US US stocks inched lower from record highs yesterday as Energy stocks gave back some of the previous sessions strong gains. The S&P 500 closed marginally weaker as losses in Financials and Energy companies offset gains in Utilities and Consumer Staples stocks. Oil prices retreated almost 1% yesterday following Monday’s 3.5% gain, but remain within […]
US Strong gains in Energy stocks and M&A activity in the Tech sector helped US stocks inch to fresh record highs. The S&P 500 gained 0.1% yesterday, bringing the YTD total return to 17.7%. Energy stocks were buoyed by a 3.5% move higher in oil prices. That move in oil prices, which have gained 14% […]
US US stocks gained 0.3% Friday following a mixed batch of economic data releases and high-profile earnings reports. The US economy added 261,000 jobs in October, falling well short of expectations, although there was a net 90,000 revision to the previous two months’ readings which softened the headline miss. Elsewhere on the economic data front, […]
US US. stocks advanced and the dollar rose after the Federal Reserve acknowledged economic growth is solid. The S&P 500 Index edged higher by 0.2% after the Fed reinforced expectations for a December rate increase by subtly upgrading its assessment of the economy. In other news, reports yesterday stated that President Donald Trump will nominate […]
US US. stocks capped the best month since February as the S&P 500 Index finished October with a gain of more than 2%, spurred by strong economic data, rising expectations for tax cuts and robust corporate earnings. The dollar gained versus major peers to cap a second straight monthly advance. In other news, the Fed will hold […]