Stocks Pare Losses After Early Pullback
U.S. stocks pared their heavy losses Tuesday after global jitters initially fueled a sharp pullback.
U.S. Markets Mixed On Global Worries
U.S. Markets opened in the red but rebounded to mixed results after China revised credit market collateral rules disallowing low-grade corporate bonds. In Greece, the government moved up a parliamentary presidential vote which sent the Athex Composite index down nearly 13% on concerns of the return of unrest there.
Running On Empty – Energy Drags the Markets Down
U.S. Markets opened under pressure following lower than expected economic data out of China and Japan but as oil continued its slide, the market selloff gathered momentum. Energy stocks were amongst the hardest hit and the S&P 500 Energy sector fell 3.91% as oil prices closed in on five year lows.
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Positive Economic Data Drives Stocks Higher
The U.S. markets rebounded from Monday’s losses after getting a boost from positive November car sales data which met expectations of 5.8 million and light truck sales which came in slightly ahead of estimates at 7.5 million. Construction spending in October saw a better-than-expected rise of 1.1% which further pressed stocks into the green.
Stocks Skid On Economic Concerns
The U.S. markets were under pressure as investors were skittish following manufacturing data out of China that was lower than expected and concerns about a slow start to the holiday spending season.
Retail Expectations Give Stocks a Boost
With falling gas prices and the holiday shopping season ready to kick off on Black Friday, investors were betting on retail.
Positive Economic Data Lift Stocks
U.S. markets opened under pressure following weak economic data out of Asia and Europe but rebounded as traders digested positive U.S. economic data. Initial jobless claims remained below the key 300k number for the 10th consecutive week and existing home sales saw a surprise gain where economists had been expecting a small loss.
Markets Jump Positive Sentiment and Housing Data
The U.S. markets were in the green after an unexpected rise in the November NAHB Home Builder Sentiment Index outpaced economist expectations and global financial policy makers signaled their willingness to take further action to buoy their economies.
Markets Mixed On Unexpected Japan GDP Drop
The U.S. markets were mixed after Japan’s third-quarter GDP unexpectedly contracted dropping 1.6% quarter-over-quarter sending the country into a technical recession following last period’s drop of 7.3%.
Markets Turn Positive Late on Light Day
The U.S. markets were mostly flat in a light trading session on the Veterans Day holiday but a late session jump pushed all the benchmarks into the green along with oil and gold which rebounded from Monday’s losses.
Markets Hit Record Highs Again As Oil Continues To Slide
Following gains in Europe, the major U.S. benchmark indexes maintained their momentum following previous three weeks of gains and started off the week hitting new all-time highs while crude oil prices continued to fall.
Positive Economic Sentiment Keeps Stocks at Record Levels
Stocks continued their upward momentum with some benchmarks hitting new record highs. Sentiment was driven by initial jobless claims numbers which at 285,000, remained under the key 300,000 level for the eighth week in a row. The markets also responded positively to European Central Bank chief Mario Draghi’s commitment to continuing stimulus efforts.
Oil Slump Continues as Saudi Arabia Targets U.S.
Oil accelerated a months-long slump after Saudi Arabia, looking to counter the American shale boom, cut its prices for U.S. buyers.
Bank of Japan Delivers Halloween Treat for Wall Street
The Dow and S&P 500 booked record highs Friday in reaction to the Bank of Japan’s surprise decision to expand stimulus measures.
Economic Data and Earnings Fuel Blue Chip Rally
The major benchmarks were all in the green following the end of the Fed’s bond buying program and got a boost from the better-than-expected third-quarter GDP growth of 3.5%. Initial jobless claims came in slightly higher than expected at 287,000 but were still low enough to generate positive economic sentiment. Strong quarterly earnings by Visa and MasterCard kicked off the day’s rally.
Consumer Confidence and Earnings Keep Stocks Green
The markets were green across the board today following the better than expected October Consumer Confidence numbers which hit a seven year high and overshadowed an unexpected drop in durable goods orders. Positive quarterly earnings reports continue to bolster the markets ahead of tomorrow’s Fed meeting release, which is expected to indicate a continuation of market friendly interest rates.
Markets Mostly Flat Ahead Of Fed Meeting
Coming off of last week’s best performance of the year, stocks were mostly muted and mixed ahead the FOMC meeting scheduled for later this week. September pending home sales came in slightly below economist estimates but data indicated the first year-over-year gain in the past 11 months.
Strong Earnings Keep Markets Moving
Positive quarterly earnings reports continued to rally the US equity markets with results from Dow components Microsoft and Procter & Gamble further boosting the benchmark indexes. New Home Sales came in slightly below economist expectations but remained at six-year highs fueling investor optimism.
Earnings and Data Drive Gains Across the Board
U.S. markets surged following positive economic data out of China and after September’s U.S. existing home sales reached a new one year high. Apple’s strong quarterly results were more than enough to overcome disappointing numbers from Coca-Cola and McDonalds driving the markets to strong gains on the day.
