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Stocks Rebound From 2 Day Drop As The Fed Confirms The End Of QE Is Near
Wednesday, July 9, 2014 - 4:40pm | 2399U.S. stocks rose following the FOMC minutes which stated that the Fed is on track for a final month of tapering in October. The Fed plans to slash $15 billion from its monthly asset purchasing program at that time. “Some committee members had been asked by members of the public whether...
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Alcoa Earnings Preview: A Sign Of Earnings To Come?
Monday, July 7, 2014 - 7:39am | 864Each quarterly report from Alcoa (NYSE: AA) unofficially kicks off a new earnings season, though its reputation as a bellwether for coming earnings may be diminished by the fact that it no longer is a Dow Jones Industrial Average component. The company is scheduled to report its second-quarter...
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Earnings Expectations For The Week Of July 7: Alcoa, Wells Fargo And More
Sunday, July 6, 2014 - 3:26pm | 892Alcoa (NYSE: AA), the traditional kickoff to a new earnings season, steps into the earnings spotlight this week, and analysts are looking for mixed results for the second quarter. Will that be a harbinger for reports to come? Things really get started when Wells Fargo (NYSE: WFC), the first of...
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Dow Trades Above 17,000 While S&P 500 Inches Closer To 2,000
Thursday, July 3, 2014 - 1:20pm | 1238U.S. stocks rose ahead of the long weekend after the economy added a better-than-expected 288,000 jobs in June. The unemployment rate also dipped to 6.1 percent. The Fed's Janet Yellen confirmed its views that ti will not raise its interest rates on Wednesday at an International Monetary...
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Earnings Expectations For The Week Of June 30: Season Draws To A Close
Monday, June 30, 2014 - 6:14am | 763As the calendar quarter draws to a close this holiday-shortened week, so does another earnings season. The most significant quarterly reports due this week come from alcoholic beverage company Constellation Brands (NYSE: STZ) and payroll processor Paychex (NASDAQ: PAYX). Analysts on average...
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Markets Slightly Lower As Bullard Hints Higher Rates Could Come Sooner Than Expected
Thursday, June 26, 2014 - 4:34pm | 2399U.S. stocks were little changed as investors digested comments coming from head of the Federal Reserve Bank of St. Louis. The Fed's Jim Bullard said that the 2.9 percent decline in the first quarter GDP is “giving me heartburn.” Bullard added that the worse than expected figure...
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Market Wrap For June 17: Markets Higher Ahead Of Fed Decision
Tuesday, June 17, 2014 - 4:30pm | 1799U.S. stocks were slightly higher following encouraging economic May data coming in a day before the Federal Reserve concludes its two day meeting regarding its monetary policy. It is possible the Federal Reserve will announce on Wednesday that it is lowering its monthly asset purchases to $35...
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Market Wrap For June 2: Dow, S&P Continue Rising, Nasdaq Slightly Lower
Monday, June 2, 2014 - 4:36pm | 2382U.S. stocks were mostly positive on the first trading session of June in which investors were left confused over ISM's May Manufacturing data which was revised twice. Both the S&P 500 and Dow Jones indices reached new highs. The S&P 500 index reached a new all time high of 1,925.88...
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Market Wrap For May 29: Investors Welcome Another Record High For The S&P 500
Thursday, May 29, 2014 - 4:41pm | 2596U.S. stocks gained on Thursday despite the Commerce Department reporting that U.S. gross domestic product declined at a one percent annualized rate in the quarter. Analysts were expecting GDP to decline 0.4 percent. Pending home sales were below expectations but investors may have shrugged off...
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Market Wrap For April 9: Investors Breathe Sigh Of Relief Over Rate Worries
Wednesday, April 9, 2014 - 4:35pm | 2359U.S. stocks rose sharply after minutes from the Federal Reserve eased concerns over when the central bank would raise interest rates. The decision to let go of the 6.5 percent unemployment rate threshold for raising interest rates was finalized in early March. Additionally, the Fed's minutes...
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Market Wrap For April 7: Bears In Complete Control As Markets Get Hammered Yet Again
Monday, April 7, 2014 - 4:41pm | 1842U.S. stocks declined for the third straight day in another trading session in which Internet, social media, biotechnology and momentum stocks sold off. The Dow suffered another triple-digit point loss while the three major indices each saw declines greater than one percent. The timing of the...
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Earnings Expectations For The Week Of April 7: New Season Kicks Off
Sunday, April 6, 2014 - 6:05pm | 787This week brings the first-quarter report from Alcoa (NYSE: AA), the traditional kickoff of a new earnings season. But its relevance may be diminishing, now that the company is no longer part of the Dow Jones Industrial Average. With the end-of-the-week earnings reports from J.P. Morgan (NYSE: JPM...
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Market Wrap For April 2: Markets On Four-Day Winning Streak
Wednesday, April 2, 2014 - 4:40pm | 2499U.S. stocks rose for the fourth-consecutive day as investors found plenty of positives in today's ADP National Employment Report released today. As a result, the S&P 500 hit new all time highs of 1,893.17 while the Dow remains just a few small points away from its all time highs. The next...
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Market Wrap For April 1: S&P 500 Hitting New All-Time High Not An April Fools' Joke
Tuesday, April 1, 2014 - 4:47pm | 1704U.S. stocks kicked off a new month and new quarter with solid gains as U.S. manufacturing growth improved in March. The indexes have now logged a three-day winning streak, an accomplishment which was completely absent throughout all of March. The S&P 500 hit new all-time highs of 1,885.84...
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Earnings Expectations For The Week Of March 31: Micron Technologies, Monsanto And More
Monday, March 31, 2014 - 6:50am | 771Earnings highlights this week include reports from Micron Technology (NASDAQ: MU) and Monsanto (NYSE: MON). Apollo Education (NASDAQ: APOL) and CarMax (NYSE: KMX) are also scheduled to take their turns in the earnings spotlight this week. Below is a quick look at what analysts expect from these...