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 […]
Stocks are chopping lower amid light trading and few catalysts to move things one way or the other. The S&P 500 is down 5.38 points to 2175 and 2 points from session lows. Treasury bonds are flat after Consumer Confidence for August unexpectedly rose to 101.1 from 97.3 the month before. The yield on the […]
Stocks opened lower, but erased the early losses and are modestly higher into midday Thursday. The S&P 500 is up 3.16 points to 2178.60 and more than 8 points from session lows. Treasury bonds slumped in early trading as well after a report on Durable Goods for July was better-than-expected and ahead of an annual […]
Strength across Europe’s equities markets set the table for morning gains on Wall Street and stocks are broadly higher into midday Tuesday. The S&P 500 is up 7.81 points to 2190.45 and 3 points from session highs. Europe’s stocks advanced on preliminary readings from the Purchasing Manager’s Index (PMI) for August. At the same time, […]
Stocks are chopping around in a range and without much vigor into midday Thursday. After opening modestly lower, the S&P 500 is up .9 points to 2183.12 and in the middle of today’s narrow 6-point trading range. Treasury bonds are also flat despite better-than-expected readings on jobless claims, manufacturing (Philadelphia Fed) and Leading Indicators. The […]
Stock market averages are modestly lower midday Tuesday after achieving record highs the day before. The S&P 500 is down 7.45 points to 2182.63 and two points from session lows. Treasury bonds are seeing modest weakness on in-line inflation (CPI) data and after New York Fed President Dudley signaled a more hawkish view on Fox […]
Stocks opened modestly higher and are building on the gains through midday Thursday. The S&P 500 is up 10.86 points to 2186.35 and on pace to close at record levels. Treasury bonds are seeing modest weakness following an in-line reading on jobless claims and as equities tick higher. The yield on the benchmark ten-year edged […]
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