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Stocks Shrugging Off Geopolitical and Eurozone Concerns


        The domestic equity markets are trading higher in early action, with stocks showing some resiliency in the face of heightened geopolitical concerns as pro-democracy protests expand in Hong Kong, as well as eurozone growth economic uneasiness. Meanwhile, shares of eBay are rallying after the company announced plans to spin off its PayPal unit, while Walgreen Co matched the Street's quarterly expectations and Ford lowered its profit outlook for this year. Treasuries are trading lower on the gains in the equity markets, while a report showed U.S. housing … [Read more...]

Stocks Trying to Recover From Yesterday’s Drop


The U.S. equity markets are moving higher in early action, rebounding somewhat from yesterday's sell-off that came amid diverging global growth outlooks, which fostered mixed monetary policy speculation, along with resurfaced geopolitical concerns. Meanwhile, traders are digesting an inline upward revision to U.S. 2Q GDP, ahead of a read on consumer sentiment. Treasuries are lower after yesterday's rally that ensued amid the exacerbated global sentiment. However, the U.S. dollar is continuing to rally, with the yen and euro remaining under pressure. In equity news, Dow member Nike bested the … [Read more...]

Global Concerns Dragging Stocks Lower


    Coming off yesterday's rebound, the domestic equity markets are seeing heavy pressure in afternoon action on heightened global uneasiness. Fed rate hike concerns are flaring up in the wake of relatively upbeat U.S. economic data, while headlines out of Russia are exacerbating Ukraine sentiment amid the backdrop of amplified tensions in the Middle East. Meanwhile, European stocks reversed to the downside after Bank of England Governor Carney suggested rate increases in the region may be nearing, contrasting European Central Bank President Mario Draghi continuing to pledge full … [Read more...]

Equities Edging Higher Following Housing Reports


After seeing some downside pressure as of late, the domestic equity markets are ticking higher in late-morning action, aided by stronger-than-expected profits from housing goods retailer Bed Bath & Beyond, as well as a surge in U.S. new home sales. However, another disappointing eurozone economic report in the form of German business sentiment and caution as the U.S. and Middle Eastern allies are conducting airstrikes in Syria are keeping sentiment in check. Treasuries are mostly flat following the housing data, while a separate report showed domestic mortgage applications dropped. In … [Read more...]

Equities Pare Losses as Global Data Eyed

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        The domestic equity markets have pared early losses but remain modestly lower in late-morning action, amid cautious sentiment as the U.S. and Middle Eastern allies began airstrikes in Syria. Moreover, new regulations out of the U.S. aimed at cracking down on tax inversions created by trans-Atlantic mergers are hamstringing global M&A optimism. Meanwhile, traders are digesting some global economic reports, with Chinese manufacturing growth unexpectedly accelerating, teaming up with relatively upbeat domestic manufacturing data, while eurozone business … [Read more...]

Scots Stay in U.K.; Wall Street Debuts Biggest IPO Ever


      In the face of heavy trading volume, courtesy of quadruple witching day—the simultaneous expiration of stock and index options and futures contracts—the U.S. equity markets closed the session mixed as the Street debuted its largest IPO to date in the form of Chinese e-commerce company Alibaba Group Holding. Additionally, early morning sentiment may have found a boost from across the pond as Scotland voted to continue its union with the U.K. Treasuries were mostly higher as the lone release on the domestic docket revealed Leading Indicators rose less than … [Read more...]

Stocks Hoping for Considerable Time Above Flatline


        The U.S. equity markets remain solidly above the unchanged mark in afternoon action, amid calmed concerns about a sooner-than-expected Fed rate hike after its statement yesterday, which showed its "considerable time" language was maintained. Equities are rising, but non-stock markets continue to grapple with the Fed's increased interest rate projections, highlighted by yesterday's sharp drop in the yen. Elsewhere, a tumble in U.S. jobless claims is being met with a disappointing read on domestic housing construction and Treasuries are flat after yields … [Read more...]

Stocks Ticking Higher as Fed Decision Awaits


      The U.S. equity markets are moving modestly higher in early action, with traders treading cautiously ahead of this afternoon's release of the monetary policy decision by the Federal Reserve. Meanwhile, reports of further stimulus measures from China's central bank is lending some support, while the domestic economic calendar showed consumer price inflation came in cooler than expected and mortgage applications jumped last week. Treasuries are mostly higher following the data and ahead of the Fed's decision, while a read on U.S. homebuilder sentiment is due out after … [Read more...]

Equities Decline as Global Restraint Remains


        The domestic equity markets are moving modestly lower in early action, with global sentiment remaining handcuffed as the Federal Reserve is slated to begin its two-day monetary policy meeting later today, while speculation is lingering that the Central Bank may tweak its statement tomorrow. Moreover, conviction is being tempered as the Scottish independence vote looms on the week's horizon. Treasuries are slightly higher following an inline U.S. producer price inflation report, which is the lone release on today's economic docket. Meanwhile, the equity … [Read more...]

Stocks Flat as Street Awaits Global Decisions


      The domestic equity markets are nearly unchanged in early action, with caution ahead of Wednesday's Fed monetary policy decision and Thursday's Scottish independence vote keeping conviction hamstrung, along with some disappointing economic data out of China. Meanwhile, a jump to nearly a five-year high in New York manufacturing growth and a plethora of global M&A news are failing to stoke sentiment. Heineken rebuffed a takeover offer from SABMiller, while Cognizant Technology Solutions agreed to acquire TriZetto for $2.7 billion in cash and Danaher agreed to … [Read more...]