Today’s session mirrored the last few ones. Stocks bounced around for most of the day, but managed to post slim gains before the closing bell. Advancing stocks narrowly outpaced those that fell on the New York Stock Exchange, where trading volume came to 649.9 million shares. Financial shares continued to advance following comments from Citigroup’s [...]
Daily Market Commentary
Bank and Tech Shares Lead Wall Street Higher
March 10th, 2010Stocks sputtered on Wednesday following major advances during morning trading. Bank and technology shares lifted Wall Street early on. Bank stocks advanced on upbeat analyst comments and bullish statements from some executives. Citigroup (C) and Bank of America (BAC) were some of the biggest advancers. Technology shares continued an uptrend as investors responded to Cisco’s [...]
Investors to Wall Street: We Need More Motivation!
March 9th, 2010Stocks remained in a tight range on Tuesday as investors abandon an early advance. The Dow Jones Industrial Average finished the day with slim gains. The Nasdaq composite barely changed after having hit a fresh 18-month high earlier in the afternoon. Advancing stocks narrowly outpaced those that fell on the New York Stock Exchange, where [...]
Investors Play it Safe; Tech Shares Add Momentum to Session
March 8th, 2010Investors played it safe on Monday ahead of economic news due out this week. Market breadth was positive. On the New York Stock Exchange, winners beat losers four to three on volume of 640 million shares. The technology sector bolstered Wall Street slightly as investors bought shares after analysts’ comments on BlackBerry maker Research in [...]
Payroll Data Keeps Stocks Higher; Unemployment Rate Holds Steady
March 5th, 2010Stocks capped off the week higher as investors cheered better-than-expected payroll data. Analysts were initially concerned the severe winter weather would have caused a bigger drop. The health care and business services industries actually had solid job growth. 24 of the 30 Dow components rose, led by oil companies. Shares of Apple (AAPL) gained 4% [...]
Dow Turns Positive for 2010; Investors Await Jobs Report
March 4th, 2010Wall Street was finally able to finish the day with some solid gains. Falling stocks narrowly outpaced those that rose on the New York Stock Exchange. More improvements in the retail sector and a dip in jobless claims appeared to be the motivating factor for investors. Major gauges rose in the morning and then flattened [...]
Mixed Reports on the Economy Leave Investors Skeptical
March 3rd, 2010Stocks stayed relatively close to the flat line for a majority of Wednesday’s session. The Dow Jones Industrial Average and Nasdaq eventually fell into negative territory before the closing bell. Weakness in the health-care sector fueled by a new call from President Obama to pass federal health-care legislation weighed on the Dow. Stocks initially posted [...]
Upbeat Economic Reports Overseas and Merger Activity Lift Markets
March 2nd, 2010Stocks posted slim gains on Tuesday as more merger activity poured in. CF Industries (CF) relaunched a buyout offer for fertilizer maker Terra Industries (TRA), which last month agreed to be sold to Norway’s Yara for $4.1 billion. A selloff in some of the Dow’s tech stocks dragged on the index. Market breadth was positive. [...]
News on AIG Deal and Greece Bailout Boost Stocks
March 1st, 2010The positive momentum from Friday spilled over into today’s session as investors pushed stocks higher. Both the S&P 500 and the Nasdaq ended in positive territory for the year for the first time in over a month. Market breadth was positive. On the New York Stock Exchange, winners topped losers three to one on volume [...]
Search Commentary and Articles:
Subscribe
Recent Commentary and Articles
- Stocks Bounce between Negative and Positive Territory
- AnnTaylor’s Transition to Casual Brings Surprise Profit (ANN)
- Forex: U.S. Retail Sales and Consumer Sentiment
- Stocks Make a Late Recovery; Dodd Goes Solo with Financial Regulation Bill
- S&P 500 Stock Market Trends – March 2010
- Best Buy Hopes 3D is Here to Stay (BBY)
- Forex: Australian Jobs, Switzerland Rate Decision, and Important Figures in the U.S.
InvestorGuide Contributors
This random selection from my daily reads changes each time the page is refreshed.
A measure of the financial ability of U.S. families to buy a house. 100 means that families earning the national median income have just the amount of money needed to qualify for a mortgage on a median-priced home; higher than 100 means they have more than enough and lower than 100 means they have less than enough.
Stocks Bounce between Negative and Positive Territory
March 12th, 2010Stocks shuffled between negative and positive territory on Friday after mixed reports on retail sales and consumer confidence. The Dow Jones Industrial Average added 12.85 points during the last 15 minutes of the session. However, the Nasdaq and S&P 500 couldn’t muster up enough strength and finished in the red. Economic news appeared to be [...]
Posted in Daily Market Commentary | No Comments »