US Equity Market Trading Report
US equity markets felt the wrath of disappointed investors this afternoon, with the Dow Jones Industrial Average falling more than 1% during the first hour of trading, following worse-than-expected quarterly figures from industry bellwethers General Electric and Bank of America.
Shares of General Electric, which is the world’s biggest manufacturer of jet engines, fell 3.2% to [...]
US Market Faces Profit Taking After Earnings News
Wall Street opened lower, as earnings at Goldman and Citigroup failed to excite the market.
We’re seeing some profit taking today, not because the figures are disappointing but mainly because the markets have, undeniably, risen quite a bit recently and today’s data may have already been factored in. Essentially, we’re seeing a classical ‘buy on [...]
Miners Benefit from Commodity Rally
London’s leading index continues to find form in the afternoon session, with the FTSE 100 currently sitting at 5241.45 at 3.15pm (London time).
Miners continue to set the pace with Rio Tinto and BHP Billiton both up on the day. Rio Tinto’s share price benefited as third-quarter iron ore production rose to a record level, due [...]
Dow Jones and S&P 500 News
Wall Street opened in negative territory following disappointing quarterly sales figures at Johnson & Johnson. We also had prominent banking analyst Meredith Whitney downgrading Goldman Sachs today, so it’s not surprising to see some profit taking.
Wall Street opened in negative territory following disappointing quarterly sales figures at Johnson & Johnson. We also had prominent [...]
US Equity Market News
US equity markets looked ready to build on last week’s strong gains following better-than-expected third-quarter earnings at Royal Philips Electronics and an improved outlook by Black & Decker.
Third-quarter earnings optimism shot through the roof again today after Royal Philips Electronics, Europe’s biggest maker of consumer electronics, unexpectedly turned a third-quarter profit of €174 million, [...]
Upbeat Reports Bode Well for US Equities
US equity markets started the trading day in positive territory following a number of upbeat reports.
There was a confluence of reports that helped Wall Street higher at its open today. At first we had better-than-expected weekly jobless claims figures followed by a drop in wholesale inventories.
Then we saw Alcoa and PepsiCo deliver third-quarter earnings [...]
US Markets and Commodity Trading
The Dow was unable to maintain yesterday’s upward trajectory when Wall Street opened for trading today. The US index had had 0.22% shaved off by 3.30pm in London, just as the third-quarter earnings season is set to kick off stateside.
Investors will be apprehensive and want to see evidence that recent gains can be supported [...]
Gold Markets Rally on Dollar-Oil Trading News
Stock markets were absolutely buzzing today, with London’s FTSE 100 jumping more than 2% this afternoon and Wall Street up 1% during the first half hour of the US trading session.
Stocks were buoyed by a confluence of rising metal prices, deal news, bullish broker reports and optimism over the forthcoming third-quarter earnings season.
October [...]
US Stock Market News
US stocks opened modestly higher, snapping a four-day losing streak, as upbeat broker reports on the US banking sector and better-than-expected ISM non-manufacturing data lifted market morale.
US banks were in demand today, after Goldman Sachs upped its rating on several large US banks from ‘neutral’ to ‘attractive’.
The broker said that improved earnings, stronger [...]
US Markets Trade Lower After Non-Farm News
Stock markets were struck by a heavy bout of panic selling this afternoon, after US non-farm payrolls came in substantially worse than anticipated.
A Labour Department report showing US employers shed a more-than-expected 263,000 jobs in September dealt a devastating blow to stock market confidence today, knocking the Dow and S&P 500 down by nearly [...]