Daily Market Commentary

Wall Street seemed to be recovering from the sharp decline in the home sales figures. After yesterday unflattering existing home sales number, new home sales came in today at 276,000, down 12.4%, and considerably less than the 334,000 expected. Many investors attribute the drop to the expiration of the home buyer tax credits, and stocks
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The markets had a rough session today as more disappointing housing data was released. Investors seemed to panic after hearing that sales of existing homes dropped 27 percent last month. The Dow Jones lost 133.96 points, and even slipped below the 10,000 point mark for part of the session. The Nasdaq forfeited 35.87 points to
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All three major indices were up strongly toward the beginning of the day fueled by some high profile acquisition news that include: a Chinese private equity fund-led consortium potential acquisition of fertilizer giant Potash (POT), Hewlett-Packard (HPQ) aggressive bid for 3Par (PAR), and SABMiller negotiation to purchase Australia’s Foster’s Group. Unfortunately, the early excitement lacks
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The major indices closed down this week, with the exception of the Nasdaq which just barely gained, inching up 0.81 points. The Dow Jones fell 57.59 points, or 0.56%, and the S&P 500 slipped 0.37%. Economic reports remained disconcerting, with inconsistent employment data across the country, and a decrease in oil prices due to oversupply
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Stocks took a plunge today due to a serious of disappointing economic data points. Investors just don’t seem confident in the economy enough to do any significant trading. The early morning activity looked promising, but quickly took a turn for the worse after the jobless claims report was released. It was donwhilll from there. The
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U.S. stocks opened lower than previous day close as investors tried to search for direction with no major economic news. By 10am stocks start to gather positive momentum and moved toward the plus side to close in the positive territory. The upward move was led by strong earnings from retailers, which helped the market overcome
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After an uneventful trading day yesterday, the major indices finally saw some movement today. The major indices were all up more than 1%, with the Dow Jones up 103.84 points (1.01%) and the Nasdaq up 27.57 points (1.26%). Trading volume remained low, with 468.3 million shares traded on the NYSE. Investors responded pleasantly to both
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The markets remained fairly flat today. Investors seemed apprehensive to make any major moves given the recent economic indicators and market conditions. There just has not been enough evidence to inspire any trading optimism with investors. The Dow Jones dropped 1.14 points to 10,302.01 while S&P 500 climbed up 0.13 points to close at 1,079.38
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This has been a bad week for stocks as U.S. stocks fell for the forth consecutive days. Disappointing economic reports and poor earnings in the retail sector dealt a one-two punch that weighed down the market. The University of Michigan Consumer Sentiment Index shows consumer sentiment rose to 69.6 for early August from 67.8 the
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The markets continued their downward trend with a third day of losses. There were a couple strong earnings reports released today, but investors focused on the negative, and that included yesterday’s report from Cisco Systems (CSCO: Charts, News, Offers). Cisco, often looked at as a forecaster for the tech sector, failed to meet expectations and
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