experienced some modest selling pressure throughout Friday
, as a generally positive earnings season struggled to offset mounting geopolitical fears. Most recently, the United States postponement (at a minimum) of its summit with North Korea, uncertainty
surrounding its trade relationship with China, and budding tensions with Iran have weighed on investor sentiment.
The stock market lost considerable ground
, but managed to pare its losses in the afternoon
. Some of the weakness earlier in the day had to do with the Presidential Administration’s decision to cancel its planned June summit with North Korea. At the close of trading
, the major averages were still in negative territory
. The Dow Jones Industrial Average was down 75 points; the broader S&P 500 Index was off nearly six points, and the technology-heavy NASDAQ was lower by one point.
Stocks finished Wednesday on a firmer note than they began the day
with following a dovish interpretation
of the minutes of the Federal Reserve’s latest meeting
After a strong open that appeared to presage another running of the bulls, the major U.S. indexes spent most of Tuesday trading in mixed fashion
before shedding value as the final bell neared. With earnings season winding down, traders juggled divergent geopolitical developments between the United States, China, and North Korea
The stock market opened higher this morning
, and selectively managed to hold onto its gains throughout the afternoon
. At the close of trading, the Dow Jones Industrial Average was ahead roughly 298 points; the broader S&P 500 Index was up 20 points, and the technology-heavy NASDAQ was higher by 40 points. Market breadth was favorable, with advancers nicely ahead of decliners on the NYSE.
The U.S. equity markets started the last session of the week in mixed fashion, and trading remained aimless throughout the day. The lack of direction was largely attributed to conflicting signals over the status of trade talks between the U.S. and China. Meanwhile, the fact that 10-year Treasury yields are near a seven-year peak at 3.07% has likely prompted some investors to reduce their exposure to relatively pricey stocks.
The stock market managed to stage an advance
early this morning
, but the gains quickly evaporated
as the session progressed. In addition to digesting the latest batch of corporate earnings reports
worried that trade negotiations with China
may not end constructively. At the close of the day, the Dow Jones Industrial Average was down 55 points; the broader S&P 500 Index was off two points, and the NASDAQ was lower by almost 16 points.
The major market equities resumed their strong May for most of Wednesday
, following yesterday’s broad-based pullback. And while 10-year note yields rose again today, likely contributing to the paring of gains in the home stretch, traders were encouraged enough by a slate of strong earnings reports
to look beyond the same development that drove the major indexes lower on Tuesday. While the Russell 2000 was the best-performing composite, the large-cap averages registered full-day gains, as well, with the NASDAQ leading the way.
Following yesterday’s mixed session
, the major market averages
spent Tuesday in negative territory
. Elevated interest rates
and a disappointing
from a Dow component Home Depot
(HD) emboldened sellers
from the start, with the bulls showing few signs of a resurgence as the closing bell approached.
The stock market
moved nicely higher this morning, but eased somewhat as the session progressed. At the close of trading
, the major averages managed to remain in positive territory
. Specifically, the Dow Jones Industrial Average was ahead 68 points; the broader S&P 500 Index was up two points, and the NASDAQ was higher by eight points.