A trading week
that was looking like a winning one for those long equities ended on a very sour note
, with all of the previous three days’ gains retraced in the first few hours of today’s bearish session.
After opening lower, the major U.S. stock market
indexes struggled to find direction, entering into positive territory by mid-afternoon only to reverse course and close modestly lower. Investors weighed an oil-price rally and mostly solid earnings reports against a somewhat volatile economic backdrop. Meanwhile, the timing of an eventual interest-rate hike by the Federal Reserve remains uncertain, with policymakers appearing divided of late. Furthermore, concerns persist that a strong dollar and relatively low oil prices will yield greater pressure on corporate profits in the current earnings season.
At the closing bell
, it was a sea of black ink
for the major U.S. equity indexes
. The large-cap Dow Jones Industrial Average and the S&P 500 Index finished with respective gains of 76 and 11 points. The NASDAQ, on the strength of the technology stocks
, also was higher, but it path to the finish line was a bit smoother. The NASDAQ, along with the small-cap Russell 2000, were the leaders among the major averages. Overall, the scales were tipped in favor of the advancing issues on both the Big Board and the NASDAQ.
It was a split decision
on Wall Street
today. On the plus side, the Dow Jones Industrial Average climbed 60 points
, led by the Index’s oil stocks and helped by a good profit report by banking behemoth JPMorgan Chase
(JPM). The S&P 500 rose three points, as well. However, tech shares pulled back
, with the NASDAQ falling 11 points. Market breadth echoed this sentiment, with advancers leading decliners by about a five-to-three margin on the New York Stock Exchange, but losers narrowly topping winners on the NASDAQ.
The U.S. stock market
got off to a strong start this morning, but surrendered its gains
as the session progressed. At the conclusion of trading, the Dow Jones Industrial Average was off 81 points; the broader S&P 500 Index was down 10 points; and the NASDAQ, which managed to buck the downtrend for most of the afternoon
, closed with a modest loss of eight points.
After opening higher, the major U.S. stock market indexes briefly turned negative before finding their way back into positive territory
and remaining comfortably there through the close. Notably, the Dow Jones Industrial Average and the S&P 500 both breached their respective critical 18,000 and 2,100 levels. Indeed, the markets ended the week on a decidedly optimistic note following a choppy performance over the past few trading sessions.
The major U.S. stock market indexes struggled to find direction today
, trading in a narrow range for most of the day but nevertheless ending in comfortably positive territory. Today’s performance was partially an extension of yesterday’s choppy trading
, which largely stemmed from the release of minutes from the FOMC’s March meeting that indicated policymakers remain divided over the timing of a rate hike.
The U.S. stock market opened higher this morning
, and spent the rest of the session trading in a choppy pattern. At the close of trading, the Dow Jones Industrial Average had gained 27 points; the broader S&P 500 Index had risen six points; and the NASDAQ, which assumed the leadership role, had advanced 41 points.
It was a lackluster day of trading on Wall Street today.
The major U.S. equity indexes were looking to make it three consecutive winning sessions on Wall Street, and it was very much looking like that would be the case, before the bears returned late in the session, and most of the averages finished the day in the red
The new week began with a nice statement from the bulls.
After a modestly lower start to the session, the bulls quickly regrouped and the buying was lively over much of the remaining hours of the trading day
, though some of the gains were pared in the final hour.