US US stocks closed lower Thursday, retreating from record highs on the back of growing concerns that tax reforms could be delayed until 2019. A proposed plan by Senate Republicans would delay the implementation of tax cuts to 2019. This contrasts with a bill currently working its way through the House that aims to put […]
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 […]
US US. stocks edged higher amid robust earnings from Twitter to United Parcel Service, speculation about the Federal Reserve’s next leader and congressional action on taxes. In currency news, the dollar climbed to a three-month high after the U.S. House passed a budget resolution on tax reforms and as speculation mounted a hawkish candidate may lead the […]
US US. stocks posted a sixth straight weekly gain, rising 0.9% for the week, on speculation Donald Trump was closer to pulling off one of his biggest legislative priorities after the Senate approved a budget vehicle for tax cuts. The dollar index reached a three-month high and 10-year Treasury yields approached 2.4% amid speculation Trump was moving closer […]
US The S&P 500 pared initial losses and bucked the trend of weak equity markets by closing in positive territory yesterday. Technology stocks were among the primary underperformers for the session, dragged lower by Apple (-2.4%) as investors fretted about signs of poor demand for the company’s latest iPhone model. Further signs of mild risk-aversion […]
US The S&P 500 edged another 0.1% higher, Energy stocks fell and oil prices pared gains following disappointing inventory data and the US dollar traded marginally lower against a basket of peers. Energy stocks were among the worst performers yesterday as oil prices fell from intra-day highs after the EIA reported a fourth successive weekly […]