[Chart courtesy of MarketWatch.com] US equities managed modest gains Wednesday after a four-year high new-home construction data offset disappointing earnings results from technology bellwethers like IBM and Intel. It’s simply amazing to me that good data points (housing starts being one of them), way out of the range of normal, have appeared recently, very conveniently just prior to the elections. …
US Stocks Rally On Economy, Earnings; Spain Lifts Europe
[Chart courtesy of MarketWatch.com] US stocks surged Wednesday with the Dow Industrials posting its biggest daily gain in more than a month following data showing a bunch of strong quarterly earnings report and a solid recovery in industrial activity in September. Risk appetite got a boost after a Federal Reserve report showed industrial output climbed 0.4 percent in September, beating …
US Equities Turn Higher As Retail Sales Lifts Sentiment; China, US Assist Europe
[Chart courtesy of MarketWatch.com] US equities moved higher Monday after retail sales data for September came in better than expected and Citigroup delivered above consensus quarterly earnings results. Sentiment was buoyed after a Commerce Department report revealed retail sales rose by a seasonally-adjusted 1.1 percent, beating forecasts of a 0.8 percent rise marginally. A separate report showed the Federal Reserve …
Market Loses Steam As Euphoria Over “Incomplete” Jobless Data Fades; Europe Stocks In Rally Mode
[Chart courtesy of MarketWatch.com] US markets erased gains to end nearly flat today as early optimism over upbeat economic data faded and a slump in Apple Inc weighed on technology stocks. Earlier, stocks rose for the first time this week and commodities rallied as risk sentiment improved following a record decline in US unemployment claims. A Labor Department report showed …
Heading South On Earnings Worries; Europe Retreats Over IMF Warning
[Chart courtesy of MarketWatch.com] US stocks pulled back sharply Wednesday with the S&P 500 posting its fourth down session in a row, as investors became concerned over growth, or the lack thereof, after aluminum producer Alcoa cut its global demand outlook citing weak Chinese demand. Chevron’s warning on third quarter profits weighed on the Dow Industrials after the oil conglomerate …
Equities Tumble Ahead Of Earnings Season; Europe Drops After IMF Forecast
[Chart courtesy of MarketWatch.com] Equities plunged today with the S&P 500 and NASDAQ extending losses for the third straight day as investors chose to remain on the sidelines while third quarter earnings season started unofficially. The Dow Jones Industrial Average (DJIA) slipped 110 points, finishing lower for the second day in a row. The 30-stock blue chip index turned overtly …