[Chart courtesy of MarketWatch.com] The Dow Jones Industrial Average jumped to a new high Tuesday, trimming losses from the financial crisis after a four-year rally, fueled by monetary stimulus from the Federal Reserve and alleged indications of an improving economy. Equities extended their gains after the Institute for Supply Management’s index for non-manufacturing activity rose to 56 percent from 55.2 …
Indexes Retreat As Senate Rejects Sequestration Plan; Europe Rises On Draghi, Bernanke
[Chart courtesy of MarketWatch.com] US indexes did an about face and retreated in the final minutes of trading erasing earlier gains after a Senate vote kept $85 billion of automatic spending cuts in place starting at midnight, and data on growth and employment gave out mixed signals about the economy’s health. Gains in the US equity averages fizzled out after …
S&P 500 Fights To Stay Above 1,500; US And European Equities Continue Their Slide
[Chart courtesy of MarketWatch.com] US equities finished lower for a second straight day as a weak regional manufacturing report weighed on investor sentiment while concern mounted that the US Federal Reserve will scale back the pace of stimulus. The Federal Reserve Bank of Philadelphia’s index fell to minus 12.5 in February, the lowest since June, from minus 5.8 the month …
Stocks Hit A Slippery Slope After Fed Minutes
[Chart courtesy of MarketWatch.com] US stocks turned sharply lower Wednesday, falling from five-year highs after minutes from the Federal Reserve’s last meeting showed the central bank may scale back its bond buying program. In other words, the odds have increased that the spiked punch bowl will be watered down. The Fed’s Open Market Committee had said the central bank would continue buying …
US Indexes Hit Fresh Five-Year Highs; European Stocks Rally As German Sentiment Improves
[Chart courtesy of MarketWatch.com] US stocks finished higher Tuesday, sending the Dow Industrials and S&P 500 to new five-year highs, buoyed by a rise in corporate deal making and an improvement in German investor sentiment. OfficeMax Inc vaulted 21 percent while Office Depot Inc jumped 9.4 percent after the Wall Street Journal reported Monday (a market holiday) that the companies were in …
Stocks Barely Move On European Concern; Recession Weighs On Europe
[Chart courtesy of MarketWatch.com] US stocks barely budged after another day of low volume trading as shrinking economies in Europe and Japan overshadowed better-than-expected jobless claims on a banner day for M&A deals. The US jobless claims fell by 27,000, the most in a month, to 341,000 in the week ended Feb 9, a Labor Department report showed; that is …