The major equity averages are off to a strong start amid broad based support, which is to say that all 10 major sectors are in positive territory. Materials plays are attracting the most support this morning. As a group, materials stocks...
After suffering four straight losses, stocks are up sharply this morning. The bid has been broad based, and comes on the back of a much better-than-expected monthly jobs report. Energy stocks are in some of the strongest shape. The sector’s 1.5%...
The gap down at the open has the stock market positioned for its fourth straight loss after advancing in seven of the eight previous trading days. Energy stocks have been a heavy burden all week. The sector is down almost 7%...
Stocks are sliding to their lowest levels of the morning. Overall losses still aren’t that large, though. The ISM Non-Manufacturing Index for April was just posted. It came in at 52.8, which is down from 57.3 in the prior month and...
Stocks were sliding in the first few minutes of trade, but they have started to rebound so that overall trade is now mixed. Factory orders figures for March were just posted. They increased by 3.0%, which is greater than the 1.8%...
The major equity averages have eased back a bit in recent trade, but overall they are still up with modest gains this morning. Health care stocks and consumer discretionary stocks are this morning’s top performers. Both of the two sectors are...
Stocks have slipped a bit in recent trade. Although the Dow is still in positive territory with a narrow gain, both the Nasdaq and S&P 500 are at session lows with modest losses. The Chicago PMI for April was just posted....
Energy stocks are under stiff pressure this morning. Their collective slide of 0.9% comes amid a negative response to the latest report from Exxon Mobil (XOM 87.05, -0.73), which actually featured a better-than-expected bottom line. Fellow integrated play ConocoPhillips (COP...
The major equity averages are near the neutral line in the first few minutes of trade. Energy stocks have been a drag; they are down 0.5% following an earnings miss from heavyweight ConocoPhillips (COP 79.12, -2.09). However, better-than-expected quarterly results...
Better-than-expected earnings and upside guidance have given shares of Illinois Tool Works (ITW 56.97, +2.54) a strong boost in morning trade. The stock’s strength has also provided leadership to the overall industrials sector, which is up 1.1% while the rest...
