Domestic equities more than made up for yesterdays sell off, concluding the week higher, following news that consumer sentiment rose to the highest level in six years and a stronger-than-expected leading indicators report. Treasuries saw pressure on the heels of the strong economic data. In equity news, Dell Inc missed analysts' earnings expectations, J.C. Penney Co. Inc posted a wider-than-expected loss, and Autodesk Inc's quarterly results came up short of the Street's forecasts. Elsewhere, both crude oil and the US dollar traded higher, while gold fell for a seventh straight … [Read more...]

  After snapping a record-high streak yesterday on some disappointing data and a flare-up in uncertainty regarding the Federal Reserve's exit plan, the domestic equity markets are moving modestly higher in early action, ahead of reports on consumer sentiment and leading indicators. Treasuries are flat ahead of the data. In equity news, Dell Inc missed analysts' earnings expectations, J.C. Penney Co. Inc posted a wider-than-expected loss, and Autodesk Inc's quarterly results came up short of the Street's forecasts. Overseas, Chinese stocks lead Asian markets higher on strength in … [Read more...]

    After trading in a narrow range through out the day, US equities finished marginally lower, snapping a string of record-high closes, with stocks seeing pressure following lackluster global economic data as well as disappointing earnings from Dow member Wal-Mart. In other earnings news, Dow component Cisco Systems Inc reported better-than-expected quarterly profits, while Kohl’s Corp released earnings that also surpassed the Street’s profit forecasts. Treasuries rallied higher following disappointing jobs data, an unexpected contraction in regional manufacturing and a mixed read … [Read more...]

      The US equity markets are seeing some pressure in early action in the wake of mixed earnings reports from the Dow and diverging signals from the global economic calendar. Dow member Wal-Mart Stores Inc missed analysts' quarterly expectations and issued disappointing EPS guidance, while fellow Dow component Cisco Systems Inc topped the Street's profit forecasts and offered upbeat revenue guidance. Treasuries are higher following a larger-than-expected rise in jobless claims, a mixed read on housing starts and building permits, and another benign inflation report, ahead of … [Read more...]

    The major domestic equity markets were able to continue their recent rally and finish the trading session higher, despite disappointing US industrial production and regional manufacturing reports and as early-day momentum was momentarily deflated. Treasuries were higher following the larger-than-expected decline in manufacturing data and another tame read on wholesale price inflation. In other economic news, domestic mortgage applications fell, while homebuilder sentiment improved more than expected. On the equity front, Deere & Co topped the Street's quarterly … [Read more...]