Sliding financial stocks and a concerning round of economic data have been dragging major U.S indexes today. A slumping pending-home sales report from the National Association of Realtors showed a slide of 1.3% from March. In addition, the latest Chicago PMI index fell to 55.8 in May from an April figure of 58.3. The April […]
U.S stocks are trading higher today as investors look toward minutes from the latest FOMC meeting. Most analysts are expecting a rate hike in June, and will look to comments for clues around policy leanings and future activity. On Thursday, a long-anticipated OPEC meeting will take place in Vienna. The consensus amongst observers is that […]
Major U.S indexes saw broad gains today as investors look for corrections, following a series of shocking reports about the Trump administration’s handling of an FBI investigation into Russian ties to the Trump campaign team. Defense stocks, in particular, climbed high today following the announcement of a major arms deal struck between the U.S and […]
The Trump White House has been rocked by building controversy around the FBI investigation into former National Security Advisor Michael Flynn, and an apparent attempt by President Trump to derail that investigation. Fresh reports, citing an old memo from closed-door discussions, indicate that former FBI director James Comey was asked to halt his investigation in […]
A joint statement released by energy officials from Russia and Saudi Arabia proposes a nine-month extension for the OPEC-led global production cut accord. This proposal is three months longer than most had expected, and the announcement has strengthened per-barrel crude prices. A massive ransomware cyberattack known as the “WannaCry” virus is expected to continue causing […]
Following the shocking firing of FBI Director James Comey by the Trump administration, many investors are taking a wait-and-see attitude to the political upheaval. Although it is too early to tell if this will be viewed as a Nixonian cover-up attempt, the firing has raised more questions about Trump’s ability to achieve political consensus around […]
Market volatility has dropped following Emmanuel Macron’s victory in the French Presidential elections against far-right candidate Marine LePen. Investors had looked to Macron as the stability candidate, as is widely viewed as a centrist who would not cause disturbances to global trade. Le Pen, on the other hand, had advocated for a referendum on France’s […]
Apple Inc. (AAPL), the world’s largest corporation in terms of market value, saw its share prices sink following a disappointing earnings report. Although earnings were better than expected, most were let down by sales numbers and guidance figures. Investors are also looking toward the fact that the S&P 500 index has been somewhat underperforming against […]
A voluminous round of economic data has presented less-than-expected results, which impacted Monday trading. Inflation figures are underperforming against investor expectations, and manufacturing data was also slightly weak. Investors are looking to economic data for verification on current market valuations, and to solidify the index gains following a post-election stock market rally. A Federal Reserve […]
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