[Chart courtesy of MarketWatch.com] US stocks advanced Tuesday, recouping more than half of Monday’s biggest decline in the benchmark indices since November as Bernanke defended the Fed’s policy amid solid housing and consumer confidence data. The jury is still out whether that was just a low volume dead cat bounce, or the beginning of something more. Economic activity in the …
US Indexes Break Below Major Milestone Levels As Italy And Sequestration Hit
[Chart courtesy of MarketWatch.com] US stocks turned severely lower, with the Dow Industrials and the S&P 500 suffering their sharpest one-day decline of the year, giving benchmark indexes the biggest loss since November as political instability in Italy and looming spending cuts in the US hit investor sentiment. Stocks erased early gains as partial election results suggested Italy may be …
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 …
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 …
US Stocks Crawl Higher On Data, Speech; Europe Extends Gains For The Second Day
[Chart courtesy of MarketWatch.com] While blue-chips declined, most US stocks closed marginally higher Wednesday, sending the Standard & Poor’s 500 Index to the highest level since Oct 2007 as investors compared slowing retail sales with slightly upbeat earnings report. Before markets opened, data released by the Census Bureau showed US retail sales rose at a seasonally adjusted pace of 0.1 …