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Market Wrap For April 24: Apple's Smashing Earnings Overshadowed By Ukraine Concerns
Thursday, April 24, 2014 - 4:41pm | 3104U.S. stocks inched higher as Apple's strong earnings reported on Wednesday proved to be not enough to ease fears over an escalating tension between Russia and Ukraine. Reports surfaced of escalated troop movements in Ukraine while Russia began military drills near the Ukraine border. After...
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Market Wrap For March 26: Markets Close Near Session Lows In Yet Another Volatile Trading Session
Wednesday, March 26, 2014 - 4:46pm | 2082U.S. stocks failed to rise in a choppy session which began the day in positive territory. Shares reversed and turned negative with technology stocks leading the way. The CBOE Volatility Index, also known as the "fear index" rose 3.9 percent to 14.57 despite economic data released today coming...
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Market Wrap For February 27: Yellen Talks Pushes Markets Higher
Thursday, February 27, 2014 - 5:47pm | 2887U.S. stocks rose after Federal Reserve boss Janet Yellen appeared in the hot-seat today speaking to the Committee on Financial Services and U.S. House of Representatives. Yellen said that it is too soon to determine the extent of which cold weather played a role in a recent batch of poor economic...
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Market Wrap For December 24: Markets Higher on Strong Durable Goods Data
Tuesday, December 24, 2013 - 2:25pm | 1026Major indices moderately gained on Tuesday's shortened trading session which came in higher than expected. The strong durable goods data is yet another economic data set that confirms the economy is improving. The Fed's decision to begin tapering its $85 billion monthly bond-buying program was...
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Durable Goods Orders Higher Than Forecasted
Tuesday, December 24, 2013 - 12:58pm | 235Bookings for goods meant to last at least three years rose 3.5 percent, according to the Commerce Department's report on December 24. The median estimate called for a 2 percent advance. The positive November bookings compares to a 0.7 percent drop in the prior month. Non-military bookings...
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Benzinga Market Primer: Tuesday, June 25: Housing In Focus
Tuesday, June 25, 2013 - 6:23am | 1093Futures Bounce On Renewed Stimulus Hopes U.S. equity futures rose in early pre-market trade on renewed hopes of monetary stimulus in the U.S. as two Fed Presidents reiterated that tapering does not equal a switch to tight monetary policy. Minnesota Fed President Naryana Kocherlakota issued an...
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Weekly Preview: Economic Data Takes Center Stage In Earnings Lull
Friday, June 21, 2013 - 4:02pm | 2294Next week, key economic data points will be the focus of markets as the end of quarter earnings lull comes to an end. However, a few key earnings reports are expected and could also move markets. Key Earnings Earnings from key companies next week including Lennar (NYSE: LEN), General Mills (NYSE:...
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Durable Goods Orders Plunge 5.7% as Sequestration Kicks In
Wednesday, April 24, 2013 - 9:55am | 529The effects of the sequestration are starting to be felt, with the Durable Goods report from the U.S. Census Bureau at the Department of Commerce reporting that new orders for manufactured durable goods in March decreased $13.1 billion, or 5.7 percent, to $216.3 billion. This decrease, down two...
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Benzinga Market Primer: Wednesday, April 24
Wednesday, April 24, 2013 - 6:31am | 1339Futures Higher on Global Stimulus Hopes U.S. equity futures rose in pre-market trade as investors became increasingly hopeful of more global easing following weaker than expected economic data around the world. Also, Goldman Sachs upgraded global equities to overweight from neutral overnight,...
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Weekly Preview: Earnings Season Continues, Apple In Focus
Friday, April 19, 2013 - 4:38pm | 2911Next week, earnings season continues as investors eye key earnings from technology behemoths Apple (NASDAQ: AAPL) and chip maker Texas Instruments (NASDAQ: TXN). Texas Instruments' earnings and guidance is considered a key indicator for the semiconductor, and the broader technology industry by...
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Benzinga Market Primer: Tuesday, March 26
Tuesday, March 26, 2013 - 6:19am | 829Futures Slightly Higher Despite Euro Fears U.S. equity futures were slightly higher in early pre-market trade despite fears emanating from the eurozone over a new bailout template laid out by Cyprus. Comments from Eurogroup Finance Minister Jeroen Dijsselbloem sent markets lower Monday after he...
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Benzinga Market Primer: Monday, January 28
Monday, January 28, 2013 - 7:46am | 806Futures Flat on Global Weakness U.S. equity futures were flat in pre-market trade Monday as weakness in European share spilled over into futures markets in the U.S. However, the moves come in spite of a rally in financials in Italy as Banco Monte Dei Paschi di Sienna had its capital plan approved...
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Durable Goods Soar, Futures Cut Losses
Wednesday, August 24, 2011 - 8:33am | 77Durable goods were just released, and this was a massive beat, on both the top line, and excluding transportations. July durable goods came in at 4% versus estimates of 1.9%. Last month was revised to -1.3%, up from -2.1%. Excluding transports, durable goods rose 0.7%, versus estimates of a drop...
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How To Trade The Apocalypse
Wednesday, July 27, 2011 - 12:21pm | 561We saw weaker than expected durable good orders for June this morning, renewed concerns over the debt ceiling here in the United States, problems in Europe and everything else imaginable. In other words, it's just a typical Wednesday in the equity markets it seems. June durable goods came in at -...
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Better Economic Numbers Lead To Stronger Equity Futures
Friday, June 24, 2011 - 8:35am | 106A nice change of pace this morning, as economic numbers came in generally better than expected, led by the final revision to first quarter GDP and May durable goods. The final revision to first quarter GDP came in at 1.9%, versus estimates of 1.8%. May durable goods came in at 1.9%, versus...