[Chart courtesy of MarketWatch.com] Domestic stocks rallied to close higher for a second-straight session, led by automakers and technology companies, as a Senate panel voted to authorize military action in Syria and on the heels of the Federal Reserve releasing an upbeat Beige Book report. The S&P 500 settled higher after regaining its 100-day moving average shortly after the open. …
Major Indexes Edge up Cautiously On Upbeat Economic Data
[Chart courtesy of MarketWatch.com] U.S. equities bounced off afternoon lows to finish in the positive but were far off session highs in choppy action, as investors received many market moving news. Catalysts included upbeat manufacturing reports out of the U.S., China, and Europe with the increasing likelihood of a US-led military response toward Syria, as House Speaker Boehner said that …
Growth Data Supports Stocks’ Advance
[Chart courtesy of MarketWatch.com] Domestic equities managed to close higher for a second straight session, despite an afternoon stumble, thanks to a solid read on the pace of U.S. economic growth and weekly jobless claims remaining near 5-year lows, while the immediate threat of military action against Syria diminished slightly. Meanwhile, gold and crude oil retracted from their recent rally, …
Bulls Prevail Despite Military Tensions
[Chart courtesy of MarketWatch.com] U.S. equity indexes showed a little resiliency and closed higher, recouping some of the losses from two-straight sessions in negative territory, as investors shrugged off disappointing housing data and escalating tensions in Syria. Crude oil prices continued to rally amid political tensions, boosting energy stocks, and the U.S. dollar gained ground. Meanwhile, Treasuries were lower despite …
Syria Tensions Take Down Stocks
[Chart courtesy of MarketWatch.com] Major Index ETFs suffered the worst day since June slumping in a broad decline as geopolitical concerns over a possible US-led military response against Syria worsened, overshadowing data showing an unexpected improvement in Consumer Confidence, a rise in housing prices, and a jump in regional manufacturing activity. The S&P 500 closed below its 100-day moving average, …
Stocks Dive After Kerry Blasts Syria
[Chart courtesy of MarketWatch.com] After spending most of the day in positive territory, U.S. equities lost steam in the final hour of trading to end mostly lower, halting two days of gains, after U.S. Secretary of State John Kerry called Syria’s use of chemical weapons “undeniable.” Once again, a larger-than-expected decline in July’s durable goods orders report did little to …