Latest Edition

US stocks closed slightly down by only 10 points at 13 268.57 after some weak US economic data was released suggesting slower growth as well as more headwinds from the Eurozone.  The S&P500 fell only 0.25% to 1402.31 as the Nasdaq closed up 9.41 points at 3059.85.

Continue reading →

US stocks were off to a positive start in May following a surprise increase in factory activity as reported by the Institute of Supply Management. The Dow was up 65 points or 0.5% to reach its highest close since May 2007. The S&P500 gained 7.9 points or 0.57% to end at 1,405.82, while the Nasdaq rose slightly to 3,050.44.

Continue reading →

U.S. markets declined Monday, snapping a four day rally. The Dow Jones Industrial Average declined 14.7 points to 13,213.91, the S&P500 lost 5.45 points to 1,397 while the Nasdaq dropped 22 points to 3,046.

Continue reading →

Friday night saw the markets once again closing in the green, with the Dow closing 23.69 points higher at 13,228.31, the Nasdaq up 18.59 at 3069.20, and the S&P up 3.38 at 1403.36. Traders are closely monitoring this crucial technical and psychological 1400 level on the S&P. The market managed to close just above it on Friday and confirmation of this break would likely see a run back to test highs back as early as the highs from 2008 (1440).

Continue reading →

U.S. stocks rose for a third straight day on Thursday after upbeat housing data and stronger-than-expected results from companies overshadowed some high-profile earnings misses.

Continue reading →

The Dow finished up 89 points at 13090 overnight mostly on the back of a statement by Federal Reserve Chairman Bernanke suggesting that he will implement new rounds of quantitative easing should he see the need arise.  Also in the Fed’s statement, it was reinforced that they will be maintaining low interest rates until 2014.

Continue reading →

Markets were broadly lower overnight after budget talks in the Netherlands deteriorated, calling into question the country’s triple A credit rating. A reading on Germany’s manufacturing sector also unexpectedly declined sending the DAX 3.36% lower. The French CAC was 2.83% down while the London FTSE was 1.85% lower on the back of the negative sentiment.

Continue reading →

Friday saw stronger profits being reported by Microsoft and McDonald’s as well as a number of other major US corporations ensuring that the markets closed in positive territory. The Dow and the S&P achieved their first positive week for the month with the Dow rising 65 points to close at 13,029 and the S&P 500 adding a point and a half to 1379.

Continue reading →

Overnight markets ended lower on the back of disappointing economic readings and renewed fears in Europe, these outweighing better than expected US earnings reports.

Continue reading →

US stocks finished 82 points lower mostly on the back of earnings reports from IBM and Intel failing to meet expectations.  The S&P 500 fell only 5.6 points of 0.41% at 1385.14 whilst the tech heavy Nasdaq closed 11.3 points lower or 0.37% at 3031.45.  As IBM is a significant component of the Dow Jones Index, 55 out of the 82 point move down was attributable to IBM’s share price falling 3.5%.  The company’s hardware sales fell last quarter and its revenue disappointed investors.  Limiting selling pressure was Yahoo’s report which beat analysts’ expectations as its share price rallied 3.2%. 

Continue reading →