[Chart courtesy of MarketWatch.com] Stocks climbed throughout the session today to kick off the week with solid gains despite mixed economic data. The Standard & Poor’s 500 Index rose 11 points to 1,594 surpassed its previous record close set earlier this month. Growth-oriented stocks, including energy and technology, lead the way to the index’s sixth rise in the past seven …
One Man’s Opinion: Why Has The US Economic Recovery Been So Choppy?
The latest inflation number has been quite low at an annual pace of 1.2 percent, but it’s a lagging indicator and will probably keep the Fed on hold for longer, meaning bond proxies and income orientation that has worked well thus far will continue to do so in future, said David Rosenberg, chief economist and strategist at Gluskin Sheff & …
Positive Data Equals Another Consecutive Day of Gains
[Chart courtesy of MarketWatch.com] The Standard & Poor’s 500 Index extended its rally to a fifth day as major U.S. equity indices closed the trading day positive. For much of Thursday, markets were boosted by a number of earnings beats and encouraging jobless numbers from the Labor Department; but gave back some gains late after reports that Germany’s central bank …
Index ETFs Fail to Find Direction; Mixed Finish
[Chart courtesy of MarketWatch.com] Investors are left with little convictions as a result of disconcerting earnings results and a disappointing read on US durable goods orders. The market closed marginally lower at the Dow while extended gains in the Standard & Poor’s 500 Index to a fourth day. More than three stocks rose for every two that fell on U.S. …
Markets Crash Briefly Over White House Bomb Fake
[Chart courtesy of MarketWatch.com] Equities logged a third straight day of gains in late trading Tuesday. Midday, the indexes took steep nosedive (see chart above) following a false AP tweet that indicated that the White House had been the victim of an explosion and that President Obama had been injured. AP confirmed its Twitter account was hacked. Almost immediately following …
Starting The Week On A Positive Note Despite Negative Data
[Chart courtesy of MarketWatch.com] The market returned from the weekend with some modest gains, after the biggest weekly loss in five months for the Standard & Poor’s 500 Index. The S&P 500 increased 0.5 percent while the Dow Jones Industrial Average rose a meager 0.1%. Energy and materials shares were among the best performers of the day on the S&P …