Thursday a mixed day for the markets

The major U.S. stock averages closed mostly higher Thursday although most of the action was decidedly mixed. Continue reading

Posted in Apple Inc., Europe, Jobs

Facebook, Apple beat Street estimates, boosting share prices in after-hours trading

U.S. stock prices were slightly lower today, with NASDAQ absorbing the brunt of the selling. The Dow lost just 13 points or 0.1% on the day, while the S&P 500 dropped 0.2%, and NASDAQ fell 0.8%, with biotech shares down nearly twice that much. The three most widely followed market indexes remain in their tight 2014 ranges, with the Dow and NASDAQ each slightly lower and the S&P 500 up 1.5% for the year to date. Five of the S&P 500′s ten market sectors traded lower on the day, while five advanced. In the broader S&P 1500, there were three decliners for every two stocks that advanced; among small-cap issues, declining stocks outnumbered rising stocks by a three-to-one margin.
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Posted in Apple Inc., Facebook, Housing

Big pharma deals push stocks higher for sixth day

U.S. stocks moved higher for a sixth straight day Tuesday, propelled by several big transactions in the pharmaceutical industry. Continue reading

Posted in Europe, Housing, Stocks

Drug stocks lead market higher for fifth straight day

The U.S. stock market rally continued into the new week, with equity prices mostly higher for a fifth day on Monday. Continue reading

Posted in Leading Indicators, Stocks

Weekly Market Recap – 04/18/14

Easter week was a good one for global stock markets, which in many cases recovered most of the prior week’s losses. In the U.S., March economic data were for the most part easily better than expected, and bond yields rose over the week. In contrast, European bond yields resumed their move to lower levels, while the euro and dollar moved in lockstep for much of the week. Follow the link below to our recap of last week’s market action.

Last Week In Markets 04.18.14

Posted in Weekly Stock and Bond Market Recaps

U.S. stocks mostly erase prior week’s losses

U.S. stocks rebounded in this week’s shortened trading schedule, nearly erasing the previous week’s losses, bolstered by some solid economic reports, dovish comments from Federal Reserve chair Janet Yellen on interest rates, and a possible easing of tensions between Ukraine and Russia late in the week. Continue reading

Posted in Bonds, Stocks, Weekly Stock and Bond Market Recaps

Stocks up, bonds down on good economic, Ukraine news

Following a weak opening, U.S. stocks closed mostly higher on Thursday, the last trading day of the week before the markets close for Good Friday.

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Posted in Bonds, Europe, Jobs