Market Weakness Kicking In

The market ended Tuesday on a sharply lower note following a daylong retreat that was paced by the Nasdaq Composite (-1.6%). For its part, the S&P 500 lost 1.2% with all ten sectors ending in the red. The Tuesday selloff in U.S. equities followed an overnight session that featured a 4.1% drop in China’s Shanghai […]

Read More

Clawing Higher On No Volume

Stocks notched a second straight session of gains Monday, but volume once again faded. The Nasdaq gained on 0.2%, while the S&P 500 and the Dow Jones industrial average added 0.3% each. The small-cap Russell 2000 gained 0.5%. Volume, though, fell 8% on the NYSE and 12% on the Nasdaq. Seven of ten sectors finished […]

Read More

Wednesday Market Wrap

Equity indices struggled in the early going after the advance reading of Q1 GDP (0.2%) missed expectations. However, that disappointment was partially offset by the FOMC directive, which did not stir concerns of a rate hike taking place in the near term. Instead, the FOMC reiterated that the current policy stance will remain appropriate until […]

Read More

Biotech Visits The Woodchipper

The stock market began the week with a pullback from record levels, but not before setting fresh intraday record highs during the opening minutes of action. The S&P 500 (-0.4%) registered its first decline in four sessions while the Nasdaq (-0.6%) underperformed. Biotech was the culprit today and added to the weakness in the Nasdaq.  […]

Read More

Nasdaq and S&P Tag All Timers

The stock market wrapped up a strong week with a record finish even as economic data remained weak. The S&P 500 settled higher by 0.2% and registered a fresh record closing high at 2117.69 while the Nasdaq Composite (+0.7%) outperformed and posted another record close. the Dow Jones Industrial Average could only add 0.1%, remaining […]

Read More