Stocks End Mixed Ahead of Fed Meeting Stocks ended mixed last week as investors look forward to next week’s Fed meeting (Tues/Wed) and the on-going drama with Greece. The latest round of incoming economic “data” failed to “impress” which means the Fed will likely not raise rates in the near future. It is important to note that…
Stocks Fall As Incoming “Data” Remains Mixed Stocks fell last week as the incoming “data” remained mixed which does not provide more clarity regarding when the Fed will raise rates. Remember the Fed has a dual mandate: help the economy and keep inflation near its 2% target. Right now both objectives are not being met which…
Stocks End Month Higher; Week Lower The Dow Jones Industrial Average, the benchmark S&P 500, small-cap Russell 2000, and Nasdaq composite all fell last week but rallied for the month. The latest reading on U.S. Q1 GDP fell 0.7%, beating the government’s estimate for a decline of 0.8%. Economists now believe that Q2 GDP will grow around 2%…
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…
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…
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…
* Nonfarm payrolls up by 223,000, just below the 224,000 expected * Unemployment rate falls to lowest since May 2008 * Microsoft jumps on news it’s not pursuing Salesforce * All 30 Dow components in the black * Indexes up: Dow 1.22 pct, S&P 1.02 pct, Nasdaq 1 pct (Updates to open, adds comment) By…
Stocks Fell After Hitting New Highs Last Week After all was said and done, underneath the surface, it wasn’t a pretty week on Wall Street. On Monday, the benchmark S&P 500 hit a new high for the year, then turned lower after several key areas of the market began to fall out of bed. Social media…
Stocks Rally During Heart Of Earnings Season Stocks rallied last week as investors digested the latest round of largely lackluster economic and earnings data. The big winners (so far) from earnings season include: Amazon.com ($AMZN), Netflix ($NFLX), Hasbro ($HAS), Domino’s Pizza ($DPZ), Sketchers ($SKX), Dunkin (Donuts) Brands Group ($DNKN), Google Inc ($GOOG), Microsoft Corp ($MSFT),…