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Stocks Declining After String of Gains

Dow Continues To Soar To Record Levels

Coming off a fourth-straight session of gains, the domestic equity markets are trading lower in late-morning action. Stocks are pulling back slightly from yesterday's rally that came from the announcement by the European Central Bank (ECB) to expand its stimulus measures to include the purchase of government bonds. Meanwhile, the U.S. economic calendar offered some mixed data, with existing home sales and the Leading Index rising, while manufacturing growth unexpectedly decelerated. Elsewhere, Asian stocks finished broadly to the upside and European equities are mostly higher as the ECB's … [Read more...]

Stocks Declining After String of Gains

Downgrade

Coming off a fourth-straight session of gains, the domestic equity markets are trading lower in late-morning action. Stocks are pulling back slightly from yesterday's rally that came from the announcement by the European Central Bank (ECB) to expand its stimulus measures to include the purchase of government bonds. Meanwhile, the U.S. economic calendar offered some mixed data, with existing home sales and the Leading Index rising, while manufacturing growth unexpectedly decelerated. Elsewhere, Asian stocks finished broadly to the upside and European equities are mostly higher as the ECB's … [Read more...]

Stocks Declining Ahead of Policy Decision in Europe

Dowtech_down

The domestic equity markets are trading lower in early action, despite some gains for oil prices, coming off a resilient session yesterday though traders may be treading lightly ahead of tomorrow's highly anticipated monetary policy decision from the European Central Bank (ECB). The ECB is expected to deploy expanded asset purchases to include government bonds. Meanwhile, earnings reports are ramping up, with Dow member IBM topping the Street's profit forecasts but missing on revenues and offering a disappointing outlook. In other earnings news, Netflix exceeded analysts' profit projections as … [Read more...]

Stocks Seeing Red as Global Mood Worsens on Data

Stocks Seeing Red1

The U.S. equity markets are trading lower in late-morning action on the heels of a disappointing domestic December retail sales report. The global mood was dampened by the recent drops in crude oil and copperprices, which are weighing on commodity-related stocks, while sentiment is being exacerbated by a lowered global growth forecast from the World Bank. Financials are being hamstrung by Dow member JPMorgan Chase & Co's disappointing earnings report due to a larger-than-expected legal expense. Treasuries are rallying amid the soured global sentiment, while gold is higher, crude oil prices … [Read more...]

Stocks Showing Resiliency in Face of Continued Oil Drop

stocks-up5

The domestic equity markets are trading higher in early action, gaining ground despite the continued pressure on crude oil prices, which has weighed on the markets as of late and led yesterday's declines. Meanwhile, sentiment may be getting a boost from an upbeat read on China's trade activity and Alcoa's stronger-than-expected quarterly results, which unofficially kicked off 4Q earnings season. Meanwhile, Treasuries are trading higher despite the gains for stocks, while a report showed small business optimism improved. In other equity news, MetLife announced that it will file an action in … [Read more...]

Modest Gains to Kick Off Heavy Data Week

databig

The domestic equity markets are slightly higher in early action, ahead of some key U.S. data this week as retail sales and inflation releases are headlining the economic docket, while Alcoa's profit report after the closing bell is set to unofficially kick off 4Q earnings season. Meanwhile, M&A news in the healthcare sector is prominent in morning trading. Ireland's Shire PLC agreed to acquire New Jersey-based NPS Pharmaceuticals for over $5 billion, and Roche Holding reported plans to pay more than $1 billion to acquire a majority stake in the U.S.-based Foundation Medicine. In other … [Read more...]

To Equity Traders Dismay, Jobs Report Showed Dip in Pay

Stocks_Sliding

The U.S. equity markets closed the trading session solidly lower, with volatility seemingly the theme for the week as the Dow registered its fifth triple-digit move in as many days. The decline for stocks arose despite the December non-farm payrolls report showing more jobs were created the previous month than expected as investors seemed to be a bit wary of the evident lack in wage growth displayed in the data. Treasuries were higher following the decline in stocks, while the domestic economic calendar also showed that wholesale inventories increased more than expected in November. In equity … [Read more...]

Bulls Cheer Biggest Stock Gains of the New Year

bull_up

The U.S. equity markets rallied for a second-straight session, showcasing their best performance of the New Year following yesterday's release of the Federal Reserve's December meeting minutes which combined with some optimism surrounding possible stimulus measures overseas may have helped boost sentiment. Treasuries were mostly lower on the gains for stocks, while the domestic docket revealed a smaller-than-expected decline in domestic jobless claims and consumer credit expanded at a less-than-anticipated amount. The weekly economic calendar will culminate with tomorrow's release of the … [Read more...]

Equities Higher as Oil’s Sell-Off Pauses

stock-trading1

The U.S. equity markets are trading higher in afternoon action, with some relative stability in crude oil prices helping the energy sector and stocks rebound from a recent string of losses, ahead of the release of the Federal Reserve's December meeting minutes. Moreover, sentiment is getting a boost from favorable reports on U.S. private sector payroll growth and the trade deficit, while European equities rebounded on European Central Bank stimulus hopes following a disappointing read on eurozone inflation. Treasuries are mixed after their recent rally amid the heightened downside volatility … [Read more...]

Bulls Trying to Regain Composure

BullsLose Appetite

Coming off a sharp global sell-off yesterday on concerns about the persistent drop in crude oil prices and political uncertainty in Greece, the U.S. equity markets are modestly higher in early action, ahead of key reports on domestic services sector activity. Meanwhile, crude oil prices are resuming their downside move, with WTI crude oil trading at a sub-$50 per barrel mark. Treasuries are higher on the heels of the downside pressure on stocks, along with gold prices and the U.S. dollar. In equity news, Coach reached an agreement to acquire luxury footwear maker Stuart Weitzman, AutoNation … [Read more...]