Themarketstartedthenewweekinavolatilefashion.TheDow,up110pointsatitsbestanddown160pointsatitsworst,closedthesessionmodestlylower.TheS&P500hadasimilarvolatilesessionbeforeendingthedayatthegateofthebearmarketterritory.TheclosingpriceforthatindexisthelowestsinceJuly2006.Thereislittleeconomicnews.A2%pullbackincrudepriceandsomeM&Aactivitiesfailedtoboostthestockmarket.
Financialsandenergieswereamong...[
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Themarketfinishedthisshortenedpre-holidaytradingsessioninamixedfashion.TheDow,afterofficiallyenteringintothebearmarketterritoryyesterday,reboundedmodestlywithagainof0.7%.TheNasdaq,draggedbyaprofitwarningfromNvidia,endedthesessionlowerby0.3%.Fortheweek,theDowwaslowerbyabout0.5%andtheNasdaqlost3%.Wegotsomeimportanteconomicnewsthismorningandtheresultswerequitemixed.Startwiththemostimportanteconomicre...[
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ThemarketsoldoffsharplyonthisWednesdayandsentboththeDowandtheNasdaqofficiallyintothebearmarketterritory,whichisdefinedasadropofmorethan20%fromtheprevioushighs.Since1962,theDowexperienced11bearmarkets,accordingtoBirinyiAssociatesInc.Declinesaveraged29%andlasted322days.Thebiggestwasa45%dropduringthe694-dayperiodfromJanuary1973toDecember1974.TheS&P500wastheonlyindexamongthebigthreethatmanagedtostayab...[
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Themarkethadadramaticreversalonthisfirsttradingdayofthenewquarter.Atitsworst,allthreemajorindiceswerelowerbyatleast1%andtheS&P500wasonlyinchesawayfromitsMarchlows.Butalatedaycomebacktriggeredbybetter-than-expectedsalesresultsinGMmadeallthreemajorindicesendthesessioningreenterritory.Thenewsontheeconomicfrontwasactuallyquitepositive.TheISMindexincreasedto50.2inJunefrom49.6whileeconomistsexpectedadro...[
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Themarketfinishedthelastdayofthesecondquarterinamixedfashion.TheDow,despiteamodestlyreboundintoday’strading,endedthemonthwithalossof1288pointsandforthequarter,itlostmorethan7%.TheNasdaqpostedalossofnearly1%forthesessionbutforthequarter,itactuallyhadagainoflessthan1%.TheS&P500sufferedoneofitsworstmonthsinJuneandfinishedthequarterdownby2.5%.Itwasalightdayintermsoftheeconomicnews.TheChicagoPMIroseto...[
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Themarketresumeditsdropfromyesterdayasfewwereinterestedinbuyingstocksaheadoftheweekend.Itwasaterribleweekandmonthforbulls.Fortheweek,theS&P500wasoffby2.9%,theDowwasoffby4.1%whiletheNasdaqfell3.8%.Month-to-date,theDowwasdownby10.2%andtheS&P500wasdownby8.7%.ActuallyduringthesessiontheDowbrieflyenteredintobearterritoryasdefinedbya20%dropfromitsprevioushighandclosedonly20pointsabovethatlevel.Thedropin...[
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ItwasabloodyThursdayonWallStreet.Allthreemajorindiceswerelowerbyaround3%forthesession.TheDow,afteradropof358points,becamethefirstmajorindextotakeouttheJanuaryandMarchlows.Tobeprecise,itclosedatthelowestlevelsinceSeptember2006.ThisJuneturnedouttobeadisastermonthforstocks.TheDowwasdownby9.4%sofarinthemonth,makingittheworstJunesince1930.Eventakingothermonthsintoconsideration,itmarkedtheworstmonthlype...[
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ThemarketfinishedtheFOMCdecisiondaymodestlyhigher.TheDow,draggedbypoorperformanceinaerospacenamessuchasBoeing(down7%)andUnitedTechnologies(down3%),wasbasicallyflatforthesession.TheNasdaq,ontheotherhand,reverseditsunderperformanceduringthepasttwosessionsandadvanced1.4%forthesession.ThebiggestnewsforthedaywascertainlytheFeddecisionregardingitsmonetarypolicy.Asthemarkethadcorrectlypredicted,therewasl...[
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Themarketendedthesessionmodestlyloweraheadoftomorrow’sFOMCdecision,whichisscheduledtobereleasedat2:15pm.TheNasdaq,whichhasbeenoutperformingtherestofthemarketmosttimethisquarter,slumped17pointsor0.7%whileboththeDowandtheS&P500wereoffby0.3%.Afterseveralquietdays,wegotsomelatestreadingsontheeconomicfront.Unfortunately,thereisreallynothingtocheerabout.StartwiththeConferenceBoard’sconfidenceindex,whi...[
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ThemarketwaslittlechangedthisMondayaheadoftheFOMCmeetingtomorrowandWednesday.BoththeDowandtheS&P500wereessentiallyflatwhiletheNasdaqendedthesessionlowerbylessthan1%.TherewaslittleeconomicnewsbutwedidgettwosmallM&Adealsintheagricultureandwastemanagementsectors.Overtheweekend,littlesurprisecouldbefoundintheSaudimeeting,whichbasicallygavethecrudepriceagreenlighttomovehigher.
Commoditiesespecially...[
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