The U.S. equity market started
the session sharply
to the downside
and the bears never looked back, with nary an attempt by the recently staggered bulls to change the tide of trading. By the closing bell
, all of the major
U.S. equity indexes
were deeply in negative territory
, led lower by the Dow Jones Industrial Average (down 1.4%) and the tech-heavy NASDAQ (off 1.6%).
The third quarter of calendar 2014, which was a choppy one for equities
, fittingly ended on a lackluster note. Once again, investors
were taken on a rollercoaster ride. Indeed, the major averages
started the session to the downside, then recovered and moved higher through the late morning hours on the East Coast, fell anew in the second half of the session before rallying again into the close, with that final burst unable to be sustained.
It has been a bumpy conclusion to the month of September and the third quarter for U.S equity market
. The volatility, which picked up considerably last week, as news from overseas was far from uplifting, continued on the penultimate day of the quarter.
posted big gains to finish the week, although they still ended down modestly for the week as a whole. Following Thursday’s major selloff, investors were not sure what to expect this morning. Fortunately, a combination of favorable earnings and economic news lifted spirits on Wall Street
It was a tough day at the office on Wall Street
today, as stocks turned in their worst performance in nearly two months. At the close, the Dow Jones Industrial Average
was down 264 points, dropping below the 17,000 level, the S&P 500
was off 32 points, and the NASDAQ
was lower by 88 points, or a greater percentage than the Dow and the S&P.
The major U.S. equity indexes
reversed course today and did so in a big way. The Dow Jones Industrial Average ended a two-day losing streak with an impressive triple-digit gain; the S&P 500 Index rose for the first time in four sessions; and the NASDAQ moved nicely higher as well.
sold off again today in a continuation of the weak pattern that has established itself in the early part of the week. Yesterday, poor sentiment toward China was the culprit triggering a moderate downturn in equities. In the latest session, it was a dose of dispiriting news out of Europe that helped push the market lower.
The new trading week began with a big statement by the bears. The major U.S. equity indexes
, taking a their cue from the weakness in Asia and Europe earlier in the day, started to the downside and then proceeded to trade notably lower for the rest of the session.
The U.S. equity market
, coming off of three winning days, which for the most part could be termed a Federal Reserve-induced rally, gave back some of those gains today. Overall, it was a bifurcated performance, with the large-cap Dow Jones Industrial Average finishing the session modestly higher, while the tech-heavy NASDAQ, the S&P Mid-Cap 400 Index, and the small-cap Russell 2000 gave ground.
rode a bullish wave to new heights today. At the end of the session, the Dow Jones Industrial Average rose 109 points to set an all-time closing high of 17,266. Not to be outdone, the S&P 500 pushed to its own record-setting high of 2,011, following a nine point gain. Meanwhile, the NASDAQ tacked on a very healthy 31 points. The NASDAQ remains below the peak reached more than 14 years earlier, but is increasingly showing signs that it may eventually pass that high-water mark, assuming market fundamentals remain support.