Service Stabilizes, Bright Bernanke, Stocks Down
Positive news that the service sector contracted less then expected in April combined with Bernanke’s bright and cheerful words on the economy were not adequate to stem a flow of good, old fashion profit taking on Tuesday.
Buffet Blesses Bank, Bulls Rule, Real Estate Rockets
Stock bulls ruled the market today as the S&P 500 broke the critical 900 barrier for the first time since January. Positive news from the real estate front and a Goldman Sach’s upgrade on the financial sector powered the upward surge.
Obama Rips Hedge Funds, Spending Slumps, Stocks Mixed
News of a slump in Consumer Spending was counteracted by a soaring Purchasing Managers Index leading to a confused mixed stock market for month end.
Chrysler’s Italian Savior, Fed Optimistic, DreamWorks Explodes Higher
Stocks surged higher today after the Fed left interest rates unchanged and provided a slightly more upbeat commentary on the state of the economy.
Confidence Surges, Stress Test Stressed, Stocks Down
Swine flu fears stills grips the market. U.S. stocks also saw further stress as bank CEO’s questioned the validity of the Federal bank stress test triggering selling across the banking sector.
Wall Street Swine, Biotech Boom, GM Retools
Fears of a swine flu pandemic swept across the market depressing prices and sending stocks lower into the close, despite positive news on several fronts.
Stocks Roar Alive, American Express Optimistic, Microsoft Surprises
Stocks closed in the green, putting an end a chaotic week. Earnings from Ford and American Express stating it plans to repay the government bailout funds added to the strong rally across the board.
Stocks Rally, Credit Card Reform, Apple Surprises
Stocks staged a late day rally closing solidly in positive territory. The computer maker Apple solidly beat analysts second quarter estimates.
Market Mixed, Morgan Stanley Misses, Economy Sinks
Morgan Stanley firmly missing earning forecasts led the financial sector lower as stocks sold off hard near the close on Wednesday.
Banks Battle Back, Stocks Surge, Geithner Optimistic
Optimistic words from Timothy Geithner and further good news from the automakers triggered a strong rally in the financial sector as bank stocks battled back from yesterday’s losses.
Volatility Surges, Financials Fall, Sun Sold
After six straight weeks of gains, stocks tumbled on Monday as health of financial sector weighs on market. Dow close down about 290 points and the VIX surged over 15%.
Barbie Doll Breakout, Confidence Climbs, Hedgie Fisher Optimistic
Stocks climbed to their 6th straight weekly gain as the Consumer Confidence figures climbed and stronger than expected bank earnings triggered buying. Mattel posted an 18% sales gain in the 1st quarter resulting in shares breaking out 15.20%.