U.S. stocks fail to rally again as Spain fears mount

Posted on May 25, 2012 by

Unlike Wednesday and Thursday, U.S. stocks failed to mount a late-day rally on Friday and closed slightly lower on the day but up for the week. Continue reading →

Posted in Stocks, Europe, Consumer Confidence

U.S. stocks rally late for second straight day

Posted on May 25, 2012 by

U.S. stocks staged another late rally on Thursday after the Italian prime minister offered encouraging words about Greece remaining in the euro zone and the possibility of jointly-issued euro bonds. Continue reading →

Posted in China, Europe, Stocks

U.S. stocks rally back as Europe plummets

Posted on May 23, 2012 by

U.S. equities, which had been down as much as 1.5% during the session, managed to rally back Wednesday afternoon to close narrowly mixed. Continue reading →

Posted in Bonds, Europe, Housing, Stocks

Stocks give back early gains while Facebook continues face-plant

Posted on May 22, 2012 by

The Dow Jones Industrial Average, up 70 points or 0.6% around 11:00 ET, ended Tuesday little changed on the day after a 100-point drop in the final hour of trading and then a late push back essentially to a flat-line close. Continue reading →

Posted in Global, Housing

Stocks rebound despite Facebook’s 11% day-two decline

Posted on May 21, 2012 by

U.S. and European stock markets rebounded Monday following last week’s downturn.  Continue reading →

Posted in Apple Computer, Europe, Stocks

Facebook frenzy ends with a whimper

Posted on May 18, 2012 by

Facebook’s opening day of trading provided a much-needed diversion for a weary market, but in the end it couldn’t pull stocks into positive territory to end a long week. Continue reading →

Posted in Bonds, Europe, Stocks

Facebook euphoria fails to lift stocks

Posted on May 17, 2012 by

Disappointing economic reports and growing tension in Europe sent stock prices down sharply on Thursday, even as Facebook prepared to come to market with its initial public offering. Continue reading →

Posted in Apple Computer, Bonds, Europe, Leading Indicators