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...
Stocks started the session in the red, but are making a quick reversal back to the flat line. Defensive-oriented issues continue to encounter selling pressure, though. In turn, the telecom, utilities, and consumer staples sectors are all down by 0.6%. Energy...
Energy stocks continue to climb in morning trade. The sector is now up 2.3%. Its rally has been helped along by a sharp bounce in oil prices to $99.70 per barrel, which makes for a 2.0% gain. New home sales for...
Declining issues currently outnumber advancers by about 8-to-1 on the NYSE. Gold stocks like Newmont Mining (NEM 55.12, +1.04) and its peer Barrick Gold (ABX 45.82, +0.22) are among the few that have attracted support. Gold stocks have been helped by...
The major market averages have slipped in the opening minutes of trade. The downturn has been broad based; in fact, there isn’t a single sector sporting a meaningful gain. Energy stocks have been hit especially hard. The sector is already down...
The major equity averages have surrendered all gains. They are now in the red with modest losses. Energy stocks, which provided leadership in the prior session, are weighing most heavily on trade today. The sector’s 0.6% loss comes amid weakness in...
Early trade remains choppy as the broader market displays an unwillingness to follow the lead of energy stocks, which continue to sport a 1% gain, as a group. Utilities are at the other end of the spectrum. The defensive-oriented sector is...
Early trade is still choppy. That’s mostly owed to a lack of leadership this morning. Materials stocks had made a nice upward push in the opening minutes of trade, but the sector has since pulled back so that it is now...
A failed attempt to move higher has left stocks mired in negative territory with narrow losses. Financials have been a drag on broad market action for two straight sessions. The sector was one of the few to log a loss yesterday,...
Stocks remain in the red following a failed attempt to move higher. The ill-fated climb actually saw the Nasdaq come within close reach of the flat line. Financials have been a heavy drag on trade today. The sector’s 1.1% loss takes...
