Stocks are holding strong to their gains. The action has the S&P 500 drifting along the 1350 line. The June Chicago PMI reading of 52.9 came as little surprise since economists had generally expected a reading of 53.0 to follow...
Stocks took a dive lower in response to news that the Supreme Court has voted to uphold the constitutionality of President Obama’s Health Care Law. The news has weighed heavily on the Health Care sector, which is now at a...
Stocks have pushed up to new morning highs with help from a pleasing report on pending home sales. The news has been especially beneficial for shares of homebuilders, such that the SPDR S&P Homebuilders ETF (XHB 20.47, +0.50) is up...
The Conference Board’s Consumer Confidence Index fell in June to 62.0 from 64.4 in the prior month. A poll conducted by Briefing.com pointed to a consensus forecast of 64.0 for the latest Survey. Stocks initially experienced a slight slip in...
The major market averages hold near session lows, unable to sustain any attempt at a rally. The Nasdaq paces today’s decline with a loss of 1.7% while the Dow outperforms with a 1.3% loss. Health care stocks are...
Stocks are up with varied gains in the early going. Financials are offering leadership as they run ahead to a collective gain of about 0.7%, which makes them the best performing sector this morning. Consumer Discretionary plays and Industrial issues...
Losses among the major equity averages are varied as participants take on a relatively pessimistic posture following a few doses of disappointing data. That has lifted the Volatility Index (VIX) by almost 2% to 17.5. Despite that move, it remains...
The major equity averages are down narrowly this morning. The lackluster action comes as many market participants opt to play things cautiously ahead of the FOMC policy statement due later today. Despite the interest in staying safe, defensive-oriented Consumer Staples...
Following a brief pause, stocks have resumed their upward climb. Although its lead isn’t quite as strong as what it was yesterday, the Nasdaq is out in front of its counterparts for the second straight session. Large-cap Tech continues to...
Both the Dow and S&P 500 recently poked into positive territory, but neither has been able to extend the move. Instead, the two are back to trading in choppy fashion with mixed results. As for the Nasdaq, it has managed...
