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The major averages did little to distinguish themselves in the final session of the week. The Dow Jones Industrial Average and S&P 500 both ended flat while the Nasdaq underperformed, shedding 0.3%. Today’s trading range was limited to just five points in the S&P 500, but that masks the fact... Read More
The major averages capped a solid week with a broad advance. The S&P 500 added 0.5%, extending its weekly gain to 2.7%. Equities spent the entire session in a steady climb after the final reading of third quarter GDP sparked a broad-based rally. The report pointed to growth of... Read More
The stock market experienced a flat finish to an otherwise-forgettable week. The S&P 500 shed less than one point, maintaining its December loss of 1.7%. Small-caps outperformed as the Russell 2000 gained 0.4%, but the index remains lower by 3.1% this month. Equities registered opening gains, but the early strength... Read More
Equity indices finished the holiday-shortened session on a mixed note. The Nasdaq stayed true to a theme that has held throughout the week, finishing ahead of its peers. The tech-heavy index advanced 0.4%, extending its week-to-date gain to 1.7%. The S&P 500 shed 0.1%, but still managed to secure its... Read More
Equities registered modest gains as the S&P 500 added 0.4%, registering its sixth consecutive weekly gain. The benchmark index spent the bulk of today’s quiet session inside of a four-point range until the now-familiar final-hour rally sent the index to a fresh nominal record high of 1798.18. The Dow Jones... Read More
Equities climbed throughout the session despite showing early signs of a potential continuation to yesterday’s weakness. The S&P 500 advanced 1.3% while the Nasdaq and Russell 2000 outperformed with respective gains of 1.6% and 1.9%. Before today’s opening bell, it was announced that nonfarm payrolls increased by 204,000 in October (Briefing.com... Read More
The S&P 500 added 0.3% to end the week with a slim advance of 0.1%. Although the broader market ended little changed, small caps were under pressure throughout the session as the Russell 2000 lost 0.4%. Notably, relative weakness among small caps was a recurring theme throughout the week, causing... Read More
The S&P 500 registered its third consecutive gain, rising 0.7% to extend its weekly advance to 2.4%. However, the Nasdaq (+1.3%) was today’s standout as Google (GOOG 1011.41, +122.61) made a significant contribution to the relative strength of the tech-heavy index. Shares of Google surged 13.8% after the company... Read More
The S&P 500 added 0.6% to extend its weekly gain to 0.8%. The Nasdaq outperformed with an advance of 0.8%, but finished the week with a loss of 0.4%. Stocks climbed amid morning reports indicating a new proposal has been put forth by Republicans that would end the government shutdown... Read More
Equities ended the week on a lower note with the S&P 500 shedding 0.4%. The index widened its loss for the week to 1.1% as participants exhibited caution ahead of the weekend given the uncertainty associated with the ongoing budget showdown. Earlier today, the Senate passed a funding bill that would... Read More
The S&P 500 settled lower by 0.7%, but managed to end the week with a solid gain of 1.3%. The major indices spent the entire session in a steady retreat off their opening levels with industrials and materials leading to the downside. Sellers remained in control throughout the day amid divisive... Read More
The S&P 500 added 0.3% to extend its weekly gain to 2.0%. Today’s session was very quiet as participants displayed tepid demand for equities ahead of next week’s highly-anticipated FOMC meeting where a tapering announcement may occur. Excluding a brief dip during the opening hour, the major averages were confined... Read More
The S&P 500 eked out the slimmest of gains (+0.09 point) to register its fourth consecutive advance, maintaining its September advance at 1.4%. Prior to the opening bell, it was reported that August nonfarm payrolls increased by 169,000, which was below the 177,000 expected by the Briefing.com consensus. Private payrolls... Read More
The major averages ended August on a lower note as the S&P 500 shed 0.3% while the Nasdaq fell 0.8%. Small caps endured a rough session with the Russell 2000 falling 1.6%. With the Labor Day weekend ahead and the likelihood of military action in Syria also looming, participation was very... Read More
Monday marked the beginning of a new week for the stock market, yet the story played out much the same way it did during the prior week. Long-term rates continued to rise, the stock market continued to sink, and trading volume remained light. The major averages were mixed and little... Read More
The major averages ended a down week on a lower note as the S&P 500 shed 0.4% to widen this week’s loss to 1.1%. Shortly after opening in the red, the benchmark index briefly turned positive, but just like yesterday, it was unable to make a sustained move above the... Read More
The S&P 500 ended today’s session with a modest gain of 0.2% after spending the entire day in a slow climb off its opening lows. The opening slip took place as investors reacted to a weaker-than-expected July jobs report. Nonfarm payrolls added 162,000 jobs after adding a downwardly revised 188,000... Read More
Today’s session featured disappointing earnings from technology heavyweights, Google (GOOG 896.60, -14.08) and Microsoft (MSFT 31.40, -4.04), but that could have gone unnoticed if someone were to only focus on the performance of the S&P 500, which ended with a slim gain of 0.2%, notching a new record... Read More
The major averages registered gains after a final hour rally pushed the S&P 500 and Nasdaq to their highs. For its part, the Dow ended flat. Quarterly earnings were in focus this morning after JPMorgan Chase (JPM 54.97, -0.17) and Wells Fargo (WFC 42.63, +0.74) announced their results.... Read More
The major averages entered the weekend on a positive note. The S&P 500 settled higher by 1.0% as nine of ten sectors posted gains. Equities opened in the green after the June nonfarm payrolls report handily beat expectations (195K actual, 166K Briefing.com consensus). However, the details of the report took some... Read More
Stocks concluded their down week on a lower note as the S&P 500 shed 0.4%. Equities slipped out of the gate amid weakness in Treasuries. The 10-yr note sold off into the cash session open before erasing most of its losses. The benchmark 10-yr yield ended higher by two basis points... Read More
Week in Review: Stocks Endure Volatile Week The major averages ended Monday’s session largely unchanged. Before the open, Standard & Poor’s raised its US outlook to Stable from Negative. The change contributed to a strong start, but buying interest tapered off shortly thereafter. Apple (AAPL 430.05, -5.91) swung from... Read More
Week in Review: Stocks Wobble Ahead of Jobs Data On Monday, The major averages registered modest gains with the Dow Jones Industrial Average leading the way, adding 0.8%. The Nasdaq eked out a gain of 0.2% while the S&P 500 climbed 0.5%. The Dow outperformed as Merck (MRK 48.19,... Read More
Week in Review: Choppy Week Leaves S&P in the Red On Monday, equity and bond markets were closed in observance of Memorial Day. Tuesday ended with solid gains for the major indices as the Dow Jones Industrial Average logged its 20th consecutive advance on a Tuesday. The early action saw nine of... Read More
On Monday, the major averages registered slim losses after intraday action saw the Russell 2000 cross above the 1,000 level for the first time. The lack of conviction was owed in part to a lack of stirring catalysts. M&A activity was among the notable developments as Yahoo! (YHOO 26.33,... Read More
May 17, 2013 The S&P 500 ended this week with a bang, roaring to a new all-time high on the back of stronger-than-expected economic data, influential leadership, and an ongoing appreciation for the Fed’s monetary policy support. The bullish bias was evident in premarket action as the S&P futures... Read More
Week in Review: S&P 500 Climbs to New Record Highs On Monday, April retail sales and retail sales ex-auto will be reported at 8:30 ET while March business inventories will be released at 10:00 ET. Week in Review: S&P 500 Climbs to New Record Highs On Monday, the major averages ended... Read More
5/3/13 The major averages registered strong gains as the April jobs report boosted stocks at the open. The S&P 500 jumped 1.0% and notched a fresh record close at 1,614.40 while the Dow added 0.9% after peeking above 15,000 in morning action. On the surface, the employment report for... Read More
4/26/13 The major averages entered the weekend on a mixed note as the S&P 500 slipped 0.2% while the Dow Jones Industrial Average added 0.1%. The final session of the week began on a cautious note as downbeat overseas trade and mixed corporate earnings pressured equity futures. In addition, a... Read More
After logging four consecutive gains, the S&P 500 entered the weekend on a lower note. The benchmark average shed 0.3% while the Dow Jones Industrial Average ended flat. Equities ended lower as two economically-sensitive sectors pressured the broader market. The notable underperformance of energy and materials was largely due to the... Read More
March 22, 2013 Equity indices finished today’s session firmly higher and the S&P 500 settled with a gain of 0.7%. Stocks began the final session of the week on a positive note with notable strength in consumer stocks. The consumer discretionary sector paced today’s advance from the opening bell after... Read More
The major averages finished the week on a lower note and the S&P 500 shed 0.2%. Elsewhere, the Dow Jones Industrial Average declined 0.2% and snapped its streak of ten consecutive gains. Equities slipped out of the gate with today’s quadruple witching providing additional volume at the start. The lower... Read More
March 8, 2013 The major averages ended the final session of the week with modest gains. The day started on an upbeat note after February nonfarm payrolls were reported well ahead of expectations. However, the opening strength did not hold and the S&P 500 promptly slid back to yesterday’s closing... Read More
March 1, 2013 Stocks finished the first session of the month on a positive note despite showing early weakness. The downbeat start took place as the markets digested disappointing PMI readings from China and the United Kingdom. In China, the country’s manufacturing PMI slipped to 50.1 from the... Read More
February 22, 2013 The S&P 500 gained 0.9% to rebound from its two-day slide which saw the index drop just under 2.0%. However, despite today’s rally, the benchmark average was unable to register a higher close for the week, thus snapping its streak of seven consecutive weekly gains. Stocks began... Read More
February 15, 2013 The major averages ended today’s session on a mixed note. The Dow added 0.1% while S&P 500 shed 0.1% after late-afternoon weakness pressured the index to its lows. Equities saw little change into the final two hours of trade when reports indicated Wal-Mart (WMT 69.30, -1.52)... Read More
Feb 8, 2013 The S&P 500 punctuated a somewhat volatile week by adding 0.6%. Though the benchmark index ended firmly in the black, the bulk of its advance took place during the initial minutes. After notching a session high in the 1518 area, the index spent the remainder of the... Read More
February 1, 2013 Stocks saw broad gains during today’s session and the S&P 500 ended higher by 1.0%. Meanwhile, the Dow climbed 1.1% and settled above 14,000 for the first time since October 2007. The day was busy with economic data, most of which surprised to the upside. Overseas, China’s... Read More
January 25, 2013 Stocks began the final session of the week on a strong note as upbeat European trade supported U.S. equity futures. The positive sentiment across the old continent resulted from a strong German Ifo Business Climate Index, which beat expectations on both componentsbusiness expectations and the current assessment.... Read More
January 18, 2013 Equities began the session on a rather uninspiring note, but managed to climb back into positive territory by day’s end. The key indices got off to a slow start despite China reporting its 2012 GDP growth at 7.9%. While the reading beat expectations, investor optimism was... Read More
January 11, 2013 The major averages saw little change during today’s session, and the S&P 500 remained at its five-year high. However, equities slipped out of the gate as data out of China indicated the country’s consumer price index rose by 2.5% year-over-year. The news put a damper on expectations... Read More
January 4, 2013 The S&P 500 gained 0.5% to punctuate a week which saw the index climb over 4.0%. Today’s advance was notable as it took the benchmark average to its best close since December 2007. The weeklong rally arrived after Washington lawmakers were able to avoid the fiscal... Read More