Daily Data Flow
Stock Indices Post Mixed Earnings; Dollar Continues to Fall Against Euro; Gap Between U.S. and Foreign Oil Widens
Stock Indices Post Mixed Earnings (Bloomberg) The Dow rallied to a new high as the S&P 500 snapped a four-day rise on Tuesday. The S&P 500 had previously reached a record high on Monday. “What you’re seeing is revenues are coming in pretty lackluster and profits seem to be doing a little better than gains […]
U.S. Stocks Extend Gains; Gold Price Rises More Than 3%; Abe Win Boosts Yen Against U.S. Dollar
U.S. Stocks Extend Gains (Bloomberg) On Monday, investment in equity exchange-traded funds (ETFs) reached a five-year high, fueling a rise in U.S. stocks and extending the S&P 500’s record rally. “The earnings reflect a growing economy, but not a robust economy, not a runaway economy,” John Carey, a fund manager at Boston-based Pioneer Investment Management […]
General Electric Gains Boost U.S. Stocks; Gold Hits One-Month High; Fed Comments Continue to Bring U.S. Dollar Down
General Electric Gains Boost U.S. Stocks U.S. stocks rose Friday, as General Electric’s 4.6% gain offset losses by Google and Microsoft. “Earnings have held up reasonably well,” said Henk Potts, an equity strategist at Barclays Plc. “We’ve seen some winners and some losers coming through. There has been disappointment around technology, but we don’t necessarily […]
S&P 500 Hits New Record; U.S. Oil Reaches 16-Month High; U.S. Dollar and Euro Rise on Yen
S&P 500 Hits New Record (Bloomberg) The S&P reached a new record Thursday, as a second day of Congressional testimony from Ben Bernanke was followed by a decrease in jobless claims and a stock market rally. “The underlying concept of what Bernanke is trying to accomplish is taking hold in the marketplace, and that’s a good […]
Daily Data Flow: Ben Bernanke Clarifies Fed Policy; U.S. Stocks Rally on Fed Flexibility; Gold Falls as the Dollar Rises
In comments made today, Federal Reserve Chairman Ben Bernanke advised that the bank’s current quantitative easing (QE) policy was “by no means on a preset course.”
Daily Data Flow: Stocks Fall on Fed Official’s Comments; U.S. Dollar Drops Against Euro; Inflation to Rise as Stimulus Slows
Stocks Fall on Fed Official’s Comments (Bloomberg) Stocks fell on Tuesday, as the S&P 500 ended its longest winning streak since January, as a Federal Reserve official suggested stimulus cuts. “Hawkish comments from Kansas City Fed President George as to the timing of adjustments to the Fed’s bond purchases are putting modest pressure on the indices,” […]