[Chart courtesy of MarketWatch.com] 1. Moving The Markets Apparently, investors and traders across the board were well rested when the markets re-opened today, because the major indexes roared all day and the S&P 500 advanced to close at a record high for the second trading day. The Dow gained 0.42% and the Nasdaq rose 1.22% on the day. The large …
Biotech Gives Pop To Nasdaq; New Data On China’s Manufacturing
[Chart courtesy of MarketWatch.com] 1. Moving The Markets The stock market opened full steam ahead on Thursday and showed no signs of a pullback. The Nasdaq led index gains today up 0.55%, while the S&P rose 0.21% and the Dow squeezed out a 0.06% increase. The Nasdaq was propelled upwards today by a surge in biotech stocks. The Nasdaq biotech …
Markets Back On Top Across The Board
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Major U.S. stock indexes mounted a solid comeback today; recovering their losses from the prior day and seeing the Dow log its largest gain in five weeks. As the chart above shows, all major indices gained nicely. We heard the latest Fed minutes today, but surprisingly there was little reaction from investors, …
Retail Numbers Drag Markets; MSFT Unveils Surface Pro 3…Are You Excited?
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Markets finished the day all covered in red, with the indexes retreating as the chart above shows. All 10 primary S&P 500 sector indexes fell, and nearly three-fourths of Nasdaq-listed names were down for the day. Yesterday, I mentioned that there were still a few notable companies due for earnings reports this …
Markets Respond Mixed To M&A News As Q1 Earnings Season Winds Down
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Stocks dwindled around breakeven for most of the day, but finished strong led by Internet stocks and mixed M&A success. All the major indexes closed higher as the chart above shows. In M&A news, AstraZeneca (AZN) rejected yet another takeover bid from Pfizer (PFE). AstraZeneca rejected a revised £69 billion ($116 billion) …
A Mixed Bag Of Data Whacks The Bulls
[Chart courtesy of MarketWatch.com] 1. Moving The Markets It was a one-two punch based on disappointing earnings and a mixed bag of data that sent the bulls to the mat, at least for the time being. All major indexes lost as the intra-day chart above shows. Despite the manufacturing index coming in better than expected and a reduced number of …