By Angelo Young @angeloyoung on July 24 2015 12:02 PM EDT U.S. stocks headed toward a weekly loss Friday as they followed world markets into the red. Meanwhile, global commodity prices continued their downward spiral. With no clear trend emerging from U.S. corporate earnings results and disappointing U.S. home sales data released Friday, all three U.S. markets…
Evelyn Cheng | @chengevelyn U.S. stocks traded lower after briefly attempting gains on Friday, despite surprisingly strong Amazon earnings, as signs of slower global growth weighed on sentiment. “I think the overarching driver for change may be the macro, not the micro,” said Art Hogan, chief market strategist at Wunderlich Securities. “It’s been a week…
* Amazon jumps after posting unexpected profit * Visa rises after results beat expectations * Biogen slumps after slashing forecast * Futures: Dow down 31 pts, S&P down 2 pts, Nasdaq up 3 pts (Adds details, comment, updates prices) By Tanya Agrawal July 24 (Reuters) – Wall Street was set to open slightly lower on…
U.S. stocks traded mostly lower on Tuesday as lackluster earnings reports in some Dow components pressured investor sentiment. “Basically it’s all about two stocks that are weighing on the blue chip index. But they’re basically down fractionally. It doesn’t really indicate any reversal at this time,” said Peter Cardillo, chief market analyst at Rockwell Global…
U.S. stocks traded higher on Thursday as investors focused on earnings beats amid progress towards near-term resolution in the Greek debt crisis. ( Tweet This ) “Earnings are continuing to play a bigger role,” said Omar Aguilar, chief investment officer of equities at Charles Schwab Investment Management. “Financials (had) pretty positive results. At the same…
By Evelyn Cheng | @chengevelyn 11:22 am U.S. stocks traded mildly higher on Tuesday as investors eyed economic reports and earnings that continued to indicate less-than-robust growth, amid news of a deal in Iran. “To a certain extent, bad news keeps the Fed at bay,” said Ben Pace, chief investment officer at HPM Partners. “Maybe…
By Evelyn Cheng | @chengevelyn 1:45pm EST U.S. stocks more than halved gains on Thursday as optimism faded after an opening rebound on the jump in Chinese stocks overnight. “It’s an underlying sense that the market is getting weaker, not stronger,” said Adam Sarhan, CEO of Sarhan Capital. “The market’s been drifting lower ever since…
NEW YORK, NY – JULY 08: Traders wait on a nearly empty trading floor at the New York Stock Exchange (NYSE) after trading was halted due to a “technical glitch” on July 8, 2015 in New York City. Trading was to resume in the afternoon. (Photo by Spencer Platt/Getty Images) July 8, 2015 5:48 PM…
07/07/15 U.S. stocks pared earlier losses in late Tuesday afternoon trade, with the S&P 500 reaching session highs after falling below its 200-day moving average, as investors awaited developments in the Greece debt crisis. The S&P 500 fell below that key level for its first time since October 20, joining the Dow Jones industrial average…
By Jessica Menton @JessicaMenton on July 06 2015 12:06 PM EDT U.S. stocks remained largely unchanged Monday after Greeks overwhelmingly rejected austerity measures in a pivotal referendum that could determine the country’s future within the eurozone. All 10 sectors in the S&P 500 traded slightly lower, led by declines in the materials, energy and telecommunications sectors….