Author Archives: wrightnetblogger

About wrightnetblogger

Senior Vice President – Investment Research/Economist

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 … Continue reading

Posted in Apple Inc., Facebook, Housing

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 … Continue reading

Posted in Weekly Stock and Bond Market Recaps

Weekly Market Recap – 04/11/14

Recurring profit taking in some of the stock market’s big winners from 2013 and earlier this year took most U.S. market indexes down 2%-3% last week. For NASDAQ, which dipped below 4000 Friday for the first time in two months, … Continue reading

Posted in Uncategorized

Stockbleed takes Dow down 143 points Friday, 386 for the week

Stocks sold off for a third time this week on Friday, with the Dow Jones Industrials closing at 16027, down 0.9% Friday and 2.4% for the week. At Friday’s close, the Dow is now down 3.3% from its high. The … Continue reading

Posted in Bonds, Consumer Confidence, Inflation, Stocks

Stock prices higher Wednesday as Fed tweaks its interest rate guidance

Stocks rose broadly Wednesday, as the Fed found another avenue to tweak stock prices. The Dow Industrials were up about 75 points or 0.5% at 2:00, when the minutes to the March 18-19 FOMC meeting were released today. What was … Continue reading

Posted in Bonds, Federal Reserve, Stocks

Stocks down sharply for a second straight day

Last Friday’s sell-off in stocks continued Monday, with the Dow dropping 167 points or 1.0%, the S&P 500 off 1.1%, and NASDAQ down 1.2%. The Dow Industrials, which were only fractions away from a confirmation of a high in the … Continue reading

Posted in Stocks

Weekly Market Recap – 04/04/14

For the most part, Friday’s employment report for March was in line with market expectations. Yet, instead of a ho-hum market reaction, or a rally, stocks prices succumbed to profit taking. Something in the report also sparked a decline in … Continue reading

Posted in Uncategorized

Despite good jobs report, stocks fall to profit taking

Stock prices fell broadly and somewhat perversely Friday, undoing the nice gains of Monday-Wednesday and sending NASDAQ to a 2.6% decline for the day, matching its worst single-day drop in 22 months. The Dow Jones Industrials and S&P 500, despite … Continue reading

Posted in Bonds, Jobs, Stocks

Stocks rise, Dow on the brink of new high

Stock prices continued to press higher Wednesday, while bonds retreated for a fourth straight day. The Dow, S&P 500 and NASDAQ rose between 0.2% and 0.3% today, less convincing perhaps than the 0.7%-0.9% gains averaged on Monday and Tuesday, but … Continue reading

Posted in Global

Stocks end first quarter with a rally, as investors prefer Yellen 2.0

Stocks finished the first quarter of 2014 with a flourish on Monday, propelling the S&P 500 to within 0.5% of its all-time highs and boosting the NASDAQ Composite into positive territory for the quarter. The S&P 500 and the Dow … Continue reading

Posted in Bonds, Federal Reserve, Jobs, Stocks