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Market Wrap For June 18: Markets Rally On Fed Comments And Tapering
Wednesday, June 18, 2014 - 4:34pm | 2069U.S. stocks rose as investors and traders digested comments from the Federal Reserve. The Federal Reserve Open Committee announced that it will further taper its asset purchases by another $10 billion. The Fed is now committing towards purchasing $35 billion of assets per month. The Fed also...
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#PreMarket Primer: Tuesday, June 17: US Considering Air Strikes In Iraq
Tuesday, June 17, 2014 - 7:13am | 1213US President Barack Obama met with his top national security advisers on Monday to discuss how to move forward in Iraq. Sunni insurgents have taken control of much of the north of the nation and have been joined by several other groups that oppose oppression by Maliki. The UN has said that...
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Market Wrap For June 13: Despite Rising, Dow And S&P 500 Lower For The Week
Friday, June 13, 2014 - 4:39pm | 1827U.S. stocks closed the day slightly higher to close out the week as investor concerns over escalating violence in Iraq remains. As was the case during the height of the Russia and Ukraine confrontation, investors are hesitant of holding on to investments over the weekend. U.S. Secretary of...
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Market Wrap For June 10: Stocks Showed Little Change On Light Volume
Tuesday, June 10, 2014 - 4:41pm | 2151U.S. stocks were mostly unchanged on a catalyst-light day characterized by low volume. The SPDR S&P 500 ETF (NYSE: SPY) has a three-month daily average volume of over 101 million only traded hands 47.8 million times on Tuesday. With little economic or market moving catalysts due in the...
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Market Wrap For June 5: Markets Positive Before Friday's Employment Report
Thursday, June 5, 2014 - 4:35pm | 2244U.S. stocks were positive after the European Central Bank implemented steps to fight disinflation, including negative interest rates. On the home-front, initial jobless claims rose last week but that didn't stand in the way of the S&P 500 and Dow Jones indices trading at historical all-...
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Market Wrap For June 3: Markets Run Out Of Steam
Tuesday, June 3, 2014 - 4:44pm | 2002U.S. stocks were lower with the S&P 500, Dow Jones and Nasdaq indices all ending in the red. In a lackluster trading session with little market moving move, investors are likely sitting on the sidelines until key data will be released later on this week. All eyes will be on Friday's...
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Doug Kass On A Rigged Market And High-Frequency Trading
Monday, June 2, 2014 - 12:13pm | 488Doug Kass, President of Seabreeze Partners Management, sees a market that's not only rich in risk, but also rigged. He discussed these views and more while appearing on Benzinga's #PreMarket Prep in April. “With [high-frequency trading] accounting for nearly 70 percent of total trading activity...
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Market Wrap For May 30: 'Sell In May And Go Away' Proves To Be Bad Advice
Friday, May 30, 2014 - 4:30pm | 1763U.S. stocks were mostly higher on the final trading day of May, as both the S&P 500 and Dow indices close at record highs, despite disappointing consumer spending data reported on Friday morning. Loretta Mester, the soon to be Cleveland Fed President argued in a speech the importance of...
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Market Wrap For May 28: Markets Take A Breather As Treasury Yields Fall
Wednesday, May 28, 2014 - 4:34pm | 2195U.S. stocks ended a four day rally which saw the S&P 500 hit historical all-time highs. However, during Wednesday's trading session the ten-year Treasury yield traded as low as 2.439 percent, the lowest level seen since June 2013. Volume remained below average during Wednesday's trading...
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Market Wrap For May 27: S&P 500 Closes At New Record High After Holiday Weekend
Tuesday, May 27, 2014 - 4:48pm | 1979U.S. stocks rose on a light volume trading session following a three day weekend. Regardless, the S&P 500 index hit a new intraday all time high of 1,912.28. Tuesday's trading session saw the release of mostly positive economic data including durable goods and the S&P/Case-Shiller...
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Market Wrap For May 23: Markets Marginally Higher; S&P 500 Closes Above 1,900
Friday, May 23, 2014 - 4:39pm | 1787U.S. stocks were little moved with the news-flow light, as would be expected prior to a long-weekend. In fact, Thursday's trading session proved to be the second lowest volume day of 2014. The S&P 500 closed above 1,900 and came within striking distance of matching its intraday all time...
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Top Ex-Dividend Stocks For May 21, 2014
Wednesday, May 21, 2014 - 10:16am | 184Here is a list of the top companies with ex-dividends announced today. Time Warner (NYSE: TWX) PVH (NYSE: PVH) Nu Skin Enterprises (NYSE: NUS) 3M (NYSE: MMM) Mattel (NASDAQ: MAT) Marriott (NASDAQ: MAR) Hershey (NYSE: HSY) Cummins (NYSE: CMI) ConocoPhillips (NYSE...
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Market Wrap For May 20: Markets Sharply Lower On Fed Talk, Disappointing Earnings
Tuesday, May 20, 2014 - 4:42pm | 2471U.S. stocks declined following troubling words from a Federal Reserve official. In a speech delivered Tuesday, the Fed's Charles Plosser hinted that the Federal Reserve should reduce the pace of its asset purchases in measured steps but an increase in interest rates “may come sooner than many...
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Market Wrap For May 13: Markets Close Again At Record Highs
Tuesday, May 13, 2014 - 4:36pm | 2460U.S. stocks were mixed as a positive measurement of small business sentiment offset a disappointing retail data set. Following Monday's action, the S&P 500 and Dow indices not only traded at new historical-all time highs, but closed at record highs. In fact, the S&P 500 briefly traded...
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Market Wrap For May 12: Dow And S&P Close At Record Highs
Monday, May 12, 2014 - 4:37pm | 2248U.S. stocks rose as both the Dow and S&P 500 indices closed at record highs. With over 90 percent of S&P 500 companies reported earnings, investor focus has shifted to renewed merger and acquisition activity that provides a higher level of confidence that the economy is expanding. The...