The major U.S. stock market indexes began the week on an optimistic note
, opening notably higher and steadily adding to these gains throughout the day. This extension of Friday’s large reversal came as investors continued to digest the exceptionally weak monthly nonfarm payrolls report, particularly with respect to its implications on the timing of an interest-rate hike by the Federal Reserve.
It was another volatile day of trading on Wall Street,
which has been the norm for the better part of the last six weeks. Investors—as reflected by the light trading volume once again—are not showing any conviction these days, with uncertainty about a number of issues making them skittish.
The U.S. stock market
moved sharply lower this morning
, with the Dow surrendering more than 200 points at its nadir. But stocks
managed to recover considerable ground
later in the afternoon
, and closed
. At the end of trading, the Dow Jones Industrial Average is was off just 13 points, while the S&P 500 Index was ahead four points, and the NASDAQ gained seven points.
The major U.S. equity indexes, taking their cue from overseas trading, started the session sharply to the upside
, with a favorable reaction to China’s announcement of some stimulus measures to jump start that country’s slowing economy (more below) giving equities a boost. The initial gains were pared notably by the midday hour on the East Coast, but the buying picked up again over the final few hours of trading and the averages rose anew
The major U.S. equity averages
, on the heels of Monday’s outsized losses, including a setback of 143 points for the NASDAQ, started today’s session briefly to the downside
, with traders taking their cue from overseas. Then
the market, with an assist from a strong reading on consumer confidence from the Conference Board, rallied into positive territory
and held the gains to varying degrees through the midday hour on the East Coast.
It was not a good day to be long either equities or commodities
, as both markets were slammed today. There was a confluence of factors that came together to take measure of both markets, most prominently escalating concerns about the health of the global economy.
That, along with uncertainty about when the Federal Reserve will begin to tighten the monetary reins and worries about what the fast-approaching third-quarter earnings season will bring are pressuring equities.
It was another bearish week on Wall Street
. The major equity averages started the five-day stretch to the upside, with some bargain hunting following a notable selloff on Friday September 18th, but that rally proved to be very short lived and we saw mostly heavy selling over the next four trading days.
The U.S. stock market opened notably lower
this morning, but managed to pare its losses significantly
, as the day progressed. At the close of trading, the Dow Jones Industrial Average was off 79 points; the S&P 500 Index was down seven points; and the NASDAQ was lower by 18 points. Market breadth was negative, as decliners finished ahead of advancers by a three-to-two margin on the NYSE.
today finished modestly lower, after coming back from a sharp midday selloff. At the close, the Dow Jones Industrial Average was down 51 points; the NASDAQ lost four points; and the S&P 500 also dropped four points. Market breadth was broadly negative, with about three stocks falling for every two rising on the Big Board and four decliners for every three advancing issues on the NASDAQ.
Stocks finished off of their lows, but still took it on the chin today
, as worries about growth fired up the bears and sent the bulls running for cover. At the close, the Dow Jones Industrial Average finished down 180 points; the NASDAQ dropped 72 points; and the S&P 500 tumbled 24 points.