The Dow Jones Industrial Average broke its eight-day slide on Tuesday during a broad-based rally that saw each index charge higher. Blue chips and small-caps alike were swept up in the bullish resurgence, which persisted from about 10 A.M. until the final hour of trading. A surprisingly positive consumer sentiment reading catalyzed the mid-morning turnaround
, perhaps reminding investors of the bigger picture in the wake of last week’s disappointing healthcare update from Washington.
Stocks opened sharply lower
this morning, but managed to recover quite a bit in the afternoon
. At close of the session, the Dow Jones Industrial Average was down roughly 46 points; the broader S&P 500 Index was off slightly; and the NASDAQ was ahead 12 points. Market breadth was largely mixed, with decliners about even with advancers on the NYSE.
Equities pressed ahead
in the early afternoon
, before rebounding sharply late
in the session, and subsequently wilting again near the close
. Of note, traders were taking their cue from Washington, where politicians are currently debating the nation’s healthcare system. At the close of the session, the Dow Jones Industrial Average was off 60 points; the broader S&P 500 Index was down two points; and the NASDAQ was up 11 points.
Stocks pressed higher earlier today
, but softened considerably
in the afternoon
on disappointing news
out of Washington
. At conclusion of trading, the Dow Jones Industrial Average was down five points, while the broader S&P 500 Index was off two points, and the NASDAQ was lower by four points.
in the final hour of Wednesday’s trading, with investor sentiment improving modestly compared to yesterday’s widespread selloff. The indexes were a bit more buoyant throughout, save for the Dow Jones Industrial Average, which spent most of the session in negative territory, with a closing loss of 7 points. But, while the S&P 500 and tech-centric NASDAQ traded in the black after initial softness in the opening hours, a bearish undertone due to persistent selling of small-cap equities held overall market breadth back.
Stocks opened moderately higher
today, but soon slipped into negative territory
. Further, by the close of trading, the major averages were unable to successfully recover any ground
. Specifically, the Dow Jones Industrial Average was down 238 points; the broader S&P 500 Index was off 29 points; and the NASDAQ was lower by 108 points.
were largely range-bound on Monday
, toggling in and out of positive territory at several points between the bells. The majority
of equities finished the day lower
than when they came in, as profit taking and rotational trading were dominant trends throughout. The modest sell-off was bolstered by activity in the small- and mid-cap markets, as declining shares outnumbered advancers. This was a shift from the positive tone underlying trading late last week, albeit a slight one.
The major U.S. indexes, which began Friday higher before dipping into negative territory, struggled to maintain the gains registered during its mid-afternoon rally. The day began with more positive news on the business beat, but ensuing optimism was bogged down by the reaction to the Federal Reserve’s announcement on Wednesday that it intended to enact three interest rate hikes in 2017, rather than four. And while the bulls regained control of the market heading into the closing hour, an active political news
cycle may have
also sowed some uncertainty as the closing bell neared
The stock market opened slightly higher
this morning, slumped
after about an hour, and only partially recovered late in the day
. At the end of the session, the major averages were mixed, with the Dow Jones Industrial Average closing down 16 points; the broader S&P 500 Index was off four points; and the NASDAQ was little changed.
The bulls stormed
back to the U.S. equity market today
, rebounding mightily from a soft Tuesday with wide gains
registered on each of the three major indexes
. The headline story, of course, was the Federal Reserve’s move to raise interest rates
. The second augmentation in three meetings, Wednesday’s announcement underscores a consistently strengthening economy. The Dow Jones Industrial Average added over 100 points following the news, with 24 of 30 components finishing the session in the black. The S&P 500 and NASDAQ grew by 0.84% (20 points) and 0.74% (43 points), respectively.