[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks recovered a bit from some of the losses that were suffered last week. Investors were encouraged by positive corporate earnings announcements, including Berkshire Hathaway (BERK). The S&P 500 posted a 0.72% gain, the Dow rose 0.46% and the Nasdaq also added a 0.72% gain on the day. In tech news, Apple …
Major Indexes In Detour Mode; TTIs Remain On The Bullish Side
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Nothing goes up forever, so the inevitable was bound to happen sooner or later. The last day of the month was as good as any for the S&P 500 to not only post its worst loss since April but also its first monthly decline since January. The other major indexes pulled back …
GDP Numbers Bode Well For Economic Outlook
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Well, the GDP numbers came in today and it was all good news. Prior to the opening bell, the government reported that the economy grew at a robust 4% annual pace in the April-June period, which smashed economists’ estimates of 3% growth. This was a sharp rebound from a 2.1% contraction in …
Stocks Relatively Flat On Monday; M&A News Takes Majority Of Headlines
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks dropped early on, but were able to cut losses and end mostly positive by the end of the day. The Dow gained 0.1%, the S&P 500 index rose a fractional 0.03%, and the Nasdaq lost 0.1% on the day. Most of the headlines today centered on M&A deals. The dollar store …
Stocks End Idle On Mixed Economic Data; Amazon Fails To Impress
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Major U.S. stock indexes ended roughly where they began Thursday, despite investors having to work through a busy day of corporate earnings and two economic reports. The S&P 500 inched out a 0.05% gain, while the Dow and Nasdaq lost 0.02% and 0.04% respectively. Homebuilder stocks slid and dragged the market lower …
S&P Moves To New High As Investors Remain Bullish On Earnings
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The S&P 500 topped previous record highs today, riding the wave of positive corporate earnings reports. 68% of earnings reports have topped analyst estimates so far, and according to a Thompson Reuters report, companies are on track to grow earnings 5.4% in the second-quarter. For the day, the S&P 500 gained 0.2% …