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Markets Sell-Off After Malaysian Airline Crash In Ukraine
Thursday, July 17, 2014 - 4:50pm | 3179U.S. stocks sold off after news reports began to surface that a Malaysian Airlines jet has crashed in Ukraine. While details have yet to be confirmed, a Ukraine minister claimed that the plane, which carried nearly 300 people, was shot down by rebels. Also not helping the market sentiment...
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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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Spring Thaw: Is The Housing Sector Ready To Move?
Tuesday, June 3, 2014 - 4:15pm | 453As winter's icy grip becomes a fading memory, is the housing sector ready to warm up? The homebuilder ETF (NYSE: XHB) may be giving a clue to that question. Given that housing starts for April were up over 13 percent month-over-month, and new permits hit their highest level in nearly six...
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Market Wrap For April 16: Markets Hold On To Gains On Positive Yellen Comments And Economic Data
Wednesday, April 16, 2014 - 4:50pm | 2676U.S. stocks held on to strong gains as U.S. industrial production rose more than projected. The Fed confirmed it will maintain a "friendly" policy that will support the economic recovery. According to Fed Chief Janet Yellen there are three main concerns the central bank is facing. Specifically...
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Experts Expect Real Estate Sector To Rebound Further
Tuesday, April 1, 2014 - 2:34pm | 399More signs that the real estate sector not only has a pulse, but may be reviving. A new survey of several dozen economists and industry analysts by the Urban Land Institute and EY suggests continued improvement in fundamentals for both U.S. commercial real estate, as well as the housing sector...
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Market Wrap For March 18: Markets Positive Despite Crimea Concerns
Tuesday, March 18, 2014 - 4:35pm | 2079U.S. stocks extended Monday's gains despite lingering concerns over Crimea. Russian President Vladimir Putin has authorized a draft treaty for Crimea to join Russia. U.S. economic data showed that housing starts in February remain healthy with modest gains. The Dow gained 0.55 percent,...
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ETF Outlook for Tuesday, March 18, 2014 (CARZ, XHB, IGV, GLD)
Tuesday, March 18, 2014 - 11:11am | 676ETF Outlook for Tuesday March 18, 2014 First Trust NASDAQ Global Auto ETF (NASDAQ: CARZ) The news of a massive General Motors (NYSE: GM) recall has sent the stock down over 10 percent in the last week, as more disturbing news continues to leak into the media. The stock is the seventh largest...
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Market Wrap For February 19: Stocks Close Lower, Nasdaq Ends Winning Streak
Wednesday, February 19, 2014 - 6:01pm | 2948U.S. stocks finished the day near session lows as investors found little reason to be bullish. Housing data came in poor and failed to rally the bulls. Several Fed members raised the idea of a rate hike but “participants agreed that, with the unemployment rate approaching 6.5 percent, it would...
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Market Wrap For January 17: Stocks Finish Week With Mixed Results
Friday, January 17, 2014 - 5:40pm | 2758Stocks traded mostly lower today as investors digested a new set of earnings that were disappointing. A mixed housing data and a consumer sentiment coming in lower than expected was enough to tame the bulls as major indices finished the day mixed. Markets will be closed on Monday for Martin...
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Market Wrap For December 18: Markets Surge Following the Fed's Taper Announcement
Wednesday, December 18, 2013 - 5:46pm | 2716After much anticipation and heavily speculation the Federal Reserve announced a $10 billion per month taper. Treasury purchases will be cut to $40 billion per month with MBS purchases cut to $35 billion per month. The Fed's move shouldn't come as a surprise as recent economic data and...
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Market Wrap For November 26: Nasdaq Closes Above 4,000 For First Time Since 2000
Tuesday, November 26, 2013 - 5:44pm | 1627Investors and traders certainly had their plates full Tuesday with a plethora of data releases sending the Dow to new record highs and the Nasdaq index closing above 4,000 after briefly breaching the mark on Monday. The markets gave back modest gains towards the end of the trading session and...
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Benzinga Market Primer Friday, August 16
Friday, August 16, 2013 - 6:48am | 971Futures Higher After Tapering Sell-Off U.S. equity futures rose in early Friday trade after a sell-off on Thursday driven by fears that the Federal Reserve will begin reeling in its asset purchases in September. Also, weak sales guidance from Cisco (NASDAQ: CSCO) and Wal-Mart (NYSE: WMT)...
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Benzinga Market Primer: Wednesday, July 17: Bernanke Is Back
Wednesday, July 17, 2013 - 6:30am | 1344Futures Lower Ahead of Bernanke Testimony In Congress U.S. equity futures fell in early pre-market trade following some mixed earnings yesterday ahead of Ben Bernanke's first of two days of testimony on Capitol Hill. Wednesday, he will speak to the House Financial Services Committee. For a full...
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Benzinga Market Primer: Tuesday, June 18
Tuesday, June 18, 2013 - 6:20am | 828Futures Edge Higher In Calm Before the Storm U.S. equity futures rose slightly in pre-market trade Tuesday as investors eagerly awaited the FOMC decision and statement Wednesday. Monday trading was a whip-saw marked by a steep sell-off over tapering fears. Top News In other news around the...
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Benzinga Market Primer: Thursday, May 16: J.C. Penney Earnings In Focus
Thursday, May 16, 2013 - 6:47am | 1043Futures Flat After Strong Japanese GDP U.S. equity futures traded just near unchanged in early pre-market trade following a stronger than expected GDP report from Japan. Japan reported first quarter GDP rose 3.5 percent on an annualized basis, better than the 2.7 percent expected growth rate....