Stocks have slipped a bit in recent trade. Although the Dow is still in positive territory with a narrow gain, both the Nasdaq and S&P 500 are at session lows with modest losses. The Chicago PMI for April was just posted....
Energy stocks are under stiff pressure this morning. Their collective slide of 0.9% comes amid a negative response to the latest report from Exxon Mobil (XOM 87.05, -0.73), which actually featured a better-than-expected bottom line. Fellow integrated play ConocoPhillips (COP...
The major equity averages are near the neutral line in the first few minutes of trade. Energy stocks have been a drag; they are down 0.5% following an earnings miss from heavyweight ConocoPhillips (COP 79.12, -2.09). However, better-than-expected quarterly results...
Better-than-expected earnings and upside guidance have given shares of Illinois Tool Works (ITW 56.97, +2.54) a strong boost in morning trade. The stock’s strength has also provided leadership to the overall industrials sector, which is up 1.1% while the rest...
The broad market continues to muddle along in mixed fashion, although the tech sector is slowly emerging as a source of leadership. Tech stocks started the session at the flat line, but the sector is now up to a 0.3%...
Stocks have slipped in response to the latest dose of data. That has left the Dow at the flat line, but the S&P 500 and Nasdaq are still holding on to narrow gains. The latest Philadelphia Fed Index dove sharply in...
The major equity averages up sharply this morning. Although the bid has been broad, financials are lagging. The financial sector’s 0.3% gain is only a fraction of what the overall market has already achieved. The financial sector’s relative weakness stems largely...
A sudden flurry of selling pressure has dashed stocks’ early advance. The major equity averages are now narrowly above the neutral line. Tech stocks, which collectively make up the largest sector, have been taken down to a 0.2% loss. Texas Instruments...
The S&P 500 pushed through the 1300 line after only a brief pause above it. It attempted to stage a bit of a bounce, but failed to sustain the move so that stocks are now sitting at back at session...
