After declining briefly in early trading, the major U.S. stock market
indexes moved into the green
, remaining modestly positive
, for the most part, through the close. The trading environment
was somewhat choppy, as a slew of mixed, but mostly positive, economic releases took the focus. The data appeared to reaffirm expectations for a December interest-rate hike by the Federal Reserve. Meanwhile, today is the last full trading day of this holiday-shortened week, with markets closing tomorrow for Thanksgiving
, and winding up early on Friday.
The U.S. stock market got off to a weak start
this morning, but managed to recover somewhat in the afternoon. This morning’s initial decline came as traders digested news that Turkey had shot down a Russian aircraft. However, as the day progressed
this item became less of a concern for Wall Street, and buyers began to step into the market.
The major U.S. stock market indexes
started the week off on a mixed note
, trading in a narrow range throughout much of the session, before moving into slightly negative territory
in mid-afternoon trading. Today’s performance comes on the heels of an exceptionally strong run last week, and may simply represent a market pause ahead of additional economic data
slated for release over the next several days of this holiday-shortened trading week.
The major U.S. stock market indexes ended the day on a fairly optimistic note, paring some of the strong gains seen early in the day, but nevertheless capping off a healthy week of gains in solid fashion. Today’s performance were driven in part by improvement in retail stocks
The U.S. stock market spent most of the session meandering around in a choppy fashion. The averages drifted in and out of positive territory throughout the day, but ultimately closed slightly lower. The Dow Jones Industrial Average was down four points; the broader S&P 500 Index was off two points; and the NASDAQ was also lower by two points. Market breadth also displayed little clear direction, as advancers were about even with decliners on the NYSE. A number of equity sectors made progress, helped by strength in the technology and utility issues. However, there was considerable weakness in the energy and healthcare groups.
The major equity indexes started to the trading day to the upside and never looked back
, with the buying intensifying in the second half of the session. Pushing the market higher initially was a favorable reaction by the investment community to some corporate deal news, including a possible union of two major railroad operators. We also sense that it was the continuance of some bargain hunting after last week’s sharp selloff on Wall Street.
Stocks here opened nicely higher today
, latching on to the coattails of their European counterparts, which enjoyed big run-ups on the thinking that the horrific terrorist attacks in Paris last week might lead the European Central Bank to increase monetary stimulus.
The U.S. stock market
got off to a slow start this morning, following the tragic events in Paris last Friday. Even so, the averages advanced meaningfully in the afternoon. At the end of trading, the Dow Jones Industrial Average was up 238 points; the broader S&P 500 Index was ahead 30 points; and the NASDAQ was higher by 57 points.
It was not a good week for investors to be long equities. Indeed, the bears held the upper hand for nearly the entire five-day stretch, with their grip on trading tightening considerably toward the end of the week, punctuated by two notable selloffs
. With the earnings season slowing down and the economic news on the light side, and what we did get on both fronts was not very supportive, investors continued to focus on the Federal Reserve and what it might do at next month’s FOMC meeting.
The major U.S. stock market
indexes opened sharply lower, and remained in negative territory throughout the trading session, ending near the session’s nadir. A plunge in commodity prices contributed to the weak showing, as did comments from a Federal Reserve
official suggesting economic conditions have improved sufficiently to warrant a rate increase this year.