Themarketreboundedmodestlyfollowingsharpsell-offsintheprevioustwosessions.TheNasdaq,thebestperformeramongthebigthree,registeredagainof0.7%.Thenewsontheeconomicfrontwasgenerallypositive.Theweeklyclaimscameat365K,down9Kfromthepreviousweek’srevisedfigureof374K.Economistsexpectedareadingof372K.Thecontinuingclaimswereunchangedfromthepreviousweek.Asharpreversalinthecrudeoilpricealsohelpedmarketsentimen...[
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Themarketsoldoffsharplyfortheseconddayinarow.TheDow,whichwasreachinga4-monthhighonMonday,isoffmorethan550pointsduringthepast48hours.ThelatestFed’sminuteswerepartlyblamedontheafternoonselloff.However,itshouldbenotedthatthereisreallynothingnewintheminutes.TheFedbasicallyindicatedthattheirratecutcampaignwasoverfollowingthelatestcutonApril30thwhiletraderswereexpectingnoratechangelongbeforetoday’srel...[
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ThemarketcontinueditsslumpfromyesterdayafternoonwiththeDowfinishingthesessiondownby200points.Fromyesterday’sintra-dayhigh,theDowhasalreadygivenup350pointsintwodays.Wegotsomemixedinflationnews.TheheadlinePPIcametamerthanexpectedat0.2%.Economistscalledforariseof0.4%.ThecorePPI,however,climbedmorethanexpected,whichbroughttheyear-over-yearincreaseto3.0%.Anotherrecordhighincrudepricedidn’thelpmatters...[
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Themarketclosedthefirstsessionofthenewweekmixed.TheDow,upmorethan150pointsinearlytrading,finishedthedayupby0.3%whiletheNasdaqgaveup0.5%followingmorethan3%gaininthepreviousweek.Itisaverylightweekintermsofeconomicnews.TheLeadingIndicatorscameat0.1%vs.unchangedexpectedandmarkedthesecondconsecutivemonthofgrowth.BasedoncurrentavailabledatainMay,wemayseeanotherpositivereading.Onthenegativeside,crudeoilr...[
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ThemarketfinishedthisOEsessionlittlechanged.Butfortheweekasawhole,allthreemajorindicesperformedprettywell.TheDowwasupby1.9%andtheS&P500gained2.7%.TheNasdaq,thebestperformeramongthethree,gainedfourstraightdaysbeforegivingup0.2%intoday’strading.Fortheweek,itgained3.4%.Thenewsontheeconomicfrontwasmixed.Onthepositiveside,wegotbothBuildingPermitsandHousingStartsunexpectedrisefromthepreviousweek.Ontheo...[
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Allthreemajorindicesfinishedthesessionupbyaround1%.TheNasdaq,afterafailedattemptyesterdaytotakeits200-daymovingaverage,gainedalmost1.5%forthedayandclosedabovethekeytechnicallevelforthefirsttimesinceJanuary.Thenewsontheeconomicfrontwasmixed.Theweeklyjoblessclaimscameat371K,matchingwithmarketexpectation.Thecontinuingclaimsincreased28Kfromthepreviousweekto3.06million,thethirdstraightweekthatthenumber...[
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Themarketclosedthesessionmodestlyhigher.TheDow,whichwasupasmuchas150pointsearlier,finishedthedaywitha0.5%gain.Theeconomicnewsofthedaywasonthepositiveside.TheheadlineCPIreadingforAprilrose0.2%comparedto0.3%expected.Excludingfoodandenergyprices,theCoreCPIwasalsobetterthanexpectedat0.1%.Apullbackincrudeoilonlyhelpedtofueltherally.
Transportationswereamongthenoticeablewinnersfortheday.Inparticular...[
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ThemarketclosedinasplitfashiononthisTuesday.TheDow,batteredbya5%dropinHewlett-Packard,postedalossofaround0.3%.TheNasdaq,ontheotherhand,closedhigherby0.3%andsitatafresh4-monthhigh.Thenewsontheeconomicfrontwasmixed.Ononehand,importpricesinAprilincreasedahigher-than-expectedof1.8%fromthepreviousmonth,bringingtheyear-over-yearimportinflationto15.4%.Evenexcludingfuels,theimportcostsstillrose6.2%,thelar...[
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Themarketstartedthenewweekinapositivetone.AllthreemajorindicesmanagedtofullyrecouptheirlossesfromlastFridaythenaddedafewmorepoints.Thevolume,however,isonthelightside.Thereislittleeconomicnewsscheduledtobereleasedtodayalthoughwehavetonsofeconomicnewslatethisweek.ApullbackintheoilpriceseemedtobeenoughtooffsetnegativeearningswarningfromFedExandanothergiganticlossfrombondinsurerMBIA.
Allmajorsecto...[
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Yesterday’srallyprovedtobeshort-lived.Allthreemajorindicesendedthedayandtheweeklower.TheDow,whichwasdraggedbyanalmost9%lossinitscomponentAIG,startedthedayoffbymorethan100pointsandwasstayinginthenegativeterritorythroughoutthesessionbeforeendingthedaylowerby120points.Fortheweek,themarketwasoffbyaround2%,endinga3-weekwinningstreak.Theonlyeconomicnewscamepositivelyasthetradebalancenarrowedmorethanexp...[
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