[Chart courtesy of MarketWatch.com] Traders are bracing for a volume surge Wednesday when US stock markets reopen after being shuttered for two days to deal with the devastating effects of Hurricane Sandy that triggered an unexpected shutdown on Wall Street. An average of 3.5 billion shares have been changing hands everyday throughout much of the month, but traders say that …
Sandy Shuts Down Markets For Two Days; Europe Drifts Lower On Earnings, Hurricane Fear
[Chart courtesy of MarketWatch.com] US stock markets will be closed for the second straight trading day on Tuesday as Wall Street assesses the impact of Hurricane Sandy. Exchange officials chose to suspend operations for the first time in 27 years Monday on safety concerns as Sandy lumbered towards the East Coast, bringing potentially devastating winds and surging waters. The major …
Equities Leak Higher On Data; Europe Rises On Earnings
[Chart courtesy of MarketWatch.com] US equities snapped a two-day losing streak to end modestly higher as investors weighed better economic data against average corporate earnings report. Economic data offered the silver lining after two day’s of hammering. Demand for durable goods jumped 9.9 percent in September, a Commerce Department report revealed. Also, first time jobless claims came in better than …
Skidding To Seven-Week Low As Fed Decision Offsets Economy; Europe Rises On PMI Data
[Chart courtesy of MarketWatch.com] Giving out early session gain gains, US stocks finished lower Wednesday as the Federal Reserve’s call for modest growth tempered moods amid signs of improvement in Chinese factory output and American housing market. October US flash manufacturing activity notched up to 51.31 from 51.1 in September while the US housing industry continued to chug ahead, extending …
Exuberance Disappears As Markets Take It On The Chin; Europe Plunges
[Chart courtesy of MarketWatch.com] Stocks took another plunge today with the Dow Industrials hitting a seven-week low after a batch of weak US earnings numbers and worries over Spain deepened investors concern of a global slowdown. Risk sentiment soured after ratings agency Moody’s Investor service downgraded Spain’s five regions by one or two notches stating their long term funding alternatives …
Jobs Data Disappoints While Google Weighs On Equities; Europe Hits 16-Month High
[Chart courtesy of MarketWatch.com] US stocks turned lower Thursday falling for the first time this week as tech giant Google missed earnings target highlighting the storm brewing in the tech sector while a rise in weekly jobless rate eclipsed upbeat manufacturing data. The mood went sour after a Labor Department showed initial jobless claims jumped 46,000 to 388,000, reversing a …