Daily Data Flow
S&P 500 Reaches 1700; Nikkei Hits One-Month High; U.S. Crude Rallies
S&P 500 Reaches 1700 (Bloomberg)
For the first time in U.S. History, a general rise in U.S. stocks sent the S&P 500 above 1700 Thursday, as central banks reassured investors that stimulus would continue. “Central banks throughout the world remain accommodative and you do not want to fight the central banks,” Phil Orlando, New York-based chief equity strategist at Federated Investors, said. “All of the data from an economic standpoint is telling that the economy is continuing to get better, the labor market is improving, and corporate earnings are coming in better than expected. So this market should continue to work higher.”
S&P 500 Declines on Fed Silence; U.S. Dollar Soars on Strong Data; Economy Gained Momentum in Second Quarter
S&P 500 Declines on Fed Silence (Bloomberg) A lack of news from the Federal Reserve reversed Tuesday’s stock market rally, as the S&P 500 and the DOW dipped slightly Wednesday. Investors had hoped to hear whether the Fed was considering a reduction in stimulus spending. “The statement should come as no surprise, the Fed will […]
S&P 500 Aims for Biggest Month since January; Investor Pessimism Lowers Oil Prices; Declining Yen Boosts Asian Stock Indices
The S&P rose again Monday ahead of an announcement from the Federal Reserve, as the U.S. market index neared its biggest month since January.
S&P 500 Pares Monthly Gain; Asian Stocks Decline, Yen Rises; Buyers Boost Gold Futures
S&P 500 Pares Monthly Gain (Bloomberg) All three major U.S. stock indices fell today, as housing data damaged investor enthusiasm. This decline halted this month’s fantastic profit streak for the S&P 500. “Some of the economic data appears softer than we anticipated,” Eric Teal, a chief investment officer at First Citizens BancShares Inc., said. “Some pause […]
Daily Data Flow: U.S. Market Finishes Week Strong; Dollar Hits Five-Week Low; Consumer Sentiment Rises to Six-Year High
The S&P 500 made a comeback from early losses to finish higher on Friday, as investors await upcoming central bank meetings.
Daily Data Flow: Stocks Rise as Investors Consider Data, Earnings; Euro Rises Against U.S. Dollar; Small Companies Contributing to Market Rally
Stocks rose today, halting two days of losses for the S&P 500, as investors weighed corporate earnings and economic reports for indications that the Federal Reserve may begin to taper its stimulus soon.