Daily Data Flow
Daily Data Flow: Earnings Yield Hits 58-Year High; Deficit to Fall to $642 Billion; Yen, Euro Down
A strong earnings yield sent stocks in the S&P 500 to a 58-year high earlier today. Although the 5.4 percent earnings yield is still below its historical average, the number is nearly triple the 1.9-percent yield of a 10-year Treasury note.
Daily Data Flow: Mixed Day for Stocks; Investors Borrowing Big from Portfolios; Dollar up for Third Straight Session
In the wake of better-than-expected April retail sales data, stocks had a mixed day, with about three stocks falling for every two that rose. The S&P 500 squeaked out a minimal gain for the day, while the Dow lowered slightly.
Daily Data Flow: S&P, Nasdaq Rise; Jobs Picture Brightens for Baby Boomers; U.S. Posts Largest Budget Surplus in Five Years
The S&P 500 and Nasdaq rose modestly earlier today following Thursday’s losses, as the indexes were on track for a third week of gains.
Daily Data Flow: Earnings to Raise S&P 500 to Inflation-Adjusted High; Jobless Claims Lowest in More Than Five Years; Dollar Hits 100-Yen Level
Corporate earnings are likely to rise high enough to send the S&P 500 Index to a “real” record high, one which accounts for inflation, surpassing the previous inflation-inclusive peak from October 2007.
Daily Data Flow: Earnings Keep Dow over 15,000; Colleges Attracting Rich Students, Shortchanging Poor; Euro Rises on German Data
Earnings Keep Dow over 15,000 (Bloomberg) After passing 15,000 points yesterday, today’s earnings kept the Dow above that mark. The S&P 500 also rose today. “We’ve recovered from the nervousness that we saw in the market in April and we’ve built a nice base here,” Peter Jankovskis, co-chief investment officer of Lisle, Illinois-based Oakbrook Investments […]
Daily Data Flow: Stimulus Hopes Boost Dow Over 15,000; Earnings Season Leans on Brand Power; China Nervous about EU-U.S. Trade Talks
Stocks rose today, sending the Dow above 15,000 for the second time in a week, indicating general optimism over the global central bank stimulus.