Stock Market Today: August 17, 2017
Following a strong trading session on Monday and some backtracking on Tuesday, the bulls began trading yesterday with a new head of steam, as the leading averages all moved out to impressive early gains. On point, after we had passed the first half hour of market action, the Dow Jones Industrial Average had rung up a gain of some 70 points. Modest rallies also were under way on the S&P 500 and the NASDAQ. Also, yesterday, unlike Tuesday, the S&P Mid-Cap 400 and the small-cap Russell 2000 were comfortably in the black, as well. Read more
Stock Market Today: August 16, 2017
Equities are making moderate progress today. At just past noon in New York, the Dow Jones Industrial Average is up 75 points; the broader S&P 500 Index is ahead eight points; and the NASDAQ is higher by 31 points. Market breadth is favorable, with advancing stocks outpacing decliners by a healthy margin on the NYSE. Most of the major stock groups are well in positive territory, with gains in the technology and basic materials issues. In contrast, the energy names are lagging. Read more
Stock Market Today: August 15, 2017
The U.S. equity markets started off the day with a modest uptick, but trading was mixed, at best, throughout the session. On the economic front, today’s news was largely favorable. Notably, retail sales for July were up 0.6%, which was better than consensus estimates and the best showing this year. Read more
Stock Market Today: August 14, 2017
The bulls bounced back on Monday, with small- and large-cap issues registering gains across the board. Breadth favored advancing stocks by a roughly three-to-one ratio, with financials, industrials, and technology sectors being particularly responsible for the uptick. Traders took advantage of reduced entry levels following last week’s skittishness, which saw each of the major indexes dropping during one the weakest weeks of trading in 2017. Read more
Stock Market Today: August 11, 2017
The major stock market averages edged higher to end trading for the first full week of August. At the close, the Dow Jones Industrial Average rose 14 points, but finished under the 22,000 level first breached a week earlier. Meanwhile, the NASDAQ outshined the Dow on a percentage basis, climbing 40 points despite a poor day from one of its star performers over the past year, Nvidia (NVDA). Read more
Stock Market Today: August 10, 2017
Stocks were down across the board on Thursday, as geopolitical tensions between the United States and North Korea weighed heavily on investors’ minds. Large- and small-cap alike traded lower throughout the day, while only the utility sector managed to ring in the closing bell in positive territory. Averages among the major indexes struggled throughout the day, continuing the downward trend that began late on Tuesday afternoon, when President Trump’s comments spurred a wave of speculation regarding the country’s foreign policy. Read more
Stock Market Today: August 9, 2017
The U.S. stock market registered a broad-based decline on Wednesday, largely due to heightened tensions between the United States and North Korea, as well as a stream of disappointing earnings reports from Corporate America. With about 30 minutes left in yesterday’s session, President Trump made remarks to reporters that indicated the country may take a more bellicose posture when it comes to the foreign nation, sending the major averages to negative territory and offsetting the fundamentals that appeared to support another multiday running of the bulls. Read more
Stock Market Today: August 8, 2017
After a mid-morning rally drove the major indexes into positive territory, the averages shed their gains as the afternoon progressed. The Dow Jones Industrial Average and S&P 500 each recorded new intraday trading highs, the eleventh-consecutive such session for the former, before falling below their respective breakeven lines. Read more
Stock Market Today: August 7, 2017
The major U.S. equity indexes rose on Monday afternoon, building on the tentative optimism that characterized morning trading. Residual bullishness from Friday’s positive jobs report, as well as sustained outperformance from Corporate America as it reveals second-quarter earnings performance, were the two main factors driving averages higher today. Read more
Stock Market Today: August 4, 2017
Stocks closed the week on an upbeat note, supported by favorable news on earnings and the economy. At the close, the Dow Jones Industrial Average was up 67 points; the NASDAQ gained 11 points; and the S&P 500 tacked on five points. For good measure, the small-cap Russell 2000 rose seven points. Market breadth attested to the favorable sentiment, with gainers moderately outnumbering declining issues on both the New York Stock Exchange and the NASDAQ. Read more
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