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The stock market ended its last session of the year under broad-based selling pressure, which pushed the S&P 500 (-0.9%) into negative territory for the year (-0.7%). This represented the first year-to-date loss for the benchmark index since 2008. The benchmark index outperformed the Nasdaq (-1.2%) today as the technology... Read More
The major indices ended Wednesday on a negative note after the market faced substantial selling pressure into the close with all the major indices settling near their lows. Despite the retreat today, the S&P 500 (-0.7%) was able to stay in positive territory for the year (+0.2%). The benchmark index... Read More
The stock market enjoyed a broad-based rally on Tuesday, which lifted the S&P 500 (+1.1%) back into positive territory for the year (+1.0%). The benchmark index was outperformed by the Nasdaq (+1.3%) for the bulk of the day, as technology would lead the... Read More
The major averages have climbed off their session lows, but they remain in the bottom half of their trading ranges. The Dow Jones Industrial Average (-0.4%) trades a bit ahead of the S&P 500 (-0.5%) and the Nasdaq (-0.6%). p style="margin: 0in 0in... Read More
The stock market completed an abbreviated trading week on a flat note as the sleepy Thursday session produced a slightly lower finish for the S&P 500 (-0.2%) while the Nasdaq Composite (+0.1%) settled just above its flat line. For the week, the S&P 500 gained 2.8% and the Nasdaq advanced 2.6%.
The Thursday half-session had the makings of a range-bound affair from the start, considering index futures spent the night inside narrow ranges. The overnight action saw mixed trade in Asia while yen strength pressured the dollar/yen pair to 120.30, where the pair traded through the New York session. Similarly, the few European markets that were open ended the day on a mixed note and there was no news on the Spanish political front.
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The major averages enjoyed a broad-based rally on Wednesday and the steady climb was undoubtedly facilitated by light trading volume ahead of tomorrow's abbreviated Christmas Eve session. The S&P spiked 1.2%, ending right above its 50-day (2,063) moving average, and the Nasdaq Composite (+0.9%) followed not far behind.
Equity indices registered roughly half of their gains right at the open, rallying behind the energy sector (+4.4%), which held a solid lead throughout the day thanks to a rally in crude oil. The energy component surged 3.8% to $37.50/bbl, catching a second wind from bullish inventory data; however, it wasn't just energy, as every other sector ended the day comfortably in the green.
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The major averages enjoyed a broad-based rally on Wednesday and the steady climb was undoubtedly facilitated by light trading volume ahead of tomorrow's abbreviated Christmas Eve session. The S&P spiked 1.2%, ending right above its 50-day (2,063) moving average, and the Nasdaq Composite... Read More
The stock market registered its second consecutive advance on Tuesday with the S&P 500 climbing 0.9%. The benchmark index returned above its 100-day moving average (2,026) while the Nasdaq Composite (+0.7%) underperformed throughout the day.
Overall, the Tuesday affair was very quiet, which was evidenced by light trading volume as fewer than 850 million shares changed hands at the NYSE floor.
Equity indices ranged near their flat lines through the first two hours of the session, climbing to new highs during the afternoon. All ten sectors ended the day with gains, paced by the energy sector (+1.2%), which settled among the leaders.
Read MoreThe stock market began the trading week a higher note thanks to a final-hour rally that lifted the market back to its opening high. The S&P 500 added 0.8% while the Nasdaq Composite (+0.9%) outperformed slightly.
Overnight, Asian markets had a mixed showing with China's Shanghai Composite (+1.8%) outpacing other regional indices thanks to stimulus hopes. Meanwhile, European indices flashed solid intraday gains, but they slid into the close with Spain's IBEX diving 3.6% due to political uncertainty stemming from general elections that took place over the weekend. Mariano Rajoy's Partido Popular came out on top, receiving 123 votes, but forming a lasting coalition government may be a challenge considering the runner-up Socialist party has ruled out forming a joint government with PP. Spain's 10-yr note sold off in response, sending its yield higher by nine basis points to 1.79%.
Read MoreThe stock market ended a volatile week on a defensive note. The Dow Jones Industrial Average paced the Friday slide, falling 2.1% while the S&P 500 (-1.8%) and Nasdaq Composite (-1.6%) registered slimmer losses.
Overnight, the Bank of Japan stepped up its easing efforts by announcing plans to purchase JPY300 billion worth of ETFs starting in April of 2016; however, the market scoffed at the news with Japan's Nikkei diving 1.9% while the yen climbed 1.1% against the dollar (121.27). This is noteworthy because stimulus from major central banks has been a big reason for the rally seen in global markets over the past few years. Therefore, a negative market reaction to news of more stimulus could be indicative of a sentiment change as participants begin wondering whether global central banks have reached their limits.
Read MoreToday's dollar strength did no favors to crude oil as the energy component fell 1.7% to $34.95/bbl. The settlement price masked the fact that oil was down more than 2.8%, marking a session low ($34.64/bbl) just above its worst level from Monday ($34.53/bbl). Accordingly, the energy sector (-2.5%) paced today's retreat.
However, energy was not the only weak spot as every other cyclical sector settled behind the broader market. The top-weighted technology space (-1.6%) had to contend with relative weakness in Apple (AAPL 108.98, -2.36) as the largest stock by market cap fell 2.1% and returned into the neighborhood of yesterday's session low. Meanwhile, another large tech component—Oracle (ORCL 36.93, -1.98)—surrendered 5.1% after the company's sluggish revenue growth overshadowed a bottom-line beat.
Staying on the earnings front, FedEx (FDX 151.84, +3.01) spiked 2.0% after reporting better than expected earnings and reaffirming its guidance. It is worth noting that the company voiced some concern about the domestic economy, lowering its 2015 GDP growth forecast to 2.4% from 2.5%. FedEx represented a bright spot in the Dow Jones Transportation Average (-2.0%), but heavy losses in other index components caused the bellwether complex to widen its December loss to 7.0%.
Things looked a bit better on the countercyclical side where consumer staples (-1.3%), telecom services (-1.0%), and health care (-1.1%) registered slimmer losses than the broader market while the utilities sector (+0.1%) outperformed thanks to lower yields.
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The stock market ended the midweek session on a higher note with the S&P 500 climbing 1.5%. The benchmark index shrugged off the first fed funds rate hike in nine years, reclaiming its 50- (2,060) and 200-day moving averages (2,062) in the process.
Equity indices spiked at the start of the trading day, but the first half of the session featured a slow drip from opening highs as investors employed some caution ahead of the FOMC rate announcement; however, a rally to new highs unfolded during the late afternoon.
The Federal Reserve lived up to expectations, calling for a 25-basis point hike to the federal funds target range, which had been stuck in the 0.00-0.25% range for exactly seven years. Interestingly, today's rate hike did not stop the committee from slightly lowering its core PCE inflation outlook for 2016 to 1.5-1.7% from 1.5-1.8% that had been expected in September.
The Dollar Index (98.35, +0.13) displayed some volatility, but ended in the green. The index saw some pressure as Fed Chair Janet Yellen addressed the media, stressing the Fed's intention to stick to a gradual tightening path. Ms. Yellen acknowledged that the rate hike is taking place while inflation is well below the Fed's 2.0% target, but the Fed Chair believes that inflation will return to the 2.0% target once transitory factors fade away.
Read MoreThe stock market enjoyed a broad-based rally on Tuesday, which lifted the S&P 500 (+1.1%) back above its 100-day moving average (2,030). The benchmark index extended this week's gain to 1.5% ahead of tomorrow's FOMC announcement, which is widely expected to call for the first fed funds rate hike since 2006.
Overnight, the early portion of the Asian session was highlighted by some caution among investors, but the overall sentiment began improving once the attention shifted to Europe. Accordingly, markets in France (+3.2%), Germany (+3.1%), and the UK (+2.5%) soared amid broad support.
Contributing to the upbeat sentiment was a rally in crude oil as the energy component climbed despite greenback strength that sent the Dollar Index (98.22, +0.62) higher by 0.6%. As for oil, WTI crude surged 2.7% to $37.32/bbl, taking the energy sector (+2.9%) along for the ride.
The growth-sensitive energy sector settled atop the leaderboard, but despite today's surge, the sector is still down 7.8% for the month. Similarly, the financial sector (+2.4%) was also at the forefront of today's advance after showing relative weakness as of late. The economically-sensitive group narrowed its December loss to 2.0% versus a 1.8% month-to-date decline for the S&P 500. Recent concerns about the high-yield bond space were masked by a 1.6% spike in iShares iBoxx $ High Yield Corporate ETF (HYG 80.12, +1.29), which returned to its range from Friday.
Read MoreThe stock market began the trading week on a higher note, but not before showing some late morning volatility. The S&P 500 climbed 0.5% after briefly dipping below the 2,000 mark while the Nasdaq Composite (+0.4%) underperformed slightly. font... Read More
The stock market ended a defensive week on a woeful note with the S&P 500 (-1.9%) diving below its 100-day moving average (2,031). The benchmark index lost 3.8% since last Friday, while the Nasdaq (-2.2%) underperformed, falling 4.1% for the week.
The bulk of today's weakness unfolded during the first half of the day while afternoon action saw the key indices slip to fresh lows. The early weakness followed an overnight session, which featured news from China, indicating the People's Bank of China nudged the yuan to a four-year low against the dollar (6.4553). This stoked up concerns about China's deflation being exported to other economies while continued weakness in commodities compounded those worries.
Furthermore, reports of trouble in the junk bond arena weighed on sentiment after it came to light that Third Avenue Management is liquidating its high-yield Focused Credit Fund and barring investor withdrawals while it is doing so. This invited fears about other bond funds with similar exposure while junk bonds faced daylong pressure that sent the iShares iBoxx $ High Yield Corporate ETF (HYG 79.52, -1.62) to its lowest close since July 2009.
All ten sectors ended the day in negative territory and the market saw no dip-buying during the afternoon. To be fair, the lack of an afternoon rebound was not a shock considering the Federal Reserve is likely to introduce another wrinkle into the fold next week when the central bank is widely expected to announce the first fed funds rate hike since June 2006.
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The stock market ended Thursday on a higher note, putting an end to its three-day skid. The S&P 500 climbed 0.2%, but could not hold posture above its 50-day moving average (2,054). Meanwhile, the Dow (+0.5%) and Nasdaq (+0.4%) settled ahead of the benchmark index.
The Thursday advance did not occur without some theatrics as the S&P 500 marked a morning high during the first 90 minutes of the day and followed that with a return to its flat line. The benchmark index charged to a fresh high in the early afternoon, but backtracked from that level to end in the lower third of today's range.
Equity indices spent the first hour of action near their flat lines, but the energy sector (+0.6%) displayed relative strength from the start, which underpinned today's advance. The sector narrowed this week's loss to 3.2%, ending in the lead even though crude oil fell 1.0% to $36.80/bbl. The energy component continued sliding in electronic trade, which forced some backtracking in the sector. It is worth noting that the prolonged weakness in oil prices prompted Chevron (CVX 89.30, +1.70) and ConocoPhillips (COP 49.22, +0.75) to cut their respective capital expenditure budgets for 2016 by 24.0% and 25.0%, respectively
Read MoreThe stock market ended the midweek affair on a broadly lower note with the S&P 500 surrendering 0.8% after being up 0.8% in the early going. The benchmark index returned below its 200-day moving average (2,064) while the Nasdaq (-1.5%) underperformed throughout the day.
The early portion of today's session appeared to have the makings of a rebound, but the opening strength was entirely due to significant gains in two commodity-related sectors. The materials space (+3.1%) ended comfortably in the lead after it was reported that Dow Chemical (DOW 56.97, +6.07) and DuPont (DD 74.49, +7.89) are in advanced merger talks. Both names surged 11.9% with DuPont's strength keeping the Dow ahead of the broader market.
Similar to materials, the energy sector (+1.3%) ended well ahead of the broader market, but it is worth noting that today's gain occurred after the growth-sensitive group gave up 4.8% over the past two days. Crude oil, however, could not remain in the green, ending the day lower by 0.9% at $37.18/bbl even though the latest storage report from the Energy Information Administration showed the biggest inventory draw in four months.
That storage report briefly propelled crude into the $39.00/bbl area, but the ensuing reversal in oil coincided with the turn in the equity market that left just three sectors in the green when the closing bell rang.
Read MoreThe stock market endured a shaky session on Tuesday, but the key indices managed to recover a portion of their losses by the close. The S&P 500 settled in the middle of its trading range, surrendering 0.7%, while the Nasdaq Composite (-0.1%) outperformed throughout the day.
Equity indices began the day under heavy pressure after the overnight session featured some disappointing economic data from China. Specifically, the country's November trade surplus narrowed to $54.10 billion from $61.64 billion (expected surplus of $63.30 billion) as exports fell 6.8% year-over-year (consensus -5.0%; previous -6.9%) and imports declined 8.7% (expected -12.6%; last -18.8%).
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The major averages began the trading week on a cautious note with the Dow (-0.7%), Nasdaq (-0.8%), and S&P 500 (-0.7%) registering comparable losses.
Equity indices retreated through the first two hours of the trading day and the lack of intraday bargain hunting kept the key averages near their lows into the afternoon. The S&P 500 erased a third of its advance from Friday, but managed to settle above its 200-day moving average (2,065).
Read MoreThe stock market enjoyed a broad rally on Friday that lifted the S&P 500 (+2.1%) back above its 200-day moving average (2,065). The daylong surge helped the benchmark index turn this week's loss into a slim gain of 0.1%.
Equities charged out of the gate and doubled their gains during afternoon action even though the November Employment Situation report came in ahead of expectations (211,000; Briefing.com consensus 196,000), which is unlikely to get in the way of the Federal Reserve's rate hike plans.
Interestingly, Treasuries stumbled immediately after the release of today's data, but they followed that move with a charge to new session highs. The 10-yr note ended near its best level of the session, pressuring its yield four basis points to 2.27%. Meanwhile, the Dollar Index (98.35, +0.43) climbed 0.4%, erasing a portion of its 2.3% loss from yesterday.
Read MoreThe major averages trade in mixed fashion at midday with the Dow (-0.2%) and S&P 500 (-0.3%) showing modest losses while the Nasdaq Composite (+0.2%) outperforms.
Equity indices spent the initial 90 minutes of the day near their flat lines, but the S&P 500 has been pressured to a new low due to significant weakness in the energy sector (-2.4%). The growth-sensitive group saw late-morning volatility in reaction to some conflicting headlines about the OPEC meeting, which will take place in Vienna on Friday. Similarly, crude oil has endured heavy selling as the energy component trades lower by 3.6% at $40.35/bbl at this juncture.
Read MoreThe stock market began December on an upbeat note with the S&P 500 climbing 1.1% while the Nasdaq Composite (+0.9%) settled just behind.
All in all, the Tuesday session was very quiet as the S&P 500 marked its high during the opening hour and inched above that level during afternoon action. The index briefly slipped from the morning high after today's economic data showed that the ISM Index (48.6; Briefing.com consensus 50.4) registered its first contractionary reading (below 50) in 36 months.
The disappointing report was met with a spike in Treasuries that sent the 10-yr note to a fresh high. The benchmark instrument settled on its best level of the day, pressuring its yield six basis points to 2.15%.
Read MoreThe stock market began the trading week on a modestly lower note with the S&P 500 surrendering 0.5% after spending the day in a 13-point range. Today's session marked the end of November, a month during which the S&P 500 added 0.1% while the Nasdaq Composite (+1.1% month-to-date) outperformed.
Equities held slim gains at the start of the trading day, but the early strength faded quickly, sending the S&P 500 below its flat line where the index remained into the afternoon. The S&P 500 tried to stage a rebound during afternoon action, but that move was followed by a slip to new lows. The benchmark index settled near its worst level of the day, masking gains in five of ten sectors.
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The stock market meandered in a narrow range through the abbreviated Friday session, ending the day and the week on a flat note. The S&P 500 added 0.1% today, ending the week higher by two points (+0.1%).
Unsurprisingly, the Friday session was very quiet with trading volume running well below average. To that point, only 378 million shares changed hands at the NYSE floor. The lack of activity in the U.S. masked a relatively busy overnight session that featured a 5.5% dive in China's Shanghai Composite after regulators expanded their investigation into major securities brokers, including Citic Securities.
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The stock market ended Wednesday on a flat note with trading volume running well below average as some market participants got an early jump on the Thanksgiving holiday, which will keep capital markets in the U.S. closed on Thursday. The S&P 500 settled just below its flat line while the Nasdaq Composite (+0.3%) outperformed.
Investors received a boatload of economic data this morning, but there was little response in the market as stocks opened flat and inched higher to establish narrow trading ranges that held throughout the day. For instance, the S&P 500 spent the session in a seven-point range with seven sectors offsetting gains in three groups that outperformed throughout the day.
Heavily-weighted health care (+0.5%) and consumer discretionary (+0.5%) seized the lead in the early going and held their ground into the close. The health care sector received support from biotechnology, evidenced by a 1.1% spike in iShares Nasdaq Biotechnology ETF (IBB 338.85, +3.58).
Read MoreThe stock market ended the Tuesday session on a flat note, overcoming an opening retreat that was fueled by a military incident, which is likely to invite geopolitical implications going forward. The S&P 500 added 0.1% while the Nasdaq Composite (unch) underperformed.
Early this morning, it was reported that the Turkish military shot down a Russian fighter jet, which allegedly violated Turkish airspace on the country's border with Syria. This marked the first time that a NATO member downed a Russian plane since the 1950s and Russian military officials said that both pilots were killed by Syrian opposition fighters after ejecting from the plane. The Russian defense ministry called the incident a "hostile act" while President Vladimir Putin has terminated all Russian military cooperation with Turkey. Mr. Putin denied the incursion into Turkey, saying the action represented "backstabbing by accomplices of terrorists" and that it "goes beyond [the] fight against terror."
Read MoreThe stock market began the trading week on a cautious note with the S&P 500 shedding 0.1%. The benchmark index surrendered its opening gain, ending in the middle of its trading range while the Dow (-0.2%) and Nasdaq (-0.1%) registered comparable losses.
Overall, the Monday session was very quiet with some market participants likely getting a head start on the Thanksgiving holiday. With that in mind, it wouldn't be surprising to see below average trading volume for the remainder of the week. As for today, roughly 820 million shares changed hands at the NYSE floor.
Equities climbed at the start with the early move supported by three sectors in particular. The energy sector (+0.7%) displayed some early volatility, but ended among the leaders even though crude oil slipped 0.3% to $41.78/bbl after making a brief appearance above $42.50/bbl. WTI crude briefly spiked in the morning after Saudi officials indicated their intent to stabilize the global energy market, but the energy component was back near its flat line in short order.
Read MoreThe stock market ended an upbeat week on a higher note with the bulk of today's action taking place during the opening hour. The S&P 500 gained 0.4%, ending the week higher by 3.3% while the Nasdaq Composite (+0.6%) outperformed, boosting its weekly gain to 3.6%.
Equity indices rocketed out of the gate, marking their best levels of the day about 45 minutes after the opening bell. The S&P 500 set a session high just above the 2,097 level and spent the remainder of the trading day in a slow retreat from that perch.
The consumer discretionary sector (+1.2%) displayed strength from the start while five other sectors also finished in the green. As for the discretionary space, the group extended its weekly gain to 4.5%, ending atop this week's leaderboard. Apparel names were largely responsible for the strength with Dow component Nike (NKE 132.65, +6.87) soaring 5.5% after announcing a new $12 billion share repurchase program and boosting its quarterly dividend by four cents to $0.32/share. In addition, the industry giant announced its stock will undergo a two-for-one split.
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The stock market ended the Thursday session on a flat note after spinning its wheels throughout the day. The S&P 500 shed 0.1% after spending the day in an eight-point range while the Nasdaq Composite (unch) outperformed slightly. Despite today's sluggish performance, the S&P 500 is set to enter Friday with a solid week-to-date gain of 2.9%.
Equities began the trading day just below their flat lines due to daylong weakness in two relatively large sectors. To that point, health care (-1.6%) and energy (-1.3%) struggled from the start with the health care space responding to a 5.7% dive in the shares of UnitedHealth (UNH 110.57, -6.68) after the insurer lowered its guidance, citing exposure to public exchanges. To be fair, UNH was not the only soft spot as biotech names also lagged with iShares Nasdaq Biotechnology ETF (IBB 333.42, -5.32) ending lower by 1.6%.
Read MoreThe stock market ended the midweek session on a broadly higher note with the Nasdaq Composite leading the way. The tech-heavy Index spiked 1.8% while the S&P 500 (+1.6%) followed not far behind, charging back above its 200-day moving average (2,065).
Equity indices climbed out of the gate, continuing their steady charge into the afternoon and through the release of FOMC minutes from the October meeting, which left little doubt that the Fed is poised to raise rates at the December meeting. Specifically, the minutes indicated that "it may well become appropriate to initialize the normalization process at the next meeting, provided that unanticipated shocks do not adversely affect the economic outlook."
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The stock market finished the day on a flat note after enjoying an opening rally that briefly placed the S&P 500 (-0.1%) above its 200-day moving average (2,064). The benchmark index was up around 0.7% during late morning action, but steady afternoon selling ensured a lower finish.
The second-half retreat accelerated after police officials in Hanover, Germany confirmed that a credible bomb threat forced the cancellation of a soccer match between Germany and the Netherlands. Press reports suggested that an emergency vehicle loaded with explosives was found at the soccer stadium, but this was refuted by the German Interior Minister just before the market closed for the day.
Read MoreThe stock market began the trading week with a broad-based rally, which unfolded after a range-bound start to the trading day. The S&P 500 gained 1.5% while the Nasdaq Composite (+1.2%) underperformed throughout the session.
Overnight, it was reported that the Japanese economy has re-entered recession for the second time in as many years as Q3 GDP contracted 0.2% quarter-over-quarter (expected -0.1%; last -0.3%), according to the preliminary reading. Naturally, that news was met with hopes for more monetary support from the Bank of Japan, which boosted global equities while the yen retreated, sending the dollar/yen pair higher by 0.5% to 123.20. That being said, Japan's Nikkei could not stay in the green, falling 1.0%.
Read MoreThe stock market ended a down week on a woeful note after the release of some disappointing economic data and uninspiring retail earnings. The S&P 500 lost 1.1%, widening this week's decline to 3.6% while the Nasdaq Composite (-1.5%) underperformed to end the week lower by 4.3%.
Equity indices spent the duration of the trading day in negative territory, pressured mostly by heavily-weighted consumer discretionary (-2.6%) and technology (-2.0%) sectors. Both cyclical groups traded well behind the broader market throughout the day and that underperformance prevented the market from staging a meaningful rebound. The S&P 500 briefly rallied above its 100-day moving average (2,034) in late morning action, but the move was retraced fully into the afternoon as the two influential sectors remained weak and the rest of the market gave in to the weakness.
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The stock market could not avoid its second consecutive retreat on Thursday with the S&P 500 (-1.4%) falling below its 200-day moving average (2,064). The benchmark index retreated throughout the session while the Nasdaq Composite (-1.2%) settled a step ahead.
Equity indices faced selling pressure from the get-go with the early weakness following a cautious session in Europe where markets in France, Germany, and Spain lost between 1.2% and 2.3%. Things did not improve by the start of the New York Session, which led to opening losses in nine of ten sectors.
Read MoreThe stock market spent the Wednesday session inside a narrow range before ending with a modest loss. The S&P 500 shed 0.3% while the Nasdaq Composite (-0.3%) settled in line with the benchmark index after showing relative strength intraday.
Overall, the midweek affair was very quiet as the stock market bounced around its flat line while the bond market was closed for Veterans Day. The subdued activity was evidenced by below-average trading volume as fewer than 800 million shares changed hands at the NYSE floor.
Read MoreThe stock market ended Tuesday on a mixed note as the Nasdaq Composite (-0.2%) settled with a modest loss while the Dow Jones Industrial Average (+0.2%) and S&P 500 (+0.2%) overcame the weakness in the technology sector (-0.7%), eking out slim gains.
Equities stumbled at the start of the trading day with the opening move paced by the largest stock in terms of market cap. Specifically, Apple (AAPL 116.73, -3.84) fell 3.2% in reaction to a Credit Suisse report, which indicated the tech giant has cut its orders for iPhone 6s components by as much as 10.0%. Shares of Apple slid below their 100-day moving average (117.33) after struggling with the 200-day average (122.06) over the past few days. Meanwhile, supplier names like CirrusLogic (CRUS 29.43, -2.78), Broadcom (BRCM 51.45, -1.74), AvagoTechnologies (AVGO 119.86, -6.64) lost between 3.3% and 8.6% while the PHLX Semiconductor Index fell 1.8%.
Read MoreThe stock market began the trading week on a cautious note as persistent global growth concerns weighed on investor sentiment. The S&P 500 surrendered 1.0% while the Dow and Nasdaq posted comparable losses.
Equities retreated through the first half of the Monday session and remained near their lows into the afternoon, which kept dip-buyers on the sidelines. The cautious posture in the market took place after the weekend featured the release of China's trade data, which showed a 10-yr high in the trade surplus, but exports fell 6.9% in October, representing the fourth consecutive monthly drop.
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The S&P 500 could not avoid its third consecutive decline on Friday as rising rate hike expectations weighed on equities. To be fair, the benchmark index missed a green close by 0.74 points while the Dow (+0.3%) and Nasdaq Composite (+0.4%) erased their opening losses.
Equities stumbled at the start after the October Employment report easily surpassed expectations, thus increasing the likelihood of a fed funds rate hike at the December policy meeting to 69.8% from yesterday's 58.1%. Specifically, October nonfarm payrolls came in at 271,000 while the Briefing.com consensus expected a reading of 181,000. Also of note, hourly earnings rose 0.4% while the consensus expected an uptick of 0.2%.
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The major averages registered their second consecutive decline on Thursday with the S&P 500 shedding 0.1% while the Nasdaq Composite (-0.3%) underperformed.
Broadly speaking, the Thursday affair was fairly quiet, but that was not particularly surprising considering Friday morning will feature the release of the Employment Situation report for October. The Briefing.com consensus expects the report to reveal the addition of 181,000 payrolls while hourly earnings are expected to have increased 0.2% in October.
Tomorrow's report could lead to volatility in the market, making today's reluctance among investors to push the market in either direction rather understandable. The S&P 500 is set to enter the Friday session with a week-to-date gain of 1.0% while the Nasdaq is higher by 1.5% for the week despite today's underperformance.
Read MoreThe stock market snapped its two-day streak on Wednesday, but the midweek pullback was fairly modest in scope. The S&P 500 shed 0.4% while the Nasdaq Composite (-0.1%) outperformed, settling just below its flat line.
Equity indices began the day on a modestly higher note, but the slight early strength faded quickly, sending the major averages into the red during the opening hour. In addition, investors heard from Fed Chair Janet Yellen who addressed the House Financial Services Committee to discuss regulation and supervision of financial institutions; however, the Q&A portion drifted towards questions about the upcoming December policy meeting with Fed Chair Yellen reiterating that a rate hike could happen in December if economic data shows improvement.
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The stock market registered its second consecutive gain on Tuesday with the S&P 500 climbing 0.3%. The benchmark index settled a bit behind the Nasdaq Composite (+0.4%) and the Dow Jones Industrial Average (+0.5%) with cyclical sectors pacing the advance.
Equity indices saw modest losses at the start of the trading day, but the market was able to overcome the early weakness thanks to continued leadership from the energy sector as the growth-sensitive group charged higher by 2.5% to extend this week's gain to 5.0%. Today's rally was powered by a 3.8% spike in crude oil, which settled at $47.90/bbl, while top-weighted components like Chevron (CVX 98.14, +3.18) and Exxon Mobil (XOM 86.83, +1.55) posted respective gains of 3.4% and 1.8%.
Read MoreThe stock market charged higher to begin November with the Nasdaq Composite setting the pace. The tech-heavy index surged 1.5% while the S&P 500 (+1.2%) followed right behind. Equity... Read More
The stock market ended the week on a lower note, but that did not stop the S&P 500 from posting its largest monthly gain since October 2011. The benchmark index lost 0.5% on Friday, but surged 8.3% for the month while the Nasdaq Composite (-0.4%) outperformed, spiking 9.4% in October.
Broadly speaking, the Friday session was very quiet with the market showing a modest loss during morning action, which turned into a slim afternoon gain; however, a late slide from session highs ensured a lower finish for the S&P 500.
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The stock market spun its wheels through the bulk of the Thursday affair, but a final-hour charge helped the S&P 500 end little changed... Read More
The stock market snapped its two-day skid on Wednesday, but not before seeing some intraday volatility. The S&P 500 added 1.2% while the Russell 2000 (+2.9%) outperformed. Equity indices rallied out of... Read More
The stock market endured its second consecutive retreat on Tuesday, but the overall trading dynamic was very similar to the range-bound affair from Monday. The S&P 500 lost 0.3% while the Nasdaq Composite (-0.1%) outperformed throughout the session.
In some ways, the cautious posture was not all that shocking considering tomorrow afternoon will feature the release of the October FOMC policy directive, which will cross the wires at 14:00 ET.
As for today, nine sectors ended the day in negative territory with cyclical groups showing relative weakness across the board. The energy sector (-1.2%) spent its second consecutive day behind the remaining nine groups as lower oil prices weighed. To that point, WTI crude fell 1.8% to $43.22/bbl.
Read MoreThe stock market began the trading week on a quiet note with the S&P 500 (-0.2%) spending the session inside a nine-point range. The benchmark index settled right above the midpoint of that range while the Nasdaq Composite (+0.1%) outperformed throughout the session.
Generally speaking, the Monday affair was very quiet and free of noteworthy earnings. Accordingly, the benchmark index opened with a two-point loss and traded in sideways fashion until the closing bell. Seven sectors registered losses between 0.2% (consumer staples and industrials) and 2.5% (energy) while consumer discretionary (+0.8%), health care (+0.5%), and telecom services (+0.1%) outperformed.
Read MoreThe stock market ended the week on an upbeat note thanks to an opening spike that was extended during afternoon action. The S&P 500 jumped 1.1%, extending its weekly gain to 2.1%, while the Nasdaq surged 2.3% to end the week higher by 3.0%.
Quarterly earnings released last evening ensured a higher start for the major averages while a surprise rate cut from the People's Bank of China supercharged the opening move higher. Specifically, the central bank lowered its one-year lending rate by 25 basis points to 4.35% and cut its reserve requirement ratio by 50 basis points for qualifying institutions, representing the sixth rate cut since November. With most of the action taking place before the opening bell, stocks drifted near their highs into the afternoon, building on their gains during the final hour of action.
Read MoreIt was a running of the bulls on Thursday and "re-examine" was the trigger that sparked the charge. The S&P 500 soared 1.7%, overtaking its 100-day moving average (2,038) in the process. The benchmark index settled near its best level of the day, registering its first close above the 100-day average since August 17, as hopes for more stimulus overshadowed mixed corporate earnings.
The stock market was off to the races after equity futures revved higher an hour before the opening bell. The pre-market activity took place in response to comments from European Central Bank President Mario Draghi, who addressed the media following the latest ECB policy meeting. During his press conference, Mr. Draghi said that the central bank will "re-examine" its asset purchases at the December meeting. This was immediately interpreted as a harbinger of more monetary easing in the near future, sending the euro lower while European equities and U.S. futures spiked. Those moves accelerated after Mr. Draghi revealed that the governing council had discussed lowering the deposit facility rate at today's policy meeting. Markets in France, Germany, Spain, and Italy jumped between 2.0% and 2.5% while the euro slid throughout the session to 1.1110 against the dollar after trading just above 1.1300 prior to Mario Draghi's press conference. As a result, the Dollar Index (96.44, +1.37) spiked 1.4%, returning to levels last seen in late September.
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The stock market ended Wednesday on a lower note after enduring a shaky session. The S&P 500 lost 0.6% after failing to overtake its 100-day moving average (2,038) for the second day in a row. Just like yesterday, the Nasdaq Composite (-0.8%) underperformed while the Dow Jones Industrial Average (-0.3%) displayed relative strength.
Equities began the day with modest gains, but the S&P 500 notched its high during the opening minutes of the session and returned to its flat line in short order. The index traded just above the unchanged level into the afternoon, but slid to lows shortly after 13:00 ET. The S&P 500 staged a late charge to its flat line, but could not overtake that level, dropping to a new low instead.
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The stock market finished Tuesday on a quiet note after spending the session inside a narrow trading range. The S&P 500 shed 0.1% while the Nasdaq Composite (-0.5%) underperformed throughout the day.
Just like yesterday, today's affair was very quiet with the S&P 500 spending the majority of the session near its flat line. The benchmark index opened with a modest loss and rallied into the green during morning action, but could not climb above its 100-day moving average (2,039), which served as resistance. The index followed that short-lived rally with a return into the red, where it settled for the day.
Read MoreThe stock market began the trading week on a quiet note with the major averages spending the Monday session inside narrow ranges. The S&P 500 settled just above its flat line after climbing off its opening low while the Nasdaq Composite (+0.4%) outperformed.
In some ways, the range-bound action was a bit of a surprise considering investors received China's Q3 GDP report over the weekend. The growth report proved to be a mixed bag as GDP beat estimates (+6.9%; consensus 6.8%), but dipped below the official target growth rate of 7.0% year-over-year.
Read MoreThe stock market endured a sleepy Friday session that capped an upbeat week. The S&P 500 added 0.5%, extending its weekly gain to 0.9%, while the Nasdaq Composite (+0.3%) underperformed on Friday, but still ended the week higher by 1.2%.
Overall, the Friday affair was pretty uneventful as the S&P 500 spent the bulk of the day in a ten-point range, climbing to a new high during the final hour. Four sectors settled ahead of the S&P 500 while the remaining six ended in-line with or behind the benchmark index.
Consumer staples (+1.0%) and health care (+1.0%) settled in the lead with the health care space holding up well despite an intraday swoon in biotechnology. The iShares Nasdaq Biotechnology ETF (IBB 314.32, -0.44) shed 0.1% after being up 1.1% at the start of the trading day. For the week, the health care sector gained 1.9% while the biotech ETF also climbed 1.9%.
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The stock market charged higher on Thursday, erasing its entire decline from the early portion of the week. The S&P 500 spiked 1.5% while the Nasdaq Composite (+1.8%) outperformed.
The broad-based rally in the U.S. followed an overnight session that featured dovish comments from two European Central Bank members, setting expectations for more monetary easing from the central bank. This started with Vitor Constancio who spoke in Hong Kong, joining the chorus of voices calling on the Federal Reserve to delay its first rate hike while Ewald Nowotny said that more needs to be done by the ECB in light of soft inflation data.
Read MoreThe major averages ended the midweek session on a lower note with the S&P 500 (-0.5%) registering its second consecutive decline. The benchmark index settled near its worst level of the day while the Nasdaq Composite (-0.3%) outperformed.
Equities displayed modest gains in the early going, but relative weakness in several influential sectors prevented the S&P 500 from holding its early gain. The index made another brief appearance above its flat line during the early afternoon, but slid to lows before the closing bell.
The reasons for today's retreat were not particularly difficult to find as economic data reported this morning disappointed while quarterly earnings received since yesterday's closing bell did not inspire confidence either.
Read MoreThe stock market ended Tuesday on a lower note after the major averages failed to hold their slim intraday gains. The S&P 500 settled lower by 0.7% while the Nasdaq Composite (-0.9%) underperformed.
Overall, today's affair was relatively quiet with trading volume surpassing yesterday's total by a relatively slim margin. To that point, fewer than 850 million shares changed hands at the NYSE floor.
Equity indices faced some selling pressure after China's September trade balance ($60.34 billion; expected $46.79 billion) showed a 20.4% decline in imports (expected -15.0%), which was the 11th consecutive drop in that category, stirring up concerns about China's demand for goods and services from its neighbors. Accordingly, most Asian markets posted losses on Tuesday and the defensive sentiment infiltrated the European session.
Read MoreThe stock market began the trading week on a sleepy note with a Monday session that saw the S&P 500 bounce around an eight-point range. The benchmark index settled higher by 0.1% while the Nasdaq Composite (+0.2%) outperformed slightly.
With the bond market closed for Columbus Day, a fair share of participants elected to forego the Monday session. The subdued activity was highlighted by below-average trading volume as fewer than 700 million shares changed hands at the NYSE floor.
Eight sectors finished the day with gains while commodity-sensitive energy (-1.1%) and materials (-0.9%) underperformed throughout the session. The energy sector finished at the bottom of the leaderboard, narrowing its October gain to 10.9% while crude oil surrendered 5.2% to settle at $47.19/bbl. Similar to the sector, WTI crude continues holding a solid month-to-date gain (+4.7%) despite today's dive.
Read MoreThe stock market ended a strong week on a subdued note. The S&P 500 added 0.1% after spending the day in a 13-point range while the Nasdaq Composite (+0.4%) outperformed. For the week, the benchmark index climbed 3.3% while the Nasdaq Composite advanced 2.6%.
The Friday session made for a quiet finish to a week that saw all ten sectors register gains. The S&P 500 began the trading day above its flat line, but slipped into the red around midday. The index traded just below its unchanged level into the afternoon, but turned green during the final hour.
Read MoreThe stock market ended the Thursday session on a higher note after erasing its opening decline. The S&P 500 climbed 0.9% while the Nasdaq Composite (+0.4%) underperformed throughout the day.
Equity indices struggled at the start of the trading day, responding to a mixed overnight session that featured losses among most Asian indices while European stocks fought to end the day with modest gains. The advance in Europe followed the release of the latest policy meeting minutes from the European Central Bank, which stressed that a lot more stimulus still has to work its way through the financial system
Read MoreThe stock market ended the Wednesday session on a higher note with the S&P 500 climbing 0.8% while the Nasdaq Composite (+0.9%) settled a bit ahead despite showing relative weakness in the early going.
Overall, the midweek session was very quiet, but there was some volatility present in the market as stocks surrendered their opening gains going into the afternoon, but returned into the middle of their ranges by the closing bell. It is worth noting that the pullback from opening highs occurred after the S&P 500 made a brief appearance above its 50-day moving average (1,997), which also served as resistance during afternoon action.
Read MoreThe stock market endured a shaky session on Tuesday with the Dow Jones Industrial Average (+0.1%) eking out a slim gain while the S&P 500 (-0.4%) and Nasdaq Composite (-0.7%) underperformed throughout the day.
For the second day in a row, the U.S. trading day began after the release of some disappointing economic data overseas. Today, it was Germany's Factory Orders report for August, which showed a 1.8% decline while the market had expected an increase of 0.5%. That being said, European equities were able to register gains after erasing their early losses, but the strength did not carry over the U.S. session as continued weakness in the biotech space kept the broader market under pressure.
Read MoreThe stock market enjoyed an upbeat start to the trading week with the S&P 500 returning near its rebound high from the middle of September. The benchmark index climbed 1.8% while the Nasdaq Composite (+1.6%) followed not far behind.
The Monday buying frenzy was not fueled by quarterly earnings as the first portion of the reporting period is still two weeks away. Instead, the advance was a continuation of the Friday rally, which was predicated on the belief that a disappointing September Nonfarm Payrolls report would prevent the Federal Reserve from raising rates at the October meeting. In that same vein, the bad-is-good dynamic appeared to be on display overseas as Japan's Nikkei (+1.6%), Germany's DAX (+2.7%), and France's CAC (+3.5%) vaulted higher even though Services PMI readings in Japan (51.4; prior 53.7) and the eurozone (53.7; expected 54.0) disappointed.
Read MoreThe stock market ended the week on an upbeat note despite stumbling at the start. The S&P 500 turned a 30-point loss into a 28-point gain to end higher by 1.4% while the Nasdaq Composite (+1.7%) outperformed. For the week, the S&P 500 jumped 1.0% while the Nasdaq added 0.5%.
The opening dive occurred after the release of the Nonfarm Payrolls report for September, which disappointed on all fronts. According to the report, only 142,000 jobs were added, which was a far cry from the Briefing.com consensus, which expected a reading of 205,000. Adding insult to injury, the prior month's job growth was revised down to 136,000 from 173,000 and hourly earnings showed no growth.
Read MoreThe stock market ended Thursday on a modestly higher note after climbing off its intraday low. The S&P 500 (+0.20%) settled within four points of its unchanged level while the Dow (-0.08%) and Nasdaq (+0.15%) underperformed.
Equities began the first session of Q4 just above their flat lines after a pre-market retreat caused S&P 500 futures to surrender a 25-point gain. The early morning slide from pre-market highs gathered steam following a Bloomberg report indicating the Bank of Japan does not plan to introduce additional stimulus at this time.
Read MoreThe stock market ended the midweek session on a higher note, but could not avoid its second consecutive monthly decline. The S&P 500 gained 1.9% on Wednesday, but surrendered 2.7% in September. The tech-heavy Nasdaq Composite (+2.3%) outperformed today, but lost 3.3% for the month.
The Wednesday session also marked the end of the third quarter, during which the S&P 500 fell 6.9% versus a 7.4% decline in the Nasdaq. The end of Q3 meant that quarter-end positioning and portfolio rebalancing likely played a part in today's advance
Read MoreThe stock market ended Tuesday on an uninspiring note after surrendering the bulk of its intraday gain. The S&P 500 (+0.1%) added two points after showing an eight-point gain during the opening hour.
Equity indices rallied at the start, but the rebound from yesterday's 2.6% dive in the S&P 500 hit resistance right beneath the 1,900 level, at which point most sectors began backing away from their morning highs. The health care sector (+0.9%) held the lead throughout the day, but the influential group also retreated from its high as market-wide selling pressure grew heavier during the afternoon.
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The new week got off to a very poor start for the major indices, which experienced steady selling pressure from the opening bell in a trend-down day. Global growth concerns were at the heart of Monday's pullback along with another dastardly performance by the biotechnology sector.
The growth concerns were triggered anew by a caustic research note on the business prospects for commodity producer Glencore (GLCNF 1.07, -0.41), an 8.8% year-over-year decline in China's industrial profits, a disappointing 1.4% monthly decline in pending U.S. home sales for August, and a declaration from International Monetary Fund (IMF) head Christine Lagarde that the IMF's forecasts for global growth of 3.3% this year and 3.8% next year are no longer realistic due principally to the weakness in emerging markets.
Read MoreThe stock market finished a down week on a sloppy note with the S&P 500 (-0.1%) surrendering a solid intraday gain during the final two hours of action to end flat. The benchmark index locked in a weekly decline of 1.4% while the Nasdaq Composite (-1.0%) underperformed, ending the week lower by 2.9%. For its part, the Dow Jones Industrial Average (+0.7%) ended Friday in the green as blue chips avoided volatility in the biotech space.
Read MoreThe stock market finished Thursday on a modestly lower note after erasing the bulk of its early loss. The S&P 500 settled lower by 0.3% while the Dow Jones Industrial Average (-0.5%) and Nasdaq Composite (-0.4%) underperformed.
The final standing represented a notable shift from the morning dynamic that saw equity indices gap down at the start amid selling in Europe. To that point, markets in France and Germany both lost near 2.0% apiece with automakers facing continued pressure. BMW was among the weakest performers in Germany, falling 5.2%, with company executives pushing back against insinuations that the company may have taken a page out of Volkswagen's playbook, saying they are ready to provide vehicles for testing on demand.
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The major averages registered their second consecutive retreat on Wednesday with the S&P 500 shedding 0.2% while the Nasdaq Composite (-0.1%) ended just ahead.
Overall, the midweek session was a choppy affair that saw the benchmark index spend some time on both sides of its flat line. That trading dynamic resulted from mixed performance among the ten sectors as three top-weighted groups—technology (+0.2%), financials (+0.1%), and health care (-0.1%)—displayed flashes of intraday strength while most of the remaining sectors struggled.
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The stock market endured a rough trading day on Tuesday with the S&P 500 surrendering 1.2% while the Nasdaq Composite (-1.5%) underperformed.
Equity indices spent the duration of the session in the red after gapping lower at the start. The opening stumble occurred in response to continued concerns about China's economic growth, which was manifested through weakness in commodity prices. Furthermore, European automakers struggled with Volkswagen plunging 19.8% to extend this week's loss to 34.7% after announcing the establishment of a EUR6.50 billion reserve in anticipation of costs associated with the Department of Justice probe into the company's diesel engines. European markets registered losses across the board with Germany's DAX tumbling 3.8%.
Read MoreThe stock market began the trading week on a higher note despite seeing some intraday volatility. The S&P 500 gained 0.5% while the Nasdaq Composite underperformed throughout the day, but was able to settle just above its flat line.
Equity indices rallied out of the gate with the advance continuing through the first hour of action. All ten sectors took part in the opening move higher, but health care was quick to surrender its gain. The countercyclical group ended lower by 1.4% while biotechnology struggled mightily, sending the iShares Nasdaq Biotechnology ETF (IBB 340.78, -15.98) lower by 4.5%.
Read MoreThe stock market ended the week on a broadly lower note. The S&P 500 lost 1.6%, surrendering 0.2% for the week, while the Nasdaq (-1.4%) outperformed, finishing the week higher by 0.1%.
Equity indices spent the entire Friday session in the red after heavy selling in the futures market ensured a lower start. The overnight weakness in futures was accompanied by a retreat in Europe as investors shied away from risk assets amid the persistent uncertainty. On one hand, Greece will vote for a new parliament on Sunday and it is unclear whether the potential transition of power will upset the bailout agreement with eurozone creditors. On the other hand, yesterday's FOMC decision to hold the policy line has re-invited the rate-hike uncertainty that had pressured equity markets going into the September meeting. The uncertainty remains in place because Fed Chair Yellen, in her press conference, maintained that FOMC members are still looking to raise rates before the year ends.
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The major averages hold modest midday gains with the Nasdaq Composite (+0.4%) trading ahead of the S&P 500 (+0.2%).
Broadly speaking, the first half of the trading day has been quiet ahead of a volatility storm that is expected to be unleashed by the release of the FOMC policy directive at 14:00 ET. That policy statement could call for the first fed funds rate hike in more than nine years, but the fed funds futures market implies only a 30% chance of a that hike taking place today. Similarly, economist polled by Briefing.com expect the Fed to maintain the target rate at 0.25%.
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The major averages strung together their second consecutive advance with the S&P 500 climbing 0.9%. The benchmark index extended its weekly gain to 1.7% while the Nasdaq Composite (+0.6%) underperformed, but still brought its week-to-date advance up to 1.4%. Read More
The stock market raced higher on Tuesday with the Dow Jones Industrial Average (+1.4%) pacing the advance while the S&P 500 (+1.3%) followed not far behind. Thanks to the broad-based rally, the S&P 500 erased all of its decline from Monday and then some, settling at its best level since August 28.
Read MoreThe stock market began the week on a lower note with the S&P 500 surrendering 0.4% while the Nasdaq Composite (-0.3%) outperformed slightly.
Overall, the Monday affair was very quiet with many investors sticking to the sidelines ahead of Thursday's FOMC policy announcement, which could feature a fed funds rate hike. To that point, fewer than 800 million shares changed hands at the NYSE floor versus a 20-day average of 984 million.
Read MoreThe stock market finished the abbreviated trading week on a higher note. The S&P 500 added 0.5%, extending its weekly gain to 2.1% while the Nasdaq Composite (+0.5%) outperformed slightly, adding 3.0% for the week.
Broadly speaking, the Friday session was very quiet and did not feature any major macroeconomic or company-specific developments.
Read MoreThe stock market ended the Thursday session on a higher note after enduring a shaky start to the trading day. The S&P 500 added 0.5%, extending this week's gain to 1.6% while the Nasdaq Composite (+0.8%) outperformed and will enter the Friday session up 2.4% for the week.
Read MoreThe stock market ended Tuesday on a defensive note despite enjoying an upbeat start to the session. The S&P 500 began the day with a 15-point gain, which morphed into a 27-point loss by the close. The benchmark index surrendered 1.4% while the Nasdaq Composite (-1.2%) settled a bit ahead.
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After losing 3.4% last week, the restless stock market began the holiday-shortened week with a broad-based surge. The Nasdaq Composite led the way, spiking 2.7% while the S&P 500 jumped 2.5% with the bulk of the advance taking place at the opening bell.
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The stock market finished the first week of September on a defensive note after a daylong retreat pressured the S&P 500 (-1.5%) back to Wednesday's opening levels. The benchmark index lost 3.4% for the week while the Nasdaq Composite (-1.1%) outperformed, ending the... Read More
U.S. equity futures trade modestly higher amid upbeat action overseas. The S&P 500 futures hover eight points above fair value after hitting their best levels of the morning shortly after Europe opened for action. Since then, futures have surrendered about a third of... Read More
The stock market snapped its two-day skid on Wednesday with the Nasdaq Composite leading the advance. The tech-heavy index climbed 2.5% while the Dow (+1.8%) and S&P 500 (+1.8%) registered slimmer gains. Read More
The major averages trade broadly lower at midday with the Dow Jones Industrial Average (-2.5%) and S&P 500 (-2.6%) trailing the Nasdaq Composite (-2.3%). Equity indices slumped out of... Read More
There was oil today and then there was everything else. That doesn't mean, though, that "everything else" wasn't interesting. It's just that the movement in oil prices was so spectacular that it garnered top billing throughout the session. To the latter point, crude prices were down 3.6% in early trading to... Read More
After enduring a whirlwind week, the major averages ranged near their flat lines throughout the Friday session, ending little changed. Read More
The stock market registered its second consecutive advance on Thursday with the S&P 500 jumping 2.4% while the Nasdaq Composite (+2.5%) outperformed slightly. The market endured a late afternoon swoon, but was able to return to its high by the close. Read More
The stock market rebounded from six days of consecutive losses on Wednesday with the S&P 500 spiking 3.9%. The benchmark index narrowed its weekly loss to 1.5% while the Nasdaq gained 4.2%, trimming this week's decline to 0.2%. Equity indices began the day on a higher note after index futures rallied... Read More
The stock market ended the Tuesday session on a lower note despite starting the day with a sharp spike. The S&P 500 lost 1.4%... Read More
Global equity markets began the last full week of August with a broad-based tumble that began overnight in Asia and continued into the U.S. session. When the dust settled, the S&P 500 ended lower by 3.9% after opening with a 5.3% loss while... Read More
The stock market wrapped up a defensive week with a Friday plunge that sent the S&P 500 (-3.2%) lower by 65 points to levels not seen since late October. For the week, the S&P 500 lost 5.8% while the Nasdaq Composite underperformed, diving... Read More
The stock market registered its third consecutive decline on Thursday with the S&P 500 (-2.1%) slashing below its 200-day moving average (2,078). The benchmark index slid to levels not seen since early February while the Nasdaq Composite (-2.8%) displayed relative weakness throughout the... Read More
The stock market ended the Wednesday session on a lower note after enduring a volatile day that included opening weakness, an afternoon rebound, and a slide from rebound highs. When the dust settled, the S&P 500 ended lower by 0.8%, turning a slim... Read More
After enjoying a broad-based spike on Monday, the stock market surrendered more than half of that gain on Tuesday. The S&P 500 lost 0.3%, narrowing its weekly advance to 0.3%, while the Nasdaq Composite (-0.6%) underperformed. Although the Tuesday session produced a different outcome than Monday's affair, investor participation remained below-average... Read More
The stock market began the trading week on an upbeat, albeit quiet, note with the S&P 500 climbing 0.5%. The benchmark index turned an opening ten-point loss into an eleven-point gain while the Nasdaq Composite (+0.9%) displayed relative strength throughout the session. Equity indices faced some short-lived weakness at the start... Read More
The stock market ended a volatile week on a modestly higher note with the S&P 500 adding 0.4%. The benchmark index extended its weekly gain to 0.7% while the Nasdaq Composite (+0.3%) underperformed, ending the week higher by 0.1%. The first four trading days of the week were jam-packed with macroeconomic... Read More
The major averages hold modest midday gains with the Nasdaq Composite (+0.4%) trading just ahead of the Dow Jones Industrial Average (+0.3%) and S&P 500 (+0.3%). The first half of today's session has been relatively quiet after Asian markets rebounded across the board during overnight action. The People's Bank of China... Read More
Global equity markets retreated on Tuesday as investors responded to the overnight devaluation of China's yuan. Specifically, the People's Bank of China lowered the yuan fix by the largest amount on record, sending the USD/CNY pair higher by 1.9% to 6.3249. The move invited renewed trepidations about the pace of... Read More
The stock market began the trading week on a sharply higher note with the S&P 500 spiking 1.3% while the Dow (+1.4%) and Nasdaq (+1.2%) bookended the benchmark index. font color="#000000" face="Calibri"... Read More
The major averages closed out the first week of August on a lower note with the S&P 500 losing 0.3%. The benchmark index settled just above its 200-day moving average (2,073) after testing that level for the first time since... Read More
The major indices have not acted well in the early-going, cutting through the morass of a flattish open to engage in a trend-down day so far. The timing of the move is interesting and also somewhat telling. That is, the weakness comes on the heels of a relatively disappointing rebound... Read More
The stock market snapped its three-day skid on Wednesday with the S&P 500 climbing 0.3%. The benchmark index settled behind the Nasdaq Composite (+0.7%), but ahead of the Dow Jones Industrial Average (-0.1%), which ended in the red. Equity indices began the day with gains, but the early strength was just... Read More
Paycom Software, Inc. (PAYC) Paycom Software is up 20% today after releasing a promising earnings report yesterday afternoon. Results came in better than expected compared to analyst projections, and guidance was also strong for the third quarter. The company's EPS was 10 cents per share, beating the... Read More
The stock market registered its third consecutive decline on Tuesday with the S&P 500 shedding 0.2% while the Dow Jones Industrial Average (-0.3%) underperformed. Equity indices spent the first... Read More
The stock market began August on a defensive note with a retreat that sent the S&P 500 below its 50-day (2,099) moving average. The benchmark index was down as much as 0.8%, but narrowed its loss to 0.3% by the close, ending ahead of the Dow Jones Industrial Average (-0.5%). Equities... Read More
The stock market ended July on a cautious note with the S&P 500 shedding 0.2%. Despite today's downtick, the benchmark index added 1.2% for the week, ending the month higher by... Read More
The stock market ended the Thursday session on a slightly higher note after rebounding off its opening low. The S&P 500 settled just above its flat line while the Nasdaq Composite (+0.3%)... Read More
The stock market registered its second consecutive advance on Wednesday with the S&P 500 climbing 0.7% to extend its weekly gain to 1.4%. The benchmark index overtook its 100- (2,095) and 50-day... Read More
The stock market snapped its five-day losing streak with a daylong Tuesday rally that sent the S&P 500 higher by 1.2%. The benchmark index tested its 100-day moving average (2,095) during afternoon... Read More
The stock market began the trading week on a cautious note with... Read More
It can't be said that the week closed on a high note — certainly not for the broader market anyway. There were some individual standouts like Amazon.com (AMZN 530.50, +48.32),... Read More
U.S. equity futures trade little changed following a range-bound night that saw S&P 500 futures trade inside a five-point range. Currently, futures on the benchmark index hover three points above fair value. Today's economic data will be limited to weekly Initial Claims, which will be released at 8:30 ET (Briefing.com consensus... Read More
The stock market ended the midweek session on a lower note with the Nasdaq Composite pacing today's retreat. The tech-heavy index lost 0.7% while the Dow (-0.4%) and S&P 500 (-0.2%) settled closer to their flat lines. font color="#000000"... Read More
The stock market retreated on Tuesday with the Nasdaq Composite (-0.2%) backing away from yesterday's record close. However, the tech-heavy index held up relatively well considering the Dow (-1.0%) and S&P 500 (-0.4%) registered wider losses. font color="#000000" face="Calibri"... Read More
The stock market began the week on a higher, albeit sleepy, note with the S&P 500 (+0.1%) testing its record close from May. The benchmark index backed away from its session high into the close, settling a bit behind the Nasdaq Composite (+0.2%),... Read More
The major averages finished an upbeat week on a mixed note with the Nasdaq Composite (+0.9%) posting a solid gain while the Dow (-0.2%) and S&P 500 (+0.1%) underperformed throughout the... Read More
The major averages sport midday gains with the Nasdaq Composite (+1.0%) trading well ahead of the Dow Jones Industrial Average (+0.2%) as blue chip names struggle to keep pace with biotechnology and technology. Today's advance began in the futures market last night with better than expected earnings from Intel (INTC... Read More
The major averages snapped their four-day win streak on Wednesday as the market slipped into the red during afternoon action. It is worth noting that the late slip occurred amid reports... Read More
The major average registered their fourth consecutive advance on Tuesday with the S&P 500 climbing 0.5%. The benchmark index reclaimed its 50-day moving average (2,100) at the start of the session... Read More
The stock market began the trading week on an upbeat note with the S&P 500 (+1.1%) registering the bulk of its 23-point gain shortly after the opening bell. The benchmark index padded that advance during the final hour, settling just below its 50-day moving average (2,100). Equity indices spiked at the... Read More
The major averages ended the week on an upbeat note with the S&P 500 climbing 1.2%. Thanks to the advance, the benchmark index returned above its 200-day moving average (2,056), ending the week little changed. p... Read More
U.S. equity futures trade sharply higher amid upbeat action overseas. The S&P 500 futures hover 21 points above fair value after climbing steadily throughout the night. The overnight advance occurred as China's... Read More
The major averages ended the midweek session on a lower note following a trading day that featured numerous trading halts at home and abroad. The S&P 500 fell below its 200-day moving average (2,056), ending lower by 1.7% while the Nasdaq Composite (-1.8%)... Read More
The stock market was on track for a sharp decline in the early going, but the opening weakness became a distant memory by the end of the trading day. The S&P 500... Read More
Monday was a busy day for equities across the globe, beginning with an overnight slide in the futures market after the Greek referendum produced 61.3% 'no' votes, rejecting the bailout terms previously... Read More
The major averages ended an abbreviated trading week on a cautious note, which wasn't all that surprising since the weekend will feature a Sunday referendum in Greece. The S&P 500 settled... Read More
div style="border: currentColor; border-image: none; text-align: left; color: rgb(0, 0,... Read More
The stock market ended the final June session on a higher note, but that did not stop the S&P 500 (+0.3%) from registering a 2.1% loss for the month. Equity indices... Read More
Greek leaders said 'no' to the Eurogroup's cash-for-reform proposal and investors around the world in turn said 'no' to buying stocks on Monday. Just about every major market closed down at least 2.0%. The hardest-hit markets were the European bourses, which included Germany's DAX Index (-3.6%) and Spain's span... Read More
The stock market ended the week on a mixed note with the Dow Jones Industrial Average (+0.3%) posting a modest gain while the Nasdaq... Read More
The stock market registered its second consecutive decline on Thursday with the S&P 500 (-0.3%) sliding below its 50-day simple moving average (2,107). The benchmark index held a modest gain through the... Read More
The stock market ended the midweek session on a broadly lower note with the S&P 500 losing 0.7% and turning negative for the week (-0.1%). Equity indices began the day with... Read More
The major averages ended the Tuesday session on a modestly higher note after spending the bulk of the day near their flat lines. The S&P 500 added 0.1% after trading inside an eight-point range. Equity indices held modest gains at the start amid continued optimism that Greece will be able to... Read More
The stock market opened the new trading week on a higher note with the Dow and S&P 500 gaining 0.6% apiece while the Nasdaq Composite (+0.7%) outperformed. Equity indices... Read More
The stock market ended an upbeat week on a lower note as participants showed reluctance to step in ahead of a weekend that will be filled with uncertainty related to Greece. The S&P 500 lost 0.5% on Friday, but gained 0.8% for the... Read More
U.S. equity futures trade modestly higher despite cautious action overseas. The S&P 500 futures hover four points above fair value after climbing off their lows ahead of the European session. The Eurogroup has begun today's meeting with little hope that a deal will be struck between Greece and its creditors. Meanwhile,... Read More
The stock market ended the midweek session on an upbeat note with the S&P 500 settling four points below its 50-day moving average (2,104). The benchmark index added 0.2% while the Dow and Nasdaq posted comparable gains. font color="#000000"... Read More
The stock market ended the Tuesday session on an upbeat note with the S&P 500 adding 0.6%. In addition to posting a solid gain, the benchmark index reclaimed its 100-day moving average (2,089) after settling below that mark on Monday. Equity indices began the day near their flat lines and rallied... Read More
The major averages hover in the red at midday with the S&P 500 (-0.4%) trading behind the Dow (-0.6%) and Nasdaq Composite (-0.5%). Equity indices stumbled out of the... Read More
The stock market ended the week on a lower note with the Dow Jones Industrial Average pacing the Friday decline. The price-weighted index lost 0.8%, but added 0.3% for the week, while the S&P 500 settled lower by 0.7%, narrowing its weekly gain to a slim 0.1%. The Friday session started... Read More
U.S. equity futures trade near their flat lines after spending the night inside narrow ranges. The S&P 500 futures hover three points above fair value after maintaining a four-point range throughout the night. This week has been very quiet on the economic front, but things will get a bit busier today... Read More
After struggling with its 100-day moving average (2,086) on Tuesday, the S&P 500 wasted no time charging back above that mark on Wednesday. The benchmark index gained 1.2% while the Dow (+1.3%) and Nasdaq Composite (+1.3%) outperformed throughout the session. In addition to regaining its 100-day average,... Read More
The major averages ended the Tuesday session near their flat lines with the S&P 500 registering a slight gain (+0.04%) to snap its three-day skid while the Nasdaq Composite (-0.2%) settled in the red. Equity indices slumped at the start with investor sentiment pressured by the continued lack of progress between... Read More
The major averages began the new trading week on a cautious note with the S&P 500 (-0.7%) settling beneath its 100-day moving average (2,085) for the first time since late March. The benchmark index retreated into the afternoon while the Nasdaq Composite (-0.9%)... Read More
The stock market ended the week on a flat note, locking in its second consecutive weekly decline. The S&P 500 shed 0.1%, losing 0.7% for the week while the Nasdaq Composite... Read More
The stock market finished the Thursday session on a lower note following a daylong retreat that sent the S&P 500 (-0.9%) below its 50-day moving average (2,100). As a result, the benchmark... Read More
The stock market ended the midweek session on a modestly higher note, but once again, investor participation was on the light side with fewer than 670 million shares changing hands at the NYSE floor. The S&P 500 added 0.2% while the Nasdaq Composite (+0.5%) outperformed. Equity indices began the day... Read More
The stock market registered a slim loss on Tuesday, making for a near carbon copy of yesterday's affair with the S&P 500 shedding 0.1%. Equities faced some selling pressure... Read More
The stock market began June on a modestly higher note with the S&P 500 adding 0.2%. Index futures spiked just before 7:00 ET, reacting to chatter that a deal between Greece and its creditors will be announced today. That rumor was struck down within 15 minutes of making the rounds, but... Read More
The major averages registered their second consecutive decline on Friday, but they managed to end May in the green. The S&P 500 lost 0.6% today, but added 1.1% for the month while the Nasdaq Composite (-0.6%) ended in-line with the S&P 500 on Friday, but gained 2.6% in May. Equity indices... Read More
The stock market spun its wheels throughout the Thursday session, ending on a modestly lower note. The S&P 500 shed 0.1% after spending the entire day in negative territory amid light volume. Equity indices began the day in the red with some residual damage to risk tolerance after China's Shanghai Composite... Read More
The major averages enjoyed a daylong rally on Wednesday that helped the S&P 500 (+0.9%) narrow its week-to-date decline to just 0.1%. Meanwhile, the Nasdaq Composite (+1.5%) closed at a fresh record high (5,106.59) and turned its weekly decline into a 0.3% advance... Read More
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The stock market endured a range-bound Friday, which was a fitting end to a quiet week. The S&P 500 settled lower by 0.2% after spending the day in a six-point range... Read More
The major averages hold modest midday gains with the Nasdaq Composite (+0.4%) trading ahead of the S&P 500 (+0.3%). True to recent form, the stock market has spent the first half of the session in a narrow range with the S&P 500 bouncing between 2,122 and 2,133. The benchmark index spent... Read More
The major averages finished the midweek session on a flat note. The S&P 500 shed 0.1%, but still marked a fresh intraday record high at 2,134.72 while the Nasdaq Composite (unch) outperformed. p style="margin: 0in 0in... Read More
The major averages ended the Tuesday session on an unchanged note after spending the entire day near their flat lines. The S&P 500 settled lower by 0.1% while the Dow Jones Industrial Average (+0.1%) outperformed slightly, edging up to another record closing high. Overall, the Tuesday session was a snoozer that... Read More
The stock market kicked off the new trading week on an upbeat note. The Nasdaq Composite led the way, climbing 0.6%, while the Dow Jones Industrial Average (+0.1%) and S&P 500 (+0.3%) underperformed, but still registered new record closing highs at 18,298.88 and... Read More
The stock market ended the Friday session on a flat note and completed its second consecutive weekly round trip. The S&P 500 (+0.1%) settled just above its flat line, inching up to a new closing record high at 2,122.73 while the Nasdaq (-0.1%) lagged throughout the day. For the week,... Read More
U.S. equity futures trade near their pre-market highs amid upbeat action overseas. The S&P 500 futures hover 12 points above fair value with the entire advance coming after the start of the European session. Meanwhile, Treasuries have recovered the bulk of yesterday's losses with the 10-yr yield down two basis points... Read More
The stock market ended the midweek session on a flat note after sliding from its opening high. The S&P 500 settled just below its flat line to register its third consecutive decline while the Nasdaq Composite (+0.1%) outperformed throughout the day. Prior to the open, the Retail Sales report for April... Read More
U.S. equity futures trade near their pre-market lows amid cautious action overseas. The S&P 500 futures trade 17 points below fair value after notching their lows at the start of the European session. The retreat in futures has occurred amid continued weakness in Treasuries with the 10-yr yield higher by... Read More
The stock market followed up Friday's broad-based rally with an outing on Monday that never got on track due to a variety of reasons: Technical resistance The S&P 500 got brushed back early following a test of its closing high for the year (2117.69) Rising long-term rates with the yield on the 10-yr... Read More
The stock market enjoyed a broad-based surge on Friday, which helped the S&P 500 (+1.4%) erase its weekly loss. As a result, the benchmark index added 0.4% for the week. Equity indices registered the bulk of their gains at the open thanks to a pair of factors that underpinned the sharp... Read More
The major averages hover near their highs at midday with the Dow Jones Industrial Average (+0.7%) and Nasdaq Composite (+0.7%) trading ahead of the S&P 500 (+0.5%). The current standing represents a drastic shift from the dynamic that was on display during the overnight session when Treasuries and index futures faced... Read More
The stock market registered its second consecutive decline on Wednesday with the S&P 500 (-0.5%) bouncing off its 100-day moving average (2,070). Equity indices began the day with slim gains, but the Dow, Nasdaq, and S&P 500 quickly returned below their 50-day moving averages and continued lower throughout the day. Adding... Read More
The stock market ended the Tuesday session on a sharply lower note following a daylong retreat that was paced by the Nasdaq Composite (-1.6%). For its part, the S&P... Read More
The stock market kicked off the new trading week on an upbeat,... Read More
The stock market ended a defensive week on an upbeat note. The S&P 500 gained 1.1% to narrow its weekly decline to 0.4% while the Nasdaq (+1.3%) outperformed slightly today, but lost 1.7% since last Friday. The final session of the week was very quiet with the bulk of the action... Read More
The stock market has spent the first half of the Thursday session in negative territory with the Russell 2000 (-1.3%) and Nasdaq Composite (-1.1%) trading behind the S&P 500 (-0.7%). Equity indices slumped at the start, all but ignoring generally positive economic data. Instead, the market has been pressured by losses... Read More
The stock market ended the midweek session on a modestly lower note. The S&P 500 shed 0.4% while the Nasdaq Composite (-0.6%) underperformed throughout the session. Equity indices struggled in the early going after the advance reading of Q1 GDP (0.2%; Briefing.com consensus 1.0%) missed expectations. However, that disappointment was... Read More
The stock market ended the Tuesday session on a mixed note with the Dow (+0.4%) and S&P 500 (+0.3%) registering modest gains while the Nasdaq (-0.1%) settled in the red. Equity indices spent the bulk of the trading day near their flat lines, save for a morning retreat, which was retraced... Read More
The stock market began the week with a pullback from record levels, but not before setting fresh intraday record highs during the opening minutes of action. The S&P 500 (-0.4%) registered its first decline in four sessions while the Nasdaq Composite (-0.6%) underperformed.... Read More
The stock market wrapped up a strong week with a record finish even as economic data remained weak. The S&P 500 settled higher by 0.2% and registered a fresh record closing high at 2117.69 while the Nasdaq Composite (+0.7%) outperformed and posted another record close. Tragically, the Dow Jones Industrial... Read More
The stock market posted its second consecutive gain with the S&P 500 (+0.2%) notching a fresh intraday record high at 2,120.49. More notably, the Nasdaq Composite (+0.4%) set a... Read More
The major averages registered modest midweek gains with the S&P 500 (+0.5%) ending... Read More
The stock market ended Tuesday on a mixed note with the Dow and S&P 500 losing 0.5% and 0.2%, respectively, while the Nasdaq Composite (+0.4%) outperformed. Today's session was relatively quiet... Read More
The stock market began the week on an upbeat note with the S&P 500 (+0.9%) erasing the bulk of its decline from Friday. The benchmark index reclaimed its 50-day moving average (2,086) at the start and spent the remainder of the day near... Read More
The major averages ended Friday with a broad-based retreat that caused the market to turn negative for the week. The S&P 500 lost 1.1%, ending the week lower by 1.0%, while the... Read More
The major averages ended Thursday on a modestly lower note, but they were able to climb off their opening lows. The S&P 500 shed 0.1% after spending the day in a 12-point... Read More
The stock market ended the midweek session on an upbeat note after climbing throughout the day. The S&P 500 gained 0.5% while the Russell 2000 (+0.7%) spent the day in the lead. Equity indices rallied out of the gate, all but ignoring news that China's GDP growth (+7.0% year-over-year) has... Read More
. The major averages ended Tuesday on a mixed note after spending the day near their flat lines. The S&P 500 added 0.2% while the Nasdaq settled lower by 0.2%. Equity indices slipped... Read More
The major averages began the new trading week on a lower note. The S&P 500 surrendered 0.5% after spending the day in a steady retreat from its opening high while the Nasdaq Composite shed 0.2% after showing relative strength throughout the day. p... Read More
The major averages ended the week on an upbeat note with the S&P 500 adding 0.5%. The benchmark index extended its weekly advance to 1.7% while the Nasdaq Composite (+0.4%) underperformed... Read More
The stock market has endured a volatile start to the Thursday session. The S&P 500 (+0.1%) currently holds a modest gain, which puts the index in the top half of today's trading range. Equity indices began the day with slim gains amid early strength in biotechnology, but the market hit a... Read More
The stock market ended Wednesday on a higher note, but not before making a couple appearances in the red. The S&P 500 added a modest 0.3% while the Nasdaq Composite (+0.8%) outperformed.br... Read More
Equity indices halted their two-day win streak on Tuesday with the S&P 500 shedding 0.2%. The benchmark index surrendered its modest intraday gain during the final hour while the Nasdaq Composite (-0.1%)... Read More
The major averages began the week on an upbeat note after shaking off their opening losses that were brought on by a disappointing jobs report for March. The S&P 500 spiked 0.7% while the Nasdaq Composite (+0.6%) followed not far behind. The Nonfarm Payrolls report for March was released on Friday... Read More
The major averages eked out modest gains on Thursday after spending the day inside narrow ranges. The S&P 500 gained 0.4% while the Nasdaq Composite (+0.1%) underperformed. The market ended the abbreviated week on a mixed note with the S&P 500 adding 0.3% while the Nasdaq shed 0.1% for the... Read More
The major averages kicked off April with a retreat that sent the S&P 500 lower by 0.4%. The benchmark index settled in-line with the Dow Jones Industrial Average and the Nasdaq Composite, with the latter catching up during the final hour. Equity indices spent the entire day in the red and... Read More
The stock market extended its March decline on Tuesday, but was able... Read More
The major averages rallied throughout the Monday session with the Dow Jones Industrial Average (+1.5%) ending in the lead while the S&P 500 (+1.2%) and Nasdaq (1.2%) followed not far behind. The key indices began the week on an upbeat note, aided by overnight news indicating China has loosened its lending... Read More
The major averages registered their first advance of the week on Friday with the Nasdaq Composite (+0.6%) ending ahead of the S&P 500 (+0.2%). Despite today's modest uptick, the two indices... Read More
U.S. equity futures trade near their pre-market lows amid defensive action overseas. The S&P 500 futures hover 13 points below fair value after retreating throughout the night. The pullback in futures has taken place despite dollar weakness that has the Dollar Index (96.54, -0.44) trading lower by 0.5%. However, it is... Read More
The stock market registered its third consecutive decline on Wednesday with the S&P 500 ending lower by 1.5%. The benchmark index settled below its 50-day moving average (2,067) while the Nasdaq Composite (-2.0%) underperformed throughout the day. The S&P 500 hovered near its flat line during the opening hour, but high-beta... Read More
The stock market registered its second consecutive decline on Tuesday with the S&P 500 retreating 0.6%. The benchmark index ended in-line with the Dow Jones Industrial Average while the Nasdaq Composite (-0.3%) outperformed slightly. Equity indices traded near their flat lines through the first half of the session before sliding to... Read More
The stock market began the trading week on a sleepy note. The Dow Jones Industrial Average (-0.1%) and S&P 500 (-0.2%) surrendered their slim gains during the final hour while the Nasdaq Composite settled lower by 0.3% after lagging throughout the session. p... Read More
The major averages ended the week on an upbeat note with the Dow Jones Industrial Average (+0.9%) in the lead. The price-weighted index ended the week higher by 2.1% while the S&P 500 (+0.9%) gained 2.7% for the week. p style="margin: 0in 0in... Read More
U.S. equity futures hold slim pre-market losses following yesterday's broad-based surge that sent the S&P 500 higher by 1.2%. The S&P 500 futures hover one point below fair value. The Dollar Index (98.78, +0.22) plunged shortly after yesterday's cash close, but is now back at levels seen two weeks ago. Meanwhile,... Read More
The stock market spent the first half of the Wednesday session in the red, but surged into the green following the latest policy statement from the Federal Open Market Committee. The... Read More
Happy St Patrick's Day. The stock market ended the Tuesday session on a mixed note ahead of Wednesday's release of the latest policy directive from the Federal Reserve. The Nasdaq Composite added 0.2% while the S&P... Read More
The stock market rebounded from last week's decline with a Monday rally that sent the S&P 500 (+1.4%) back above its 50-day moving average (2,060). The benchmark index narrowed its March... Read More
Triskaidekaphobia or the fear of the number 13. Friday the thirteen was not good to the markets today. The stock market finished the week on a defensive note with the S&P 500 (-0.6%) returning below its 50-day moving average (2,059). The benchmark index settled ahead of the Dow Jones Industrial... Read More
The major averages sport solid midday gains with the Dow (+1.0%) and S&P 500 (+0.9%) trading ahead of the Nasdaq Composite (+0.6%). Equity indices charged out of the gate and registered the bulk of their gains during the opening hour as part of a broad-based rebound after two days of selling.... Read More
The Dow (-0.2%), Nasdaq (-0.2%), and S&P 500 (-0.2%) registered modest losses on Wednesday while the Russell 2000 (+0.6%) outperformed. The small-cap index climbed steadily throughout the afternoon while the S&P... Read More
The stock market endured a daylong selloff on Tuesday with the S&P 500 (-1.7%) sliding below its 50-day moving average. The benchmark index surrendered its Q1 gain and is now down 0.7% since the end of 2014 while the Dow (-1.9%) underperformed. Equities stumbled out of the gate after the Dollar... Read More
The stock market began the week on an upbeat note with the Dow Jones Industrial Average (+0.8%) pacing the Monday advance. The price-weighted index settled well ahead of the S&P 500... Read More
The major averages ended the week on a broadly lower note with the Dow (-1.5%) and S&P 500 (-1.4%) surrendering the bulk of their 2015 gains. The two indices narrowed their respective quarter-to-date gains to 0.2% and 0.6% while the Nasdaq Composite (-1.1%) outperformed and remains higher by 4.0% since... Read More
The stock market ended the Thursday session on a modestly higher note with the Nasdaq Composite (+0.3%) settling in the lead. The tech-heavy index is now up 0.4% week-to-date, while the S&P 500 (+0.1%) will enter the Friday session lower by 0.2% for the week. In a way, today's session fit... Read More
The stock market registered its second consecutive retreat on Wednesday with the S&P 500 losing 0.4%. The benchmark index managed to cut its loss in half by the closing bell while the... Read More
The stock market endured a broad-based retreat on Tuesday that caused the S&P 500 (-0.5%) to surrender the bulk of its advance from Monday. The benchmark index settled ahead of the Nasdaq Composite (-0.6%) with eight sectors registering losses. All in all, it... Read More
The first trading day of March was a good day for the stock market and a lousy day for the Treasury market. The former rallied, featuring a return above 5,000 for the Nasdaq Composite and new record closes for both the Dow Jones... Read More
The stock market capped a quiet week with a subdued Friday session. However, it is worth noting that the range-bound week followed sharp gains registered earlier this month. The S&P 500 shed 0.3% on Friday to narrow its February gain to 5.5% while the Nasdaq Composite (-0.5%) underperformed today, but... Read More
The major averages hover near their flat lines at midday with the Dow (-0.1%) and S&P 500 (-0.1%) showing modest losses while the Nasdaq Composite (+0.4%) has displayed relative strength since... Read More
The stock market ended the midweek session on a flat note after spending the trading day in a narrow range. The S&P 500 shed 0.1% while the Nasdaq (-0.02%) registered its first loss since February 9. Once again, today's session featured below-average activity with only 688 million shares changing hands at... Read More
The major averages endured another quiet session on Tuesday before a late afternoon rally sent the S&P 500 (+0.3%) to a new record high. The price-weighted Dow (+0.5%) outperformed while the Nasdaq Composite (+0.1%) and Russell 2000 (+0.1%) struggled to keep up. Once... Read More
The major averages began the new week on a sleepy note. The S&P 500 ended flat after spending the day in a seven-point range while the Nasdaq (+0.1%) finished a little ahead... Read More
WRAPX Closing Market Summary: S&P 500 Settles at Fresh Record High The major averages finished what had been a range-bound week with a Friday rally that helped the S&P 500 (+0.6%) add 0.6% for the... Read More
The stock market endured yet another range-bound, low-volume affair that saw the S&P 500 (-0.1%) end just below its flat line. The benchmark index will enter Friday unchanged for the week while... Read More
The major averages finished the Wednesday session on a flat note thanks to a late afternoon crawl that lifted the market off its low. The S&P 500 ended unchanged while the Nasdaq... Read More
The stock market kicked off an abbreviated trading week with a sleepy Tuesday session that had the S&P 500 (+0.2%) locked in an eleven-point range while the tech-heavy Nasdaq (+0.1%) spent the... Read More
The stock market finished a strong week on an upbeat note with the S&P 500 (+0.4%) setting a fresh closing record high at 2,096.99. The benchmark index posted a weekly gain of 2.0% while the Nasdaq Composite (+0.8%) outperformed to end the week higher by 3.2%. Equity indices climbed out of... Read More
The stock market finished the Thursday session on a broadly higher note. The S&P 500 (+1.0%) settled just six points below its record high that was registered in late December while the Nasdaq Composite (+1.2%) outperformed. Equity indices began the day with modest gains and continued their advance in undisturbed fashion... Read More
The stock market ended the midweek session on a flat note. The Dow and S&P 500 settled just below their unchanged levels while the Nasdaq Composite (+0.3%) outperformed throughout the session. font... Read More
The major averages snapped their two-day losing streak with a Tuesday rally that allowed the S&P 500 (+1.1%) to settle at its best level of the year. The benchmark index finished ahead of the Dow (+0.8%) and Russell 2000 (+0.6%), but behind the Nasdaq Composite (+1.3%). Market participants were greeted this... Read More
The stock market kicked off the new week on a sleepy note with the S&P 500 (-0.4%) spending the day in a 15-point range. The benchmark index settled ahead of the Dow (-0.5%), but that was a small victory considering the S&P 500... Read More
. The major averages capped a strong week with a defensive finish. The S&P 500 lost 0.3%, to narrow its weekly gain to 3.0% while the Nasdaq (-0.4%) underperformed, but managed to... Read More
The major averages zoomed higher on Thursday, allowing the S&P 500 (+1.0%) to reclaim its loss from yesterday and then some. The benchmark index erased the remainder of its decline from January while the Dow (+1.2%) and Russell 2000 (+1.3%) outperformed. Equity indices made the bulk of their advance during the... Read More
The stock market ended the Wednesday session on a lower note. The S&P 500 lost 0.4% after tumbling from its high to a new low during the final 30 minutes of action. Equity indices endured some choppy waters after the S&P 500 spiked nearly 3.0% during the first two sessions of... Read More
The stock market registered its second consecutive advance with the S&P 500 climbing 1.4% to retake its 50-day moving average (2,044). The price-weighted Dow (+1.8%) fared a bit better while the Nasdaq Composite (+1.1%) underperformed. Equities displayed strength from the get-go after markets in Europe responded positively to a Financial Times... Read More
The stock market began the new trading week on a higher note. The S&P 500 spiked 1.3% while the Nasdaq (+0.9%) and Russell 2000 (+0.9%) underperformed. Overall, the Monday session... Read More
The stock market ended a down month on a sharply lower note. The Dow (-1.5%) and S&P 500 (-1.3%) widened their respective January losses to 3.7% and 3.1% while the Nasdaq Composite (-1.0%) lost 2.1%. Furthermore, this marked the first time since early 2012 that the market registered losses in... Read More
U.S. equity futures trade little changed amid subdued action overseas. The S&P 500 futures hover two points below fair value after spending the night in a steady advance off overnight lows. On... Read More
The stock market finished the midweek session on a lower note despite showing considerable strength in the... Read More
The major averages stumbled on Tuesday with the S&P 500 (-1.3%) returning below its 50-day moving average (2,047). The benchmark index settled ahead of the Dow Jones Industrial Average (-1.7%), but behind the Russell 2000 (-0.5%). Stocks careened lower at the start of today's session after several large companies cautioned that... Read More
The stock market began the new week on a quiet note with the Dow (unch), Nasdaq (+0.3%), and S&P 500 (+0.3%) settling near their flat lines. The small-cap Russell 2000 (+1.0%) outperformed, but the action took place against the backdrop of anemic trading... Read More
The stock market capped a solid week with a shaky Friday session. The S&P 500 lost 0.6%, but still gained 1.6% for the week while the Nasdaq Composite (+0.2%) was able to register its fifth consecutive advance. Equity indices began the day amid selling activity that started in the futures market... Read More
The major averages registered their fourth consecutive advance on Thursday with the S&P 500 (+1.5%) reclaiming its 50-day moving average (2046/2047). The benchmark index erased its January loss while the Russell 2000 (+2.0%) displayed relative strength throughout the day. font color="#000000"... Read More
Equity indices enjoyed their third consecutive advance on Wednesday with the S&P 500 climbing 0.5%. The highly-anticipated policy meeting at the European Central Bank will take place tomorrow morning, but that did not stop the Wednesday session from being filled with central bank-related storylines. The Bank of Japan got the ball... Read More
The stock market kicked off the holiday-shortened week with a shaky Tuesday session. The S&P 500 settled higher by 0.2% after finding intraday support near its 100-day moving average (2007/2008). The tech-heavy Nasdaq outperformed, climbing 0.4%. Read More
The major averages snapped their five-day losing streak with a broad-based advance on Friday. The S&P 500 (+1.3%) reclaimed its 100-day moving average (2,007) and narrowed its weekly decline to 1.2%. The stock market was on shaky footing in the early going, but the overall risk tolerance was improved by a... Read More
The major averages continued their rough week with the S&P 500 (-0.9%) registering its fifth consecutive decline after failing to hold the 100-day moving average (2007). The price-weighted Dow Jones Industrial Average (-0.6%) fared a bit better while the Nasdaq Composite (-1.5%) and Russell 2000 (-1.7%) underperformed. This morning, market participants... Read More
The major averages endured their fourth consecutive decline with the S&P 500 (-0.6%) making an intraday appearance below its 100-day moving average (2,007). The tech-heavy Nasdaq outperformed, but still lost 0.5%. Equities faced selling pressure from the start after the overnight session failed to alleviate the growth concerns that contributed to... Read More
The stock market enjoyed broad-based support at the start of the Tuesday session, but the opposite was true when the session ended. The S&P 500 lost 0.3% with eight sectors settling in the red. The final standing masks the fact that the benchmark index was up in excess of 1.0% at... Read More
The stock market began the new week on the defensive with the Nasdaq (-0.8%) and S&P 500 (-0.8%) pacing the slide. The Dow (-0.5%) and Russell 2000 (-0.3%) outperformed, but the two indices also spent the bulk of the day in negative territory.... Read More
The major averages rebounded from their recent swoon with the S&P 500 (+1.2%) posting its first gain in six sessions. The benchmark index settled just behind the Nasdaq Composite (+1.3%) while the Dow Jones Industrial Average (+1.2%) and Russell 2000 (+1.2%) ended in-line with the S&P 500. The midweek advance occurred... Read More
Equity indices ended the Tuesday session in the red with the Russell 2000 (-1.7%) pacing the retreat. Meanwhile, the S&P 500 lost 0.9% with eight sectors registering losses. The stock market held up relatively well through the first hour of action, but the return of some recent concerns pressured cyclical sectors... Read More
The stock market began the first full week of 2015 on a cautious note. The S&P 500 lost 1.8% while the Russell 2000 (-1.3%) outperformed. Stocks began sliding at the sound of the opening bell amid weakness in Europe that was brought on by renewed fears of a potential Greek exit... Read More
The stock market began 2015 on a cautious note with the major averages surrendering their opening gains. The S&P 500 ended flat while the Dow Jones Industrial Average (+0.1%) settled just above its flat line. Equity indices started the day with broad-based gains, but the early buying spree ended in a... Read More
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