A strong Chicago PMI reading is helping stocks add to their already impressive gains. The Chicago PMI improved to 62.6 in November from 58.4 in the prior month. It had been generally expected to slip to 57.5. The buying effort has...
Early attempts to push up from the flat line failed to gain momentum, leaving the major market averages to move along with only modest gains, but stocks recently got some help from a surprisingly strong consumer confidence reading. The Consumer Confidence...
The broad market is up sharply in the opening minutes of trade as stocks surge in a relief rally that has followed seven straight losses. During the course of those seven sessions stocks slid almost 8%. The combination of broad market...
The revised November reading on Consumer Sentiment from the University of Michigan was released a few minutes ago. Hardly changed, it came in at 64.1 after a reading of 64.2 in the preliminary post earlier this month. Stocks didn’t really react...
Stocks were recently squeezed higher, but the move has neither generated the momentum nor attracted enough new money to continue its climb. Without the backing of buyers, stocks are now drifting lower. Materials plays are holding steady in positive territory, though....
Stocks are down sharply in the opening minutes of trade. The slide has the S&P 500 at a new one-month low and beneath its 50-day simple moving average for the first time since October 7. Weakness is widespread with all 10...
Despite a positive posture in premarket action, stocks have come under pressure in the opening minutes of trade. That has left the major equity averages to move in mixed fashion. Energy stocks are showing early leadership, however. The sector is already...
The broad market recently worked its way up to the neutral line, but it has failed to poke into positive territory. Tech stocks continue to hamper action. The sector is currently down 0.8%, making it the poorest performing group. What’s...
Stocks are trying to trim losses, but weakness remains widespread as all 10 sectors trade in negative territory. Even most energy stocks, which are collectively down 0.3%, have been unable to shake off broad market pressure, despite a rally in oil...
The major averages are now narrowly positive after making an upward push at the open. Leadership remains limited. Stocks haven’t really reacted to the latest business inventory data, which were just released. Business inventories for September were unchanged, but the consensus...
