Stocks resume downturn as war worries persist

U.S. stocks managed to pare most of their losses on Monday but still finished broadly in the red to start the week. Continue reading

Posted in Energy, Europe

Weekly Market Recap – 07/18/14

Stocks, as today’s Wall Street Journal puts it, have tended not to dwell on bad news, which 2014 has provided in ample measure. At the same time, bonds have provided a safe haven for those who are unnerved by global turmoil and economic disappointment. Follow the link below to our review of last week’s markets.

Last Week In Markets 07.18.14

Posted in Weekly Stock and Bond Market Recaps

Stocks rebound Friday to end the week higher

U.S. stocks rebounded strongly Friday from Thursday’s big losses to end the week in positive territory. Continue reading

Posted in Consumer Confidence, Leading Indicators, Weekly Stock and Bond Market Recaps

War worries push stocks down; bonds, oil and metals up

Stocks dropped sharply and broadly on Thursday while bonds, metals and oil prices soared, sparked by escalating violence between Russia and Ukraine, including the downing of a Malaysian passenger plane in Ukraine, as well as renewed fighting between Israel and Hamas. Continue reading

Posted in Bonds, Europe, Housing, Jobs

Big-cap stocks rally on economic news, Yellen testimony

Although they gave up some of their early price gains as Fed Chairman Janet Yellen testified to the House Financial Services Committee on Wednesday, stocks rallied in the afternoon and closed with decent gains. The Dow was up 0.5% today to a new high, and the S&P 500 was close behind with a 0.4% rise to within 0.2% of its July 3 record high. Time Warner shares rose 17% after 21st Century Fox confirmed that it made a buyout offer in June; FOX shares fell almost 5% for the day. Time Warner said it had rejected Fox’s $80 billion offer.
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Posted in Federal Reserve, Industrial Production, Stocks

Stocks mostly lower as Yellen begins testimony

U.S. stocks finished mostly lower on Tuesday as Federal Reserve Chair Janet Yellen told Congress that the economy remains soft but that the Fed would remain accommodative. Continue reading

Posted in Economy, Energy, Europe, Federal Reserve

Stocks bounce higher to start the week

Stock prices flirted with new highs Monday, with the Dow rising 0.7% and ending just 13 points or 0.1% shy of its July 3 high. The S&P 500 gained 0.5% and landed 0.4% below its all-time high. NASDAQ’s gain Monday was 0.6%, midway between today’s increases in the two big-cap benchmarks. Small- and mid-cap stocks rose slightly less than bigger capitalization stocks on the day.
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Posted in Europe

Weekly Market Recap – 07/11/14

Stocks were tested last week by the financial distress of Portugal’s leading bank, BES, which hinted that Europe’s financial woes have not really been fully addressed, despite the efforts of the European Central Bank. Profit taking was particularly intense in small-cap stocks, internet issues and other erstwhile high-flying stocks and sectors. Follow the link below to our analysis and performance tables.

Last Week In Markets 07.11.14

Posted in Weekly Stock and Bond Market Recaps

Global jitters knock stocks from highs

Stock prices ambled higher on Friday, not very persuasively and certainly not enough to rescue what was the worst week for small-cap stocks in over two years. Bigger capitalization stocks generally held up better to this past week’s selling pressures. The Dow gained 29 points or 0.2% Friday, trimming its decline for the week to roughly 125 points or 0.7%. The S&P 500 gained 0.1% Friday and ended the week down 0.9% from the prior week’s record close. NASDAQ fared a little better on Friday (+0.4%) but not for the week (-1.6%). Fears of renewed weakness in Europe’s financial system, sparked by financial irregularities at the parent of Banco Espirito Santo, Portugal’s largest bank, may have interrupted the bull market, but the Dow and S&P finished the week within 1% of all-time highs.
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Posted in Bonds, Commodities, Europe, Stocks

Portugal bank worries send stocks down in U.S. and Europe

Problems at a major Portuguese bank sparked a selloff in U.S. and European stocks early Thursday but share prices managed to close well above their lows of the day. Continue reading

Posted in Bonds, Europe, Jobs