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Markets Mostly Higher Despite Initial Negative Reaction From FOMC Minutes
Wednesday, August 20, 2014 - 5:31pm | 2792U.S. stocks were mostly higher as the S&P 500 and Dow continue trading near historical all-time highs. The S&P 500 briefly dipped into negative territory immediately following the Federal Reserves's minutes while the Dow trading lower but stayed in positive territory. The NASDAQ...
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Consumer Confidence And Housing Data Take A Back-Seat To Markets
Tuesday, June 24, 2014 - 4:36pm | 2263U.S. stocks declined as the recent round of violence in Iraq may have escalated following reports that Syrian warplanes conducted raids in western Iraq, killing at least 50 people. The CBOE Volatility Index, also referred to as the "fear index", rose more than ten percent, trading...
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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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7 Stocks To Watch Ahead Of This Week's Housing Market Data
Monday, May 19, 2014 - 2:52pm | 1180The U.S. stock market has been on rocky footing thus far in 2014 with equities only managing meager gains through the middle of May. The old adage is to "sell in May and go away," but nimble investors may be able to find profitable, catalyst-driven ideas in the coming week. T The major event...
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Market Wrap For March 25: Markets Snap Two-Day Losing Steak On Confidence Data
Tuesday, March 25, 2014 - 4:24pm | 1840U.S. stocks rebounded from a two-day losing streak as investors found plenty of positives in consumer confidence data which hit a six-year high in March. According to the Fed's Philadelphia chief Charles Plosser the Fed sees its bond purchasing program ending in October or November with rate...
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Market Wrap For January 14: Markets Rebound On Earnings Season Kickoff
Tuesday, January 14, 2014 - 6:19pm | 2515Major indices reversed Monday's losses and posted strong gains following a better than expected retail sales report and a luke-warm start to earnings season. Related: Stocks Higher, But Dollar Indecisive After Retail Sales Release Philidalphia's Fed chief Charles Plosser said that he wants QE...
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Brent Slips On William Dudley's Comments
Tuesday, November 19, 2013 - 8:04am | 320Brent crude oil lost ground on Tuesday morning following Federal Reserve Bank of New York President William Dudley's speech on Monday at which he reignited taper worries. The commodity traded at $108.05 at 5:46 GMT as investors revised their taper estimates following Dudley's remarks. http://...
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Benzinga Market Primer: Thursday, May 9
Thursday, May 9, 2013 - 6:35am | 1027Futures Lower After New Record Highs U.S. equity futures traded lower in early pre-market trade after the S&P 500 made new record highs again Wednesday. However, strength in bonds and the yen could have been precursors to a pull-back, which many analysts would see as healthy at these levels....
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Benzinga Market Primer: Thursday, April 11
Thursday, April 11, 2013 - 6:26am | 1089Futures Rise With Global Shares U.S. equity futures rose in early trade Thursday as global shares gained on new stimulus rounds. Asian shares rallied and European shares gained for the third straight day as sovereign bond yields on peripheral nations declined. Top News In other news around the...
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Benzinga Market Primer: Wednesday, March 6
Wednesday, March 6, 2013 - 7:31am | 940Futures Higher on Global Services Data U.S. equity futures rose in the pre-market after the Dow Jones Industrial Average posted a new all time closing high and on the back of stronger than expected services PMIs around the world. Notably, the ISM Non-Manufacturing Index in the U.S. beat...
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Benzinga Market Primer: Tuesday, February 12
Tuesday, February 12, 2013 - 7:34am | 1007Futures Lower Following North Korean Nuclear Test U.S. equity futures declined in overnight trade as many Asian markets remained closed as North Korean tested its third atomic bomb in defiance of the U.N. South Korean authorities registered a 4.9 magnitude earthquake in its northern counterpart,...
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Benzinga Market Primer: Friday, January 11
Friday, January 11, 2013 - 7:34am | 726Futures Slip on Chinese Inflation Data U.S. equity futures were slightly lower in overnight trade as Chinese inflation data revealed that the PBOC may have less room to engineer a soft-landing than previously thought. Data showed that consumer inflation accelerated in the previous month, spooking...
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Benzinga Market Primer, Thursday October 11
Thursday, October 11, 2012 - 5:57am | 861U.S. equity futures rose in early Thursday trading as comments from the World Bank's President, Dr. Jim Young Kim, indicated that he believes that China will be very aggressive in trying to restore growth once the political transition has taken place within the first half of 2013. The comments from...
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Charles Plosser Comments on QE, US Economy
Thursday, March 29, 2012 - 2:24pm | 181Following an earlier speech, the Federal Reserve's Charles Plosser commented to reporters about the prospects for monetary policy and the US economy. Plosser stated that he was concerned that inflation was "drifting up." He stated that the European crisis has lead to a flight to treasuries and...