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Earnings Helping Stocks Move Higher


  The U.S. equity markets are extending yesterday's modest gains, ahead of a read on domestic existing home sales, while the Street is digesting upbeat earnings reports from Apple, and Dow members United Technologies and Travelers Companies. Meanwhile, European stocks are gaining ground on some favorable earnings reports in the region and speculation of European Central Bank bond purchases. However, other earnings from the Dow were mixed, with McDonald's missing analysts' same-store sales expectations, Coca-Cola posting softer-than-expected revenues, and Verizon Communications' … [Read more...]

Stocks Beginning the Week Mixed


        The U.S. equity markets are mixed in early action, following Friday's solid rebound to cap off a volatile week, with earnings season ramping up, while the domestic economic docket is quiet today. Dow member IBM is finding solid pressure after the company posted much softer-than-expected 3Q results. Meanwhile, overseas, European stocks are broadly lower in the wake of a lowered full-year profit forecast from Germany's SAP, while Royal Philips missed analysts' quarterly expectations. Gold is trading higher, along with Treasuries, while the U.S. dollar is … [Read more...]

Stocks Pointing to an Early Rebound


      The U.S. equity markets are moving nicely higher in early action as a report showing domestic housing starts topped expectations and a sharp rebound in Greece are helping provide some relief to global sentiment, which has been rattled as of late by a plethora of global uncertainty. Moreover, the U.S. earnings calendar is in focus, with Dow member General Electric slightly beating the Street's earnings expectations and Morgan Stanley besting analysts' quarterly projections, while Google missed with its bottomline results. Treasuries are moving lower on the rebound … [Read more...]

Stocks Overcome Early Pressure

      The U.S. equity markets are trading modestly higher in afternoon action, with traders assessing the recent downside volatility that has come from exacerbated global growth concerns, resurfaced eurozone debt worries, elevated geopolitical tensions, and heightened Ebola fears. Meanwhile, comments to Bloomberg from St. Louis Fed President and non-FOMC voting member James Bullard suggesting the Central Bank should consider delaying the end of its asset purchases appeared to help stocks overcome their early sell-off. Elsewhere, U.S. jobless claims dropped and Dow member … [Read more...]

Global Rout Remains

Global Economic Worries2

      Although off the worst levels of the day, U.S. and European stocks remain solidly lower, as already skittish global growth concerns were exacerbated by a plethora of softer-than-expected domestic data, and a rally in Treasuries is ensuing and the U.S. dollar is seeing pressure. Retail sales surprisingly declined, producer prices unexpectedly dipped, regional manufacturing activity decelerated much more than anticipated, and business inventories missed expectations. The data comes ahead of an afternoon look at business activity across the nation, courtesy of the … [Read more...]

Modest Resiliency Amid Festering Growth Worries

Rally Rolls On

    Coming off yesterday's solid declines that came amid festering global growth concerns, the domestic equity markets are moving higher in late-morning action, despite continued losses for energy stocks as oil prices remain under pressure. Stocks are showing some relative resiliency in the face of another string of disappointing eurozone economic data, which has fueled the global uneasiness and led the recent downside volatility for equities. Meanwhile, traders are digesting a plethora of U.S. earnings reports, with Citigroup and Dow member Johnson & Johnson both topping … [Read more...]

Equities Mixed as Global Concerns Continue

Wall Street

      The domestic equity markets are mixed in early action of the final session of a volatile week that has seen a rally sandwiched between two sharp drops. Energy stocks have led the week's downside volatility amid a continued drop in oil prices as global growth concerns weigh on sentiment, exacerbated by another dose of disappointing eurozone economic data. Treasuries are mixed, following a report that showed U.S. import prices declined by a slightly smaller amount that anticipated. Elsewhere, gold and crude oil prices are lower, while the U.S. dollar is higher. In … [Read more...]

Stocks Pulling Back After Yesterday’s Fed-Fueled Rally


      The U.S. equity markets are moving lower in early action, with European stocks mixed as a disappointing trade report out of Germany is exacerbating eurozone economic concerns and preserving global growth uneasiness. Stocks are pulling back from yesterday's rally that came amid eased rate hike concerns as the Federal Reserve's September meeting minutes struck a more dovish tone than some had anticipated, noting that global growth risks could be amplified by the continued rally in the U.S. dollar. Treasuries are moving slightly higher on the eased rate hike worries, … [Read more...]

Stocks Modestly Higher Following Yesterday’s Drop


      The domestic equity markets are moving modestly to the upside in early action, rebounding slightly from yesterday's sell-off that came as the IMF downgraded its global growth forecast and Germany posted a solid drop in industrial production to exacerbate eurozone sentiment. Meanwhile, the Street is awaiting the beginning of U.S. 3Q earnings season, which unofficially kicks off after the closing bell with Alcoa's report, while the Federal Reserve is set to deliver its minutes from its September policy meeting this afternoon. Treasuries are slightly lower and crude … [Read more...]

No Respite for the Bulls


      Continued global growth concerns remained in focus on the Street, pressuring stocks to close below the flatline for the sixth time in seven trading sessions. A disappointing read on German industrial production exacerbated worries of an impending recession in the region, while the International Monetary Fund lowered its global growth forecast, adding further fuel to the fire. Moreover, tomorrow's unofficial start to 3Q earnings season and the release of the minutes from the Federal Reserve's September meeting may have also added a measure of caution. Treasuries … [Read more...]