The major stock indices (^DJI, ^IXIC, ^GSPC) all trading lower today. Keith Bliss of Cuttone and Company says an oversold U.S dollar is to blame for today’s moves. He notes that “inconsistent performance of the U.S. economy based upon the recent data,” isn’t helping matters either. Here are some other stories Yahoo Finance is keeping Read More
Author: Nasdaq Futures
Flickr / Michael Napoleon Stocks slid into the close, reversing earlier gains in trading as the Nasdaq fell back below the 5,000 level and the S&P 500 fell below 2,100. First, the scoreboard: Dow: 18,021.9, -04, (-0.5%) S&P 500: 2,092.4, -12, (-0.6%) Nasdaq: 4,995.9, -15, (-0.3%) And now, the top stories: In Read More
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks fell for a second straight session on Tuesday, with equities maintaining a tight range that corresponded with currency fluctuations as traders focused on the dollar’s strength and its possible effect on corporate earnings. Data from home sales to inflation and manufacturing indicated the U.S. economy remains Read More
The Dow Jones Industrial Average (^DJI) and S&P 500 (^GSPC) are trading flat into the middle of the session while the Nasdaq (^IXIC) is marginally higher. Crude prices (CLK15.NYM) are experienceing an uncharacteristically calm day, flat through lunchtime but still solidly under that $ 50 a barrel mark. Get the Latest Market Data and News Read More
By Michael Connor NEW YORK (Reuters) – European stocks held near record highs on Tuesday on signs the euro zone economy was gaining momentum, while the dollar recovered from recent losses and oil fell. On Wall Street, the Dow Jones industrial average <.DJI> fell 15.21 points, or 0.08 percent, to 18,100.83, the S&P 500 <.SPX> Read More
Flickr/freeloosedirt US stocks fell towards the close after trading little changed for most of Monday, with the Nasdaq finishing lower but still above the 5,000 level and ever so near an all-time high. First, the scoreboard: Dow: 18,117.2, -10.4, (-0.06%) S&P 500: 2,104.4, -3.7, (-0.2%) Nasdaq: 5,010.9, -15.4, (-0.3%) And now, the Read More
Biotech stocks are on fire. That’s given some analysts flashbacks of 2000, when tech valuations were red hot, but it didn’t end well because they crashed. Michael Batnick over at The Irrelevant Investor posted this chart Monday that compares the rally in tech stocks then to biotechs in recent years. He describes the Read More
The S&P 500 (^GSPC) and Dow Jones Industrial Average (^IXIC) are both extending the gains they made at the end of last week. The Street seems to have liked what it saw from the National Association of Realtors’ existing home sales report. The annual rate popped 1.2% to 4.88 million units in February compared to Read More
With the Nasdaq composite index (NASDAQ: .IXIC) trading near its highest level of all time, traders appear to be betting on stability in the world of technology. Yet one top tech analyst says conditions may not be as safe as they appear on the surface. UBS senior analyst Brent Thill said in an interview on Read More
By Noel Randewich (Reuters) – Investors enjoying near-record levels for major stock indexes will scrutinize housing data and other economic indicators in the coming week for hints about the timing of U.S. interest rate hikes to see if the rally will continue. Concern about the Federal Reserve’s path of rate increases and the soaring U.S. Read More