After 2 days in a row of over 2% losses, the market bounced back today. The Dow Jones gained 178 points, or 1.53%, while the Nasdaq gained 1.27%, and the S&P 500 rose 1.61%. Investors seemed to ignore the European crisis for a day, and also tuned…
Daily Market Commentary
Stocks Reverse 2-day Trends on Strong Corporate Earnings (CCW, TWX)
November 2nd, 2011Stocks Crash on Greek Referendum Announcement (BAC, TM)
November 1st, 2011Major indices were down by over 2 percent each today, as markets reacted to news that Greece would be holding a referendum on the recently proposed euro rescue plan. Greek Prime Minister George Papandreou appears to be responding to the austerity m…
Scary Halloween for Investors as Markets Tumble 2% (DIS, ALL)
October 31st, 2011This Halloween brought tricks and not treats for investors, as October ended with major losses across the board. The Dow Jones lost 276 points (2.26%), the Nasdaq slipped 52 (1.93%), and the S&P 500 dropped 31 (2.47%). Despite today’s losses, thi…
After Yesterday’s Rally, Markets End Mostly Flat; BAC and HPQ Revert Prior Announcements
October 28th, 2011After a strong showing yesterday, the major indices ended today’s session mostly flat. The Nasdaq showed only a 0.05% loss, with the S&P 500 gaining only 0.04%. The Dow was the only major index to post even a moderate change, rising only 22 point…
European Deal Sends Stock Markets Skyrocketing (XOM, HPQ)
October 27th, 2011European officials finally released the details of the new deal with banks today, and markets reacted very positively, with the three major indices going up by around 3 percent each. The S&P 500, which went up by 3.4 percent, extended the best …
Markets up on Economic News, While Many Companies Disappoint Investors (AMZN, F)
October 26th, 2011Investors have changed their attitudes from yesterday, with positive trading sessions on all the major indices. The Dow jumped 1.4%, or 162 points, while the Nasdaq and S&P 500 each gained 12 points. European leaders continued to debate about the…
Stocks Fall on Bad Economic Data (UPS, NFLX)
October 25th, 2011As uncertainty in Europe continues to loom and negative economic data was released today, major indices fell, with the S&P 500 and Nasdaq falling by at least 2 percent each. A private research group also found that consumer confidence had falle…
Markets End Week With Rally on Cautious Optimism from Europe (MCD, CMG)
October 21st, 2011Markets were very strong today, as European finance ministers approved part of the 8 billion euro bailout for Greek creditors. Also helping investor confidence was a statement by Fed Vice Chairman Janet Yellen that another round of quantitative eas…
Indices End Mixed while Many Companies Beat Expectations (NYT, LUV, T)
October 20th, 2011Investors wavered today, sending the market up and down throughout the trading session. The lowest point was around noon, but after that the markets recovered pulling most of the indices into positive territory. The Nasdaq was one of a few to stay…
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Second Day of Solid Gains, Despite Retail Weakness (ANF, AMZN)
November 3rd, 2011The market continued its advances from yesterday, posting a second day in a row of solid gains. The Dow Jones rose over 200 points, and the Nasdaq saw an increase of 2.2%. Talks continued in Greece, as discussions revolved around whether or not t…
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