Market Update

Weaker Dollar, Oil at $62 to Drag Stocks Down

albena
30 Nov, -0001
New York City

Futures eased Wednesday morning, pointing to a lower opening as crude reached a new high and the euro climbed vs. the dollar. The Mortgage Bankers Association

Market Cheers Rosy Earnings and Economic News

albena
30 Nov, -0001
New York City

The falling oil prices and the upbeat economic readings helped U.S. stocks extend early gains Tuesday. Another round of better-than-expected earnings fueled the good sentiment. June factory orders rose 1% in line with expectations and followed an upwardly revised gain of 3.6% in May.

Upbeat Data and Falling Oil Support Stocks

albena
30 Nov, -0001
New York City

The falling oil prices and the upbeat economic readings helped U.S. stocks gain ground in early trading. Comcast posted better-than-expected earnings, Qwest

Market Cautious Though Crude Retreats

albena
30 Nov, -0001
New York City

Futures were up in early trading, pointing to a slightly higher opening Tuesday after crude oil prices retreated from record highs. Ahead of weekly inventory data crude-oil futures still hover around $61 a barrel, down around 1%. Investors will also focus on the June personal income and factory-order reports due today and on another round of earnings reports.

Robust Manufacturing But Stocks Decline

albena
30 Nov, -0001
New York City

Commerce Department reported residential and commercial construction spending for June dropped from the spending in May but grew at 8% from a year earlier. The ISM manufacturing survey indicated robust manufacturing activity across many industries. The 26 month manufacturing expansion continues at a healthy pace.

Slower Construction Spending+Sound Manufacturing

Elena
30 Nov, -0001
New York City

Commerce Department reported residential and commercial construction spending for June dropped from the spending in May but grew at 8% from a year earlier. The ISM manufacturing survey indicated robust manufacturing activity across many industries. The 26 month manufacturing expansion continues at a healthy pace.

Slower Construction and Robust Manufacturing

123jump.com Staff
30 Nov, -0001
New York City

Commerce Department reported residential and commercial construction spending for June dropped from the spending in May but grew at 8% from a year earlier. The ISM manufacturing survey indicated robust manufacturing activity for the 26th month.

Expected Rally Despite Oil at $61

albena
30 Nov, -0001
New York City

After most of the S&P 500 already reported their quarterly earnings, investors will have to shift their focus to oil prices and the economy releases. Other companies to report include Tyson Foods, Devon Energy, Entergy, Ivax and Unocal, HSBC and ABN Amro Bank.

Inflation Index Higher than Fed's Target

123jump.com Staff
30 Nov, -0001
New York City

The economic expansion continued in the 2Q as consumer and government spending kept unabated. While economy grew at a slower pace than the previous quarter, core inflation index is running at a higher level than the Fed

Slower GDP Lower Market

123jump.com Staff
30 Nov, -0001
New York City

Investments by businesses in equipment, government spending and rising exports was outweighed the inventory liquidation by businesses. The pace of business investment is likely pick up in the third quarter. Wendy

Economy Slows in the 2Q

Elena
30 Nov, -0001
New York City

Investments by businesses in equipment, government spending and rising exports was outweighed the inventory liquidation by businesses. The pace of business investment is likely pick up in the third quarter. Wendy

Stocks May Climb Ahead of GDP Report

albena
30 Nov, -0001
New York City

Futures are trading higher Friday ahead of economic data, seen as the main focus of the day. Consumer sentiment, Chicago manufacturing data and the report on 2Q GDP are scheduled for release. Investors are eager to see on whether broad Thursday's gains would lead to much follow-through buying Friday with U.S. commercial petroleum inventories still above normal levels.

Nasdaq and S&P at Four-year Highs

123jump.com Staff
30 Nov, -0001
New York City

Market made a steady climb. More than 400 companies released earnings including 20 S&P 500 companies. So far 71% of SP500 companies, 311 out of 500, have managed to deliver better-than-expected earnings. Market averages at 4-year high and S&P 500 likely to deliver better than 10% earnings. After the bell Whole Foods climbs 11%.

Market Gains on Positive Earnings

123jump.com Staff
30 Nov, -0001
New York City

Market

Broader Market Welcomes Rising Earnings

albena
30 Nov, -0001
New York City

Market