In relatively uninspiring market action, the major indexes churned to flat closes today, with the Dow narrowly continuing its strong winning streak, but the S&P 500 and the Nasdaq 100 snapping their recent winning runs.
Financials today benefited from the news from Europe that the Basel Committee on Banking Supervision will be less stringent in regards
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www.92y.org Joseph E. Stiglitz and John Paulson with Matthew Bishop, moderator. Join this panel of experts as they discuss how they navigated the recent financial and economic crisis, what they may have anticipated that others did not, and their insights into the current situation. Is there an upside in this downturn for the individual investor?
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Typical bearish action was seen today to end a poor second quarter: an early, feeble attempt to rally gave way to a strong last-hour rollover which pushed the S&P 500 and the Dow to log their seventh loss in eight sessions (the Nasdaq 100 did even worse, closing red for an eighth consecutive session). After
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After an advance of more than 5% since Monday, bulls appeared to be getting a little tired today. A relative dearth of positive catalysts may have contributed to the late-morning reversal that gave ammunition to the bears today.
On the economic news front, investors faced a tepid weekly jobless claims report that showed 444,000 initial claims
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Judging by the market’s reaction today (i.e., the largest tumble since February), not all is well with the bailout of Greece (and in several other European countries, by extension), or is it merely some greatly overdue profit taking in a market that has done nothing but climb for months and months?
One floor trader suggested that
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Judging by the market’s reaction today (i.e., the largest tumble since February), not all is well with the bailout of Greece (and in several other European countries, by extension), or is it merely some greatly overdue profit taking in a market that has done nothing but climb for months and months?
One floor trader suggested that
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It was a relatively dull session that ended a strong winning streak on the major indexes, with the exception of the Dow, which benefited from strong earnings and a positive global outlook by mining and construction equipment maker Caterpillar and thus extended its winning streak to a 12th gain in thirteen sessions.
In contrast, there was
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The only follow-through from yesterday’s rare bout of weakness came early this morning, as sovereign credit concerns regarding Greece once again made headlines and spooked US equity investors for the first ten minutes of the session. Greek bonds declined for a seventh consecutive session and credit-default swaps on Greece’s government debt continued to soar. The
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Part 2 of 2: Still arguing over whether to carry on New Labour’s plan for uk’s bankruptcy, or cut public sector spending (and the borrowing to fund it) now. The international markets have already made up their mind, and is why the UK Pound is getting worth less and less as the prospect of New
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A new report on the US services sector was disappointing and seen as a key reason for today’s pullback on the S&P 500 after a strong two-day rally. According to the Institute for Supply Management, last month brought weaker than expected activity among US service companies, as reflected by the ISM’s index of service activity
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