Daily Market Commentary

Stocks declined on Thursday after comments from the ECB president about the Euro decreased optimism on Europe’s economic outlook. Top U.S. retailers reported strong sales in January, which surprised many investors who thought the decrease in disposable income resulting from higher payroll taxes would adversely impact these numbers. U.S. jobless claims fell last week, nearing
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Stocks ended mixed on Wednesday as the tech industry struggled. Despite the small changes on Wall Street today, the S&P 500 has now gained 6% so far this year and continues to push the equity market upward. European stocks fell to two-month lows ahead of an ECB meeting that could reveal concern over the economic
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The major US indices ended higher on Tuesday and rebounded from yesterday’s losses. Dell Inc. (DELL) sparked much of this upward movement after agreeing to their buyout valued at $24.4 billion that will take the company private. Zynga (ZNGA) also …

After reaching such highs last Friday, the major indices fell hard on Monday and caused what was the greatest single-session drop so far this year. Attention was brought to European markets as debt crisis worries were revived in both Spain and Italy. Spain’s Primer Minister Rajoy was called to resign after talks of corruption scandals. The
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Markets were pushed higher after positive data was released regarding employment in the US. The economy added more jobs towards the end of 2012 than was originally reported and as a result the Dow crossed above 14,000 points for the first time since 2007. Nasdaq and the S&P 500 also finished higher for the day.
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On Thursday the US Senate approved a short-term suspension of the debt ceiling, which will allow policy makers to focus on other budget decisions as well as remove the threat of defaulting on payments. President Obama is expected to quickly sign the bill. The major indices mostly fell but still were in position to finish
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The Federal Reserve announced on Wednesday that it would leave it’s bond-buying plan in place at a rate of $85 billion per month. The plan to continue with this monetary policy was expected after it was reported that GDP contracted more than forec…

On Tuesday it was reported that consumer confidence in the US fell more than was forecast to the lowest level in over a year. This drop coincides with the recent increase in payroll tax and declining optimism for future employment. It was also sha…

The S&P 500′s winning streak of eight sessions finally ended on Monday as mixed economic reports were shared from the US. The Nasdaq was boosted slightly after shares of Apple (AAPL) rebounded by 1.8%. Companies reporting positive earnings res…

The S&P extended its gains to what has now become the longest positive streak since 2004. Deutsche Bank (DB) analysts have revised their twelve-month target for the index from 1,575 to 1,600. The Dow is also on it’s way to an all-time high whi…