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Category Archives: Daily Advantage
Another report indicated the housing market is weakening before the crucial spring selling season. Following yesterday’s disappointing existing home sales report, new home sales fell more than expected in March. There was also concern about two big tech earnings reports … Continue reading
Existing-home sales in March were disappointing, but stocks extended their gains on more good earnings reports and a shakeup in the pharmaceutical industry. The Dow rose 65 points, led by a 2.19% rise in Home Depot’s shares (HD) after an … Continue reading
With few major economic reports and European markets closed for the Easter holiday, stocks had a relatively steady day after a brief dip in the morning, moving moderately higher on better-than-expected earnings reports. The Dow rose 40 points, with 17 … Continue reading
It was one of the busiest days of the earnings season, with 25 of the companies in the S&P 500 Index reporting. Results were mixed, but for the most part, the markets focused on the positive. The Dow slipped 16 … Continue reading
Markets continued to rally, helped by decent housing-starts numbers and better-than-expected reports on U.S. industrial production and Chinese gross domestic product. The Dow rose 162 points, with 26 of its 30 components gaining ground; the S&P 500 Index increased 19; … Continue reading
Mixed economic reports and continued pressure on tech shares made for another choppy session. Consumer inflation stayed tame in March and some much-watched earnings reports beat expectations, but a disappointing regional manufacturing report and sagging homebuilder confidence weighed on stocks … Continue reading
Retail sales were surprisingly robust in March, but despite the good news, stocks had a choppy session. The Dow and S&P 500 Index trimmed early gains and the Nasdaq dipped into the red, but all three accelerated toward strong gains … Continue reading
The Dow fell 143 points, the Nasdaq lost 54, and the S&P 500 Index declined 17. Zoe’s Kitchen (ZOES), one of three IPOs today, gained 64% in its first day of trading. Twenty-five of the Dow’s thirty components lost ground, … Continue reading
In spite of a good jobs report, stocks resumed their retreat, with tech stocks leading the way down. The Dow lost 266 points, the Nasdaq fell by 129, and the S&P 500 Index declined by 39. Twenty-eight of the Dow’s … Continue reading
Minutes from the latest Federal Open Market Committee meeting told of a special Federal Reserve meeting held earlier in the month that showed the Fed was concerned about the message it was sending to the markets. Stocks jumped on indications … Continue reading