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...
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...
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...
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....
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...
A sudden flurry of selling pressure has dashed stocks’ early advance. The major equity averages are now narrowly above the neutral line. Tech stocks, which collectively make up the largest sector, have been taken down to a 0.2% loss. Texas Instruments...
After weeks of strong signals that it was ready for a surge upwards, Gold finally broke through not only several levels of resistance, but the all-important psychological barrier of $1000 and has soared to a new all-time high of $1,042...
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