Stock Market Today: September 18, 2014
Stocks 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. Read more
Stock Market Today: September 17, 2014
The U.S. stock market put in a choppy, but somewhat constructive, session today. At the close of the day, the Dow Jones Industrial Average was up 25 points; the broader S&P 500 Index rose three points; and the NASDAQ tacked on 10 points. Further, the Russell 2000, a small cap index, performed nicely. Read more
Stock Market Today: September 16, 2014
It was a bit of a rollercoaster ride for those long equities today. The major U.S. equity indexes started the session to the downside, but after that sluggish start reversed course about 90 minutes into the session and then rose sharply. Leading the charge higher was the Dow Jones Industrial Average, which was able to overcome a nearly 50 point drop early in the session and then hit a new intra-day all-time high. Read more
Stock Market Today: September 15, 2014
If investors were to take a quick glance at the major equity indexes, they would probably come away with the conclusion that it was a mixed session on Wall Street today, based on data that showed the Dow Jones Industrial Average rose 44 points, while the NASDAQ fell 49 points. However, a closer examination reveals that there was a definite bearish tone to trading, punctuated by the aforementioned difficult day for the NASDAQ and notable setback for the Russell 2000. Read more
Stock Market Today: September 12, 2014
Stocks closed down on Friday, and on a weekly basis for the first time since early August, as concerns about higher interest rates and global uncertainties took a toll on investor sentiment. Losses at the close amounted to 61 points on the Dow Jones Industrial Average, pushing it slightly under the celebrated 17,000 level, 24 points on the NASDAQ, and 12 points on the S&P 500. Market breadth was decidedly weak, with decliners outpacing advancers by a wide margin. Read more
Stock Market Today: September 11, 2014
Some late buying allowed several of the major stock market averages to close on a firm note today. At the end of the day, the Dow Jones Industrial Average was down only 20 points, after being off as much as 85 points, while the NASDAQ and the S&P 500 managed to finish with modest gains, after being in the red for most of the session. Market breadth turned broadly positive late in the day, too. Read more
Stock Market Today: September 10, 2014
The U.S. stock market got off to a weak start this morning, but managed to reverse course and head nicely higher. At the close of the session, the Dow Jones Industrial Average was up 55 points; the broader S&P 500 Index was ahead seven points; and the NASDAQ, which led the charge today, was in the black by 33 points. Read more
Stock Market Today: September 9, 2014
The mood on Wall Street today turned quite bearish in the final few hours of the trading session. After a half-hearted attempt by the bulls midway through the session to stem the initial bearish tide, the bears stepped up again and the selling actually intensified into the close. Our sense is that the lack of news on both the economic and earnings fronts has made it difficult for traders to find a catalyst to push equities higher. Read more
Stock Market Today: September 8, 2014
The first day of a trading week that will be short on both earnings and economic news, save for Friday’s report on retail sales, was a mixed one for equities, but had a somewhat bearish undertone to it. After a directionless morning of trading, which actually saw the tech-heavy NASDAQ start nicely to the upside, the selective selling picked up considerably in the early afternoon hours on the East Coast, but the bulls did mount a counterattack in the last hour to mostly even the score with the bears. Read more
Stock Market Today: September 5, 2014
It was a seesaw session of trading to end what could be termed a blasé four-day stretch on Wall Street. It seems that complacency among traders has become the norm these days, with neither major news from the U.S. business beat nor from the international community—and we had such on each account this week—igniting a fire under traders. All week long, trading volume was low and the moves were quite muted, despite some noteworthy headlines, including today’s much anticipated report on the U.S. labor market. Read more
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