The stock market got off to a weak start this morning, but managed to selectively firm up as the session progressed. At the close of trading, the Dow Jones Industrial Average was ahead 124 points; the broader S&P 500 Index was up six points; while the technology-heavy NASDAQ was lower by 11 points. Market breadth showed a mixed situation, as advancing issues slightly outpaced decliners on the NYSE. Many equity groups managed to make progress today, led higher by the healthcare, utility, and basic materials issues. In contrast, the technology stocks and selective consumer names retreated.
The market started
. It looked ready to continue yesterday’s decline
, following disappointing earnings results
from a few retailers. However, stocks bounced back
after the first hour of trading
, largely on an improved trade outlook
. Indeed, a report stated that the U.S. and China are working harder to come to a truce at the G20 meeting at the end of this month. The Dow Jones Industrial Average rose steadily on these reports, climbing by as many as 275 points by mid-afternoon. The S&P 500 and NASDAQ also followed suit, with the latter outperforming due to the strong performance of technology stocks. All told, the Dow rose around 0.8%, 209 points, on the day.
The stock market opened higher
today, as good economic news
and strong earnings releases
were recorded. However, the broader markets enjoyed
these early gains for only a short time
, as equity prices fell throughout
the majority of the day
, reaching its nadir in the early afternoon. The Dow Jones Industrial Average fell by as many as 350 points at its lowest point, while the S&P 500 and NASDAQ traded lower in tandem. In addition, Dow component Apple
briefly entered bear-market territory
. However, after 2:00 pm (EDT), the trading became choppy
and the declines reversed course a bit. All told, the Dow ended down 206 points, or 0.8%
After taking a beating on Monday, stocks started today’s session slightly to the upside
. However, the move was short-lived as trading soon became choppy
, and the major U.S. indexes then succumbed to a modest afternoon selloff.
Stocks opened lower this morning, and weakened further as the session progressed. Ultimately, the bulls and bargain hunters remained on the sidelines, making it difficult for the major averages to rebound. At the close of the session, the Dow Jones Industrial Average was down 602 points; the broader S&P 500 Index was off 55 points; and the technology-heavy NASDAQ was lower by 206 points (nearly a 3% drop).
took a breather
from their post-election rally
the week lower
on Friday. At the close, the Dow Jones Industrial Average was off 202 points; the NASDAQ slumped 124 points; and the S&P 500 gave back 26 points. The broader market followed suit, with about two stocks declining for every one advancing on the New York Stock Exchange. More stocks hit 52-week lows than highs.
Early trading was mixed
today, as participants waited for the results
of the Federal Reserve’s FOMC meeting
. The indices fell
on the statement release
, before quickly rebounding to their prior levels
in the next few minutes. As the day progressed, the broader markets resumed their decline and hit fresh daily lows for a brief spell. Overall, the Dow Jones Industrial Average ended nominally higher
, while the NASDAQ fell 0.5%.
The stock market
opened nicely higher this morning, and managed to advance strongly through the afternoon
. Wall Street seemed relatively pleased with the results of the mid-term elections, which largely unfolded as expected. The stock market generally does not like uncertainty, and today’s rally would seem to suggest that traders are feeling more confident about the political landscape
The stock market
started the trading day moving higher
, as a slew of decent earnings reports
were recorded before the opening bell. The Dow Jones Industrial Average rose by more than 150 points at midday, while the S&P 500 gained 15 points. The indices fell near 1pm, as traders pared their holdings ahead of midterm election results.
The stock market
headed into the new week on Wall Street
with a mixed
, but somewhat constructive, showing
. Specifically, the Dow Jones Industrial Average advanced
roughly 191 points today
. The broader S&P 500 Index moved up 15 points
. However, the technology-heavy NASDAQ lost 28 points