The major equity averages are down modestly this morning. Energy plays are a primary source of weakness with oil prices down nearly 3% to $97.20 per barrel. As a group, energy stocks are down 0.9%. Financials are showing some strength today....
Stocks have surrendered a substantial chunk of their gains in recent trade. The market’s reversal comes after the S&P 500 failed to overcome resistance near the 1250 line and the euro has retreated to a 0.9% loss against the greenback...
Stocks momentarily stabilized after a firmly lower open, but sellers have redoubled their efforts to take the broad market another leg lower. The concerted selling effort has made for widespread weakness and driven up the Volatility Index by about 3%. Although...
Stocks began to push higher in the minutes that preceded the release of the preliminary Consumer Sentiment Survey for December from the University of Michigan. The Survey improved to 67.7 from 64.1 in the prior month, exceeding the 65.1 that...
Stocks are down in the opening minutes of trade. Pressure is broad based, but financials are suffering the most. As a group, financials have already fallen to a 1.7% loss. The steep slide comes after the sector scored an outsized...
Stocks have stabilized since sliding at the open. Still, losses are broad with every single sector in negative territory. Both the tech sector and financial sector are down 0.9%, making them the worst performing groups of the early going. Application software...
Stocks have managed to reverse an opening slip so that they have moved back into positive territory, although gains are only limited. Financials, which dropped to a loss in excess of 1% in the opening minutes, have managed to cut losses...
The S&P 500 recently came in contact with its 200-day moving average near 1265, but has been unable to push past the key technical line. Financials remain a primary backer of today’s bounce. Currently, they collectively sport a 2.6% gain, which...
The major averages have eased off their best levels, but both the S&P 500 and Nasdaq still hold gains of 1.1%. The Dow is lagging the move with a gain of 0.9% Shares of Western Digital (WDC 32.45, +3.20) are sharply...
The Nasdaq has managed to make a nice move into positive territory after opening trade with a modest loss. Its upward push comes amid strength in large-cap names like Amazon.com (AMZN 195.80, +3.51) and Google (GOOG 609.50, +10.11). Market participants are...
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