Stock Market Today: May 31, 2016
Wall Street will soon begin the final trading session of May, a month that was better than its reputation, even with a few nicks and scrapes along the way. As noted, it was a decent month, with the latest week even providing some added and welcome fireworks, especially on Tuesday and Wednesday, when the Dow Jones Industrial Average surged by almost 400 points on those respective sessions. The other three days were somewhat inconclusive, but basically sound. Read more
Stock Market Today: May 27, 2016
Equities opened nicely higher this morning, softened a bit around noon, but managed to press ahead nicely in the late afternoon. At the end of the session, the Dow Jones Industrial Average was ahead 45 points; the broader S&P 500 Index was higher by nine points; and the NASDAQ was up 32 points. In general, stocks made progress today, even as traders prepared for the extended holiday weekend. Read more
Stock Market Today: May 26, 2016
The U.S. stock market put in a somewhat weaker performance this morning, recovered a bit in the afternoon, but eased slightly in the final hour of the session. At the end of trading, the Dow Jones Industrial Average was off 23 points; while the broader S&P 500 Index was slightly lower; and the NASDAQ was up seven points. It was a largely mixed session, as advancers were just about even with decliners on the NYSE. From a sector perspective, the utility issues forged nicely ahead. The technology stocks also showed some leadership. However, the energy and materials names retreated today. Read more
Stock Market Today: May 25, 2016
The major U.S stock market indexes advanced decidedly today, extending yesterday’s gains amid apparently solidifying domestic economic prospects and reduced uncertainty on the global front. To wit, Greece appears on track to receive some sort of debt relief from the euro zone, with recent negotiations offering promise for a way forward. Elsewhere, investors have been weighing the effects of a possible upcoming interest-rate hike, particularly in light of solid recent economic data and comments from the latest Federal Open Market Committee meeting suggesting an increase could come as early as next month. Read more
Stock Market Today: May 24, 2016
The U.S. stock market opened nicely higher this morning, and managed to build on these early gains throughout the afternoon. At the end of the session, the Dow Jones Industrial Average was ahead 213 points; the broader S&P 500 Index was higher by 28 points; and the NASDAQ, which clearly displayed leadership, was up 95 points (a roughly 2% advance). Market breadth was overwhelmingly positive, as winners trounced losers on the NYSE by better than three to one. Read more
Stock Market Today: May 23, 2016
The U.S. stock market put in a directionless session today, as traders worried about the corporate outlook, an uneven economy, and potential action from the Federal Reserve. At the end of trading, the Dow Jones Industrial Average was down eight points; the broader S&P 500 Index was lower by four points; and the NASDAQ was off four points. Read more
Stock Market Today: May 20, 2016
Equities advanced nicely this morning, but surrendered a good chunk of these early gains in the late afternoon. At the end of the session, the Dow Jones Industrial Average, which had surged by over 135 points at one time during the day, settled up 66 points; the broader S&P 500 Index was higher by 12 points; and the NASDAQ, which managed to hold firm, was up 57 points. Read more
Stock Market Today: May 19, 2016
Stocks moved sharply lower this morning, but managed to pare their losses in the afternoon. At the close of the session, The Dow Jones Industrial Average was down 91 points; the broader S&P 500 Index was lower by eight points; and the technology-heavy NASDAQ was off 27 points. Most stocks surrendered some ground today, as losers decidedly led winners on the NYSE. From a sector perspective, the utilities traded higher, along with many of the basic materials and consumer names. However, the healthcare, industrial, and technology issues weighed down the market. Read more
Stock Market Today: May 18, 2016
The U.S. equity market, fresh off of a notable Monday/Tuesday reversal, was helped by some early bargain hunting. It then held those initial gains well into the second half of the trading day. The market then reversed course and fell into the red following the release of the minutes from the latest FOMC meeting, only to rebound again in the last few minutes of trading. Read more
Stock Market Today: May 17, 2016
Equities put in a modestly weaker performance this morning, before declining sharply in the afternoon. At the close of trading, The Dow Jones Industrial Average was lower by 181 points; the broader S&P 500 Index was down 19 points; and the technology-heavy NASDAQ was off 60 points. Read more
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