Stocks are starting to slip after staging a strong opening climb, but the major equity averages have maintained modest gains. The action comes as the Nasdaq flirts with 3,000 and the semiannual FOMC report to the House Financial Services...
Stocks staged a strong move higher on the back of a surprisingly strong Consumer Confidence Index, but those gains were challenged by sellers, who took the broad market back to the flat line before buyers redoubled their efforts to take...
Stocks are on the mend, but the major equity averages remain in the red. The move up from morning lows has been broad, but without any clear leader. Pending home sales for January increased by 2.0%, which is double the...
The S&P 500 recently tested its multi-month intraday high near 1368, but it was unable to clear that line. Some selling has ensued, leaving the S&P 500 and the Nasdaq to trade with only modest gains while the Dow...
The major market averages have extended their recent upturn to trade with varied gains at session highs. Tech and Financials — arguably the two most influential sectors — are showing leadership. Both sectors are up 0.4%, which is better than...
Stocks have started to slip. The action comes in the wake of a disappointing dose of data. Existing home sales hit an annualized rate of 4.57 million units in January, but that’s less than the rate of 4.63 million units...
Stocks have slipped since starting the session with modest gains, but the broad market has managed to find support near the neutral line. Consumer staples stocks and health care stocks have led the downside action. The two sectors are down...
Stocks have been chopping their way lower in recent trade. The action has taken both the Dow and the S&P 500 to morning lows near or narrowly above the neutral line. However, the Nasdaq is now down with a marked...
Stocks continue to cling to narrow gains in the wake of the latest Philadelphia Fed Survey, which increased to 10.2 for February from 7.3 in the prior month. The February reading proved slightly stronger than expected since the consensus among...
The Housing Market Index for February improved to 29 from 25 in the prior month, exceeding the Briefing.com consensus call for an improvement to only 26. Shares of homebuilders have benefited from the news, resulting in a quick spike to...
