U. S. Shares closed higher again on Wall Street Friday, giving the S&P 500 its best week since July. The benchmark index added 0.7% and ended the week up 1.8%. Encouraging reports on the economy and corporate earnings helped the market keep steady following unstable weeks.J.B. Hunt Transport Services, Goldman …
Read More »Market Drivers – U. S. Session 14-10-2021
Once again, on Thursday, inflation related concerns were steering investors’ decisions on picking safe haven assets away from interest bearing investments.Speaking to a virtual gathering of the Euro50 Group on Thursday, St. Louis Fed President James Bullard described the inflation trend as “concerning.”U.S. shares surged Thursday reacting to banks’ strong …
Read More »Dow Jones climbs 533 points over earnings
U.S. shares surged Thursday reacting to banks’ strong quarterly results. Dow Jones rose 533 points, or 1.55%, while the S&P 500 index advanced 1.71% to post its best day since March and the Nasdaq Composite index tacked on 1.73% for its best session since May.Strong gains came as jobless claims …
Read More »What Earnings Tell About U. S. Economy
Citigroup and other major U.S. banks said customer spending has eclipsed pre-pandemic levels.U.S. stocks jumped Thursday, bolstered by better-than-expected earnings and economic data that helped ease investor concerns about inflationary pressures and a slowdown in growth.Wall Street is booming, or at least parts of it are. Merger mania and stock …
Read More »Dow Jones Touches The Extended Target
Oil, Crude, trading
Read More »CPI data creates problems for Wall Street
Stocks on Wall Street drifted between gains and losses on Wednesday, with the S&P 500 down 0.2% soon after the start of trading. The Nasdaq composite ticked up 0.3%. After opening higher, the Dow and S&P 500 soon lost momentum and gave back their modest gains in exchange for losses. …
Read More »Dow Jones Surrenders to the Downside
Oil, Crude, trading
Read More »Dow Jones Incurs Strong Losses
Oil, Crude, trading
Read More »U.S. material and energy stocks rose over oil prices surge
Oil prices surged on Monday to significant highs, the move is boosting U.S. materials and energy stocks, but concerns that rising prices would worsen supply chain caused Wall Street to give up early gains.U.S. crude jumped 2.5% to $81.31 per barrel, a level not seen since late 2014, and Brent …
Read More »Indexes step into confusion zone after NFP data
Investors’ prevalent sentiment tends to be overwhelmed by hesitation and confusion which have become an inseparable part of the scene because the implications of the NFP jobs data announced Friday.The stock market was wavering on Friday after the September jobs report missed estimates, though the data were better than the …
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