[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% …
Stocks Gain On Solid Earnings Reports And Economic Data
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks generally trended higher today, mostly driven by some positive earnings announcements and economic data that showed the U.S. economy remains on track for positive growth. Housing data showed that existing home sales hit an eight-month high in June, and the U.S. Consumer Price Index also rose in June. Chipotle (CMG) continued …