauses before earnings season Some of the major companies scheduled to report quarterly results this week include BlackRock, Citigroup, Bank of America and Wells Fargo. Equities have been at record levels on renewed hopes of tax reform and strong economic data. Monday, October 9, 2017 U.S. equities traded…