Stocks have extended their opening slide. Downside action has been more pronounced in the Nasdaq, which is contending with a loss that is now double that of the Dow due largely to weakness among large-cap Tech stocks like Google (GOOG...
Pending home sales numbers for April were just posted. In contrast with the Briefing.com consensus call for a 0.6% increase, they were down 5.5% month over month. A mix of disappointing pending home sales numbers and broad market weakness has...
Stocks have slipped slightly from their morning perch following the latest Consumer Confidence Index. The Consumer Confidence Index for May fell to 64.9 from a downwardly revised 68.7 in the prior reading. It had been widely believed that the Index...
Action among the major equity averages remains mixed, even in the wake of a surprisingly strong reading on consumer sentiment. The final May reading on consumer sentiment from the University of Michigan improved to 79.3 — its highest level in...
Stocks are trying to recover from a recent slip that took all three major averages into negative territory. Defensive-oriented issues are currently out in front of the broad market — Utilities are up 0.6%, Consumer Staples and Telecom are up...
Stocks began to rebound, but the move has stalled with the release of the latest new home sales numbers. New home sales in April hit an annualized rate of 343,000, which is up from the prior month rate of 332,000,...
The stock market is at a new session high. Financials continue to lead the effort. The sector now sports a 2.2% gain. That’s more than double the 0.9% gain achieved by Industrials, which make up the next best performing sectors....
Choppy action and a recent flurry of selling have both the Dow and S&P 500 trading with modest gains. The Nasdaq actually fell into negative territory, but it is now back in positive territory with a narrow gain. Although the...
Energy stocks and Materials stocks are paring their gains after pushing higher in the opening minutes of trade; the two sectors now trade with gains of 0.4% and 0.3%, respectively. Their reversal coincides with accelerated selling in oil, which now...
Stocks have rolled over to trade with sizable losses. The drop is due to disappointment over the latest dose of data. The Philadelphia Fed Index fell in May to -5.8 from 8.5 in the prior month. It had been widely...
