Category: Market Summary
-
Wall Street Shrugs Off Bombing, Rises On Rate Cut Hopes
After some early indecision, investors rallied late in the day to push Wall Street higher on Monday. The major averages opened lower and hugged the unchanged line for much of the day as investors waited for Iran’s response to the weekend U.S. air strikes on its nuclear sites. Reports suggesting that Iran may block the…
-
Stocks Mixed as Chip Sector Drags on S&P 500
U.S. equity markets wrapped up Friday on a mixed note, with the S&P 500 (SPI:SP500) slipping 0.3% as a decline in semiconductor shares overshadowed dovish comments from a leading Federal Reserve official, who suggested interest rate cuts could come as early as the next policy meeting. The Dow Jones Industrial Average posted a modest gain…
-
Dow Jones Futures Dip as Trump Considers Iran Strike; U.S. Markets Closed for Juneteenth
Dow Jones futures fell sharply early Thursday, alongside S&P 500 and Nasdaq futures, as growing tensions between Israel and Iran weighed on investor sentiment. U.S. stock markets are closed Thursday in observance of the Juneteenth holiday. The stock market ended Wednesday mixed. Former President Donald Trump hinted at involvement in the Israel-Iran conflict, saying he…
-
U.S. Stocks Close Roughly Flat After Fed Leaves Rates Unchanged
After moving to the upside early in the session, stocks gave back ground over the course of the trading day on Wednesday to end the day roughly flat. While the Nasdaq inched up 25.18 points or 0.1 percent to 19,546.27, the S&P 500 (SPI:SP500) edged down 1.85 points or less than a tenth of a…
-
U.S. Stocks Move Notably Lower Amid Geopolitical Concerns
Stocks moved notably lower during trading on Tuesday, giving back ground following the rebound seen in the previous session. The Nasdaq slid 180.12 points or 0.9 percent to 19,521.09, the S&P 500 (SPI:SP500) decreased 50.39 points or 0.8 percent to 5,982.72 and the Dow fell 299.29 points or 0.7 percent to 42,215.80. The early pullback…
-
U.S. Stocks Show Strong Move Back To The Upside After Last Friday’s Sell-Off
After moving sharply higher early in the session, stocks gave back some ground over the course of the trading day on Monday but continued to turn in a strong performance. With the upward move, the markets largely offset the steep losses seen during Friday’s session. The major averages all ended the day firmly in positive…
-
Dow Jones Rebounds on Hope for Easing Middle East Tensions
The Dow Jones Industrial Average gained about 350 points on Monday, buoyed by hopes of easing tensions in the Israel-Iran conflict. Investor optimism stems from reports of potential peace talks, despite conflicting statements from Iranian media. Nonetheless, ongoing trade concerns continue to suppress overall bullish momentum. The Federal Reserve is anticipated to maintain interest rates…
-
U.S. Stocks Pull Back Sharply After Israeli Airstrikes Against Iran
After moving modestly higher over the course of the previous session, stocks pulled back sharply during trading on Friday. The major averages all moved significantly lower, with the Dow and the S&P 500 pulling back well off yesterday’s three-month closing highs. The major averages staged a recovery attempt in late morning trading after an early…
-
U.S. Stocks Recover From Early Weakness To Close Modestly High
Stocks recovered from an early move to the downside to move modestly higher over the course of the trading session on Thursday. With the turnaround, the major averages largely offset the pullback seen during Wednesday’s session, with the Dow and the S&P 500 rebounding to three-month closing highs. The S&P 500 (SPI:SP500) ended the day…
-
Dow Jones, S&P, Nasdaq, Trade Uncertainty, Geopolitical Concerns May Weigh On Wall Street
The major U.S. index futures on the Dow Jones, S&P and Nasdaq are currently pointing to a lower open on Thursday, with stocks likely to see further downside following the pullback seen over the course of the previous session. Lingering uncertainty about trade may weigh on Wall Street amid a lack of details about the…