After opening with a modest gain, stocks extended their early advance with help from a surprisingly strong Chicago PMI reading. However, stocks have started to lose momentum and, as a result, are easing back a bit. Still, overall gains remain...
Oil prices have extended their rally to $94.65 per barrel, which makes for a 1.9% gain and a fresh session high. That has helped stir interest in shares of oil drillers and services plays like Schlumberger (SLB 85.83, +1.48) and...
Strong, broad-based buying has the stock market within reach of another 1% gain. Although it is early in the session, such a move would help fuel one of the stock market’s best back-to-back performances in more than a month. Strength was...
Stocks have extended their retreat during the course of the past hour. The slide has left the major market averages to trade at session lows with sizable losses. Weakness is widespread today. Of the 10 major sectors, only utilities are in...
All three major equity averages are down in excess of 1% this morning. The retreat has been broad based, but natural resource plays like energy stocks (-2.7%) and materials stocks (-2.3%) have been hit especially hard after they had outperformed...
A recent pickup in buying interest has lifted the major stock averages to session highs. However, overall gains remain very modest in scope. Financials remain a primary source of support. The sector is sporting a gain of 0.6%, which has been...
Stocks have added to early gains. In turn, the major equity averages are all up solidly. The Nasdaq has made the most impressive push higher; it is now up 1% as tech stocks attract support after a sluggish start. A...
The major equity averages are up with varied gains after a relatively choppy first hour of action. Materials stocks had displayed early leadership, but the sector was recently backed down to the flat line. It has since rebounded to a 0.5%...
Choppy action has eaten into the broad market’s gain. Still, stocks are up a few points for the week. That’s something that hasn’t happened since April. The Nasdaq is having a harder time holding on to its gain, however. Sellers have...
Stocks were hit with selling pressure in the minutes that followed the latest Philadelphia Fed Survey, but they have since battled back. The rebound effort has taken stocks to new session highs for solid gains. Financials continue to offer leadership to...
