Check the background of this firm on FINRA's BrokerCheck.
112 Albany Street, Cazenovia, NY 13035 (315) 655-2964 Toll Free: 1-800-659-8044
Check the background of this firm on FINRA's BrokerCheck.
Today’s session began on a slightly lower note after the weekend failed to advance the budget negotiations. The talks are now entering the 11th hour, but the likelihood of a timely, comprehensive agreement has become dim. However, recent reports from Washington have indicated the two sides may be nearing a... Read More
Stocks spent today’s session in the red as the hope for a timely budget deal becomes more distant. The major averages saw a late-afternoon spike after reports out of Washington indicated President Obama will present a scaled-back budget proposal during his meeting with top lawmakers today. However, shortly after the... Read More
The S&P 500 ended the day with minor losses following a volatile session. Equities began the day on a positive note, but comments from Senate Majority Leader Harry Reid caused a quick change in sentiment. Speaking from the Senate floor, Senator Reid said that all signs suggest the country will... Read More
Stocks began the day on a positive note, but the early sentiment failed to hold. The key averages slipped to their respective lows during the first two hours of trade, and held there for the remainder of the session. As a result, the benchmark index finished lower by 0.5%. With... Read More
The major averages spent today’s abbreviated session in the red as the lack of progress in the budget debate weighed on sentiment. The S&P 500 hovered near its lows for the duration of the day, and the benchmark index lost 0.2% amid low volume. With the holiday break underway, traders... Read More
Equities spent the duration of today’s session in the red. The S&P 500 lost 0.9% after House Speaker John Boehner cancelled Thursday’s vote on his ‘Plan B’ due to a lack of support from his party. In a morning press conference, the Speaker said he is not walking away from... Read More
The major averages finished higher despite showing indecision in the early part of the session. The fiscal cliff remained the focal point, and investors showed optimism in Washington’s ability to get a deal done. Lawmakers from both sides of the aisle continued to exchange jabs, and Speaker Boehner said the... Read More
Stocks began the day on a slightly higher note as yesterday’s optimism regarding a fiscal cliff resolution lingered. However, the initial strength quickly faded, and the S&P 500 slipped below its flat line where it spent the remainder of the session. A recurring theme played out in Washington where lawmakers... Read More
Stocks registered broad gains during today’s session as comments from Washington lawmakers indicated the budget debate is intensifying. Though an agreement remains elusive, the markets welcomed the developments and spent the duration of the day in an upward climb. As a result, the S&P 500 advanced 1.2%. Apple (AAPL... Read More
The major averages registered broad gains during today’s session. The S&P 500 followed a modestly higher open with a steady climb to its highs. Shortly before midday, reports out of Washington indicated President Obama and House Speaker Boehner held a 45-minute conversation in an attempt to further the ongoing budget... Read More
Equities spent the day in the red as weakness in shares of Apple (AAPL 509.79, -19.89) weighed on the markets throughout the session. The S&P 500 held near its opening levels until the final hour when selling pressure pushed the benchmark index to a loss of 0.4%. The technology... Read More
The major averages began the day on a mixed note before selling pressure pushed the key indices to their respective lows. This morning, House Speaker John Boehner addressed the media in Washington. During his remarks, the speaker suggested President Obama is not serious about cutting spending, and the White House... Read More
Equities began the day on a slightly higher note in anticipation of the latest policy statement from the Federal Reserve. The major averages spiked to session highs upon the release of the central bank’s directive. However, stocks surrendered all of their gains, and the S&P 500 finished flat. As expected,... Read More
Today’s session was relatively quiet as the major averages followed an upbeat open with a climb to their respective highs. At noon, House Speaker John Boehner said he remains hopeful a budget deal will be reached, but first, Democrats and the President need to outline specific spending cuts. The comments... Read More
Equities were little changed during today’s session. With no economic data to digest, investors expressed caution after Italy’s Prime Minister Mario Monti announced plans to submit his resignation upon the successful approval of the country’s budget. However, afternoon reports from the Financial Times indicated Italy’s centrist parties are urging Mr.... Read More
Equities started the day in the black following the release of November nonfarm payrolls, which revealed an addition of 146,000 jobs. However, the optimism was short-lived and stocks surrendered their early gains after the preliminary reading of the December Michigan Sentiment fell short of estimates. The remainder of the session... Read More
Today’s session opened with initial uncertainty before the major averages staged a climb to their respective highs. Overseas, Standard & Poor’s lowered Greece’s long term credit rating to ‘Select Default’ from ‘CCC.’ Meanwhile, Germany’s DAX closed at its highest level in nearly five years. Domestically, trade was confined... Read More
Stocks finished the session on a higher note, but gave up a large portion of their gains in the final half-hour of the session. The major averages showed notable divergence as the Dow led with a gain of 0.6% while Nasdaq lost 0.8%. The tech-heavy index lagged the broader market... Read More
Today’s session was confined to a narrow range as the S&P 500 opened near its flat line, and spent the entire day within points of the unchanged level. At midday, Bloomberg TV aired an interview with President Obama, but his remarks were in-line with recent statements. The market did not... Read More
Equities began the day on a positive note as an upbeat European trade paved the way for a higher open. However, the strength was short-lived as the S&P 500 marked its session high during the opening minutes, and headed back towards its flat line once the November ISM Index... Read More
Equities were on uncertain footing during the first hour of the session. The S&P 500 followed the early indecision by sliding to its lows just above the 1410 level. A familiar theme played out intraday as President Obama and House Speaker Boehner held another round of press conferences. The President... Read More
Today’s session started on a positive note. The early gains were built on yesterday’s comments from House Speaker Boehner which indicated he is hopeful a budget deal can be reached. However, the Speaker held another press conference today at which he said no “substantive progress” has been made. The immediate... Read More
Equities opened lower, but staged a reversal when top lawmakers reiterated their desire to reach a budget agreement. After marking a session low near its 200-day moving average, the S&P 500 reversed 25 handles to session highs. The reversal was aided by comments from House Speaker Boehner who said he... Read More
Equities opened the session on a lower note. The Greek financing agreement between the International Monetary Fund and the Eurozone finance ministers did little to inspire investor confidence. Instead, market participants remain focused on the U.S. as they wait for any hints of progress in the budget debate. After marking... Read More
Equities began the week on a cautious note as uncertainty crept back into the markets. Overseas, the Eurogroup continues to discuss the next tranche of Greek aid. Reports from the talks indicate lawmakers remain split over whether or not haircuts should be applied to the outstanding Greek debt. Additionally, elections... Read More
Equities began today’s abbreviated session with a bullish bias. The sentiment was maintained into the close as the S&P 500 reached its high during the first hour of trade, and hovered near that area until the close. The markets were unfazed by headlines from overseas which indicated the Eurozone Summit... Read More
The S&P 500 endured choppy trade during the first two hours of action. The index followed the early indecision with a run to session highs where it spent the majority of the afternoon. The market received some encouraging news from the Middle East where Israel and Hamas have reached a... Read More
The major averages opened the session on a negative note after Moody’s cut the sovereign rating of France to ‘Aa1’ from ‘Aaa.’ The S&P 500 followed the lower open with a steady climb towards its flat line. After making several attempts at breaking through the unchanged mark, the benchmark index... Read More
Equities began today’s session amid optimism regarding a potential fiscal cliff compromise. In addition, headlines out of Europe indicated the next tranche of Greek aid will likely come through before December 5. The positive sentiment lifted the S&P 500 to its session highs during the opening minutes. The benchmark average... Read More
The major averages began the day on a down note and continued declining for the first two hours of the session. As the S&P 500 reached its lows, Congressional leaders held a press conference regarding the progress of fiscal cliff negotiations. During the public statement, Senator Harry Reid said that... Read More
Equities showed indecision in the early going as trade hovered around the flat line for the first 90 minutes before the S&P 500 slid to a session low near 1350. The level provided some support for the benchmark index which managed to cross into positive territory before sellers retook control... Read More
Equities began the day on a higher note, but the early strength did not hold past the opening minutes. The S&P 500 marked its session best shortly after the open, and headed lower. The morning slide was accompanied by headlines out of the Middle East, which indicated Israeli forces have... Read More
Equities began today’s session on a lower note. However, the major averages followed the lower open with a steady climb towards session highs. The optimism held the S&P 500 near the 1,385 level for the majority of the session, before late day selling pushed it back into the red. As... Read More
Stocks began today’s session on a higher note. However, the S&P 500 followed the early strength with a slide into the red. After hovering near its lows for little over an hour, the index staged a steady climb towards fresh session highs. The benchmark average followed the early afternoon strength... Read More
Stocks began the day in the red after equity futures showed considerable pre-market weakness. The S&P 500 spent the opening minutes just below its flat line. However, the benchmark average began climbing after the Washington Post reported that a plan for a middle class tax freeze will be proposed by... Read More
Equities began today’s session on a slightly higher note. However, the bullish bias was dispelled during the opening hour. After marking its session high at 1,401, the S&P 500 reversed and slid to its 200-day moving average near the 1,380 area. The index followed the move with a seven point... Read More
After showing early gains, U.S. equity futures have weakened and are now firmly lower after Barack Obama was reelected to a second term as President. The S&P 500 futures are lower by 0.8%. Overnight, the global markets were focused on the outcome of the presidential election. As the results began... Read More
Equities began the day on a slightly higher note. The early gains were doubled after an erroneous report on the Cincinnati Enquirer Website suggested Mr. Romney had a considerable lead over Mr. Obama in Ohio. The newspaper promptly retracted the claim, and said that the page accidentally showed a template... Read More
Today’s session began on a mixed note. The S&P 500 spent the majority of the day in negative territory as cautious trade took place ahead of tomorrow’s Presidential election. However, late afternoon buying drove the benchmark average to a higher finish by 0.2%. The technology sector outperformed the broader market.... Read More
Today’s session started on a higher note after the nonfarm payrolls report exceeded expectations, and pointed to 171,000 jobs added during October. However, the bullish sentiment faded quickly, and the major averages headed into the red. The S&P 500 crossed its flat line 60 minutes into the session and held... Read More
Stocks began the day with a bullish sentiment as the three major averages spent the first 90 minutes on a steady upward climb. After reaching session highs, the S&P 500 leveled off and held its gains into the afternoon before ending with a gain of 1.1%. The technology sector was... Read More
Equities began the session on a strong note. However, the bullish sentiment failed to hold as major averages began sliding off their highs shortly after the open. The key indices then marked their respective lows in the early afternoon before rallying in the final hour to finish mixed. The S&P... Read More
U.S. equity futures are modestly lower. The S&P 500 futures are off by 0.1%, while Nasdaq futures are down 0.5%. Note that the futures market will close at 9:15 ET, and the equity markets will remain closed due to the aftermath of hurricane Sandy. The Treasury market is closed as... Read More
U.S. equity futures are modestly lower amid downbeat overseas trade. Note that U.S. equity markets will be closed today due to Hurricane Sandy. In addition, the Chicago Board Options Exchange has cancelled all trading. Overnight, the global equity markets were mostly lower. Reports out of China suggested there is little... Read More
Equities showed indecision in the early going after Apple (AAPL 604.00, -5.54) and Amazon (AMZN 238.24, +15.32) delivered disappointing results, while the first reading of the third quarter GDP was reported ahead of expectations. The S&P 500 followed the early choppiness with a late-morning slide into the... Read More
Equities began the session with a bullish bias which failed to hold past the opening minutes. After opening near session highs, the S&P 500 spent the first hour in a steady decline towards the flat line. Once that level was reached, the index spent the remainder of the day trapped... Read More
Stocks began the session on an upbeat note, but the bullish sentiment was dispelled in the opening minutes. The S&P 500 and Nasdaq marked their respective highs minutes into the trading day, before sliding back towards the unchanged level. The Dow, however, held its gains a bit longer before recoupling... Read More
Equities began the session with an opening sell-off as disappointing earnings combined with Moody’s downgrade of five Spanish regions fueled the bearish sentiment. Stocks reached session lows during the first hour before attempting to rebound. The tech-heavy Nasdaq showed intraday resilience, but the attempt to reclaim its early losses was... Read More
Stocks got off to a quiet start as mixed quarterly reports continued to pour in. Indecision was apparent in the early going as the major averages traded near their respective unchanged levels. As the day progressed, the S&P 500 and Dow headed lower. However, the final hour brought out bargain-hunters... Read More
Today’s session was dominated by the sellers as disappointing third quarter earnings continued to roll in. Equities opened lower, and spent the majority of the session sliding to fresh lows. The sell-off came to an end once the S&P 500 hit the 1,430 level 90 minutes ahead of the close.... Read More
Stocks opened modestly lower after today’s weekly initial claims report missed expectations by 28,000. The early weakness was erased before midday as the major averages rallied to their respective session highs. However, the slim gains were short-lived as disappointing quarterly results from Google (GOOG 695.00, -60.49) hit the wires... Read More
Stocks began today’s session on a negative note after two technology bellwethers reported disappointing earnings. However, the cautious sentiment was short-circuited when today’s housing starts report revealed its highest reading since July 2008. The major averages reacted by staging a steady climb to their respective session highs. A brief afternoon... Read More
Equities opened the session on a higher note after reports indicated Spain may be willing to ask for access to precautionary credit. The reports were followed by comments out of Germany which suggested the country’s officials believe additional hurdles remain in Spain’s way. Separate reports indicated the old continent’s other... Read More
Equities got off to a slow start as the major averages spent the first 90 minutes near their respective unchanged levels. Today’s economic data was mixed, and did little to move the markets. After early indecision, the three indices rose to their session highs, and maintained those levels into the... Read More
Today’s session got off to a quiet start. The major averages held near their opening levels until the preliminary October University of Michigan Consumer Sentiment Survey registered a reading of 83.1. The survey’s best level since September 2007 lifted the major averages to their session highs. However, the exuberance was... Read More
Stocks began the day on a mixed note before the release of the latest University of Michigan Consumer Sentiment Survey. The report registered a reading of 83.1 which was its best level since September 2007. Following the announcement, the major averages spiked to session highs, but the move was promptly... Read More
Equities got off to a mixed start as the key indices chopped around their respective unchanged lines during the first hour. Sellers took control after traders digested the wholesale inventories data, pushing the major averages to their worst levels. Afternoon trade was mostly quiet as the three averages hovered near... Read More
Equities started the day on a mixed note before a broad sell-off sent the major averages to their session lows. The weakness started in the technology sector where a slew of companies lowered their third quarter guidance. After reaching their worst levels of the day, the key indices traded sideways... Read More
Equities began the day on a negative note after the World Bank cut its growth projections for the Asian region. Lacking an additional catalyst, the key indices spent the majority of the session trading near their opening levels. A late-day buying surge briefly lifted the S&P 500 and Dow to... Read More
Equities began the day on a higher note despite mixed jobs data. After reaching session highs within the first hour, the major averages reversed and spent the remainder of the day sliding towards the unchanged level. As a result, the S&P 500 ended flat while the Dow advanced 0.3% to... Read More
Stocks began the session with a bullish bias. The rally reached session highs 30 minutes after the open when the August factory orders report indicated a 5.2% decrease. The number was not positive in itself, posting its worst reading since January 2009. However, it was better-than-feared as expectations called for... Read More
Equities got off to a slow start as the major averages showed indecision in the early going. After chopping around the flat line during the first hour of trade, the key indices reached their session highs at the midway point. Unable to hold those levels, stocks returned to the middle... Read More
The major averages got off to a strong start, but the bullish bias faded shortly after the open. Headlines out of Europe provided another risk-off signal as reports suggested that a Spanish aid request is not imminent. After marking their session highs during the first five minutes of trade, the... Read More
Today’s session began with an extension of the bullish sentiment observed in overseas action. Following a higher open, U.S. equities got an additional boost from the ISM Index which was reported at 51.5 against the expectations of a 49.7 reading. After rallying to session highs, the Dow held the... Read More
Equities stumbled out of the gate before the September Chicago PMI added to the risk-off sentiment. The survey revealed a contractionary reading of 49.7, while expectations called for the number to be closer to 52.9. After marking session lows, equities remained near the bottom of the range until the... Read More
Equities got off to a strong start despite a string of negative economic data. The third estimate of second quarter GDP indicated growth of 1.3% which was well below the prior reading of 1.7%. Elsewhere, durable goods orders also showed notable weakness as new orders declined by 13.2% during... Read More
Equities began today’s session on a down note after Spain and the country’s fiscal struggles were put back in the spotlight. The major indices marked session lows during the first hour before reversing and attempting a return to the unchanged line. However, due to the lack of a catalyst, the... Read More
Equities began today’s session slightly higher before receiving an additional boost from positive consumer confidence data. Despite the upbeat data, stocks were unable to maintain the bullish tone as the major averages slipped into negative territory around midday. Stocks then extended their slide which also coincided with weakness in crude... Read More
Stocks began the week on a down note after Germany’s Ifo Business Climate Index missed expectations. The major averages marked their session lows during the opening minutes before setting on a day-long climb towards the unchanged line. Due to weakness in Apple, the tech-heavy Nasdaq underperformed with a loss of... Read More
Equities began the session on a higher note as quadruple witching contributed to a volume surge at the start. However, after reaching session highs within the first few minutes of trade, the major averages spent the rest of the day drifting towards the unchanged line. As a result the S&P... Read More
Stocks got off to a slow start after bearish data from around the world overshadowed investor optimism. Japan reported a wider-than-expected trade deficit while the French and Eurozone PMI readings were well short of expectations. Domestically, the weekly initial claims exceeded expectations. After marking session lows thirty minutes into... Read More
Equities began today’s session on a slightly higher note after the Bank of Japan raised its asset purchase target in an attempt to inject additional liquidity into the market and to weaken the yen. Stocks were also boosted slightly by positive economic data which indicated an uptick in existing home... Read More
Today’s session was mostly uneventful as equities remained near their opening levels throughout the day. The major averages showed some divergence as the S&P 500 shed 0.2% while the Dow added 0.1%. Stocks within the consumer staples sector were the top performer of the day. Within the group, Energizer (span... Read More
Stocks began today’s session on a negative note after the September Empire Manufacturing Survey registered its worst reading since April 2009. The bearish sentiment was then extended as unfounded rumors of tapping into the strategic petroleum reserve sent the major averages to fresh session lows. As a result, the S&P... Read More
Today’s session started on a positive note as stocks appeared poised for a second day of broad post-FOMC gains. However, the major averages marked their respective session highs during the first hour of trade and headed lower since. The Nasdaq was able to outperform as it held the bulk... Read More
Today’s session was highlighted by a risk rally sparked by the Federal Reserve’s decision to increase policy accommodations by purchasing additional agency mortgage-backed securities at a pace of $40 billion per month. The program is open-ended by design, which allows the Federal Reserve to terminate it once the employment... Read More
Stocks started the day higher but were only able to hold a portion of their gains in a session which saw two pullbacks to the unchanged line. After spending most of the day in the black, the S&P 500 ended higher by 0.2%. Telecoms were broadly higher as indicated by... Read More
Equities were broadly higher throughout the day before late afternoon selling sent the Nasdaq into negative territory. The dip also pushed the other indices lower, but they were able to hold most of their gains. The Dow finished higher by 0.5% while the Nasdaq ended flat. The energy sector was... Read More
Following a mostly uneventful, range-bound trading day, equities saw a late afternoon push to session lows. The major averages saw a notable divergence as the Dow slipped 0.4% while the S&P 500 and Nasdaq slid 0.6% and 1.0%, respectively. The Dow Jones Transportation Average outperformed the broader market as most... Read More
Stocks got off to a mixed start after this morning’s jobs data proved to be a disappointment. The anemic numbers turned into yet another argument in favor of additional easing while lower guidance from a technology bellwether contributed to a divergence in the major averages. The S&P 500 finished higher... Read More
U.S. stocks rallied Thursday after European Central Bank President Mario Draghi said policy makers had agreed to unlimited bond purchases to get the upper hand on the region’s debt crisis. The Dow Jones Industrial Average surged 137 points to 13,185. The S&P 500 index rose 14 points to 1,417. The... Read More
U.S. stocks wavered lower Wednesday as global-growth concerns competed with optimism about the European Central Bank’s bond-buying plan after Bloomberg News reported the proposal would involve unlimited purchases. “If the ECB can address the dysfunction in the bond market, it’s a good step,” said John Canally, an investment strategist... Read More
U.S. equity futures are pointing to a modestly lower start to the session, following lowered guidance from FedEx (FDX 85.05, -2.49) and mixed trading overseas. S&P futures are currently down 0.4%. Overnight, Asian markets finished in the red, while European indices are mixed. The Asian markets were faced with... Read More
U.S. stocks opened sharply higher Friday as investors looked to a speech by Federal Reserve Chairman Ben Bernanke and more definitive action from the European Central Bank next week. “We’ll see how many investors still expect something from the Fed. Clearly things are not good here, but they’re not bad.... Read More
U.S. stocks tallied steep declines Thursday after a report had economic confidence in the euro area sliding to a three-year low and Japan’s retail sales fell in July. Strategist also said investors could be setting themselves up for a fall ahead of Federal Reserve Chairman Ben Bernanke’s speech Friday in... Read More
U.S. stocks opened higher Wednesday after the government hiked its estimate of how the economy performed and investors looked to Federal Reserve Ben Bernanke’s speech. “It is like a car travelling at 17 miles per hour in a 55 mile-per-hour speed zone,” Fred Dickson, chief investment strategist at Davidson Companies,... Read More
U.S. stocks started Tuesday with modest losses as an upbeat report on the U.S. housing market failed to override concern about Europe’s debt troubles. The Dow Jones Industrial Average fell 22 points to 13,101. The S&P 500 index shed 2 points to 1,407. The Nasdaq Composite retreated 5 points to... Read More
U.S. stocks mostly climbed Monday as Apple gained in the wake of a $1 billion jury ruling in its favor. The Dow Jones Industrial Average fell 13 points to 13,144. The S&P 500 index gained nearly a point to 1,412.. The Nasdaq Composite added 7 points to 3,077. The rich... Read More
U.S. stocks open mildly lower Friday, with the Dow industrials and the S&P 500 positioned for their first weekly drop in seven, on worry about Europe’s handling of its debt crisis. “It’s been a bad week for markets. It’s a very-little volume reaction to some nice weeks of a rally.... Read More
U.S. stocks started lower Thursday after the government reported the number of those applying for jobless benefits rose more than estimated last week. The Dow Jones Industrial Average fell 54 points to 13,118. The S&P 500 index dipped 5 points to 1,407. The Nasdaq Composite declined 13 points to 3,060.... Read More
U.S. stocks began moderately lower Wednesday, extending losses into a second session after a run that had the indexes at multi-year highs. “We’re pushing up at levels now where a bit of a pullback is in our near future, the question is how severe,” said Andrew Fitzpatrick, director of investments... Read More
U.S. stocks rose Tuesday on optimism that euro-zone leaders would take steps this week to contain the region’s debt crisis. The Dow Jones Industrial Average rose 11 points to 13,283. The S&P 500 index gained 3 points to 1,421. The Nasdaq Composite added 13 points to 3,090. Up, up, and... Read More
U.S. stocks began in a modest retreat Monday after capping off another winning week that brought the S&P 500 index within reach of a four-year high. The Dow Jones Industrial Average fell 22 points to 13,252. The S&P 500 declined 2 points to 1,415. The Nasdaq Composite shed 5 points... Read More
US stock futures are completely flat today. Futures on the Dow Jones Industrial Average are down 2 points to 13,223 and those on the S&P 500 index dropped 0.70 points to 1,412. Nasdaq-100 futures were bucking the trend up 6 points to 2,769. US consumer sentiment will be released at... Read More
US stock futures maintained modest gains premarket. Holding these small gains is good considering data showed a slight rise in weekly jobless claims and a decline in housing starts in July. First-time claims for state unemployment benefits rose in the latest week, the Labor Department reported Thursday. The number of... Read More
US stocks opened flat today after a release of the consumer price index. U.S. consumer prices were unchanged in July, as lower energy prices offset gains in food and other items. The core consumer price index rose 0.1%. In June overall consumer prices were unchanged, while the core gauge rose... Read More
U.S. stock futures extended gains on Tuesday after data showed that retail sales rose 0.8% to a seasonally adjusted $403.9 billion in July, posting the biggest gain since February. Another factor pushing the futures higher was a positive poll regarding investor confidence. Investor confidence in the global economic outlook in... Read More
U.S. stocks started slightly lower Monday after concerns about Asian economic growth took some air out of the benchmark indexes’ extended weekly winning streak. The Dow Jones Industrial Average fell 39 points to 13,169. The Nasdaq Composite dropped 3 points to 3,018. The S&P 500 fell 3 points to 1,403.... Read More
U.S. stocks began lower on Friday, denting weekly gains and the S&P 500 index’s five-session winning streak. “We’re just reacting to China data,” Peter Boockvar, equity strategist at Miller Tabak, said of disappointing Chinese trade data. The Dow Jones Industrial Average fell 64 points to 13,100. The S&P 500 index... Read More
U.S. stocks began Thursday near flat, with investors finding little motivation to move in either direction after extended gains. “Earnings season is for the most part behind us, and like the rest of America, you’ve got Congress on vacation, the European Central Bank is on vacation, and the Fed doesn’t... Read More
U.S. stocks began lower on Wednesday, with investors sidelined after a three-session win streak. “It appears this week’s three-day global stock market rally is running out of steam,” emailed Fred Dickson, chief investment strategist at Davidson Cos. The Dow Jones Industrial Average fell 41 points to 13,127 with weakness in... Read More
U.S. stocks started higher Tuesday, with the S&P 500 index surpassing 1,400 for the first time in three months, as quarterly earnings keep coming in better than expected. The Dow Jones Industrial Average added 54 points to 13,171. The S&P 500 index rose 6 points to 1,400. The Nasdaq Composite... Read More
U.S. stocks began higher Monday, extending the prior week’s gains, on better-than-anticipated corporate earnings and as worry diminished about Europe’s debt trouble. The Dow Jones Industrial Average rose 54 points to 13,151. The S&P 500 index climbed 5 points to 1,396. The Nasdaq Composite rose 11 points to 2,979. Thanks... Read More
U.S. stocks started sharply ahead on Friday, shaving weekly losses, after the July nonfarm payrolls report proved better than expected, even as the unemployment rate rose to 8.3%. Market analysts also pointed to speculation that Spain would soon make a formal request for aid, with that nation’s 10-year government yields... Read More
U.S. stocks began Thursday in a steep decline as European Central Bank President Mario Draghi failed to deliver hoped for action to address Europe’s debt crisis. “He essentially came out last week and put his reputation on the line by promising they’ll do whatever it takes, and he failed on... Read More
U.S. stocks began higher Wednesday with the Federal Reserve viewed as likely to leave the door open to further stimulus when it releases its policy decision in the afternoon. The Dow Jones Industrial Average rose 50 points to 13,058. The S&P 500 index climbed 3 points to 1,383. The Nasdaq... Read More
U.S. stocks began mainly lower Tuesday after reports that the German Finance Ministry said it did not see any need to give the European Stability Mechanism a bank license. “The Germans want the big bazooka kept on the sidelines,” Peter Boockvar, equity strategist at Miller Tabak, emailed. The Dow Jones... Read More
U.S. stocks on Monday began by wavering between tepid gains and losses, with investors hesitant after a two-session surge ahead of anticipated central-bank talk in the days ahead. The Dow Jones Industrial Average dipped 2 points to 13,073. The S&P 500 index lost half a point to 1,385. The Nasdaq... Read More
U.S. stocks opened higher on Friday, with the S&P 500 index joining the Dow Industrials in positive turf for the week, after the leaders of Germany and France pledged to protect the euro zone. The Dow Jones Industrial Average rose 45 points to 12,933. The S&P 500 index climbed 5... Read More
U.S. stocks on Thursday opened with sizeable gains thanks in large part to comments from European Central Bank President Mario Draghi vowing to preserve the euro. The Dow Jones Industrial Average jumped 233 points, or 1.9%, to 12,909. The S&P 500 index rose 22 points, or 1.7%, to 1,360.... Read More
U.S. stocks began higher Wednesday after a three-day losing stretch as Caterpillar and Boeing hiked their outlooks. The Dow Jones Industrial Average added 95 points to 12,713. The S&P 500 added 3 points to 1,342. The Nasdaq Composite advanced 2 points to 2,865. The earnings keep flooding in. Apple is... Read More
U.S. stocks reversed early gains Tuesday as stronger Chinese manufacturing data vied with a worsening in sentiment about Europe, and as investors traded cautiously before some key earnings reports. The Dow Jones Industrial Average dropped an initial 32 points to 12,689. By Monday’s close, the index had booked its first... Read More
U.S. stocks opened with a thud on Monday as investors, while demand for safe-havens like the U.S. dollar and Treasuries jumped, on fears Greece was again on the cusp of default and as Spanish bond yields soared. The Dow Jones Industrial Average dropped 220 points, or 1.8%, to 12,598. The... Read More
U.S. stocks opened sharply lower Friday, on track to break three days of gains, even as earnings from the likes of General Electric and Microsoft continue to come in better than expected. The Dow Jones Industrial Average fell 80 points to 12,867, led by a 1.5% pullback in Bank of... Read More
U.S. stocks opened higher on Thursday, led by the technology sector and strong results from International Business Machines. Investors are also awaiting several economic reports later in the morning. The Dow Jones Industrial Average rose 33 points, or 0.3%, to 12,943, with IBM shares up 3.5%. The S&P 500... Read More
The stock market showed continued resilience yesterday, recouping early losses to finish with a 0.7% gain. Stocks initially showed some disappointment around Fed Chairman Bernanke’s prepared remarks, which didn’t offer any new hints toward additional Quantitative Easing, but the market began to rebound mid-way through the Fed Chairman’s testimony. It... Read More
U.S. stock indexes rise modestly on Tuesday’s start, with Goldman Sachs and many other firms reporting better than expected earnings. Investors will also be awaiting the Federal Reserve Chairman Ben Bernanke testimony to Congress at 10 o’clock. The Dow Jones Industrial Average rose 61 points to 12,788. The S&P 500... Read More
U.S. retreated Monday after the prior session’s rally after data illustrating U.S. retail sales in June fell for a third month. The Dow Jones Industrial Average shed 53 points to 12,724. The S&P 500 index declined 4 points to 1,352. The Nasdaq Composite fell 9 points to 2,897. A quiet... Read More
Triskaidekaphobia or the fear of the number 13 doesn’t seem to be bothering the broader market on this Friday the 13th. U.S. stocks opened higher on Friday, rebounding from the market’s longest decline since May, after U.S. and Chinese economic data coupled with earnings reports came in better than... Read More
U.S. stocks began another down session Thursday, with better-than-expected weekly data on U.S. jobless claims failing to offset worries about the global growth. The report from the Labor Department is “certainly good news and again confirms the muddle-through scenario, the slow-growth scenario for the United States,” said Jim Russell, chief... Read More
U.S. stocks began Wednesday with mild losses, with the S&P 500 flirting with a fifth down session, as Wall Street looked to minutes from last month’s Federal Reserve meeting for hints of more stimulus. The Dow Jones Industrial Average shed 26 points to 12,626. The S&P 500 fell half a... Read More
U.S. stocks opened sharply higher on Tuesday, rebounding after a three-session losing streak, after European officials moved to bolster Spanish banks and upbeat factory data from Britain and Italy. The Dow Jones Industrial Average rose 89 points to 12,825. The S&P 500 Index added 8 points to 1,361. The Nasdaq... Read More
U.S. stocks tilted mostly down Monday as Spanish yields move higher once again. The Dow Jones Industrial Average fell 27 points to 12,745. The S&P 500 slipped 2 points to 1,352. The Nasdaq Composite rose a fraction to 2,937. Earnings season starts tonight with Alcoa , but once again the... Read More
U.S. stocks opened lower on Friday as jobs data disappointed investors and reaffirmed concerns that the economy is losing momentum. The Dow Jones Industrial Average dropped 110 points to 12,786. The S&P 500 index declined 11 points to 1,356.6 while the Nasdaq Composite declined 20 points to 2,955. The losses... Read More
U.S. stocks opened lower on Thursday, while the dollar rallied after the president of the European Central Bank said downside risks to the euro-area growth outlook have materialized. The news seemed to overshadow positive U.S. economic data out earlier this morning. The Dow Jones Industrial Average dropped 72 points to... Read More
U.S. stocks opened slightly lower on Tuesday in a pre-holiday shortened session, as investors awaited data on factory orders for more clues on the health of the nation’s economy. The Dow Jones Industrial Average fell 11 points to 12,859. The S&P 500 index dropped nearly a point to 1,364 while... Read More
July 2, 2012 Stocks on Wall Street opened slightly lower on Monday after the previous session’s rally as investors awaited U.S. data on the manufacturing sector. The Dow Jones Industrial Average fell 19 points to 12,862 while and the S&P 500 index slipped a point to 1,360. The Nasdaq Composite... Read More
U.S. stocks on Friday began sharply higher after European Union leaders agreed to moves intended to bolster the economies of the region’s more troubled nations. The Dow Jones Industrial Average rose 175 points, or 1.4%, to 12,777. The S&P 500 added 20 points, or 1.5%, to 1,349. The Nasdaq Composite... Read More
U.S. stocks opened sharply lower Thursday, retreating after two days of gains, ahead of a U.S. Supreme Court ruling on the Affordable Care Act and the start of a summit of European leaders. The Dow Jones Industrial Average fell 103 points to 12,524, with J.P. Morgan Chase off 3.6% on... Read More
U.S. stocks opened higher Wednesday, extending gains into a second day, ahead of a report on the housing market, which recently has shown hopeful signs. The Dow Jones Industrial Average rose 41 points to 12,575. The S&P 500 added 6 points to 1,326. The Nasdaq Composite climbed 16 points to... Read More
U.S. stocks began Tuesday with mild gains ahead of a report on consumer confidence and after better-than-expected data on U.S. home prices. The Dow Jones Industrial Average rose 19 points to 12,522. The S&P 500 Index rose 3 points to 1,317. The Nasdaq Composite added 11 points to 2,847. A... Read More
U.S. stocks opened sharply lower Monday, with Wall Street pessimism growing on prospects of concrete results from a meeting of European leaders later in the week. A Supreme Court ruling on 2010’s Affordable Care Act is also expected this week. The Dow Jones Industrial Average fell 144 points, or 1.1%,... Read More
U.S. stocks opened higher on Friday, shaving weekly losses, after the European Central Bank said it would take further steps to ease loans collateral for banks. The Dow Jones Industrial Average rose 44 points to 12,618. The S&P 500 climbed 4 points to 1,329. The Nasdaq Composite rose 10 points... Read More
U.S. stocks opened near flat Thursday after Spain sold more debt than anticipated and weekly claims for jobless benefits illustrating the tepid U.S. labor market. The Dow Jones Industrial Average rose 13 points to 12,837. The S&P 500 index fell nearly a point to 1,354. The Nasdaq Composite fell 6... Read More
U.S. stocks opened mildly lower Wednesday, with the S&P 500 index pausing after a four-session winning run, as investors looked to a policy decision from the Federal Reserve later in the day. The Dow Jones Industrial Average fell 15 points to 12,821. The S&P 500 shed a point to 1,356.... Read More
It was a volatile day in the market today. All indices opened up lower, rallied mid-day to get in to positive territory, crashed coming into the close, then gave a last ditch effort upward, but not enough to close positive. The Dow closed down 77.42 points, the S&P down 9.30... Read More
U.S. stocks opened modestly ahead Tuesday with volatility expected to continue as Wall Street tracked developments related to the European financial crisis. Making a mild comeback after the prior day’s sharp drop, the Dow Jones Industrial Average rose 22 points to 12,432. The S&P 500 added a point to 1,310.... Read More
U.S. stocks gained Monday, extending Wall Street’s best weekly performance this year, as investors applauded Spain’s request for financial aid for its banks. “Financial markets this week may take some comfort in the announcement of European support for Spanish banks. While this aid has little chance of stimulating Spain’s deeply... Read More
U.S. stocks opened lower on Friday as economic reports from Europe furthered concern about the global economy. The Dow Jones Industrial Average fell 44 points to 12,416. The S&P 500 declined 5 points to 1,309. The Nasdaq Composite shed 12 points to 2,818. A quiet day to end the week.... Read More
U.S. stocks opened with strong gains Thursday after China cut interest rates for the first time since 2008, furthering hope for additional moves by global central banks, including the Federal Reserve. The Dow Jones Industrial Average rose 122 points, or 1%, to 12,537. The S&P 500 climbed 12 points, or... Read More
U.S. stocks opened sharply higher on Wednesday, lifting the Dow Jones Industrial Average back into positive territory for the year, as pressure mounted on policy makers to come up with additional stimulus. The European Central Bank left its benchmark interest rate at 1% and ECB President Mario Draghi told... Read More
U.S. stocks opened modestly lower Tuesday, with the Dow industrials extending losses into a fifth session, after finance ministers from the Group of Seven industrialized powers conferred by phone. The telephone session comes ahead of a European Central Bank policy meeting Wednesday. The Dow Jones Industrial Average fell 10 points... Read More
U.S. stocks nosed higher to start Monday trading, getting a lift from reports European leaders were moving closer to some sort of bailout for Spain’s fragile banking system, but hemmed in by weak Chinese services sector activity and Friday’s disappointing U.S. jobs report. The Dow Jones Industrial Average rose15 points... Read More
U.S. stocks started with more than 1% losses on Friday after a report estimating far lower-than-expected jobs growth in May, following weak Europe and Chinese manufacturing data, added to concerns about global growth. The Dow Jones Industrial Average fell 142 points, or 1.2%, to 12,256, with all but one component... Read More
U.S. stocks were steady at Thursday’s start, with the benchmark indexes ready to close out May with losses of 6% or more. “We continue to view the equity market as problematic, but not on a cliff facing a huge free fall,” noted Fred Dickson, chief investment strategist at Davidson Cos.... Read More
U.S. stocks opened sharply lower on Wednesday on worries of a potential Greek exit from the euro and as Spain’s default risk climbed as it attempts to recapitalize its banks. The Dow Jones Industrial Average fell 122 points, or 1%, to 12,457. The S&P 500 shed 14 points, or 1.1%,... Read More
U.S. stocks opened with strong gains on Tuesday with news out of Europe pointing toward a possibility of Greece staying in the EU. The Dow Jones Industrial Average rallied 88 points to 12,543, with all of its 30 components trading higher. The S&P 500 index gained 9 points to 1,326.... Read More
U.S. stocks tallied slight losses Friday with Wall Street on shaky ground ahead of consumer-confidence data and on European uncertainty ahead of the long U.S. holiday weekend. The Dow Jones Industrial Average fell 24 points to 12,505. The S&P 500 Index rose a point to 1,322. The Nasdaq... Read More
U.S. stocks edged mostly lower Thursday, with Hewlett-Packard rallying a day after the personal-computer company said it would cut about 8% of its workforce over the next couple of years. The Dow Jones Industrial Average fell 19 points to 12,476. The S&P 500 Index fell a fraction to 1,318. The... Read More
U.S. stocks began sharply lower on Wednesday, echoing a slide in equities around the globe, on intensifying concern Greece could exit the euro and as the region’s leaders gathered in Brussels. The Dow Jones Industrial Average fell 87 points to 12,415. The S&P 500 declined 8 points to 1,307. The... Read More
U.S. stocks held near steady Tuesday after opening slightly higher on thinking China and Europe might move to stimulate global economic growth. The Dow Jones Industrial Average erased gains to fall 15 points to 12,489. The S&P 500 added more than a point to 1,317. The Nasdaq Composite fell a... Read More
U.S. stocks started mildly higher on Monday, with Wall Street attempting to bounce back from the worst week of the year. The Dow industrials rose 40 points to 12,409. The S&P 500 Index added 5 points to 1,300. The Nasdaq Composite rose 11 points to 2,790. The broader market looks... Read More
U.S. stocks opened with limited gains Friday as the market attempted to bounce back from its week of losses, with shares of Facebook to begin trading on the Nasdaq in about an hour. The Dow industrials rose 7 points to 12,449. The S&P 500 added 2 points to 1,306.... Read More
U.S. stocks quickly erased opening gains Thursday as better-than-expected results from Wal-Mart Stores and others failed to assuage investors worried about the ongoing crisis in Europe. The Dow Jones Industrial Average fell 18 points to 12,579. The S&P 500 Index shed nearly 2 points to 1,322. The Nasdaq Composite declined... Read More
U.S. stocks began with modest gains Wednesday after economic reports yielded better-than-anticipated results on U.S. industrial production and the housing industry. The Dow Jones Industrial Average rose 37 points to 12,669. The S&P 500 climbed 5 points to 1,336. The Nasdaq Composite advanced 9 points to 2,903. Weakness overseas, particularly... Read More
U.S. stocks struggled into positive terrain after a wobbly start on Tuesday after a gauge of manufacturing in the New York region rebounded in May, but investors also contended with reports of another breakdown in attempts to form a coalition government in Greece. The Dow Jones Industrial Average rose 11... Read More
U.S. stocks opened sharply lower Monday as investors worried about Greece’s potential exit from the euro zone and rising Spanish and Italian bond yields. “The cost of insuring against a Spanish default is now more expensive than for Hungary,” emailed Peter Boockvar, equity strategist at Miller Tabak. The Dow Jones... Read More
U.S. stocks opened lower Friday, with large banks leading the losses after J.P. Morgan Chase reported a $2 billion trading loss. The bank’s CEO, Jamie Dimon, called the losses “self inflicted” in revealing them late Thursday. The Dow Jones Industrial Average fell 67 points to 12,787, with J.P. Morgan... Read More
JP Morgan Chase NYSE Symbol: JPM Industry: Financials Price as of 5/11: $36.96 “Sell in May and go away,” is in full swing as the major averages are down 3% for the month. The weakness is coming from overseas, particularly Europe. Back here in the US, the sectors... Read More
U.S. stocks opened higher Thursday after the government said jobless claims dipped last week, signaling companies could pick up the pace of hiring in May. The Dow Jones Industrial Average rose 64 points to 12,900. The S&P 500 added 9 points to 1,364. The Nasdaq Composite gained 9 points to... Read More
U.S. stocks began Wednesday in retreat, with the benchmark indexes sliding more than 1% on concern about Europe’s sovereign-debt crisis, and rising borrowing costs in Spain and Italy. “People are fearful of the unknown, and nobody fully understands what could develop,” Bob Pavlik, chief market strategist at Banyan Partners, said... Read More
U.S. stocks opened lower Tuesday as Greece’s struggle to form a government intensified worry about the region’s debt. The Dow Jones Industrial Average fell 95 points to 12,913. McDonalds is one of the weaker components due to comments about slower sales. The S&P 500 retreated 10 points to 1,359. The... Read More
U.S. stocks started with losses Monday following weakness in Asia overnight and elections in France and Greece that added more uncertainty to euro-zone efforts to grapple with sovereign debt. The Dow Jones Industrial Average fell 48 points to 12,990. The S&P 500 Index lost 2 points to 1,366. The Nasdaq... Read More
U.S. stocks opened with losses Friday after April’s job gains proved less than expected. An upward revision to the prior month and a decline in the jobless rate failed to keep losses in check. The jobs report was “a little disappointing, but I don’t put a tremendous amount of credence... Read More
U.S. stocks wobbled lower Thursday with concern about Europe overtaking cheer that came with domestic data, which had a better-than-expected report on the labor front. The Dow Jones Industrial Average retreated 9 points to 12,258. The S&P 500 Index fell a point to 1,401. The Nasdaq Composite dropped 5 points... Read More
U.S. stocks opened lower on Wednesday after the ADP private-payrolls data left Wall Street less optimistic about Friday’s nonfarm payrolls report from the Labor Department. The Dow Jones Industrial Average fell 49 points to 13,229. The S&P 500 declined 7 points to 1,398. The Nasdaq Composite shed 10 points... Read More
U.S. stocks on Tuesday started a new month with tentative losses ahead of data that could illustrate U.S. manufacturing expanded at a slower pace for April. “Earnings are the key market support, but investors are unwilling to pay for future earnings when the economic and political climate is so cloudy.... Read More
U.S. stocks dipped mildly to start the last day of April as economic data has been rather disappointing of late. News out of Europe that Spain has fallen into a recession isn’t helping. The Dow Jones Industrial Average opened lower by 4 points at 13,223. The S&P 500 retreated 3... Read More
U.S. stocks started with gains Friday as investors cheered results from corporations including Amazon.com and Ford Motor. Stocks maintained gains after the Commerce Department said the economy expanded less than estimated in the first quarter. The Dow Jones Industrial Average climbed 26 points to 13,231. The S&P 500 rose 3... Read More
U.S. stocks opened sharply higher Wednesday as Apple’s blow-out quarter lifted the Nasdaq above the 3,000 level. The Dow Jones Industrial Average rose 71 points to 13,073. The S&P 500 advanced 13 points, or 1%, to 1,385. The Nasdaq Composite surged 52 points, or 1.8%, to 3,014. It’s all about... Read More
U.S. stocks opened mostly higher Tuesday as investors considered solid earnings from companies including Dow component 3M but took a caution stance ahead of additional economic data on consumer confidence and home sales. The Dow Jones Industrial rose 34 points to 12,961. The S&P 500 inched up a point to... Read More
U.S. stocks declined sharply Monday as political uncertainty in Europe cast doubt on the region’s ability to deal with its debt crisis and after cereal-maker Kellogg cut its 2012 forecast. The Dow Jones Industrial Average fell 122 points to 12,906. The S&P 500 declined 14 points, or 1.1%, to 1,363.... Read More
U.S. stocks began Friday with strong gains on better-than-expected quarterly results from corporations including General Electric and Microsoft. The Dow Jones Industrial Average added 84 points to 13,048. The S&P 500 rose 7 points to 1,383. The Nasdaq Composite advanced 12 points to 3,020. One thing is for sure the... Read More
U.S. stocks opened mildly lower on Thursday following a flood of earnings and jobless claims data that disappointed for a second week. The Dow Jones Industrial Average fell 20 points to 13,012. The S&P 500 Index shed 2 points to 1,382. The Nasdaq Composite declined 2 points to 3,029. In... Read More
U.S. stocks started lower Wednesday as investors voiced disappointment with quarterly results from technology bellwethers Intel and International Business Machines. The Dow Jones Industrial Average retreated 65 points to 13,050, with Intel and IBM down the most among its 30 components. The S&P 500 shed 5 points to 1,385... Read More
U.S. stocks began sharply ahead Tuesday as improved demand at a Spanish bond auction offset concern about Europe’s debt trouble. The Dow Jones Industrial Average rose 121 points, or 1%, to 13,043. The S&P 500 climbed 10 points to 1,380. The Nasdaq Composite gained 23 points to 3,012. The earnings... Read More
U.S. stocks leapt sharply higher Monday after March retail sales topped expectations, bolstering confidence in the recovery. The Dow Jones Industrial Average rose 124 points to 12,973. The S&P 500 Index added 9 points to 1,379. The Nasdaq Composite climbed 13 points to 3,024. The news overseas wasn’t particularly good,... Read More
U.S. stocks started lower on Friday, retreating after the S&P 500’s best two-day rise so far this year, as investors pondered a report showing slower-than-expected growth in China. The Dow Jones Industrial Average shed 59 points to 12,927. The S&P 500 lost 6 points to 1,381. The Nasdaq Composite fell... Read More
U.S. stocks opened modestly higher on Thursday as investors considered an unexpected rise in jobless claims last week. “This jobs number, combined with last Friday’s disappointing employment report, may spark increasing concern regardling the pace of the ongoing U.S. economic expansion,” said Fred Dickson, chief investment strategist at Davidson Cos.... Read More
U.S. stocks opened sharply higher Wednesday after five straight down days as investors find cheer in an unexpected first-quarter profit from aluminum producer Alcoa. The Dow Jones Industrial Average added 104 points to 12,822. The S&P 500 gained 14 points to 1,372. The Nasdaq Composite added 26 points to 3,018. Alcoa... Read More
U.S. stocks opened slightly negative on Tuesday, unable to shake off the prior session’s steep losses following weakness overseas once again. Three regional Federal Reserve presidents will be speaking today which may cause some more market volatility. The Dow Jones Industrial Average opened down 15 points to 12,915. The Standard... Read More
U.S. stocks opened sharply lower on Monday as investors got their first chance to react to the March nonfarm payrolls report, which had employers adding fewer jobs than expected. The U.S. Labor Department on Friday said American companies added 120,000 jobs last month, with the number under 200,000 for the... Read More
U.S. stocks opened lower Thursday, following yesterdays declines which included the worst session of the year for the Nasdaq. The fall came as a decline in Spanish bond yields furthered worries about Europe’s ability to stem its debt crisis. China was the lone stand out this morning, rallying nearly 2%... Read More
U.S. stocks opened with steep declines Wednesday after another upbeat report on the American labor market failed to curb concerns about Europe, highlighted by a disappointing Spanish bond auction. The Dow Jones Industrial Average fell 121 points to 13,077. The S&P 500 declined 11 points to 1,401. The Nasdaq Composite... Read More
U.S. stocks began mostly lower on Tuesday ahead of a Commerce Department report on factory orders in February and the Fed comments out this afternoon. The Dow Jones Industrial Average fell 12 points to 13,251. The S&P 500 Index dipped 2 points to 1,417. The Nasdaq Composite gained 5 points... Read More
U.S. stocks opened mildly lower on Monday, the first trading day of the second quarter, after capping a stellar start to the year that has the S&P 500 up 12% for the first three months. The benchmark indexes took a cautious stance ahead of the Institute for Supply Management’s factory... Read More
U.S. stocks began with gains Friday, with the S&P 500 readying to notch its largest first-quarter advance in more than a decade, after data had U.S. purchases up more than expected in February. The Dow Jones Industrial Average rose 42 points to 13,188. The S&P 500 climbed 4 points to... Read More
U.S. stocks decline once again following weakness overseas and disappointing jobless claims numbers. The Dow Jones Industrial Average fell 59 points to 13,066. The S&P 500 Index declined 7 points to 1,397. The Nasdaq Composite lost 15 points to 3,089. The profit-taking continues into quarter end. The energy, materials, and... Read More
U.S. stocks opened nearly flat Wednesday following weakness overseas and a lower than expected durable goods order this morning. The Dow Jones Industrial Average rose 11 points to 13,208. The S&P 500 Index climbed nearly a point to 1,413. The Nasdaq Composite advanced 8 points to 3,128. Once again tech... Read More
U.S. futures are showing modest gains this morning (S&P futures +2, DJ futures +28), as Europe fluctuates just below the flat line and following weakness in Asia. Overnight in Asia, a selloff in China led the way lower for other Asian markets, with the Shanghai Composite following 2.7%. The drop in... Read More
U.S. stocks began Tuesday with mild gains following the third best day of the year yesterday. The Dow Jones Industrial Average gained 6 points to 13,247. The S&P 500 rose nearly a point to 1,417. The Nasdaq Composite added nearly a point to 3,123. On the earnings front, Lennar is... Read More
U.S. stocks opened higher on Monday as Germany’s chancellor signaled she may be open to boosting the euro-zone financial firewall while Federal Reserve Chairman Ben Bernanke said faster growth will be required to reduce unemployment further. The Dow Jones Industrial Average advanced 89 points to 13,171. The S&P 500 Index... Read More
U.S. stocks began virtually flat Friday, with the Dow Jones Industrial Average and the S&P 500 positioned for their largest weekly decline this year. The Dow Industrials dropped 13 points to 13,032. The S&P 500 fell half a point to 1,392. The Nasdaq Composite inched up to 3,063. On the... Read More
U.S. stocks started with declines Thursday, with the S&P 500 extending losses into a third session, after economic reports showing contractions in manufacturing in Europe and China. The Dow Jones Industrial Average fell 56 points to 13,069. The S&P 500 Index shed 7 points to 1,396. The Nasdaq Composite declined... Read More
U.S. stocks wavered Wednesday due on part to quiet markets overseas and limited news before the bell. The Dow Jones Industrial Average rose 10 points to 13,181. The S&P 500 Index added a point to 1,406. The Nasdaq Composite rose 6 points to 3,080. Another day another new high for... Read More
U.S. stocks opened lower on Tuesday, with the S&P 500 retreating after a three-session rise, on signals China’s economy is slowing. The Dow Jones Industrial Average fell 77 points to 13,162. The S&P 500 Index declined 8 points to 1,400. The Nasdaq Composite shed 21 points to 3,056. No matter... Read More
Futures are pointing lower amid weakness in overseas markets. S&P futures are -7, DJ futures are -55. Asian stocks led the way lower overnight, with the biggest declines taking place in China (Shanghai -1.4%, Hang Seng -1.1%, Nikkei CLOSED). The weakness in China has been attributed to numerous factors. First,... Read More
U.S. stocks began mildly lower Monday following last week’s advance to near four-year highs as Apple disclosed this morning they will start paying a dividend and buying back stock. The Dow Jones Industrial Average fell 18 points to 13,214. The S&P 500 Index shed a point to 1,403. The Nasdaq... Read More
WRAPX S&P futures vs fair value: +2.30. Nasdaq futures vs fair value: +7.50. In the wake of a recent dose of data stock futures have edged higher, but the dollar has drifted lower. Consumer prices increased by 0.4% during February, exactly as had been expected, on average, among... Read More
08:40 WRAPX S&P futures vs fair value: +3.90. Nasdaq futures vs fair value: +8.80. Stock futures have maintained a modest lead over fair value following a substantial dose of data. Initial jobless claims for the week ended March 10 totaled 351,000, which is down 14,000 week over... Read More
U.S. stocks began modestly higher Wednesday following a crazy Tuesday as the major averages had their best day of the year closing at new highs. The Dow Jones Industrial Average rose 15 points to 13,193. The S&P 500 opened unchanged at 1,395. The Nasdaq Composite rose 3 points to 3,042.... Read More
U.S. stocks opened higher on Tuesday after the government reported retail sales hit a five-month high in February. The Dow Jones Industrial Average rose 45 points to 13,005. The S&P 500 Index climbed 7 points to 1,378. The Nasdaq Composite climbed 19 points to 3,003. The news is all... Read More
U.S. stocks gained Monday after opening nearly unchanged as Europe readied to seal Greece ‘s rescue package and after China reported a large monthly trade deficit. The Dow Jones Industrial Average rose 29 points to 12,951. The S&P 500 Index rose a point to 1,372. The Nasdaq Composite climbed... Read More
U.S. stocks opened higher Friday, extending gains into a third session, after the government reported the U.S. economy added more jobs than expected in February, raising optimism about the recovery while also celebrating the third anniversary of the bear market low. The Dow Jones Industrial Average rose 20 points... Read More
U.S. stocks started higher Thursday, extending the prior session’s rebound, as reports that more Greek bondholders were prepared to swap their debt eased some concerns over Europe’s fiscal crisis. The Dow Jones Industrial Average rose 77 points to 12,913. The S&P 500 rose 9 points to 1,362. The Nasdaq Composite... Read More
U.S. stocks opened higher Wednesday after a report offered another upbeat sign on the labor front, bolstering investor confidence some ahead of Friday’s monthly jobs report. The Dow industrials rose 19 points to 12,778. The S&P 500 added 3 points to 1,347. The Nasdaq Composite gained 14 points to 2,925.... Read More
U.S. stocks started sharply lower Tuesday as worries about Greece’s pending private-sector debt swap added to concerns about global growth, particularly with concerns of a slower Brazilian and Chinese economies. The Dow Jones Industrial Average fell 146 points, or 1.1%, to 12,816. The S&P 500 lost 14 points, or 1.1%,... Read More
U.S. stocks opened lower on Monday after China reduced its economic growth outlook, with natural-resource companies leading the fall. The Dow Jones Industrial Average shed 29 points to 12,947. The S&P 500 Index declined 3 points to 1,366. The Nasdaq Composite fell 6 points to 2,969. The US markets are... Read More
U.S. stocks struggled for gains Friday after a slightly lower start, with energy companies leading the slide as the price of oil fell. “Overall the economic and market climate is continuing to improve, but markets don’t move in a straight line, and obviously there’s a risk of a pullback here,”... Read More
U.S. stocks opened modestly higher, with finance firms leading the rise, after mixed economic reports illustrated ongoing improvement in the labor market and lackluster consumer spending in January. The Dow Jones Industrial Average climbed 52 points to 13,004. The S&P 500 rose 5 points to 1,371. The Nasdaq Composite gained... Read More
Futures have been fluctuating between the flat line and modestly positive territory since early this morning. S&P futures are currently +2 and DJ futures are +14. The positive tone comes amid continued strength overseas. European markets are showing modest gains on the heels of the latest ECB lending operation (span... Read More
U.S. stocks tallied tepid gains on Tuesday ahead of a report on consumer confidence. The Dow Jones Industrial Average fell 2 points to 12,978. The S&P 500 Index added nearly a point to 1,368. The Nasdaq Composite rose 6 points to 2,972. A weak durable goods number out premarket is... Read More
U.S. stocks opened in the negative on Monday, following European equities after the Group of 20 finance ministers held off on boosting funding for the International Monetary Fund until the euro zone does more on its own. The Standard & Poor’s 500 Index fell 10 points to 1,356. The Dow... Read More
U.S. stocks opened modestly higher on Friday following a rise in overseas markets overnight. The Dow Jones Industrial Average climbed 5 points to 12,990. The S&P 500 Index rose 2 points to 1,365. The Nasdaq Composite added 5 points to 2,962. A quiet day for news, but the earnings keep... Read More
U.S. stocks on Thursday opened with mild losses, with Hewlett-Packard among the shares weighing after the technology company reported a quarterly decline in sales of its personal computers. The Dow Jones Industrial Average fell 21 points to 12,916. The S&P 500 Index dropped 2 points to 1,355. The Nasdaq Composite... Read More
U.S. stocks opened with modest losses on Wednesday after hitting 13,000 in the Dow for the first time in over a year. The Dow Jones Industrial Average fell 5 points to 12,960. The S&P 500 Index fell almost 2 points to 1,360. The Nasdaq Composite shed 7 points to 2,940.... Read More
U.S. stocks opened higher Tuesday, with the Dow Jones Industrial Average within 20 points of 13,000 after European finance ministers okayed a second rescue loan for Greece . The Dow industrials rose 30 points to 12,980. The S&P 500 added 3 points to 1,364. The Nasdaq Composite added 8 points... Read More
U.S. stocks opened with marginal gains on Friday on hope Greece would get another round of rescue funds after a meeting of European finance ministers early next week. And U.S. economic data supported the Federal Reserve’s view that inflation remains in check. The Dow Jones Industrial Average rose 28 points... Read More
WRAPX S&P futures vs fair value: +0.30. Nasdaq futures vs fair value: +4.30. Broad market stock futures point to a flat start to today’s session. The tone may seem tepid, but it actually marks an improvement from earlier this morning. Market participants continue to assess this morning’s headlines.... Read More
S&P futures vs fair value: +5.10. Nasdaq futures vs fair value: +13.50. Overall strength in the commodity complex has the CRB Index up 0.4% this morning. Oil prices have pushed up to $101.85 per barrel for a 1.1% gain in the opening minutes of pit trade. The jump... Read More
WRAPX S&P futures vs fair value: -4.50. Nasdaq futures vs fair value: -5.00. Stock futures have eased lower so that a slightly lower start to trade today is expected. Moderate weakness comes after stocks scored strong gains yesterday in response to approved austerity measures in Greece, only to... Read More
WRAPX S&P futures vs fair value: +9.10. Nasdaq futures vs fair value: +20.50. A pronounced drop in stock prices this past Friday pushed the S&P 500 into the red for the week after it had posted five consecutive weekly gains, but the broad market measure appears poised to... Read More
U.S. stocks fell sharply on Friday, jeopardizing a sixth week of gains for the S&P 500, after European finance minister stipulating conditions Greece must meet before Athens receives another round of funds. “The bottom line for U.S. investors is that while the Greek situation has been pushed down the importance... Read More
U.S. stocks opened modestly higher Thursday as Greek political leaders reached an austerity deal and U.S. jobless claims fell last week in another indication the labor market is recovering. “We’re continuing with that trend of better-than-expected claims,” said Michael Gibbs, director of equity strategy at Morgan Keegan. “The bullish... Read More
U.S. stocks wavered early Wednesday, with investors unsure what to make of Greece ‘s work to reach the accord needed to secure new rescue funds. The Dow Jones Industrial Average fell 9 points to 12,868. The S&P 500 Index gained half a point to 1,347. The Nasdaq Composite climbed 4... Read More
U.S. stocks started lower Tuesday as Greece tried to reach consensus on budget cuts needed for further rescue funds. The Dow Jones Industrial fell 27 points to 12,817. The S&P 500 dropped 3 points to 1,340. The Nasdaq Composite declined 7 points to 2,894. Worries out of Europe pushed our... Read More
U.S. stocks started lower on Monday, with the S&P 500 retreating after a three-session winning run, as Greece struggled for agreement on spending cuts needed to get another round of rescue funds. The Dow Jones Industrial Average fell 46 points to 12,816. The S&P 500 Index shed 5 points... Read More
U.S. stocks leapt on Friday as Wall Street embraced employment rising more than expected last month and the jobless rate dropping to a three-year low. The Dow Jones Industrial Average advanced 106 points to 12,811. The S&P 500 Index rose 11 points to 1,337. The Nasdaq Composite added 27... Read More
S&P futures vs fair value: +1.70. Nasdaq futures vs fair value: +7.00. Stock futures suggest a flat start for today’s trade. The neutral tone comes as broad market participants shrug off a sizable batch of better-than-expected earnings results ahead of Fed Chairman Bernanke’s testimony at 10:00 AM ET and... Read More
WRAPX S&P futures vs fair value: +9.00. Nasdaq futures vs fair value: +11.00. Stocks are expected to start today’s trade with solid gains. The upward bias comes in response to renewed buying interest in Europe after struggling Portugal successfully auctioned off some short-term debt and continental constituents like... Read More
WRAPX S&P futures vs fair value: +6.70. Nasdaq futures vs fair value: +14.00. Stock futures suggest that the major equity averages will start today’s session in positive territory. Following three straight losses for the S&P 500 the bid has been helped by renewed buying abroad. Improved sentiment overseas... Read More
08:40 WRAPX S&P futures vs fair value: -10.60. Nasdaq futures vs fair value: -20.50. Sellers continue to pressure stock futures. Today’s only dose of data hasn’t done anything to ease their efforts. Personal income increased by 0.5% during December. That bested the 0.4% increase that had been... Read More
WRAPX S&P futures vs fair value: -5.20. Nasdaq futures vs fair value: -3.30. News that fourth quarter GDP fell short of expectations has weighed on stock futures, such that a modestly lower start to the session is expected to position the broad market for its first weekly... Read More
WRAPX S&P futures vs fair value: +4.30. Nasdaq futures vs fair value: +4.80. Stock futures continue to trade with modest strength following a couple of doses of data. Durable goods orders for December were up 3.0%, which is greater than the 2.0% increase that had been generally anticipated... Read More
WRAPX S&P futures vs fair value: -2.20. Nasdaq futures vs fair value: +24.80. Stock futures are mixed this morning as market participants respond to strong earnings from Apple (AAPL 451.90, +31.49) last evening. Yahoo! (YHOO 15.60, -0.09) was also out last evening with its earnings, which... Read More
WRAPX End of Day Summary: Market Marches Higher The broad market was able to fight through moderate selling pressure this morning, but gains didn’t come until after the Federal Open Market Committee (FOMC) issued its latest Policy Statement. The afternoon advance eventually gained enough momentum to take... Read More
WRAPX End of Day Summary: Market Marches Higher The broad market was able to fight through moderate selling pressure this morning, but gains didn’t come until after the Federal Open Market Committee (FOMC) issued its latest Policy Statement. The afternoon advance eventually gained enough momentum to take... Read More
U.S. stocks started lower on Tuesday, with the S&P 500 on the retreat after five days of gains, as talks to resolve Greece’s debt-swap issues floundered. “It’s still Greece, and really that hasn’t gone away at all,” said Paul Nolte, managing director at Dearborn Partners in Chicago. The Dow Jones... Read More
U.S. stock investors hit the pause button at the start of U.S trading Monday, sending blue-chips initially lower and with other major indexes waffling on either side of breakeven. The Dow Jones Industrial Average opened unchanged at 12,720. The Nasdaq Composite added a point to 2,788. The S&P 500 gained... Read More
U.S. stocks started off on a cautious note Friday, weighed by unease over Greek debt talks and some disappointing earnings, and after three straight days of gains. The Dow Jones Industrial Average rose 9 points to 12,633. The S&P 500 fell 3 points 1,312. The Nasdaq Composite lost... Read More
U.S. stocks started higher Thursday, helped by better-than-expected earnings, a drop in jobless claims, and good demand at European bond auctions. The Dow Jones Industrial Average rose 17 points 12,596. The Nasdaq Composite gained 12 points to 2,782. The S&P 500 gained 4 points to 1,312. The earnings are... Read More
U.S. futures have pulled back from their early highs and are now showing modest gains (S&P futures +3, DJ futures +26). Futures have been fluctuating around reports regarding IMF proposals to increase their lending power, paring early gains as more information has been released. Early reports indicated that the... Read More
U.S. stocks advanced Tuesday, with equities rising along with the euro after Spain ‘s borrowing costs declined at an auction, denting worry about the nation’s ability to handle its debt. The Dow Jones Industrial Average rose 109 points to 12,531. The S&P 500 Index climbed 11 points to 1,301.... Read More
U.S. stocks opened sharply lower on Friday on reports of coming downgrades of euro-zone nations by rating agency Standard & Poor’s and disappointing earnings at JP Morgan. The Dow Jones Industrial Average fell 98 points to 12,373. The S&P 500 lost 9 points to 1,285. The Nasdaq Composite Index... Read More
U.S. stocks opened modestly lower on tepid retail sales in December and comments out of European regarding the risk of increased financial tensions. The Dow Jones Industrial Average fell 8 points to 12,440. The S&P 500 fell a fraction to 1,292. The Nasdaq Composite inched up a point to 2,711.... Read More
U.S. stocks fell Wednesday, with the S&P 500 retreating from July highs, on concern Europe’s debt problems would curb the global economy. The Dow Jones Industrial Average fell 49 points to 12,413. The S&P 500 Index declined 5 points to 1,286. The Nasdaq Composite shed 4 points to 2,698. The... Read More
U.S. stocks opened strongly higher on Tuesday a day after aluminum producer Alcoa reported results that boosted sentiment about earnings ahead. The Dow Jones Industrial Average rose 108 points to 12,501. Alcoa is modestly higher. The S&P 500 gained 13 points to 1,294. The Nasdaq Composite gained 31 points to... Read More
U.S. stocks started slightly higher Monday, recovering from the prior session’s losses, as some pressure came off European debt markets and investors traded cautiously ahead of fourth-quarter earnings reports. The Dow Jones Industrial Average gained 11 points to 12,371, led by a 1.3% gain in Alcoa ahead of earnings tonight.... Read More
U.S. stocks opened mixed to mildly lower on Friday, with the better-than-expected December payrolls report getting a muted response from Wall Street. “Expectations were raised after the ADP number yesterday, and eyes are still on Europe” and the possible global impact of the region’s debt troubles, said Brad Sorensen,... Read More
U.S. stocks opened lower on Thursday as an improving U.S. labor market helped stem, but not override, worries about Europe’s debt troubles. The Dow Jones Industrial Average dropped a quick 77 points to 12,341. The S&P 500 dropped 6 points to 1,270. The Nasdaq Composite fell nearly two points to... Read More
U.S. stocks open modestly lower following a strong start to the year on Tuesday that left the Dow Jones Industrial Average at a five-month high. The Dow fell 24 points on the open to 12,372. The S&P 500 declined 4 points to 1,272. The Nasdaq Composite dropped 13 points to... Read More
U.S. stocks opened the first session of 2012 in rally mode, with Wall Street optimistic after positive manufacturing data from China, and strong gains across the pond. The Dow Jones Industrial Average gained 156 points, or 1.3%, to 12,403. The S&P 500 rose 20 points, or 1.6%, to 1,278. The... Read More
All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.