Messy Friday

Chinese regulators will now allow fund managers to lend stocks for short selling. The news drove sharp losses for Chinese stock-index futures, which in turn triggered drops in U.S. futures and European equities.  Many believe it is aimed at increasing supplies of securities and cooling down markets there.  The Shanghei is up 33% year to […]

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A Very Choppy Day

The major averages ended Thursday on a modestly lower note, but they were able to climb off their opening lows. The S&P lost 0.1% after spending the day in a 12-point range. Equity indices struggled in the early going after an overnight report from the Financial Times indicated that Greek officials had asked the IMF […]

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Nice Day and Netflix Explodes

The stock market ended the midweek session on an upbeat note after climbing throughout the day. The S&P gained 0.5% while the Russell 2000 (+0.7%) spent the day in the lead.  Equity indices rallied out of the gate, all but ignoring news that China’s GDP growth (+7.0% year-over-year) has slowed to a six-year low. The […]

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Tuesday Market Wrap

Equity indices slipped during the opening hour after the March Retail Sales report came in below expectations. In addition to pressuring equities, the report weighed on the greenback, knocking the Dollar Index to a session low. The dollar climbed off its worst level, but still ended the day lower by 0.7%. As for equities, the […]

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Some Pre Earnings Angst

The major averages began the new trading week on a lower note. The S&P pulled back 0.5% after spending the day in a steady retreat from its opening high while the Nasdaq shed 0.2% after showing relative strength throughout the day. All in all, Monday was very quiet with the S&P spending the day inside […]

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Biotech Rallies

The stock market ended Wednesday on a higher note, but not before making a couple appearances in the red. The S&P 500 added a modest 0.3% while the Nasdaq Composite (+0.8%) outperformed. Equity indices climbed out of the gate with the Nasdaq receiving major support from biotechnology. Meanwhile, the S&P 500 notched its session high […]

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Bearish Sell Off

See 10 minute chart above Equity indices halted their two-day win streak on Tuesday with the SPX losing 0.2%. The S&P surrendered its modest intraday gain during the final hour while the Nasdaq Composite (-0.1%) settled just ahead. The iShares Nasdaq Biotechnology ETF (IBB 341.92, +3.07) jumped 0.9% and helped the Nasdaq Composite display relative […]

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Decent Follow Through From Thursday

The major averages began the week on an upbeat note after shaking off their opening losses that were brought on by a disappointing jobs report for March. The S&P 500 spiked 0.7% while the Nasdaq Composite (+0.6%) followed not far behind. Index futures were able to cut their losses in half by today’s opening bell […]

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