US A strong session for Technology and Healthcare companies helped push the S&P 500 to a record closing high. The index gained 0.7%, briefly rising above the 2,600 level for the first time. Positive economic data and strong company results provided further support for equities. Existing home sales rose 2% last month, easily beating expectations, […]
US The S&P 500 began the week on a positive note as gains in Tech stocks offset a soft session for Energy companies. Oil prices fell 0.8%, reversing some of Friday’s strong 2.2% gain, as investors awaited an OPEC meeting scheduled for next week. Overnight, the Fed’s Janet Yellen confirmed she will be stepping down […]
US A sell-off in commodity-sensitive names weighed on markets for a second consecutive session yesterday. The S&P 500 ended 0.6% lower, with Energy and Material companies among the worst performers. A report from the International Energy Agency (IEA) projecting lower oil demand for this year and 2018, in combination with higher than expected inventory data […]
US The S&P 500 Index fell for the third time in four days. Energy and materials producers led losses as Bloomberg’s commodity index declined the most in six months. Crude slid the most in more a month after a tepid demand forecast. In currency news, the dollar lost the most since September as the American […]
US US. stocks declined on Friday, with the S&P 500 falling 0.1%, as health-care shares were dragged lower. Energy stocks also struggled as crude slipped below $57 a barrel amid rising tensions in the Persian Gulf. The yield on 10-year Treasuries punched through 2.4%, joining a spike in European sovereign rates with inflation worries ratcheting up. […]
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 […]