Energy stocks and Materials stocks are paring their gains after pushing higher in the opening minutes of trade; the two sectors now trade with gains of 0.4% and 0.3%, respectively. Their reversal coincides with accelerated selling in oil, which now...
Stocks have rolled over to trade with sizable losses. The drop is due to disappointment over the latest dose of data. The Philadelphia Fed Index fell in May to -5.8 from 8.5 in the prior month. It had been widely...
Stocks recently pushed up to new morning highs. The move correlated with an uptick by the euro, which is now back in positive territory with a 0.1% gain against the greenback. Energy stocks have come to life after descending to...
Stocks have made a modest move higher in recent trade, but overall action remains mixed. That has kept the broad market near the neutral line. Separately, business inventory data for March were just released. Overall inventories increased by 0.3%, which...
Stocks appear to have stabilized from their opening slide. The action has kept the S&P 500 near the 1340 line, although the broad market measure did slip a couple of points below that mark to register a new multi-month low....
The preliminary Consumer Sentiment Survey for May from the University of Michigan came in at 77.8, which is up from the reading of 76.4 in the prior month, and better than the reading of 76.0 that had been expected, on...
The major averages trade at session highs as the early advance is paced by a 0.8% gain in the S&P 500. Menawhile, the Dow and Nasdaq lag behind with respective gains of 0.7% and 0.4%. Cisco Systems (CSCO...
The broad market recently re-tested its session low, but the line held. Stocks are now starting to squeeze higher. Still, sizable losses remain. The latest Wholesale Inventory report indicated that inventories increased by 0.3% in March. That’s only half of...
Stocks recently attempted to trim their opening losses, but renewed selling pressure has instead sent the major equity averages back to their initial lows. Tech stocks are adding to the early drag. The largest sector by market weight is currently...
Stocks have pushed up from their openinging lows, but the move has stalled with the Nasdaq and S&P 500 at the neutral line, while the Dow contends with a narrow loss. Financials are showing considerable strength in the early going....
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