European Debt The story for stocks continues to be pretty much the same that it has for some time now. Worries over the growing European sovereign debt issue have equities falling lower and lower, albeit on thin trading volume. Even with some better than expected economic news in the U.S., it wasn’t enough to convince investors to begin buying stocks, …
Another Rocky Week Sends Stocks Slightly Higher
Last week proved to be another volatile and emotionally driven one, as stocks continued to show signs of increased volatility. The latest worry was the country of Italy and its possibility of defaulting on its debt. The story in Italy is basically the same as the story in Greece, except that it’s much larger which means that it’s potentially far worse. …
Stocks Finished Lower as Markets Continue to Yo-Yo Around
Stocks Finished Lower Stocks finished lower on the last trading day of October, although the major indexes were still up sharply overall for the month of October. The earlier favorable economic news and the apparent progress on the Greek debt helped stocks have one of their best Octobers in several decades. The Dow was up 9.5 percent for the month …
Stocks Have Best Month in 25 Years
Stocks Surge Stocks surged this past week thanks to a new plan to resolve the European sovereign debt crisis, as well as data showing that our own U.S. economy expanded by some 2.5% in the third quarter, which is the fastest tally by far this year. Stocks have now surged some 17% since October 3 and are just a slight …
Stocks Climb for Third Consecutive Week
Stocks Climb As we moved into the heart of the third quarter earnings season, the majority of stocks headed northward as the earnings picture is apparently beginning to show signs of improvement. Although there were some disappointments, such as Apple’s first earnings ‘miss’ since 2003, as well as tepid results from IBM and eBay, the norm was better-than-expected tallies. One …
Stocks Advance as The Bulls Continue to Snort
Stocks Advance With the third quarter earnings season now underway, stocks took another opportunity to continue their upward ascent, which again was a welcome relief. Stocks advance thanks to some blowout earnings numbers from such tech stalwarts as Google, and the roll out of Apple’s newest iPhone, stocks jumped to their highest close since early August and pushed both the …
Reversal of Trends as Stocks Move Higher
Stocks Move Higher Stocks gain as apparent progress on resolving the European sovereign debt issues and improving economic data boosted equities this past week, and thankfully reversed the long running declines as of late. We had three-day winning streak which started on Tuesday thanks to some comments from Fed Chairman Ben Bernanke, but it was the big story in the Financial …
Good Riddance September, European Debt
Debt Burden Ongoing concerns over the financial state of the European Union, specifically the country of Greece, caused Wall Street to close out the week and the third quarter on a somber note. Whether it was the euro-zone sovereign debt problems, the possibility of another U.S. recession, a weak banking situation, a slowdown in China, or a crummy employment outlook, …
Economy Teeters as Global Stock Market Downturn
Worries that the U.S. economy may be slipping back into another recession along with continued fears of a possible Greek default, saw the U.S. equity markets experience their worst weekly decline since the fall of 2008. (Although the S&P 500 market have been this low in August already two times) Global investors dumped everything from stocks to corporate bonds to …
Markets Close Up with Five Straight Days of Gains
Just when you thought the equity world was about to fall apart, markets were greeted with five consecutive days of upswings during the second full week of trading in September. Worries that several countries in the European Central Bank region would default on their debt had caused stocks to begin the month with one of its worse performances on record. However, …