Stocks opened modestly lower and remain in the red midday Thursday. The S&P 500 is down 6.76 points to 2164.61 and one point from session lows. Treasury bonds are also under water after a third estimate for second quarter GDP printed at 1.4% and above prior estimates of 1.1%. Jobless Claims were also better than […]
Stocks opened modestly lower, but quickly erased morning losses and are bit higher into midday Tuesday. The S&P 500 is up 5.25 points to 2151.35 and 10 points from session lows. Treasury bonds are seeing modest gains despite a surprisingly strong reading on Consumer Confidence, which printed at 104.1 for September and well above consensus […]
Stocks are broadly higher as a relief rally continues for a second day after the Federal Reserve announced no changes to interest rates Wednesday. The S&P 500 added 23.36 points to 2163.12 in the wake of the announcement yesterday and is up another 11.23 points to 2174.35 points midday Thursday. Treasury bonds are enjoying another […]
Stocks opened modestly higher amid wait-and-see action midday Tuesday ahead of Federal Reserve policy announcement Wednesday afternoon. The S&P 500 is up 6.67 points to 2145.79 and 5 points from session highs. Treasury bonds are higher after the only economic stat of the day showed Housing Starts at a seasonally-adjusted rate of 1.142 million and […]
Stocks are rallying to recover some recent losses Thursday and the S&P 500 has gained 16.75 points to 2142.52 after a one-week 60-point tumble. Treasury bonds are under pressure, however, even as investors digested a hefty dose of sluggish economic news. The data included reports showing a .3% drop in Retail Sales, a .4% decline […]
Stocks are sharply lower into midday Tuesday. The S&P 500 is off 34.45 points to 2124.59 and has completely erased Monday’s 31.23-point advance. Falling oil prices served as an early catalyst for weakness in energy-related names and crude is now down $1.37 to $44.92 per barrel. Gold is seeing a modest $3 advance to $1328.50. […]
Stocks opened steady, but are drifting lower on disappointing economic data through midday on the first day of September. The S&P 500 Index is down 11.75 points to 2159.20 and near session lows. Early data showed Jobless Claims falling to 263,000 last week and second quarter productivity at rate of .6%. Both numbers were in-line […]
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