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The trading day is done and the year is too. The former wasn't too special, but the latter was. The major indices closed today with losses ranging from 0.5% to 0.9%, unable to live up to the bullish bias that prevailed in pre-market... Read More
It was a literal grind for the major indices Thursday, which held to extremely tight trading ranges throughout the day, clinging to modest gains that got extended slightly in the final hour of trading. When it was all said and done, the major indices closed up between 0.2% and 0.3%. There wasn't... Read More
There was little change in the stock market on Wednesday, which was basically the case throughout the session. The major indices were confined to tight trading ranges, vacillating within close proximity to Tuesday's closing levels. The lack of conviction was consistent with Tuesday's trading,... Read More
It was a lackadaisical day of trading on Wall Street as many participants clearly found better things to do the day after Christmas than buy or sell stocks. The trading proof of point was in the volume, which totaled just 528 million shares at the NYSE versus 650 million... Read More
Friday's trading session for the stock market was a forgettable one and that's exactly how most market participants probably hoped it would be. There were no fireworks ahead of Monday's Christmas holiday, which will leave capital... Read More
U.S. equity futures point to a modestly higher start to the Thursday session with the S&P 500 futures trading roughly five points above fair value. With the tax vote in the rear-view mirror and Christmas on the immediate horizon, it would not be a surprise to see a decline in daily... Read More
U.S. equities ticked lower on Wednesday as investors contemplated their next move following the passage of tax reform. The S&P 500 (-0.1%), the Nasdaq Composite (unch), and the Dow Jones Industrial Average (-0.1%) each finished a tick below their flat lines. Small caps outperformed,... Read More
U.S. equities slipped from record highs on Tuesday as investors cautiously awaited the Senate's vote on tax reform. The major indices held modest losses throughout most of the session, and a late wave of selling left them near their session lows. The Dow Jones... Read More
Investors pushed U.S. equities to new record highs on Monday, excited by the promising outlook for the GOP's tax reform bill. The Nasdaq Composite (+0.8%), the Dow Jones Industrial Average (+0.6%), and the S&P 500 (+0.5%) each settled at new all-time highs. However, modest selling in the afternoon left the indices... Read More
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Equities advanced to new record highs on Friday, underpinned by a renewed faith in tax reform. The Nasdaq (+1.2%), the S&P 500 (+0.9%), and the Dow Jones Industrial Average (+0.6%) each finished at a new all-time high, ending the week with gains between 0.9% and 1.4%. The Russell 2000 (+1.6%) outperformed, bouncing back from a disappointing outing on Thursday, but the small-cap index did not close at a record high. Wall Street was bullish from the jump, but stocks went on to double their opening gains following reports that Senator Marco Rubio (R-FL) will vote in favor of the GOP's tax reform bill. Mr. Rubio's support was in question prior to the reports after he said on Thursday that he would vote against the measure unless the final bill further expands the child tax credit for lower-income households. To ease Mr. Rubio's concerns, the proposed child tax credit was increased to $1,400 from $1,100. In addition, Senator Bob Corker (R-TN) announced that he will also support the tax reform bill. Mr. Corker's support is seen as a sign that the GOP has secured enough votes to pass the measure since Mr. Corker was the only Republican to vote against the Senate's original version of the bill. A final vote is expected to take place early next week. Friday's rally was broad as 10 of 11 S&P 500 sectors finished in positive territory. The top-weighted technology (+1.2%), financials (+1.0%), and health care (+1.2%) sectors, which comprise more than half of the broader market combined, were among the top-performing groups. Conversely, the energy sector struggled, closing a tick below its unchanged mark. In corporate news, Adobe Systems (ADBE 177.49, +2.49) and Costco (COST 192.73, +6.20) jumped 1.4% and 3.3%, respectively, after both companies reported better-than-expected earnings and revenues. Adobe also issued above-consensus profit guidance for its fiscal first quarter. Conversely, Oracle (ORCL 48.30, -1.89) tumbled 3.8% after issuing a disappointing forecast for growth in its cloud-computing business. Railroad giant CSX (CSX 52.93, -4.38) also finished solidly lower, losing 7.6%, after disclosing that CEO E. Hunter Harrison is on medical leave due to unexpected complications from a recent illness. In the bond market, U.S. Treasuries ended the week on a mixed note; shorter-dated maturities registered modest losses, while the long bond continued its show of relative strength. The 2-yr yield jumped four basis points to 1.84%, the 10-yr yield climbed one basis point to 2.36%, and the 30-yr yield slipped two basis points to 2.69%. Elsewhere, equity indices in the Asia-Pacific region finished Friday on a lower note, with Hong Kong's Hang Seng (-1.1%) pacing the retreat, while the Euro Stoxx 50 advanced 0.2%. The UK's FTSE (+0.6%) showed relative strength, helped by weakness in the British pound--which dropped 0.8% against the U.S. dollar to 1.3330. Reviewing Friday's economic data, which included Industrial Production and Capacity Utilization for November and the Empire State Manufacturing Survey for December:
On Monday, investors will receive just one economic report--the NAHB Housing Market Index for December--which will be released at 10:00 ET.
Week In Review: Central Banks Take Center Stage U.S. stocks climbed to new record highs this week as investors digested policy directives from several of the world's most influential central banks and grew increasingly optimistic about the GOP's chances of passing its promised tax overhaul. The S&P 500 added 0.9%, the Dow advanced 1.3%, and the Nasdaq jumped 1.4%. All three major indices settled Friday's session at fresh record highs. The Federal Open Market Committee voted to raise the fed funds target range by 25 basis points to 1.25%-1.50% on Wednesday, as expected. Chicago Fed President Charles Evans and Minneapolis Fed President Neel Kashkari--the FOMC's two most dovish members--dissented, saying they preferred to keep the target range unchanged. In addition, the Fed's so-called "dot plot" revealed that the median FOMC member still anticipates three rate hikes in 2018 and two in 2019. Both figures were unchanged from the projections released in September, even though the central bank acknowledged that overall inflation and core inflation have declined this year and are running below 2.0%. U.S. Treasuries rallied in a curve-flattening trade on Wednesday following the decision, while the U.S. Dollar Index moved sharply lower. The 2yr-10yr spread ended the week at 52 basis points, which is six basis points below last week's closing level. The U.S. Dollar Index finished the week higher by 0.1% at 93.94. The flattening of the yield curve weighed on lenders, sending the S&P 500's financial sector lower by 0.1%. Elsewhere, the European Central Bank decided to leave its key policy rate unchanged, as expected, and reiterated that it will reduce its monthly asset purchases to EUR30 billion (from EUR60 billion) starting in January and continuing through September 2018--or beyond, if necessary. The Bank of England also met this week, voting to leave its key rate at 0.50% and its asset purchase program at GBP435 billion, as expected. In Washington, House and Senate Republicans reportedly reached an agreement on a final version of their tax reform bill on Wednesday, but Senator Marco Rubio (R-FL) pushed for some last-minute changes, saying on Thursday that he would vote against the measure unless it further expands the child tax credit for lower-income households. GOP leadership worked to appease Mr. Rubio and earned his support, as well as the support of Senator Bob Corker (R-TN), on Friday. With the two Senators on board, it appears that the Republicans have enough support to pass their tax reform bill, but a final vote won't take place until early next week. On Wall Street, telecom shares within the S&P 500 jumped 4.0% this week, underpinned by the prospect of tax reform and the Federal Communications Commission's decision to roll back the "net neutrality" rules put in place by the Obama administration back in 2015. The rules required broadband providers to treat all internet traffic equally. In corporate news, Walt Disney (DIS) agreed to purchase select assets from 21st Century Fox (FOXA), including its film division and much of its TV operations, for $52.4 billion in stock. The two companies added 6.8% and 5.1%, respectively, helping the consumer discretionary sector (+1.1%) finish ahead of the broader market. |
U.S. equities slipped on Thursday as investors continued to monitor tax reform developments in Washington.
Losses were modest for the most part, but small caps showed notable weakness, pushing the Russell 2000 lower by 1.2%. The S&P 500 declined by 0.4%, while the Nasdaq Composite and the Dow Jones Industrial Average shed 0.3% apiece. The Dow's loss ended its streak of record closes at four in a row.
Read MoreU.S. equities finished mostly higher on Wednesday, but financial shares struggled following the Fed's latest policy directive. The Dow Jones Industrial Average settled at a new record high for the fourth session in a row, adding 0.3%.... Read More
The U.S. equity market had another positive showing on Tuesday, with the S&P 500 and the Dow Jones Industrial Average closing at fresh record highs for the third session in a row. Tuesday's session was, like Monday's, relatively quiet as investors continued to await the Fed's latest policy directive, which will... Read More
Equities quietly climbed to new all-time highs on Monday, with technology and energy shares pacing the advance. The Dow and the S&P 500 added 0.2% and 0.3%, respectively, to finish at new record highs for the second session in a row. The tech-heavy Nasdaq... Read More
U.S. stocks finished the week on a positive note, helped by a favorable Employment Situation Report for November. Both the S&P 500 and the Dow settled at new all-time highs, adding 0.6% and 0.5%, respectively. The Nasdaq finished slightly behind its peers, adding 0.4%,... Read More
U.S. equities recouped some of the losses registered earlier in the week on Thursday, with industrial shares pacing the advance. The S&P 500 added 0.3%, as did the Dow Jones Industrial Average, while the tech-heavy Nasdaq Composite outperformed, climbing 0.5%. Small caps showed relative strength,... Read More
The major stock indices have been weak in recent sessions, retreating from the record highs they posted last week, as investors dial back their technology holdings at the tail end of what has been an incredible year for the tech sector thus far. The tech group attempted to bounce back... Read More
The S&P 500 (-0.4%) slipped for the third session in a row on Tuesday, with 10 of its 11 sectors finishing in the red. For a while, it appeared that a bounce-back performance from the top-weighted technology sector, which dropped 1.9% on Monday, might... Read More
The major stock indices ended Monday mixed as weakness in technology and health care shares limited the impact of gains elsewhere. Equities opened the day at record highs, but technology shares moved sharply lower soon thereafter. The Dow (+0.2%) still managed to settle at... Read More
U.S. equities trimmed weekly gains on Friday, but the prospect of tax reform helped keep losses in check. The Dow Jones Industrial Average and the S&P 500 slipped 0.2% apiece, while the tech-heavy Nasdaq dropped 0.4%. For the week, the Dow and the S&P 500 added 2.9% and 1.5%, respectively, while... Read More
U.S. stocks jumped to new record highs on Thursday, fueled by increased optimism regarding the feasibility of a tax overhaul. The Dow Jones Industrial Average and the S&P 500 both finished at all-time highs, adding 1.4% and 0.8%, respectively, but some afternoon selling left... Read More
Stocks had a mixed outing on Wednesday as heavy losses in technology shares roughly balanced gains in financials and most other areas. The S&P 500 (unch) finished a tick below its flat line, while the Dow Jones... Read More
Equities ran to new record highs on Tuesday, with the S&P 500's financial sector (+2.6%) leading the advance. The Dow Jones Industrial Average and the S&P 500 Index climbed 1.1% and 1.0%, respectively, while the tech-heavy Nasdaq... Read More
Equities opened the week with a flat, unenthusiastic performance on Monday following the long Thanksgiving weekend. The S&P 500 Index (unch) and the Nasdaq Composite (-0.2%) finished with modest losses, while the Dow Jones Industrial Average (+0.1%)... Read More
The stock market meandered its way through an abbreviated session on Friday and scored modest gains to close out the week. The bulk of today's gains were registered shortly after the opening bell. After that, there... Read More
The trading day is done, and for many participants, it was over before it began. The low trading volume said as much, as did the small changes in the major indices which held to tight trading... Read More
Equities sprung to new record highs on Tuesday, with technology shares leading the charge. The tech-heavy Nasdaq (+1.1%) outpaced the S&P 500 (+0.7%) and the Dow (+0.7%), but all three major stock indices finished at fresh record highs. The small-cap Russell 2000 (+1.0%) also posted a new all-time high, marking its... Read More
Stocks had a quiet, but positive, start to the abbreviated Thanksgiving week on lighter-than-usual trading volume. The Dow Jones Industrial Average climbed 0.3%, finishing a step above the S&P 500 and the Nasdaq, which added 0.1% apiece.... Read More
Stocks ended a rather uneventful Friday session modestly lower as investors turned their attention to the upcoming Thanksgiving holiday week.
The Dow lost 0.4%, while the S&P 500 and the Nasdaq dropped 0.3% and 0.2%, respectively. Small caps outperformed, sending the Russell 2000 higher by 0.4%.
Most of the S&P 500's 11 sectors finished Friday in negative territory, but losses were pretty modest overall. The top-weighted technology sector (-0.7%) showed relative weakness, as did the utilities (-0.7%) and real estate (-0.6%) groups, while the other laggards finished with losses of no more than 0.5%.
Read MoreStocks bounced back from recent weakness on Thursday, sending the tech-heavy Nasdaq (+1.3%) to a new all-time high. Upbeat earnings reports from Dow components Wal-Mart (WMT 99.62, +9.79) and Cisco Systems (CSCO 35.88, +1.77) helped fuel the upbeat sentiment even before the... Read More
Stocks have extended this week's losses today, dipping into negative territory for the month. Investors have exerted caution after the Senate announced on Tuesday evening that it has added a provision to its tax reform bill that... Read More
Stocks slipped on Tuesday, retracing all of Monday's slim gains, as investors continued to digest the prospect of tax reform—which has been a stumbling block for the market as of late. The major stock indices modestly added to, and trimmed, their opening losses... Read More
Stocks snapped an eight-week winning streak on Friday and are on track to open today's session in negative territory; the S&P 500, Dow, and Nasdaq futures are all hovering 0.3% below fair value. Still, the U.S. equity market is trading just a tick... Read More
Doubts about the future of tax reform continued to linger on Friday, but stocks pared opening losses in the afternoon to leave the major U.S. indices little changed. The S&P 500 and the Dow finished with modest losses of 0.1% and 0.2%, respectively, while... Read More
U.S. equities retreated from record highs on Thursday as investors took some profits following a largely uninterrupted two-month rally. The major indices finished near the top of their trading ranges, with the S&P 500 and the... Read More
The U.S. equity market held at record highs on Tuesday, ending the session little changed, but looks poised to open Wednesday's session a step below its unchanged mark. The S&P 500 futures are currently trading four points, or 0.2%, below fair value. For the week, the benchmark index is higher... Read More
Equities ended Tuesday little changed after heavy losses from financial shares roughly balanced gains in most other areas. The Dow eked out a slim victory—and its fourth consecutive record close—while the S&P 500 finished just a tick below its flat line. The Nasdaq (-0.3%) struggled to keep pace with its... Read More
The U.S. equity market ticked higher on Monday, with all three major indices rewriting the record highs they posted on Friday. The Nasdaq and the S&P 500 added 0.3% and 0.1%, respectively, while the Dow (unch) eked out a narrow victory. The major... Read More
Wall Street ended a busy week on a positive note as stocks climbed to new record highs on Friday. The tech-heavy Nasdaq Composite (+0.7%) led the rally following another upbeat earnings report from Apple (AAPL 172.50, +4.39), while the S&P 500 Index (+0.3%) and the Dow Jones Industrial Average... Read More
Equities ended Thursday little changed after a late-afternoon rally trimmed modest losses from earlier in the session. The S&P 500 ended a tick above its flat line, while the Nasdaq finished slightly lower and the Dow (+0.4%) outperformed, settling at a new record high.... Read More
Equity futures are pointing to a good start for the U.S. equity market this morning as stocks trade higher around the globe. The S&P 500 futures currently trade 11 points, or 0.4%, above fair value, which would place the benchmark index in record territory at the opening bell. Investors will... Read More
Equities ticked higher on Tuesday, ending the session near their opening marks. The Nasdaq (+0.4%) outperformed both the S&P 500 (+0.1%) and the Dow (+0.1%), finishing at a new record high. Meanwhile, small caps did even better, sending the Russell 2000 higher by 0.8%. The S&P 500's consumer staples sector (+0.8%)... Read More
The U.S. equity market retreated from record highs on Monday as investors engaged in a little profit taking ahead of another busy week. The Nasdaq touched a new record high... Read More
Facing its first weekly loss since the week ended September 8, the stock market rallied on Friday, underpinned by the latest batch of earnings, which featured impressive results from mega-cap names like Amazon (AMZN 1100.95,... Read More
The U.S. equity market claimed a modest victory on Thursday, trimming its loss for the week. Stocks trended sideways for much of the session, but slipped in the final stretch to leave the major indices near... Read More
Stocks declined for the second time in three sessions on Wednesday, but an afternoon rally left the major indices a ways above their session lows. The Dow (-0.5%) and the Nasdaq (-0.5%) finished roughly in line with the S&P 500, which lost 0.5%. The benchmark index traded within a wide... Read More
Stocks slipped from record highs on Monday, but look poised to reclaim a portion of their losses at today's opening bell; the S&P 500 futures are trading four points, or 0.2%, above fair value. Earnings season has heated up this morning and will keep... Read More
Stocks moved lower on Monday, ending a week-long stretch of record finishes. The major indices kept near their flat lines throughout the morning, but tumbled to new lows in the afternoon. The S&P 500 lost 0.4%, while the Nasdaq and the Russell 2000 underperformed,... Read More
Equity futures are pointing to a higher start for the U.S. equity market, which has settled at a new record close for the last four sessions in a row. The S&P 500 futures are currently trading seven points above fair value and, at that level, the benchmark index is poised... Read More
Stocks clawed their way back from early weakness on Thursday and managed to reach positive territory for the fifth session in a row. The S&P 500 (unch) and the Dow (unch) both posted new record closes thanks to a final push higher in... Read More
The stock market notched another record high on Wednesday, with financials and technology stocks pacing the advance. The Dow added 0.7% and finished comfortably ahead of both the S&P 500 (+0.1%) and the Nasdaq (unch), thanks... Read More
Stocks ticked higher for the third session in a row on Tuesday as investors digested another round of earnings. The Dow (+0.2%) traded above the 23,000 mark for the first time in history and eventually settled at a new all-time high. The S&P 500 (+0.1%) also eked out a new... Read More
The U.S. equity market started the week on a positive note as all three major indices—the S&P 500 (+0.2%), the Nasdaq (+0.3%), and the Dow (+0.4%)—finished Monday's session at new record highs. Half way through the month of October, the S&P 500 holds... Read More
Stocks finished near the bottom of their narrow trading ranges on Friday, but still managed to eke out a narrow victory. The Nasdaq (+0.2%) finished at a new record high while S&P 500 (+0.1%) and the Dow (+0.1%) settled just a tick below their record marks. Small caps underperformed, sending... Read More
The stock market advanced modestly on Wednesday—settling at a new record high—but looks poised to give back most of that gain this morning as earnings season gets under way. The S&P 500 futures are trading six points, or 0.2%, below fair value. JPMorgan Chase (JPM 96.45, -0.39) delivered its fiscal... Read More
The U.S. equity market broke a two-session losing streak with a modest victory on Tuesday, but investors have hit the brakes this morning ahead of the release of the minutes from the September FOMC meeting, which will cross the wires at 14:00 ET. The S&P 500 futures are trading... Read More
Equities got off to a good start this morning, climbing to fresh record highs right off the bat, but have since squandered much of their opening gains. The S&P 500 and the Dow are currently up 0.1% and 0.2%, respectively, but held gains... Read More
Equities opened the week on the back foot, ticking slightly below the record highs they posted at the tail end of last week. The Nasdaq (-0.2%) and the Dow (-0.1%) finished roughly in line with the S&P 500 (-0.2%) while small caps underperformed, sending the Russell 2000 lower by 0.4%. The... Read More
Equity futures are trading roughly in line with fair value this morning as investors await the 8:30 ET release of the September Employment Situation Report (Briefing.com consensus 75K). All three major indices have settled at fresh record highs each day this week and... Read More
It's been pretty quiet on Wall Street this week, but equities have continued creeping higher nonetheless, sending the major U.S. indices to new record highs. The stock market is currently on track to open Thursday's session slightly above yesterday's record close as the S&P 500 futures hover two points, or... Read More
It was a quiet day on Wall Street, but that didn't stop the stock market from eking out yet another record close. The S&P 500 (+0.1%), the Dow (+0.1%), and the Nasdaq (unch) finished where they resided throughout the majority of the session—just a tick above their flat lines. However,... Read More
Stocks moved higher for the sixth session in a row on Tuesday, but trading was rather dull as the major indices largely trended sideways from start to finish. The Dow (+0.4), the S&P 500 (+0.2%), the Nasdaq (+0.2%), and the Russell 2000 (+0.2%)... Read More
The stock market kicked off the week with yet another solid performance that left the Dow (+0.7%), the S&P 500 (+0.4%), the Nasdaq (+0.3%), and the small-cap Russell 2000 (+1.3%) at new record highs. Monday's advance marked the third-consecutive record high close for the S&P 500 and the seventh in... Read More
Equities ended the week, and the quarter, on a positive note, sending the S&P 500 (+0.4%) higher for the fourth session in a row. The benchmark index finished at a new record high, as did the Nasdaq (+0.7%) and the Russell 2000 (+0.1%), while the Dow (+0.1%) settled about eight... Read More
Stocks were restricted to a pretty narrow range on Thursday as investors continued to chew on the GOP's tax reform outline—which was released in the prior session. The Dow (+0.2%), the Nasdaq (unch), and the S&P 500 (+0.1%) all settled with slim gains,... Read More
The stock market enters the midweek session lower for the week as Tuesday's bounce-back attempt, which was preceded by a technology sell off on Monday, petered out in the late-afternoon, leaving the major indices little changed. Things are looking up, however, as the S&P 500 futures currently trade six points,... Read More
Equities finished mixed on Tuesday as the broader market largely ignored a modest bounce-back performance from the technology sector (+0.4%)—which moved sharply lower on Monday. The tech-heavy Nasdaq climbed 0.2%, the S&P 500 finished just a tick above its flat line, and the... Read More
The U.S. equity market slipped on Monday as investors dialed back their technology holdings with just a few days left in the third quarter. Naturally, the tech-heavy Nasdaq (-0.9%) was the weakest major average, but found support at its 50-day simple moving average (6,362). Meanwhile, the S&P 500 and the... Read More
Friday was another quiet day on Wall Street as the major U.S. indices hovered near their flat lines from start to finish. The S&P 500 (+0.1%) finished just a tick above its unchanged mark, as did the Nasdaq (+0.1%), thanks to a late-afternoon rally that left the benchmark index at... Read More
Thursday was a quiet day on Wall Street as investors engaged in some end-of-quarter profit taking. The Dow slipped 0.2%, failing to close at a new record high for the first time in seven sessions, while... Read More
The major U.S. indices inched to new record highs on Tuesday, marking yet another victory for the stock market, which has been rallying for over a week. Investors have hit pause this morning, however, ahead of the latest FOMC policy directive, which... Read More
Equities moved higher once again on Tuesday, but conviction was weak ahead of the latest FOMC policy statement, which will be released on Wednesday afternoon. The S&P 500 (+0.1%), the Nasdaq (+0.1%), and the Dow... Read More
The U.S. equity market opened the week on a positive note, sending both the S&P 500 (+0.2%) and the Dow (+0.3%) to new all-time highs. The tech-heavy Nasdaq (+0.1%) touched a new intraday high on Monday,... Read More
Equities ticked up on Friday, capping off this week's run to record highs on a positive note. The Dow (+0.3%) advanced to a new-all time high once again, as did the S&P 500 (+0.2%), which settled right at the round mark of 2,500.... Read More
The major U.S. indices eked out record-high closes once again on Wednesday following a relatively uneventful range-bound session. Market-moving catalysts remain in short supply again this morning, leaving the S&P 500 futures just a tick below fair value. However, the August CPI reading has the potential to mix things... Read More
The week's bullish momentum petered out on Wednesday, but, thanks to a late-afternoon rally, the S&P 500 (+0.1%), the Nasdaq (+0.1%), and the Dow (+0.2%) still managed to register new record-high closes. The major averages hovered near their flat lines throughout Wednesday's session... Read More
Stocks moved higher for the second day in a row on Tuesday, but conviction was much more subdued than it was on Monday when the major averages rose over 1.0% apiece. The S&P 500 climbed 0.3% to notch its second record-high close of the week, while the Nasdaq (+0.3%) and... Read More
The U.S. equity market kicked off the week with a solid bounce-back performance that reclaimed all of last week's decline and sent the S&P 500 (+1.1%) to a new all-time high. Investors happily dialed back their estimates for damages related to Hurricane Irma—which... Read More
The major U.S. indices closed out the abbreviated week on a mixed note as investors looked ahead to the weekend, which could see Hurricane Irma's arrival in Florida and another North Korean missile test in celebration of the country's 69th anniversary. The Dow... Read More
The equity market has managed to keep near its unchanged mark so far on Thursday despite another poor performance from the heavily-weighted financial sector (-1.8%) and a strong risk-off tone within other financial markets. The major averages are currently trading mostly lower with the S&P 500 (-0.1%) and the Dow... Read More
U.S. equities reclaimed a chunk of Tuesday's swoon on Wednesday as each of the three major indices—the S&P 500, the Dow, and the Nasdaq—settled with modest gains of 0.3% apiece. Small caps finished roughly in line with the broader market, evidenced by the Russell 2000, which climbed 0.2%. For the... Read More
The major indices closed off their lows of the session, yet it is fair to say they struggled all day to overcome a panoply of issues that kept buyers mostly sidelined. The losses were broad based as the major indices closed the day down between 0.8% and 1.1%. The ostensible trigger... Read More
Equities ended another positive week on a positive note as investors took a relatively disappointing August jobs report in stride, pushing the Nasdaq (+0.1%) to a new record high (6,435.33). The S&P 500 and the Dow... Read More
Equities are rallying once again today, putting the S&P 500 on track for its fifth-consecutive win ahead of tomorrow's Employment Situation Report for August, which the Briefing.com consensus expects will show the addition of 183,000 nonfarm payrolls. The Nasdaq (+0.9%) and the Russell... Read More
The S&P 500 (+0.3%) is modestly higher this afternoon, wrestling with its 50-day simple moving average (2,450.96), while the Dow (unch) lags and the Nasdaq (+0.7%) outperforms. Both the S&P 500 and the Nasdaq are currently... Read More
The major U.S. indices eked out a victory on Tuesday, overcoming a further tightening of geopolitical tensions following yet another North Korean ballistic missile launch. The Nasdaq (+0.3%) led the advance, followed closely by the Dow (+0.3%), the S&P 500 (+0.1%), and the... Read More
It was a mixed outing on Wall Street to begin the week, as trading volume and conviction were both on the light side. The Nasdaq Composite (+0.3%) and Russell 2000 (+0.4%) were today's winning standouts among the... Read More
Investors pushed the stock market modestly higher on Friday to end a largely positive week on a positive note. The S&P 500 and the Dow added 0.2% and 0.1%, respectively, while the tech-heavy Nasdaq underperformed, shedding 0.1%. For the week, the S&P 500... Read More
The U.S. equity market is on track to open Thursday's session slightly higher following yesterday's modest decline. The S&P 500 futures currently trade three points, or 0.1%, above fair value. Top central bankers will kick off a three-day meeting is Jackson Hole, Wyoming today, the climax of which will be Friday... Read More
The equity market moved modestly lower on Wednesday amid concerns of a potential government shutdown and following a New York Times article that highlighted a rift between President Trump and Senate Majority Leader Mitch McConnell. The Nasdaq (-0.3%) and the Dow (-0.4%) settled roughly in line with the S&P 500, which dropped 0.4%. The major averages closed the session near the bottom of their relatively narrow trading ranges.
Read More
The stock market crept higher throughout the first half of Tuesday's session, but has hit some resistance in recent action at the S&P 500's 50-day simple moving average (2,450.20). The benchmark index is currently up 0.8%, hovering between the Nasdaq (+1.1%) and the Dow (+0.7%). Today's session has had a risk-on... Read More
The equity market opened the week with a rather uneventful performance that left the major averages little changed from where they settled last Friday's session. The S&P 500 (+0.1%) and the Dow (+0.1%) both eked out narrow victories while the Nasdaq (-0.1%) slipped... Read More
The major averages finished in negative territory for the second day in a row on Friday, adding to their losses for the week. The Dow led the retreat, losing 0.4%, while the S&P 500 and the... Read More
Investors have lacked conviction over the last couple of sessions, leaving the equity market little changed since Monday's rally. It looks like Wall Street might be in for more of the same this morning following a relatively quiet overnight session. The S&P 500 futures currently trade five points, or 0.2%,... Read More
The major averages registered modest victories on Wednesday, but their performances felt somewhat disappointing as an optimistic steady climb in the morning turned into a fight to hold on in the afternoon. The Nasdaq (+0.2%) finished slightly above the S&P 500 (+0.1%) and the... Read More
Wall Street followed up Monday's rally with a rather dull, range-bound session on Tuesday that left the major averages little changed. The Dow (unch) eked out a narrow victory while the S&P 500 (-0.1%) and the Nasdaq (-0.1%) each settled just a tick below their unchanged marks. Small caps underperformed,... Read More
The weekend came and went without any major developments on the North Korean front, allowing investors to breath a sigh of relief and launch another 'buy-the-dip' campaign on Monday. The major averages finished solidly higher across the board with the tech-heavy Nasdaq (+1.3%) leading the charge. The S&P 500 and... Read More
The stock market's three-day slide came to an end on Friday, but just barely, as the S&P 500 (+0.1%) eked out a narrow victory. The Dow (+0.1%) finished in line with the benchmark index while the Nasdaq outperformed, advancing 0.6%. For the week,... Read More
The major averages have been extending their opening losses throughout the first half of Thursday's session with the S&P 500's most influential sectors—technology (-1.6%) and financials (-1.1%)—pacing the retreat. The tech-laden Nasdaq is the weakest index, dropping 1.5%, followed by the S&P 500... Read More
Investors took some additional profits on Wednesday as concerns surrounding the continued breakdown of U.S.-North Korea relations weighed on investor sentiment for the second day in a row. However, the cautious tone largely subsided by the day's... Read More
Wall Street went on a bit of a roller coaster ride on Tuesday as equities climbed to new record highs in the morning only to drop into the red in the late afternoon. The Dow broke its streak of nine consecutive record-high closes,... Read More
Equities opened the week on a positive note as the S&P 500 (+0.2%) ticked up to a new record high for the first time since July 26. The Dow (+0.1%) also closed at a new record high, marking its ninth-consecutive record close, but the Nasdaq was the... Read More
The major averages eked out another win on Friday following the release of the Employment Situation Report for July, which showed an impressive increase in nonfarm payrolls. The Dow (+0.3%) cruised to its eighth-consecutive record close, finishing a tick above both the S&P 500 (+0.2%) and the Nasdaq (+0.2%). For... Read More
The stock market looks poised to open Thursday's session mixed as the S&P 500 futures trade three points, or 0.1%, below fair value while the Nasdaq futures trade five points, or 0.1%, above fair value. p... Read More
Nasdaq futures are trading solidly above fair value this morning, up 35 points or 0.7%, following Apple's (AAPL 158.58, +8.53) upbeat earnings report, which was released following yesterday's closing bell. Meanwhile, the S&P 500 futures trade flat, in line with fair value. p... Read More
The equity market registered a modest win on Tuesday as the Dow Jones Industrial Average (+0.3%) climbed to another record close, its fifth in a row. Trading was fairly tight, leaving the S&P 500 (+0.2%) within a seven-point range from start to finish. The Nasdaq (+0.2%) also finished in the... Read More
The stock market ended July's last trading session on a mixed note; the Dow climbed 0.3%, to another record high, while the S&P 500 and the Nasdaq settled lower by 0.1% and 0.4%, respectively. The major averages drifted within a fairly narrow range... Read More
Equity futures point to a slightly lower open for the stock market this morning. The S&P 500 futures currently trade three points, or 0.1%, below fair value. Oil ministers gathered in St. Petersburg, Russia on Monday... Read More
The major averages rode a late-afternoon rally to fresh session highs, but, unfortunately, it just wasn't quite enough to get them into the green. The Nasdaq (unch) finished just a tick below its flat line, breaking its ten-session winning streak. The S&P 500 (unch) settled in line with the Nasdaq... Read More
The major averages are little changed at midday following yesterday's run to record highs. The Nasdaq (+0.1%) and the S&P 500 (+0.1%) are sporting slim gains while the Dow Jones Industrial Average (-0.1%) hovers a tick below its unchanged mark. The small-cap Russell 2000 (+0.1%) trades in line with the... Read More
The Nasdaq (+0.6%) kept on rolling in the midweek session, cruising to its ninth-consecutive victory—which marks its longest winning streak in two years—and a new all-time high. The S&P 500 (+0.5%), the Dow (+0.3%), and the Russell 2000 (+1.0%) also notched new record closes, finishing at their best marks of... Read More
For the first time since June 8, the tech-heavy Nasdaq (+0.5%) advanced to a new record high on Tuesday as tech stocks continued their bullish run. The S&P 500 (+0.1%) also finished at a new record high while the Dow and the small-cap... Read More
The stock market has been quiet throughout the first half of Monday's session following Friday's trek to new record highs and ahead of this week's big batch of earnings reports. All three major averages currently trade just a tick above their unchanged marks with the S&P 500 showing a gain... Read More
Investor sentiment is subdued in early action as Wall Street digests several influential earnings reports and awaits a wave of potentially-influential economic data. The S&P 500 futures trade one point below fair value. JPMorgan Chase (JPM 92.20, -0.90) unofficially kicked off earnings season earlier this morning on a positive note,... Read More
Investors have managed to muscle the major averages modestly higher in the first half of Thursday's range-bound session, but conviction is relatively weak with 1.1 listings trading in the red for each advancer. The Nasdaq (+0.2%) and the Dow (+0.2%) trade roughly in... Read More
The stock market is trading solidly higher this afternoon following the release of Fed Chair Janet Yellen's prepared remarks, which investors have seemingly interpreted as being relatively dovish. The major averages are currently hovering in the upper half of their trading ranges with the benchmark S&P 500 sporting a gain... Read More
The S&P 500 gave back its slim Monday advance in the second session of the week, dropping 0.1%, with nine of its eleven sectors settling in negative territory. Meanwhile, the Nasdaq (+0.3%) cruised to its second win of the week as technology stocks... Read More
The stock market kicked off the week with a rather uneventful, range-bound session that left the S&P 500 (+0.1%) just a step above its unchanged mark. The Nasdaq (+0.4%) outperformed the benchmark index while the Dow (unch) lagged, settling just a tick below its flat line. The major averages were... Read More
Investors rallied around the Employment Situation Report for June on Friday to finish the abbreviated week on a positive note. The Nasdaq led the advance, moving higher by 1.0%, while the S&P 500 and the Dow settled with gains of 0.6% and 0.4%,... Read More
. Equity indices are solidly lower at midday with the S&P 500 showing a loss of 0.5%. However, on a positive note, the benchmark index found support at its 50-day moving average (2,414) after testing it in the opening minutes. The Nasdaq (-0.5%) and... Read More
The benchmark S&P 500 (+0.2%) registered its second win of the week on Wednesday, settling near the top of its trading range, but activity was subdued with only 886.2 million shares changing hands at the NYSE... Read More
The major averages ended an abbreviated Monday session on a mixed note. The Nasdaq Composite (-0.5%) could not hold its opening gain and spent the session in a steady slide, preventing the broader S&P 500 (+0.2%) from finishing near its own opening high. The limited number of technology stocks in... Read More
The stock market was on track to end Friday on its session high, but quarter-end selling during the final minutes of the action knocked the key indices off their afternoon highs. The S&P 500 added 0.2%, trimming this week's loss to 0.6%, while the Nasdaq Composite (-0.1%) underperformed, widening its... Read More
Thursday's session looked eerily similar to Tuesday's session as the top-weighted technology sector (-1.8%) led the S&P 500 (-0.9%) solidly lower, the financials (+0.7%) and energy (+0.1%) sectors outperformed, and Treasuries tumbled across the curve. The Dow (-0.8%) settled roughly in line with the benchmark index while the Nasdaq (-1.4%)... Read More
Wall Street registered a solid win on Wednesday as the top-weighted financials (+1.6%) and technology (+1.3%) sectors carried the S&P 500 (+0.9%) back to its flat line for the week. The Nasdaq (+1.4%) outperformed the benchmark index while the Dow (+0.7%) lagged, but... Read More
Wall Street took it to the chin on Tuesday as equities sold off into the closing bell, leaving the major averages at their worst marks of the day. The tech-heavy Nasdaq (-1.6%) was hit the hardest as technology and biotechnology stocks weighed. Meanwhile,... Read More
The major averages opened the week on a mixed note as the influential technology (-0.6%) and health care (-0.2%) sectors mitigated gains from seven of the S&P 500's eleven sectors. The benchmark index (unch) eked out a slim victory, as did the Dow... Read More
Wall Street ended the week on a positive note as the S&P 500 (+0.2%) cruised to a modest victory on the back of the technology (+0.7%) and energy (+0.8%) sectors. The Nasdaq (+0.5%) and the Russell 2000 (+0.7%) outperformed while the Dow (unch)... Read More
Equity futures are rather subdued this morning following a spiritless performance from the S&P 500 on Wednesday. For the week, the benchmark index trades just a tick above its flat line (+0.1%), but it looks like that small advance may be squandered in the opening minutes of today's session. The... Read More
The S&P 500 (-0.1%) bounced around its unchanged mark throughout the midweek session as the solid performances of the heavily-weighted health care (+1.2%) and technology (+0.7%) sectors helped keep the broader market's loss in check. The Dow (-0.3%) finished a tick behind the benchmark index while the tech-heavy Nasdaq (+0.7%)... Read More
In a nutshell, 'easy come, easy go' sums up Tuesday's session as the stock market gave back nearly all of Monday's climb to new record highs. The Nasdaq (-0.8%) and the Dow (-0.3%) settled on opposite sides of the benchmark S&P 500 (-0.7%) while the small-cap Russell 2000 (-1.1%) underperformed. The... Read More
Wall Street kicked off the week on a positive note as the S&P 500 (+0.8%) bucked its recent sideways trend and advanced to a new record close. The Dow (+0.7%) also settled at a fresh all-time high while the tech-heavy Nasdaq (+1.4%) exhibited relative strength as technology and biotechnology stocks... Read More
Investors continued to play it safe on Friday, as they have done throughout the week, leaving the major averages little changed. The Dow (+0.1%) and the Nasdaq (-0.2%) settled on opposite sides of the S&P 500 (unch), which finished just a tick above its unchanged mark. For the week, the S&P 500 added 0.1%.
Six of the eleven sectors settled Friday's session in negative territory with the consumer staples sector (-1.0%) leading the retreat following news that Amazon (AMZN 987.71, +23.54) plans to acquire Whole Foods Market (WFM 42.68, +9.62) for $42 per share (27.0% premium) in an all-cash transaction valued at approximately $13.7 billion.
Read MoreInvestors played it safe on Thursday as they continued to digest Wednesday's rate-hike announcement and some potentially concerning reports from Washington. The S&P 500 (-0.2%) and the Dow (-0.1%) settled a step below their unchanged marks... Read More
Equity indices finished Wednesday's session mixed after the FOMC voted to raise interest rates for the second time this year, as expected. The S&P 500 and the Nasdaq settled lower by 0.1% and 0.4%, respectively, while the Dow closed higher by 0.2%. p... Read More
Investors pushed the S&P 500 (+0.5%) and the Dow (+0.4%) to new record highs on Tuesday, breaking the stock market's two-session losing streak. And while the Nasdaq didn't post a new record close, it did outperform its peers with a gain of 0.7%. The top-weighted... Read More
The stock market opened the week with its second-consecutive decline as the top-weighted technology sector (-0.8%) weighed on the broader market. However, as a consolation prize, both the tech sector and the S&P 500 (-0.1%) finished near their best marks of the day.... Read More
The major U.S. indices closed the week on a mixed note as a sector rotation trade pitted the top-weighted technology sector (-2.7%) against the financials (+1.9%) and energy (+2.5%) groups. The tech-heavy Nasdaq (-1.8%) finished solidly lower while the S&P 500 (-0.1%) settled just a tick below its unchanged mark.... Read More
Equities have ticked up a bit in recent action, but overall, the first half of Thursday's session has been flat and range-bound as investors have focused their attention on Washington, where former FBI Director James Comey just finished testifying before the Senate... Read More
Action has been pretty limited at the macro level so far today as investors hit pause ahead of tomorrow's much anticipated events, which include the UK election, the ECB policy decision, and the testimony of former FBI director James Comey. Recent selling pressure has pulled... Read More
The stock market looked like it might reclaim yesterday's downtick late on Tuesday afternoon, but a sell-off in the final minutes pulled the major U.S. indices off their best marks of the day, leaving the S&P 500 with a loss of 0.3%. The Nasdaq... Read More
Investors played it safe on Monday following back-to-back record closes for the stock market at the end of last week. Action was range-bound from start to finish with the S&P 500 (-0.1%) staying true to a five-point range. The Nasdaq (-0.2%) and the Dow (-0.1%) settled roughly... Read More
The major U.S. indices advanced to new record highs on Friday, for the second day in a row, after investors made the most of a disappointing Employment Situation Report for May. The Nasdaq (+0.9%) led the... Read More
The stock market claimed its first victory of the week in style with the S&P 500 (+0.8%), the Nasdaq (+0.8%), and the Dow (+0.7%) all closing at new record highs. It was also encouraging that the Dow Jones Transportation Average (+1.2%) and the... Read More
The S&P 500 (-0.1%) registered its second-consecutive decline on Wednesday as the financial sector (-0.8%) weighed on the broader market. However, a late-afternoon rally left the major averages at the upper end of the day's trading range. The Nasdaq (-0.1%) and the Dow (-0.1%) finished in line with the benchmark... Read More
Investors lacked conviction in the first session of the abbreviated week, which made for flat, range-bound action in the stock market on Tuesday. The major U.S. indices settled just a tick below their unchanged marks with the S&P 500 and the Nasdaq slipping... Read More
Friday's session was range-bound throughout with the major U.S. indices trending sideways at their unchanged marks from start to finish. The S&P 500 (unch) and the Nasdaq (+0.1%) eked out their seventh-consecutive wins while the Dow (unch)... Read More
The S&P 500 settled at a record high yesterday after the FOMC minutes from the May 2-3 meeting were received well by investors. The benchmark index looks poised to extend its record level this morning with the S&P 500 futures trading five points, or 0.2%, above fair value. OPEC... Read More
After four consecutive wins for the equity market, equity futures point to a muted open for Wednesday's session. The S&P 500 futures trade one point above fair value. Moody's downgraded... Read More
Equities finished higher for the fourth day in a row on Tuesday. The benchmark index challenged the 2,400 level, which is the mark it hit just before last Wednesday's dive, but couldn't surpass the milestone. The major averages settled near the middle the... Read More
The stock market is cruising towards its third consecutive win this afternoon with the major averages holding gains across the board. The tech-heavy Nasdaq (+0.7%) leads the S&P 500 (+0.5%) and the Dow (+0.4%) as tech stocks generally outperform. Ten of eleven sectors trade in positive territory this afternoon with the... Read More
After posting its worst one-day loss in eight months on Wednesday (-1.8%), the stock market ended the week with two bounce-back performances that left the S&P 500 with just a modest loss for the week (-0.4%). The benchmark index challenged its flat line... Read More
The major U.S. indices have overcome this morning's bearish tone as investors attempt to 'buy the dip' following yesterday's sell-off. The Nasdaq (+0.5%) and the Dow (+0.2%) trade on opposite sides of the benchmark S&P 500 (+0.3%). Today's uptick comes in the face of new developments surrounding the investigation into Russia's... Read More
The major U.S. indices have experienced a wave of selling pressure today following a New York Times report that President Trump asked then-FBI Director James Comey to end the FBI investigation into former National Security Advisor Michael Flynn. The S&P 500 and the Dow trade lower by 1.1%... Read More
Top-tech names like Microsoft (MSFT 69.41, +1.37), Amazon (AMZN 966.07, +8.10), and NVIDIA (NVDA 136.81, +2.50) boosted the Nasdaq (+0.3%) to another record high on Tuesday while the Dow (unch) and the S&P 500 (-0.1%) settled just a tick... Read More
The major U.S. indices ended Monday in positive territory with the S&P 500 (+0.5%) and the Nasdaq (+0.5%) eking out record closes. The Dow (+0.4%) finished at tick behind its peers while the Russell 2000 (+0.8%) ended in the lead. Investors shook off concerns surrounding this weekend's cyber security attack from... Read More
The Nasdaq (+0.1%) escaped Friday's session with a win as Apple (AAPL 156.10, +2.15) and Amazon.com (AMZN 961.35, +13.73) climbed to fresh record highs. Meanwhile, the Dow (-0.1%) and the S&P 500 (-0.2%) settled with modest losses. For the week, the S&P 500 declined 0.4%. U.S. Treasuries finished solidly... Read More
The major averages slipped out of the gate this morning following a generally disappointing wave of corporate news. However, the indices have been trending upward for the last couple of hours and currently trade near their best marks of the day. The S&P... Read More
The major averages slipped out of the gate this morning following a generally disappointing wave of corporate news. However, the indices have been trending upward for the last couple of hours and currently trade near their best marks of the day. The S&P... Read More
The S&P 500 (+0.1%) finished at a new record close (just barely), but the headline is much more exciting than the reality. Wednesday's session was rather quiet at the macro level with the benchmark index hovering within a seven-point range. The Nasdaq (+0.1%) also eked out another record close, its... Read More
The Nasdaq (+0.3%) opened Tuesday's session in positive territory and never looked back, settling at a new record high. Meanwhile, the S&P 500 (-0.1%) and the Dow (-0.2%) finished a step below their flat lines as the energy (-0.9%) and financials (-0.5%) sectors weighed. After closing Monday at its lowest level... Read More
After settling at fresh record highs on Friday, the S&P 500 (unch) and the Nasdaq (unch) each eked out another record close on Monday. The Dow (unch) also finished just above its unchanged mark while the Russell 2000 (-0.4%) lagged. The final round of the French presidential election went as expected... Read More
The major averages wrapped up the range-bound week with modest Friday gains. The S&P 500 (+0.4%) and the Nasdaq (+0.4%) finished at new record highs while the Dow (+0.3%) settled just a step behind its peers. For the week, the S&P 500 added 0.6%. Buyers had a slight edge from the... Read More
Equity futures are drifting higher this morning following reports that the House will vote on health care reform today. The S&P 500 futures trade six points above fair value. After... Read More
The major averages held modest losses throughout Wednesday's session, but a late-afternoon uptick left the S&P 500 (-0.1%) just short of its unchanged mark. The Dow (unch) eked out a small win while the tech-heavy Nasdaq (-0.4%) and the domestically-oriented Russell 2000 (-0.6%)... Read More
Investors chose to play it safe on Tuesday with Apple's (AAPL 147.51, +0.93) quarterly report on tap. As a result, the major averages never really deviated from their unchanged marks with the S&P 500 (+0.1%) trading within a seven-point range. The Nasdaq (+0.1%) settled in line with the benchmark... Read More
The stock market opened the week on a positive note with the top-weighted technology (+0.9%) and financials (+0.5%) sectors pacing the advance. The S&P 500 (+0.2%) traded within a ten-point range, settling near its opening level after challenging its all-time closing high (2,395.96).... Read More
Investors took some money off the table on Friday, cashing in on the stock market's best week in over two months. However, a handful of upbeat earnings reports from heavy hitters like Alphabet (GOOGL 924.52, +33.08) and Amazon (AMZN 924.99, +6.61) kept losses in check. The S&P 500... Read More
The first half of Thursday's session has been relatively quiet as investors continue to digest the nearly 300 earnings reports they've received since yesterday's close. The S&P 500 and the Dow trade just a tick above their flat lines at midday while the... Read More
The stock market is set for a flat opening this morning as investors await the latest tax-related announcement from Washington. The S&P 500 futures trade in line with fair value. Earlier this morning, Treasury Secretary Steven Mnuchin confirmed that President Trump's tax plan, which will be unveiled this afternoon, will call... Read More
Bullish catalysts were ripe for the picking on Tuesday as buyers advanced the S&P 500 (+0.6%) for the second time in a row, increasing the benchmark index's week-to-date gain to 1.7%. The Nasdaq (+0.7%) settled a tick higher than the S&P 500 while... Read More
Bulls achieved global dominance on Monday as investors cheered yesterday's first round of the French presidential election. The major U.S. averages opened the week solidly higher with the benchmark S&P 500 adding 1.1% while the Nasdaq and the Dow settled with respective gains of 1.2% and 1.1%. The French people narrowed... Read More
The French presidential election, and the uncertainty that surrounds it, weighed on investor sentiment on Friday. However, a batch of positive earnings reports and an update on tax reform plans from Washington helped keep losses in check. The S&P 500 finished with a... Read More
Investors turned things around on Thursday to break the stock market out of its two-day slump. The Nasdaq and the Dow settled in line with one another, adding 0.9% apiece. The S&P 500 (+0.8%) also finished solidly higher, but a small slip in... Read More
Investors opened Wednesday's session with a modicum of optimism, but the positive sentiment seeped through the cracks, leaving the S&P 500 (-0.2%) lower for the second consecutive session. The Dow also settled in negative territory, losing 0.6%, while the Nasdaq (+0.2%) outperformed. Read More
The bears took game two in this week's series after the latest batch of earnings reports failed to generate much conviction among the bulls. The Dow got hit the hardest, losing 0.6%, while the S&P 500 (-0.3%) and the Nasdaq (-0.1%) experienced more modest declines. Equities opened Tuesday in negative territory... Read More
The financial sector (+1.6%), and the broader market, opened the week with a nice bounce-back performance as participants returned in a buying frame of mind following the extended Easter weekend. The S&P 500 (+0.9%) finished in-line with the Dow (+0.9%) and the Nasdaq (+0.9%) and closed at its high for... Read More
The stock market wrapped up the abbreviated week with its third consecutive loss as investors refused to be swayed by a handful of bullish catalysts. The major averages settled at the lower end of the day's trading range with the tech-heavy Nasdaq (-0.5%) finishing just a step ahead of the... Read More
The bears edged the bulls from the jump on Wednesday with geopolitics fueling the cautious sentiment. The S&P 500 (-0.4%) finished below its 50-day moving average (2351), which has been a mainstay of support since the election. The Dow (-0.3%) and the Nasdaq (-0.5%) settled on opposite sides of the... Read More
Geopolitical tensions spooked investors on Tuesday, but the S&P 500's 50-day moving average provided support to keep losses in check. The Dow (unch) and the Nasdaq (-0.2%) settled on opposite sides of the benchmark index (-0.1%) while the small-cap Russell 2000 (+0.7%) outperformed. p... Read More
The stock market opened the week with a win, but concerns over heightened geopolitical tensions held gains in check throughout the session. The S&P 500 and the Nasdaq settled with slim gains of 0.1% apiece, while the... Read More
There was a lot to talk about on Friday, but the market was not sure what to make of it all, as stocks slipped out of the gate, but spent the day in a slow climb to end little changed. The S&P 500... Read More
The major averages registered modest gains on Thursday, keeping the S&P 500 (+0.2%) several points above its 50-day moving average (2346). The benchmark index settled near the middle of the day's range while the Nasdaq and Dow added 0.3% and 0.1%, respectively. Also... Read More
Stocks started strong out of the gate following an upbeat ADP Employment Change Report on Wednesday morning, but the hawkish tone of the FOMC Minutes prompted an afternoon retreat. The S&P 500 settled lower by 0.3% while the Dow (-0.2%) performed... Read More
Uncertainty put a force field around the stock market on Tuesday, deterring the bulls and the bears from exerting much influence on the major averages. The Dow (+0.2%) and the Nasdaq (+0.2%) settled roughly in line with the S&P 500 (+0.1%), which held... Read More
An afternoon rally erased much of the stock market's morning loss, but it just wasn't enough to bring the major averages all the way back to their unchanged marks. The S&P 500 opened the second quarter of 2017 with a modest loss of 0.2% while the Nasdaq and the Dow... Read More
The stock market secured its best first quarter performance in four years on Friday, but it did so in a rather spiritless manner as the major averages held close to their unchanged marks from start to finish. The S&P 500 (-0.2%) and the Dow (-0.3%)... Read More
The financial sector (+1.2%) nudged the broader market into positive territory on Thursday as the bulls couldn't resist bank stocks in light of last week's dip. The three major U.S. averages settled with gains of 0.3% apiece while the small-cap Russell 2000 (+0.8%) outperformed. In a day short on headlines, investors... Read More
Tuesday's positive sentiment lingered throughout Wednesday's session as the benchmark S&P 500 (+0.1%) chalked up its second win of the week. The Nasdaq (+0.4%) also settled higher while the Dow (-0.2%) finished a tad lower. While the macro movement was rather subdued on Wednesday, a variety of catalysts mixed things up... Read More
Last Tuesday, the S&P 500 posted its worst day of 2017 in a performance that some believed to be the end of the stock market's post-election party. However, the cash market held its ground in the days that followed and the S&P 500 resisted yesterday's intraday dip below its 50-day... Read More
Last week's health care hiccup fostered some bearish undertones on Monday morning, but investors were largely able to shake off the concerns to start the week unscathed. The Nasdaq settled 0.2% higher while the S&P 500 and the Dow finished with losses of... Read More
The major averages opened Friday with modest gains as investors were cautiously optimistic that the American Health Care Act would pass in the House. However, that positive sentiment faded as the day wore on and reports from Washington indicated that the GOP still hadn't acquired the necessary votes. In the end, the health care bill was pulled from consideration and the major averages finished mixed. The S&P 500 (-0.1%) settled just below its unchanged mark while the Dow (-0.3%) and the Nasdaq (+0.2%) closed on opposite sides of the benchmark index.
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The stock market had a decent rebound try going for much of Thursday's session, but it fell to the wayside in the afternoon after reports that the House vote on the American Health Care Act, which was scheduled for tonight, will be delayed.... Read More
Wednesday's session was full of ambiguity as investors digested the stock market's Tuesday defeat, which was the steepest decline since October. Stocks ultimately put together a decent performance, but the win didn't feel secure until the closing bell as the financial sector (-0.2%) acted in a seesaw fashion that weighed on the sentiment of the broader market. The S&P 500 (+0.2%) and the Nasdaq (+0.5%) settled with modest gains while the Dow finished flat. Meanwhile, the small-cap Russell 2000 (-0.1%) underperformed.
Read MoreInvestors attempted to make the most out of some positive overnight developments on Tuesday morning, but a modest gain at the opening bell was the straw that broke the back of a stock market that may have extended itself a little too far.... Read More
The stock market couldn't find any room to run on Monday as the bears wrapped it up behind the line of scrimmage for a modest loss. The S&P 500 finished 0.2% lower while the Dow (unch) and the Nasdaq (unch) ended just a step ahead. Meanwhile, the small-cap Russell 2000... Read More
Defying the spirit of St. Patrick's Day, the major averages failed to turn shamrock green, closing just a 'wee bit' below their flat lines. The Nasdaq finished flat while the S&P 500 and the Dow closed with losses of 0.1% apiece. p style="margin: 0in... Read More
Wednesday's bullish momentum lingered at the opening bell on Thursday, but the energy faded fast as investors came up short on reasons to extend the stock market's record high level. The S&P 500 and the Dow closed with losses of 0.2% and 0.1%,... Read More
As expected, the Federal Open Market Committee voted to raise the fed funds target range by 25 basis points to 0.75%-1.00% on Wednesday. More notably, the Fed still believes that three rate hikes are appropriate for 2017, relieving investors' fears that the central... Read More
Crude oil was a persuasive force in the stock market on Tuesday, leading the major averages into negative territory after OPEC's latest Monthly Oil Market Report (MOMR) showed some concerning production figures out of Saudi Arabia. The S&P 500 and the Nasdaq lost 0.3% apiece while the Dow (-0.2%)... Read More
A belated winter storm stirred up an extreme case of the Mondays as investors left the major averages largely unchanged to start the week. The S&P 500 finished the session relatively flat while the Nasdaq (+0.2%) and the Dow (-0.1%) closed on opposite... Read More
A rate hike at next week's FOMC meeting appears to be a mere formality following the better than expected Employment Situation Report for February, which crossed the wires early Friday morning. That seemed to be alright with investors as they pushed the major averages higher to finish a slightly... Read More
The bulls and the bears slugged it out on Thursday until the energy sector (+0.6%) gave the bulls a slight edge in the final stretch. The S&P 500 finished with a slim 0.1% gain while the Nasdaq and the Dow closed flat. Meanwhile,... Read More
Crude oil ($50.40/bbl) stole the spotlight on Wednesday, plunging 5.3%, after the latest Energy Information Administration (EIA) inventory report showed a much higher build than the consensus estimate (8.2 million vs 2.0 million est.). The major averages held their ground for some time amid the energy... Read More
Tuesday's session was largely uneventful as market-moving catalysts were in short supply. The major averages trended just below their flat lines for the majority of the session, but a late afternoon sell-off left them near their worst levels of the day. The Nasdaq (-0.3%) finished in line with the S&P... Read More
A morning sell-off was met with a slight uptick in buying interest on Monday afternoon, leaving the major averages with modest losses to start the new week on lower-than-average trading volume. The Dow finished lower by 0.2% while the S&P 500 (-0.3%) and Nasdaq (-0.4%) performed slightly worse. Small-caps were... Read More
The major averages finished Friday's session near their unchanged marks as investors digested the latest remarks from Fed Chair Janet Yellen. The Nasdaq (+0.2%) outperformed while the S&P 500 (+0.1%) finished with a slim gain. The Dow closed the day unchanged.
The U.S. dollar retreated in the wake of Ms. Yellen's comments, nearly doubling its earlier loss. The U.S. Dollar Index (101.35, -0.81) finished Friday lower by 0.8%.
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The major averages took a dip on Thursday as they cooled off from their red hot Wednesday performance. The S&P 500 finished the day 0.6% lower. The Dow (-0.5%) performed slightly better and the Nasdaq (-0.7%) closed a tad behind. The Russell 2000 (-1.3%), meanwhile, suffered the largest loss after... Read More
President Trump's first address to Congress appeared to be a hit, at least among investors, as traders confidently pushed the major averages to fresh record highs on Wednesday. The Dow (+1.5%) finished just slightly ahead of the benchmark S&P 500 (+1.4%) and the Nasdaq (+1.4%), while the small-cap Russell 2000 (+1.9%) outperformed.
It wasn't necessarily 'what' Mr. Trump said on Tuesday evening that fueled investors' confidence, it was 'how' he said it. The new president looked, well, 'presidential', a good sign that his controversial style can be toned-down when need be. More importantly, he showed investors that he is committed to getting his pro-growth promises through Congress, even if it means a little compromise.
Read MoreInvestors took some money off the table after a strong month and ahead of President Trump's first prime-time address to Congress, which is scheduled for tonight at 9:00 pm ET. The S&P 500 (-0.3%) and the Dow (-0.1%) held slim losses throughout the day's session, while the Nasdaq's (-0.6%) slip was a bit more substantial. Meanwhile, the Russell 2000 finished with a sizable loss of 1.4%. For the month, the Dow gained 4.8% while the Nasdaq and S&P 500 added 3.8% and 3.7%, respectively.
President Trump is expected to touch on variety of topics in his speech, including tax reform, infrastructure spending, health care, military spending, and border security, but it is unclear if Mr. Trump will share any specific details on anything other than his defense budget.
Read MoreInvestors cautiously nudged the major averages higher on Monday in another afternoon rally that has become almost expected as of late. The Dow (+0.1%) closed at a fresh record high for the 12th consecutive time, while the S&P 500 (+0.1%) posted a fresh record high of its own. The Nasdaq... Read More
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The stock market held a modest loss throughout the majority of Friday's session, but the cautious sentiment was just an illusion as bulls bought the dip and pushed the stock market into the green during the final minutes of the session. The S&P 500 (+0.2%) and the Nasdaq (+0.2%) eked out slim gains while the Dow (+0.1%) finished just above its flat line to record its 11th consecutive record close. Outside of an opening dip, today's session was rather range-bound as the market cut its initial loss in half and traded in sideways fashion until an afternoon charge into the green |
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Investors have navigated a wave of information in the first half of Thursday's session with caution, leaving the benchmark S&P 500 index flat at midday. The Dow (+0.2%) outperforms while the Nasdaq (-0.5%) and the small-cap Russell 2000 (-0.9%) hold solid losses.
The Nasdaq has taken a blow from chipmakers today with NVIDIA (NVDA 101.35, -9.45) leading the retreat. The company has plunged 8.6% after analysts from both BMO Capital and Instinet downgraded NVDA shares this morning. The PHLX Semiconductor Index trades lower by 1.5%.
Read MoreInvestors tapped the brakes on Wednesday, displaying slight caution amid a wave of potentially influential economic reports. The Nasdaq (-0.1%) closed in line with the S&P 500 (-0.1%) while the Dow outperformed (+0.2%), recording its ninth consecutive gain.
The major averages started today's session with modest losses, but they ticked up following Existing Home Sales for January. The report came in better than expected, showing an annualized rate of 5.69 million units while the Briefing.com consensus expected a reading of 5.57 million.
Read MoreLast week's bullish sentiment carried over into the first session of the new week as investors decidedly pushed the stock market to new record highs on Tuesday. The S&P 500 (+0.6%) and the Dow (+0.6%) led the advance with the Nasdaq (+0.5%) closing... Read More
Buyers showed up late to the party on Friday but were still able to recoup modest morning losses and push the major averages to fresh record highs. The uptick during the final hour prevented a mixed finish with the Nasdaq (+0.3%) and the... Read More
Investors took a breather on Thursday, pulling the S&P 500 and Nasdaq away from their freshly-minted record highs after seven consecutive advances. The pullback was modest in scope, leaving the S&P 500 and the Nasdaq lower by 0.2% while the Dow (unch) resisted, eking out a slight gain. The Treasury market,... Read More
Equity indices marched through a stockpile of economic data to new record highs on Wednesday as the S&P 500 (+0.5%) posted its seventh consecutive advance. The Dow (+0.5%) finished in line with the benchmark index while the Nasdaq (+0.6%) closed a step ahead. p... Read More
Equity markets are taking a breather after setting yet another record high yesterday and ahead of Fed Chair Janet Yellen's testimony on Capital Hill today. The S&P 500 futures trade one point above fair value.
Ms. Yellen will be delivering her semiannual monetary policy report to the Senate Banking Committee today at 10:00 am ET. Investors will be tuned in, looking for indications regarding the timing of the next rate hike from the FOMC.
U.S. Treasuries face modest selling pressure ahead of Fed Chair Yellen's report. The benchmark 10-yr yield is up one basis point at 2.44%.
Read MoreAnother day, another record close for the major averages. The key indices backed away from their best levels during afternoon action, but still kept the bulk of their gains. The Dow (+0.7%) led the day's advance while the S&P 500 and the Nasdaq... Read More
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Stagnant no more, the major averages finished Thursday's session at fresh record highs. The S&P 500, Nasdaq, and the Dow closed with gains of 0.6%, while the small-cap Russell 2000 (+1.4%) outperformed. Visions of tax reform drove today's advance after President Trump promised to make a "phenomenal" tax-related announcement in the... Read More
The major averages finished Wednesday's session flat, but mixed as the S&P 500 (+0.1%) and the Nasdaq (+0.2%) closed with modest gains while the Dow (-0.2%) underperformed. In a day short on economic data, earnings reports made the biggest splash with a slew of companies reporting their quarterly results between yesterday's... Read More
Minimal movement on Monday set the tone for Tuesday's flat finish as the major averages closed the day relatively unchanged in what was a range-bound trading session. The Nasdaq (+0.2%) and the Dow (+0.2%) eked out small gains while the S&P 500 finished right at its flat line.
Countercyclical sectors had a slight advantage during Tuesday's session with four of the five posting gains. Consumer staples (+0.8%) finished atop the day's leaderboard with Church & Dwight (CHD 47.27, +1.82) adding 4.0% after reporting better than expected earnings and raising its dividend.
On the cyclical side, technology (+0.4%) outpaced the benchmark index on the back of another solid showing from Apple (AAPL 131.53, +1.24). Industrials (+0.2%) were the only other cyclical sector to finish the day higher, rallying around the 4.5% jump in shares of Emerson Electric (EMR 62.54, +2.68). The company beat top and bottom line estimates and issued upbeat guidance for 2017.
Read MoreMonday's session ended roughly where it began as investors opted to play it safe, leaving the major averages just below their all-time highs. The Dow (-0.1%) and the Nasdaq (-0.1%) closed just ahead of the S&P 500 (-0.2%), while the small-cap Russell 2000 (-0.8%) underperformed.
An uptick in the Treasury market pointed to a risk-off sentiment among investors. The benchmark 10-yr yield closed five basis points lower at 2.41% as the Trump administration's timing of corporate tax reform and increased infrastructure spending, two factors that fueled the post-election rally, remains unclear.
On the earnings front, Tyson Foods (TSN 63.13, -2.26), Sysco (SYY 51.20, -1.34), Newell Brands (NWL 44.23, -2.66), and Hasbro (HAS 94.31, +11.68)
Read MoreFriday's economic data gave investors the confidence to finally break the week's sideways trend and push the stock market higher. The major averages hit their session highs within an hour of the opening bell and maintained said levels into the close. The S&P 500 finished with a gain of 0.7%,... Read More
Investors held their ground again on Thursday, as the major averages failed to deviate from their flat lines in range-bound action. The S&P 500 (+0.1%) finished just above its flat line, while the Nasdaq (-0.1%) closed just a tick lower. The sideways action... Read More
Pockets of strength kept the S&P 500 near its flat line on Wednesday despite investors' lack of buying conviction. The S&P 500 finished flat while the Nasdaq (+0.5%) and Dow Jones industrial Average (+0.1%) ended modestly higher thanks to a huge move in shares of Apple (AAPL 129.92, +8.57,... Read More
Investors continued hedging their investment risk on Tuesday, choosing to play it safe in the wake of last week's record high levels and amid a week full of influential reports on both the earnings and economic fronts. However, an afternoon rally helped the major averages finish at their highest levels... Read More
Investors decided to err on the side of caution to open a week full of earnings reports and influential economic data. The S&P 500 finished the day lower by 0.6%, while the Nasdaq (-0.8%) closed just a tick below the benchmark index.
Equity indices faced broad-based selling pressure from the start of Monday's session, with many fingers pointing to President Trump's executive order, which suspended the U.S. refugee program and temporarily restricted nationals of seven countries--Iran, Iraq, Libya, Somalia, Sudan, Syria, and Yemen--from entering the United States, as the driver of the bearish tone.
Read MoreIt appears that investors ran out of ink after rewriting the record book during Wednesday's session as the major averages closed the week relatively unchanged from those record levels. The S&P 500 (-0.1%) finished Friday's session just below its flat line, while the... Read More
Investors were very selective of their pitches when they stepped up to the plate on Thursday, ultimately choosing to take ball four rather than risking a swing and miss. Despite news, earnings, and economic data, the major averages finished in the neighborhood of where they began, with the S&P 500... Read More
Investors methodically pushed the major averages to record highs on Wednesday, with the Dow climbing past the 20k milestone along the way. All indices finished the day solidly higher, collectively signaling that the post-election rally isn't dead just yet. The S&P 500 closed... Read More
Slow and steady was the theme on Tuesday as the major averages opened flat and advanced throughout the duration of the session to close solidly higher. The Nasdaq (+0.9%) picked up steam in the afternoon to finish a step ahead of the S&P 500 (+0.7%), while the small-cap Russell 2000... Read More
Equity indices opened the week on a down note, unable to overcome the uncertainty surrounding the transfer of political power in Washington D.C. An afternoon rebound helped the market erase a portion of its loss, but the S&P 500 still finished lower by... Read More
The rubber has finally met the road as Donald Trump became the 45th President of the United States on Friday. It will now be up to his administration to live up to the post-election hype that pushed the stock market up nearly 7.0% between... Read More
A wait-and-see attitude lingered throughout today's trading session, but the rubber will finally meet the road tomorrow when Donald Trump becomes the 45th President of the United States and gets a chance to deliver on promises that drove the stock market to a... Read More
Wednesday's trading session closed in the neighborhood of where it opened as investors generally elected to watch rather than act amid a batch of economic data and a slew of corporate news. The major averages finished mixed with the S&P 500 and the Nasdaq adding 0.2% and 0.3%, respectively, while... Read More
The major averages opened the shortened week on a losing note, succumbing to profit-taking activity in the face of some political angst. The S&P 500 finished Tuesday's session 0.3% lower, while the Nasdaq (-0.6%) and Russell 2000 (-1.4%) underperformed, weighed down principally by losses in the financial, semiconductor, transportation, and... Read More
The major averages finished Friday's session mixed. The S&P 500 (+0.2%) and the Nasdaq (+0.5%) closed in the green, while the Dow (unch) finished in the red. Investors had high... Read More
Equity indices finished Thursday's session lower amid a cautious tone on all fronts. The Dow led the retreat with a loss of 0.3%, while the benchmark S&P 500 index (-0.2%) registered a slimmer loss. The risk-off trade began with heavy selling pressure that pushed the stock market into negative territory at... Read More
The major averages closed Wednesday's session in the green with the S&P 500 adding 0.3%. The Dow outperformed the benchmark index with a 0.5% gain. The stock market held a... Read More
The major averages ended Tuesday's session on a mixed note. The Nasdaq (+0.4%) finished out front, followed by the S&P 500 (unch) and the Dow (-0.2%). Today's session got off to a flat start after some retailers and restaurants issued disappointing guidance. The cautions... Read More
Equity indices closed Monday's session mixed. The Nasdaq (+0.2%) posted a modest gain, while the S&P 500 finished lower by 0.4%. With news and economic data limited, the benchmark index... Read More
The stock market closed the week on a higher note, with the S&P 500 and the Nasdaq finishing Friday's session higher by 0.4% and 0.6%, respectively. The Dow (+0.3%) finished the day 34 points shy of the elusive 20k mark after coming within... Read More
The stock market finished Thursday just below its flat line as the S&P 500 shed 0.1%. The Nasdaq outperformed, adding a modest 0.2%.
Stocks were abe to overlook the red flags in other markets during the opening hour, but selling interest picked up soon thereafter. The S&P 500 saw a ten-point dip in the late morning amid defensive action in other asset classes. However, the slip, which came ahead of tomorrow's release of the Employment Situation Report for December (Briefing.com consensus 175K), was largely erased by the close.
Read MoreThe stock market ended Wednesday on a higher note, ending just below its session high. The S&P 500 finished higher by 0.6%, while the Nasdaq (+0.9%) outperformed the benchmark index. The Dow (+0.3%) will begin Thursday's session within striking distance of the 20k mark. Read More
The stock market began the new year on a higher note, but the bulk of today's advance took place during the initial minutes of the session. The S&P 500 added 0.9% after being up 1.1% during the opening hour.
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