Here is the latest trading and free market analysis info.
CNBC:
06/30/09 16:30 ET Dow -82.38 at 8447.00, Nasdaq -9.02 at 1835.04, S&P -7.91 at 919.32:
[BRIEFING.COM] Due to some disappointing consumer confidence and expectations readings the second quarter's final trading session concluded with broad-based losses. However, the downturn wasn't enough to offset some of the best quarterly gains seen in years.
Participants sent all 10 major sectors in the S&P 500 into the red following the release of the June Consumer Confidence Index, which came in at 49.3 to miss expectations and mark a decline from the previous reading. Meanwhile, the Expectations Index also missed expectations and declined from the previous reading.
Materials stocks were among the hardest hit sectors this session. They shed 1.3% as steel stocks (-1.8%) showed weakness after Schnitzer Steel (SCHN 52.86, -7.35) reported some disappointing quarterly earnings results and other basic commodities prices were weakened by a stronger dollar. The greenback's 0.4% gain helped send gold prices 1.4% lower to $927.20 per ounce and oil prices down 2.3% to $68.90 per barrel. Still, both the CRB Commodity Index and the materials sector gained roughly 16% during the second quarter.
Financials saw the best gains of any major sector during the second quarter. The sector shrugged off today's 1.1% loss to finish the quarter with a 44% gain.
Leadership from the financial sector helped the S&P 500 post a second quarter gain of nearly 17%, which marks a rebound from the first quarter's near 12% decline and the near 24% drop registered in the fourth quarter of 2008. Still, the second quarter rebound is the best quarterly performance since the fourth quarter of 1998.
Such strong gains have many market watchers calling for a pullback in stock prices. However, such consolidation could also be accomplished with stocks moving sideways for an extended period of time. To that point, the S&P 500 finished June flat; or up just one-fifth of a point, to be exact.
Nasdaq -9.02 at 1835.04... S&P Midcap 400 -0.4... NYSE Adv/Dec 1279/1690... Nasdaq Adv/Dec 1155/1517.
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Reuters News:
Tuesday, June 30, 2009
Monday, June 29, 2009
SPY S&P500 SPX QQQQ DIA GLD OIL update 06/29/09 - Free Stock Market Analysis
Here is the latest trading and free market analysis video on the S&P500 (SPX), SPY, QQQQ, DIA, GLD ETFs and more...
06/29/09 16:05 ET Dow +90.54 at 8528.93, Nasdaq +5.84 at 1844.06, S&P +8.24 at 927.14:
[BRIEFING.COM] There were hardly any cues for market participants to follow this session. Still, buyers showed confidence and bid stocks higher in broad-based fashion.
Aside from some early gyrations, stocks spent nearly all of the session moving sideways with the S&P 500 stuck between 925 and 928, which translated to gains from 0.7% to 1.0%. A lack of clear leadership seemed to restrain stocks from moving higher and breaking above the intraday highs registered in recent weeks.
All 10 major sectors in the S&P 500 logged healthy gains. Financials (+1.4%), utilities (+1.3%), telecom (+1.2%), and energy (+1.3%) all made similar gains.
Energy stocks were bolstered by higher oil prices, which finished 3.4% higher at $71.49 per barrel. The gains came despite news that the IEA cut its oil annual demand forecasts through 2013. That was countered by news that China is looking to boost its oil reserves by 160%.
Health care stocks (+0.5%) lagged for the entire session, but were able to recover from morning losses. The sector's weakness spanned health care facilities, health care tech, and health care distributors amid ongoing efforts to reform health care, which have often made for unsuccessful endeavors in past years.
Tech stocks had showed relative strength in the early going, but also lagged the broader market into the close. They finished with a gain of 0.7%. Apple (AAPL 141.97, +0.47) was an early leader in the group, but surrendered its gains despite news that chief executive Steve Jobs will return to work at Apple after being on medical leave. Relative weakness in other large-cap tech stocks caused the Nasdaq to underperform its counterparts.
Participants can expect a few more headlines starting tomorrow, when the June Consumer Confidence Index is released shortly after the opening bell. The ADP Employment report for June, ISM Manufacturing report, and pending home sales data are due Wednesday. Thursday marks the release of the government's official Nonfarm Payrolls report for June, as well as the latest initial jobless claims data and factory orders for May. U.S. markets are closed Friday in observance of Independence Day -- the holiday-shortened week could make for light trading volume; as such, hardly 1 billion shares traded hands on the NYSE this session.
Nasdaq +5.84 at 1844.06... S&P Midcap 400 +0.7... NYSE Adv/Dec 1826/1178... Nasdaq Adv/Dec 1177/1471.
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CNBC:
Reuters News:
06/29/09 16:05 ET Dow +90.54 at 8528.93, Nasdaq +5.84 at 1844.06, S&P +8.24 at 927.14:
[BRIEFING.COM] There were hardly any cues for market participants to follow this session. Still, buyers showed confidence and bid stocks higher in broad-based fashion.
Aside from some early gyrations, stocks spent nearly all of the session moving sideways with the S&P 500 stuck between 925 and 928, which translated to gains from 0.7% to 1.0%. A lack of clear leadership seemed to restrain stocks from moving higher and breaking above the intraday highs registered in recent weeks.
All 10 major sectors in the S&P 500 logged healthy gains. Financials (+1.4%), utilities (+1.3%), telecom (+1.2%), and energy (+1.3%) all made similar gains.
Energy stocks were bolstered by higher oil prices, which finished 3.4% higher at $71.49 per barrel. The gains came despite news that the IEA cut its oil annual demand forecasts through 2013. That was countered by news that China is looking to boost its oil reserves by 160%.
Health care stocks (+0.5%) lagged for the entire session, but were able to recover from morning losses. The sector's weakness spanned health care facilities, health care tech, and health care distributors amid ongoing efforts to reform health care, which have often made for unsuccessful endeavors in past years.
Tech stocks had showed relative strength in the early going, but also lagged the broader market into the close. They finished with a gain of 0.7%. Apple (AAPL 141.97, +0.47) was an early leader in the group, but surrendered its gains despite news that chief executive Steve Jobs will return to work at Apple after being on medical leave. Relative weakness in other large-cap tech stocks caused the Nasdaq to underperform its counterparts.
Participants can expect a few more headlines starting tomorrow, when the June Consumer Confidence Index is released shortly after the opening bell. The ADP Employment report for June, ISM Manufacturing report, and pending home sales data are due Wednesday. Thursday marks the release of the government's official Nonfarm Payrolls report for June, as well as the latest initial jobless claims data and factory orders for May. U.S. markets are closed Friday in observance of Independence Day -- the holiday-shortened week could make for light trading volume; as such, hardly 1 billion shares traded hands on the NYSE this session.
Nasdaq +5.84 at 1844.06... S&P Midcap 400 +0.7... NYSE Adv/Dec 1826/1178... Nasdaq Adv/Dec 1177/1471.
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CNBC:
Reuters News:
Free Stock Market Analysis - update for 06/26/09 on 06/29/09 am.
Here is the latest trading and free market analysis info.
CNBC:
06/26/09 16:20 ET Dow -34.01 at 8438.39, Nasdaq +8.68 at 1838.22, S&P -1.36 at 918.90
[BRIEFING.COM] Stocks attempted to reverse modest losses in the final minutes of trading, but the effort failed, which made for an anticlimactic finish to what was already a choppy and listless session.
Stocks spent the entire session struggling to find direction. The seesaw action came amid the annual reconstitution of the Russell indices and some typical end-of-quarter window dressing. Those themes likely added to the session's volatility, but they didn't stimulate trading volume until the final few minutes of the session, when volume on the NYSE more than doubled to finish with 2.35 billion shares trading hands. That's the largest amount in three months.
There weren't any leaders to speak of this session. Retailers traded with strength for virtually the entire session before succumbing to selling pressure as the closing bell approached. Retailers finished fractionally lower.
Financial stocks made a modest rally into the close after spending nearly the entire session showing weakness. Thanks to strength in investment banking and brokerage stocks (+1.7%) and diversified financial services stocks (+1.8%), the financial sector finished 0.6% higher.
Health care (+0.1%) and telecom (+0.1%) were the only other two sectors to finish with a gain.
Though the tech sector, as a whole, finished 0.1% lower, large-cap tech showed strength. Strength in such names as Google (GOOG 425.25, +9.48) and Apple (AAPL 142.44, +2.58) helped the Nasdaq Composite outperform its counterparts.
Overall news flow was slow this session, but participants did get some additional insight into how second quarter GDP is shaping up with the release of personal income and spending data for May. Income made a surprisingly strong 1.4% increase, but spending for increased 0.3%, as expected. Personal consumption expenditures increased 0.1% month-over-month, as expected.
Nasdaq 100 +0.3%. ..S&P Midcap 400 +0.2%. ..Russell 2000 +0.8%.
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CNBC:
The Week that Was:
The Week Ahead:
Reuters News:
CNBC:
06/26/09 16:20 ET Dow -34.01 at 8438.39, Nasdaq +8.68 at 1838.22, S&P -1.36 at 918.90
[BRIEFING.COM] Stocks attempted to reverse modest losses in the final minutes of trading, but the effort failed, which made for an anticlimactic finish to what was already a choppy and listless session.
Stocks spent the entire session struggling to find direction. The seesaw action came amid the annual reconstitution of the Russell indices and some typical end-of-quarter window dressing. Those themes likely added to the session's volatility, but they didn't stimulate trading volume until the final few minutes of the session, when volume on the NYSE more than doubled to finish with 2.35 billion shares trading hands. That's the largest amount in three months.
There weren't any leaders to speak of this session. Retailers traded with strength for virtually the entire session before succumbing to selling pressure as the closing bell approached. Retailers finished fractionally lower.
Financial stocks made a modest rally into the close after spending nearly the entire session showing weakness. Thanks to strength in investment banking and brokerage stocks (+1.7%) and diversified financial services stocks (+1.8%), the financial sector finished 0.6% higher.
Health care (+0.1%) and telecom (+0.1%) were the only other two sectors to finish with a gain.
Though the tech sector, as a whole, finished 0.1% lower, large-cap tech showed strength. Strength in such names as Google (GOOG 425.25, +9.48) and Apple (AAPL 142.44, +2.58) helped the Nasdaq Composite outperform its counterparts.
Overall news flow was slow this session, but participants did get some additional insight into how second quarter GDP is shaping up with the release of personal income and spending data for May. Income made a surprisingly strong 1.4% increase, but spending for increased 0.3%, as expected. Personal consumption expenditures increased 0.1% month-over-month, as expected.
Nasdaq 100 +0.3%. ..S&P Midcap 400 +0.2%. ..Russell 2000 +0.8%.
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CNBC:
The Week that Was:
The Week Ahead:
Reuters News:
Thursday, June 25, 2009
SPY S&P500 SPX QQQQ DIA GLD OIL update 06/25/09 - Free Stock Market Analysis
Here is the latest trading and free market analysis video on the S&P500 (SPX), SPY, QQQQ, DIA, GLD ETFs and more... I am working on the extended video now please check back later...
06/25/09 16:25 ET Dow +172.54 at 8472.40, Nasdaq +37.20 at 1829.54, S&P +19.32 at 920.26:
[BRIEFING.COM] Stocks managed to reverse modest losses in the first few minutes of trading to spend the rest of the day trading with impressive gains. There was some fleeting selling pressure heading into the close, but the effort was resisted and stocks finished near session highs.
Thanks to strength among retailers, consumer discretionary stocks(+2.9%) led most of the buying in the broader market. Retailers tacked on 3.8% after Bed Bath & Beyond (BBBY 31.08, +2.69) reported better-than-expected first quarter earnings.
Home builder Lennar (LEN 9.19, +1.37) provided leadership to consumer discretionary stocks despite reporting a worse-than-expected quarterly loss.
Meanwhile, Nike (NKE 51.28, -1.74) was a laggard in the group, though it beat quarterly earnings expectations. However, the company indicated that global futures orders dropped 12% from the prior year.
All 10 major sectors in the S&P 500 were able to log gains of 1.0% or more. Financials had lagged for most of the session and even traded with a modest loss early on, but spiked into the close to finish with a 1.7% gain.
Bond markets also saw plenty of buying this session after a $27 billion auction of 7-year Notes saw better-than-expected results. The auction drew a yield of 3.33% and a bid-to-cover ratio of 2.82. Buying at the long-end of the yield curve pushed the benchmark 10-year Note up more than one full point, sending its yield more than 10 basis points lower to just above 3.5%. The 30-year Bond was bid almost two points higher, which dropped its yield 11 basis points to roughly 4.3%.
This session's broad-based buying also extended into commodities, which helped the CRB Commodity Index climb 1.4%. Energy-based commodities saw particularly strong gains as crude oil prices advanced 2.2% to $70.15 per barrel in pit trading. Natural gas prices settled at $3.84 per contract, up 2.2% after weekly inventory data showed a smaller-than-expected build.
In economic data, initial jobless claims for the week ending June 13 totaled 627,000, which is more than expected and up from the previous week. Continuing claims crept up to 6.74 million. Though that is still off of its record high, it exceeded forecasts.
The final reading for first quarter GDP showed a 5.5% annualized decline, which is a slight improvement from the 5.7% annualized decline that was previously reported. The revision came from a smaller decline in inventories than previously reported, but personal consumption expenditures were revised downward to show a 1.4% increase.
Nasdaq +37.20 at 1829.54... S&P Midcap 400 +2.5... NYSE Adv/Dec 2460/571... Nasdaq Adv/Dec 2172/517.
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Contributions: We appreciate all donations, please help keep this site free for the World to see and profit from. You can also help by checking out the great products and services advertised on this page. Thanks again.
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CNBC:
Reuters News:
06/25/09 16:25 ET Dow +172.54 at 8472.40, Nasdaq +37.20 at 1829.54, S&P +19.32 at 920.26:
[BRIEFING.COM] Stocks managed to reverse modest losses in the first few minutes of trading to spend the rest of the day trading with impressive gains. There was some fleeting selling pressure heading into the close, but the effort was resisted and stocks finished near session highs.
Thanks to strength among retailers, consumer discretionary stocks(+2.9%) led most of the buying in the broader market. Retailers tacked on 3.8% after Bed Bath & Beyond (BBBY 31.08, +2.69) reported better-than-expected first quarter earnings.
Home builder Lennar (LEN 9.19, +1.37) provided leadership to consumer discretionary stocks despite reporting a worse-than-expected quarterly loss.
Meanwhile, Nike (NKE 51.28, -1.74) was a laggard in the group, though it beat quarterly earnings expectations. However, the company indicated that global futures orders dropped 12% from the prior year.
All 10 major sectors in the S&P 500 were able to log gains of 1.0% or more. Financials had lagged for most of the session and even traded with a modest loss early on, but spiked into the close to finish with a 1.7% gain.
Bond markets also saw plenty of buying this session after a $27 billion auction of 7-year Notes saw better-than-expected results. The auction drew a yield of 3.33% and a bid-to-cover ratio of 2.82. Buying at the long-end of the yield curve pushed the benchmark 10-year Note up more than one full point, sending its yield more than 10 basis points lower to just above 3.5%. The 30-year Bond was bid almost two points higher, which dropped its yield 11 basis points to roughly 4.3%.
This session's broad-based buying also extended into commodities, which helped the CRB Commodity Index climb 1.4%. Energy-based commodities saw particularly strong gains as crude oil prices advanced 2.2% to $70.15 per barrel in pit trading. Natural gas prices settled at $3.84 per contract, up 2.2% after weekly inventory data showed a smaller-than-expected build.
In economic data, initial jobless claims for the week ending June 13 totaled 627,000, which is more than expected and up from the previous week. Continuing claims crept up to 6.74 million. Though that is still off of its record high, it exceeded forecasts.
The final reading for first quarter GDP showed a 5.5% annualized decline, which is a slight improvement from the 5.7% annualized decline that was previously reported. The revision came from a smaller decline in inventories than previously reported, but personal consumption expenditures were revised downward to show a 1.4% increase.
Nasdaq +37.20 at 1829.54... S&P Midcap 400 +2.5... NYSE Adv/Dec 2460/571... Nasdaq Adv/Dec 2172/517.
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Contributions: We appreciate all donations, please help keep this site free for the World to see and profit from. You can also help by checking out the great products and services advertised on this page. Thanks again.
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Reuters News:
Monday, June 22, 2009
SPY S&P500 SPX QQQQ DIA GLD OIL update 06/22/09 - Free Stock Market Analysis
Here is the latest trading and free market analysis video on the S&P500 (SPX), SPY, QQQQ, DIA, GLD ETFs and more...
06/22/09 16:30 ET Dow -200.72 at 8339.01, Nasdaq -61.78 at 1766.19, S&P -28.19 at 893.04:
[BRIEFING.COM] The S&P 500 moved sharply lower in broad-based fashion, which took it below the key 900 level for the first time this month. With sellers in control, the session culminated in the stock market's worst single-session percentage loss in two months.
Declining issues outnumbered advancers by 10-to-1 in the S&P 500. Losses were steepest among financial issues, which shed 6.2% as they steadily descended throughout the entire session. Diversified financial services (-7.5%) and specialized finance (-7.3%) made up some of the weakest performing stocks in the financial sector. Financial stocks are down more than 7% month-to-date, but still up nearly 50% from their March lows, making them ripe for plenty more profit taking.
Energy stocks and materials stocks showed weakness for the entire session. The lost a respective 4.6% and 5.3% amid broader market weakness and a drop in commodities prices, which were undercut by a stronger U.S. dollar.
With the greenback up 0.7% against a basket of major foreign currencies, the CRB Commodity Index dropped 2.7% in its sharpest downward move in more than two weeks. Oil prices showed particular weakness; July contract prices shed 3.6% to settle at $67.06 per barrel before expiring, while August contract prices settled 3.8% lower at $67.33 per barrel.
The negative bias in the broader market certainly wasn't helped by news that the World Bank cut its forecast for major economies like that of the U.S. The news seemed to embolden the efforts of sellers, who just last week handed stocks their first weekly decline in five weeks. The latest selling effort led the S&P 500 to breach the 900 level, which marks the approximate intersection of the downward sloping 200-day moving average and the upward sloping 50-day moving average.
The only pockets of strength this session were found among defensive-oriented sectors. Utilities had been sporting enviable gains for most of the session, but surrendered them into the close and finished unchanged.
Telecom tacked on 0.5% as the only major sector to finish in the green.
Consumer staples stocks, also considered defensive, slipped 0.8%. Drug retailer Walgreen (WAG 29.64, -1.79) weighed on the group after posting quarterly earnings results that missed the consensus estimate.
Health care stocks, which have shown relative strength in recent sessions, fell 2.0%. Pharmaceutical stocks finished 1.5% lower amid news from The Wall Street Journal that the group will cut Medicaid costs as a proactive measure against more damaging industry reform.
There weren't any economic reports released today, but the release of May existing home sales data on Tuesday will start a steady flow of reports for the coming days.
Nasdaq -61.78 at 1766.19... S&P Midcap 400 -3.7... NYSE Adv/Dec 345/2703... Nasdaq Adv/Dec 415/2264.
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Contributions: We appreciate all donations, please help keep this site free for the World to see and profit from. You can also help by checking out the great products and services advertised on this page. Thanks again.
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CNBC:
Reuters News:
06/22/09 16:30 ET Dow -200.72 at 8339.01, Nasdaq -61.78 at 1766.19, S&P -28.19 at 893.04:
[BRIEFING.COM] The S&P 500 moved sharply lower in broad-based fashion, which took it below the key 900 level for the first time this month. With sellers in control, the session culminated in the stock market's worst single-session percentage loss in two months.
Declining issues outnumbered advancers by 10-to-1 in the S&P 500. Losses were steepest among financial issues, which shed 6.2% as they steadily descended throughout the entire session. Diversified financial services (-7.5%) and specialized finance (-7.3%) made up some of the weakest performing stocks in the financial sector. Financial stocks are down more than 7% month-to-date, but still up nearly 50% from their March lows, making them ripe for plenty more profit taking.
Energy stocks and materials stocks showed weakness for the entire session. The lost a respective 4.6% and 5.3% amid broader market weakness and a drop in commodities prices, which were undercut by a stronger U.S. dollar.
With the greenback up 0.7% against a basket of major foreign currencies, the CRB Commodity Index dropped 2.7% in its sharpest downward move in more than two weeks. Oil prices showed particular weakness; July contract prices shed 3.6% to settle at $67.06 per barrel before expiring, while August contract prices settled 3.8% lower at $67.33 per barrel.
The negative bias in the broader market certainly wasn't helped by news that the World Bank cut its forecast for major economies like that of the U.S. The news seemed to embolden the efforts of sellers, who just last week handed stocks their first weekly decline in five weeks. The latest selling effort led the S&P 500 to breach the 900 level, which marks the approximate intersection of the downward sloping 200-day moving average and the upward sloping 50-day moving average.
The only pockets of strength this session were found among defensive-oriented sectors. Utilities had been sporting enviable gains for most of the session, but surrendered them into the close and finished unchanged.
Telecom tacked on 0.5% as the only major sector to finish in the green.
Consumer staples stocks, also considered defensive, slipped 0.8%. Drug retailer Walgreen (WAG 29.64, -1.79) weighed on the group after posting quarterly earnings results that missed the consensus estimate.
Health care stocks, which have shown relative strength in recent sessions, fell 2.0%. Pharmaceutical stocks finished 1.5% lower amid news from The Wall Street Journal that the group will cut Medicaid costs as a proactive measure against more damaging industry reform.
There weren't any economic reports released today, but the release of May existing home sales data on Tuesday will start a steady flow of reports for the coming days.
Nasdaq -61.78 at 1766.19... S&P Midcap 400 -3.7... NYSE Adv/Dec 345/2703... Nasdaq Adv/Dec 415/2264.
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Reuters News:
Saturday, June 20, 2009
Weekly Market Update 06/20/09 - Free Stock Market Analysis
Here is the latest trading and free market analysis video on the S&P500 (SPX), SPY, QQQQ, DIA, GLD ETFs and more...
06/19/09 16:15 ET Dow -15.87 at 8539.73, Nasdaq +19.75 at 1827.47, S&P +2.86 at 921.23:
[BRIEFING.COM] The stock market surrendered an early gain of almost 1%, but managed to reclaim a portion of its gains in mixed fashion late in the day. Still, the rebound wasn't enough to reverse the stock market's weekly loss of 2.6%, which is the first weekly decline in five weeks.
Nonetheless, financial stocks and tech stocks showed leadership in this session's late advance. Financial stocks actually fell to a loss in the early going, but pushed higher to finish with a 1.7% gain, better than any other major sector.
Gains among financials were broad, but Blackstone Group (BX 11.94, +0.79) was a standout after The Wall Street Journal reported that China Investment Corp. is poised to invest $500 million in a hedge fund unit of the investment services company.
Tech stocks (+1.2%) traded with strength for the entire session, and helped the Nasdaq outperform the Dow and S&P 500. Microsoft (MSFT 24.07, +0.57) was a primary leader among tech issues after reports said that Goldman Sachs added the stock to its Conviction Buy List for the Americas.
Several semiconductor stocks also contributed to the Nasdaq's strength as the group recovered from the prior session's near 2% loss. According to North America-based semiconductor equipment manufacturers, orders for May improved from April.
Research In Motion (RIMM 72.78, -3.77) was a laggard among tech components. The wireless handset maker and marketer actually posted better-than-expected quarterly earnings and an in-line quarterly forecast following the previous session's close.
Health care stocks (+0.5%) resisted selling efforts and spent the entire session in positive ground, and managed to outperform the broader market for the fourth straight session. The sector's strength stems largely from reports indicating that health care reform will likely be less expansive than initially planned.
This session's weakness was primarily pinned against defensive sectors like utilities (-1.2%), telecom (-1.1%), and consumer staples (-0.7%). Energy stocks (-0.9%) also showed weakness, though.
Losses in the energy sector took root in a 2.6% drop in crude oil prices, which finished at $69.55 per barrel. Oil prices had been up nearly 1% in early pit trade. The downturn in oil prices came despite a weaker U.S. dollar, which slipped 0.3% against a basket of major foreign currencies.
The CRB Commodity Index was also unable to make headway amid a weaker dollar; the CRB fell 1.6%, giving it a weekly loss of 3.6%.
Trading volume on the NYSE was unusually high as more than 2 billion shares exchanged hands this session. During the last 50 sessions trading volume on the NYSE has averaged 1.5 billion shares. The spike in volume, however, came amid the quarterly options expiration of stock options, index options, index futures, and single stock futures, as well as the quarterly rebalancing of the S&P 500 and Nasdaq.
Nasdaq +19.75 at 1827.47... S&P Midcap 400 +0.5... NYSE Adv/Dec 1868/1117... Nasdaq Adv/Dec 1568/1084.
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CNBC Videos:
Word on the Street:
Reuters News:
06/19/09 16:15 ET Dow -15.87 at 8539.73, Nasdaq +19.75 at 1827.47, S&P +2.86 at 921.23:
[BRIEFING.COM] The stock market surrendered an early gain of almost 1%, but managed to reclaim a portion of its gains in mixed fashion late in the day. Still, the rebound wasn't enough to reverse the stock market's weekly loss of 2.6%, which is the first weekly decline in five weeks.
Nonetheless, financial stocks and tech stocks showed leadership in this session's late advance. Financial stocks actually fell to a loss in the early going, but pushed higher to finish with a 1.7% gain, better than any other major sector.
Gains among financials were broad, but Blackstone Group (BX 11.94, +0.79) was a standout after The Wall Street Journal reported that China Investment Corp. is poised to invest $500 million in a hedge fund unit of the investment services company.
Tech stocks (+1.2%) traded with strength for the entire session, and helped the Nasdaq outperform the Dow and S&P 500. Microsoft (MSFT 24.07, +0.57) was a primary leader among tech issues after reports said that Goldman Sachs added the stock to its Conviction Buy List for the Americas.
Several semiconductor stocks also contributed to the Nasdaq's strength as the group recovered from the prior session's near 2% loss. According to North America-based semiconductor equipment manufacturers, orders for May improved from April.
Research In Motion (RIMM 72.78, -3.77) was a laggard among tech components. The wireless handset maker and marketer actually posted better-than-expected quarterly earnings and an in-line quarterly forecast following the previous session's close.
Health care stocks (+0.5%) resisted selling efforts and spent the entire session in positive ground, and managed to outperform the broader market for the fourth straight session. The sector's strength stems largely from reports indicating that health care reform will likely be less expansive than initially planned.
This session's weakness was primarily pinned against defensive sectors like utilities (-1.2%), telecom (-1.1%), and consumer staples (-0.7%). Energy stocks (-0.9%) also showed weakness, though.
Losses in the energy sector took root in a 2.6% drop in crude oil prices, which finished at $69.55 per barrel. Oil prices had been up nearly 1% in early pit trade. The downturn in oil prices came despite a weaker U.S. dollar, which slipped 0.3% against a basket of major foreign currencies.
The CRB Commodity Index was also unable to make headway amid a weaker dollar; the CRB fell 1.6%, giving it a weekly loss of 3.6%.
Trading volume on the NYSE was unusually high as more than 2 billion shares exchanged hands this session. During the last 50 sessions trading volume on the NYSE has averaged 1.5 billion shares. The spike in volume, however, came amid the quarterly options expiration of stock options, index options, index futures, and single stock futures, as well as the quarterly rebalancing of the S&P 500 and Nasdaq.
Nasdaq +19.75 at 1827.47... S&P Midcap 400 +0.5... NYSE Adv/Dec 1868/1117... Nasdaq Adv/Dec 1568/1084.
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Friday, June 19, 2009
Weekly Market Update 06/19/09 - Free Stock Market Analysis
Here is the latest trading and free market analysis video on the S&P500 (SPX), SPY, QQQQ, DIA, GLD ETFs and more... I am working on the extended video now please check back later...
06/19/09 16:15 ET Dow -15.87 at 8539.73, Nasdaq +19.75 at 1827.47, S&P +2.86 at 921.23:
[BRIEFING.COM] The stock market surrendered an early gain of almost 1%, but managed to reclaim a portion of its gains in mixed fashion late in the day. Still, the rebound wasn't enough to reverse the stock market's weekly loss of 2.6%, which is the first weekly decline in five weeks.
Nonetheless, financial stocks and tech stocks showed leadership in this session's late advance. Financial stocks actually fell to a loss in the early going, but pushed higher to finish with a 1.7% gain, better than any other major sector.
Gains among financials were broad, but Blackstone Group (BX 11.94, +0.79) was a standout after The Wall Street Journal reported that China Investment Corp. is poised to invest $500 million in a hedge fund unit of the investment services company.
Tech stocks (+1.2%) traded with strength for the entire session, and helped the Nasdaq outperform the Dow and S&P 500. Microsoft (MSFT 24.07, +0.57) was a primary leader among tech issues after reports said that Goldman Sachs added the stock to its Conviction Buy List for the Americas.
Several semiconductor stocks also contributed to the Nasdaq's strength as the group recovered from the prior session's near 2% loss. According to North America-based semiconductor equipment manufacturers, orders for May improved from April.
Research In Motion (RIMM 72.78, -3.77) was a laggard among tech components. The wireless handset maker and marketer actually posted better-than-expected quarterly earnings and an in-line quarterly forecast following the previous session's close.
Health care stocks (+0.5%) resisted selling efforts and spent the entire session in positive ground, and managed to outperform the broader market for the fourth straight session. The sector's strength stems largely from reports indicating that health care reform will likely be less expansive than initially planned.
This session's weakness was primarily pinned against defensive sectors like utilities (-1.2%), telecom (-1.1%), and consumer staples (-0.7%). Energy stocks (-0.9%) also showed weakness, though.
Losses in the energy sector took root in a 2.6% drop in crude oil prices, which finished at $69.55 per barrel. Oil prices had been up nearly 1% in early pit trade. The downturn in oil prices came despite a weaker U.S. dollar, which slipped 0.3% against a basket of major foreign currencies.
The CRB Commodity Index was also unable to make headway amid a weaker dollar; the CRB fell 1.6%, giving it a weekly loss of 3.6%.
Trading volume on the NYSE was unusually high as more than 2 billion shares exchanged hands this session. During the last 50 sessions trading volume on the NYSE has averaged 1.5 billion shares. The spike in volume, however, came amid the quarterly options expiration of stock options, index options, index futures, and single stock futures, as well as the quarterly rebalancing of the S&P 500 and Nasdaq.
Nasdaq +19.75 at 1827.47... S&P Midcap 400 +0.5... NYSE Adv/Dec 1868/1117... Nasdaq Adv/Dec 1568/1084.
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Contributions: We appreciate all donations, please help keep this site free for the World to see and profit from. You can also help by checking out the great products and services advertised on this page. Thanks again.
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CNBC:
Reuters News:
06/19/09 16:15 ET Dow -15.87 at 8539.73, Nasdaq +19.75 at 1827.47, S&P +2.86 at 921.23:
[BRIEFING.COM] The stock market surrendered an early gain of almost 1%, but managed to reclaim a portion of its gains in mixed fashion late in the day. Still, the rebound wasn't enough to reverse the stock market's weekly loss of 2.6%, which is the first weekly decline in five weeks.
Nonetheless, financial stocks and tech stocks showed leadership in this session's late advance. Financial stocks actually fell to a loss in the early going, but pushed higher to finish with a 1.7% gain, better than any other major sector.
Gains among financials were broad, but Blackstone Group (BX 11.94, +0.79) was a standout after The Wall Street Journal reported that China Investment Corp. is poised to invest $500 million in a hedge fund unit of the investment services company.
Tech stocks (+1.2%) traded with strength for the entire session, and helped the Nasdaq outperform the Dow and S&P 500. Microsoft (MSFT 24.07, +0.57) was a primary leader among tech issues after reports said that Goldman Sachs added the stock to its Conviction Buy List for the Americas.
Several semiconductor stocks also contributed to the Nasdaq's strength as the group recovered from the prior session's near 2% loss. According to North America-based semiconductor equipment manufacturers, orders for May improved from April.
Research In Motion (RIMM 72.78, -3.77) was a laggard among tech components. The wireless handset maker and marketer actually posted better-than-expected quarterly earnings and an in-line quarterly forecast following the previous session's close.
Health care stocks (+0.5%) resisted selling efforts and spent the entire session in positive ground, and managed to outperform the broader market for the fourth straight session. The sector's strength stems largely from reports indicating that health care reform will likely be less expansive than initially planned.
This session's weakness was primarily pinned against defensive sectors like utilities (-1.2%), telecom (-1.1%), and consumer staples (-0.7%). Energy stocks (-0.9%) also showed weakness, though.
Losses in the energy sector took root in a 2.6% drop in crude oil prices, which finished at $69.55 per barrel. Oil prices had been up nearly 1% in early pit trade. The downturn in oil prices came despite a weaker U.S. dollar, which slipped 0.3% against a basket of major foreign currencies.
The CRB Commodity Index was also unable to make headway amid a weaker dollar; the CRB fell 1.6%, giving it a weekly loss of 3.6%.
Trading volume on the NYSE was unusually high as more than 2 billion shares exchanged hands this session. During the last 50 sessions trading volume on the NYSE has averaged 1.5 billion shares. The spike in volume, however, came amid the quarterly options expiration of stock options, index options, index futures, and single stock futures, as well as the quarterly rebalancing of the S&P 500 and Nasdaq.
Nasdaq +19.75 at 1827.47... S&P Midcap 400 +0.5... NYSE Adv/Dec 1868/1117... Nasdaq Adv/Dec 1568/1084.
If you find these videos or info to be helpful please Tip or donate - <<<< link on the side >>>>.
Contributions: We appreciate all donations, please help keep this site free for the World to see and profit from. You can also help by checking out the great products and services advertised on this page. Thanks again.
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Reuters News:
Tuesday, June 16, 2009
SPY S&P500 SPX QQQQ DIA GLD OIL update 06/16/09 - Free Stock Market Analysis
Here is the latest trading and free market analysis video on the S&P500 (SPX), SPY, QQQQ, DIA, GLD ETFs and more...
06/16/09 16:30 ET Dow -107.46 at 8504.67, Nasdaq -20.20 at 1796.18, S&P -11.75 at 911.97:
[BRIEFING.COM] The major equity averages started the session in positive ground, but after failing to push above midmorning highs sellers mounted an assault that took stocks into the red to finish at session lows.
Losses were broad-based for the second straight session. Trading volume was also light for the second straight session, suggesting a lack of conviction behind the recent moves.
Sellers focused their efforts against materials stocks again. Materials suffered more than any other sector this session by shedding 2.4%. The sector has declined almost 6% during the last two sessions.
Steel stocks have been a primary source of weakness for the sector in recent sessions, but they managed to advance 0.7% this session. The upward move came after Nucor (NUE 46.86, +1.11) issued guidance that was slightly better than expected.
Declining commodities prices certainly haven't helped materials stocks, though. Commodities started the session with solid, broad-based gains, but surrendered most of the advance. In turn, the CRB Commodity Index shed 0.2%.
Though consumer discretionary stocks didn't finish with the worst loss of the major sectors, they lagged for most of the session. Their weakness came despite better-than-expected first quarter earnings and an in-line outlook from Best Buy (BBY 35.84, -2.82). Retailers surrendered 3.1% and the consumer discretionary sector dropped 2.4%.
Of the 10 major sectors in the S&P 500, only health care (+0.2%) finished higher. Managed health care providers (+2.9%) bounded amid ongoing debate regarding health care reform.
There were several economic items out today, but none of them had much of a strong influence on trading. Housing starts for May increased 17.2% month-over-month to an annualized rate of 532,000. Building permits, meanwhile, climbed 4.0% to an annualized rate of 518,000. Both numbers bounced more than expected from record low levels. Still, participants remain cognizant that a meaningful and sustainable upturn in residential construction activity is unlikely to come about quickly.
Meanwhile, PPI data was below expectations with core data actually showing a decline, helping to calm inflation concerns amid the government's massive stimulus efforts. According to Reuters, the Fed's Warsh stated that inflation trends since the last FOMC meeting have been encouraging.
In other economic news, industrial production and capacity utilization for May both declined a bit from the previous month, but they were both on par with forecasts.
Tomorrow's calendar is lighter on economic data. The May CPI report headlines the docket.
Nasdaq -20.20 at 1796.18... NYSE Adv/Dec 848/2160... Nasdaq Adv/Dec 753/1876.
If you find these videos or info to be helpful please Tip or donate - <<<< link on the side >>>>.
Contributions: We appreciate all donations, please help keep this site free for the World to see and profit from. You can also help by checking out the great products and services advertised on this page. Thanks again.
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CNBC:
Reuters News:
06/16/09 16:30 ET Dow -107.46 at 8504.67, Nasdaq -20.20 at 1796.18, S&P -11.75 at 911.97:
[BRIEFING.COM] The major equity averages started the session in positive ground, but after failing to push above midmorning highs sellers mounted an assault that took stocks into the red to finish at session lows.
Losses were broad-based for the second straight session. Trading volume was also light for the second straight session, suggesting a lack of conviction behind the recent moves.
Sellers focused their efforts against materials stocks again. Materials suffered more than any other sector this session by shedding 2.4%. The sector has declined almost 6% during the last two sessions.
Steel stocks have been a primary source of weakness for the sector in recent sessions, but they managed to advance 0.7% this session. The upward move came after Nucor (NUE 46.86, +1.11) issued guidance that was slightly better than expected.
Declining commodities prices certainly haven't helped materials stocks, though. Commodities started the session with solid, broad-based gains, but surrendered most of the advance. In turn, the CRB Commodity Index shed 0.2%.
Though consumer discretionary stocks didn't finish with the worst loss of the major sectors, they lagged for most of the session. Their weakness came despite better-than-expected first quarter earnings and an in-line outlook from Best Buy (BBY 35.84, -2.82). Retailers surrendered 3.1% and the consumer discretionary sector dropped 2.4%.
Of the 10 major sectors in the S&P 500, only health care (+0.2%) finished higher. Managed health care providers (+2.9%) bounded amid ongoing debate regarding health care reform.
There were several economic items out today, but none of them had much of a strong influence on trading. Housing starts for May increased 17.2% month-over-month to an annualized rate of 532,000. Building permits, meanwhile, climbed 4.0% to an annualized rate of 518,000. Both numbers bounced more than expected from record low levels. Still, participants remain cognizant that a meaningful and sustainable upturn in residential construction activity is unlikely to come about quickly.
Meanwhile, PPI data was below expectations with core data actually showing a decline, helping to calm inflation concerns amid the government's massive stimulus efforts. According to Reuters, the Fed's Warsh stated that inflation trends since the last FOMC meeting have been encouraging.
In other economic news, industrial production and capacity utilization for May both declined a bit from the previous month, but they were both on par with forecasts.
Tomorrow's calendar is lighter on economic data. The May CPI report headlines the docket.
Nasdaq -20.20 at 1796.18... NYSE Adv/Dec 848/2160... Nasdaq Adv/Dec 753/1876.
If you find these videos or info to be helpful please Tip or donate - <<<< link on the side >>>>.
Contributions: We appreciate all donations, please help keep this site free for the World to see and profit from. You can also help by checking out the great products and services advertised on this page. Thanks again.
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CNBC:
Reuters News:
Friday, June 12, 2009
Weekly Market Update 06/12/09 - Free Stock Market Analysis
Here is the latest trading and free market analysis video on the S&P500 (SPX), SPY, QQQQ, DIA, GLD ETFs and more... I am working on the extended video now please check back later...
06/12/09 16:30 ET Dow +28.34 at 8799.26, Nasdaq -3.57 at 1858.80, S&P +1.32 at 946.21:
[BRIEFING.COM] Stocks spent most of the session confined to a narrow trading range in negative territory, but managed to move higher heading into the final leg of trading. Pronounced, late-session moves have been the norm this week, but this one was a bit sloppy as stocks had to fight to hold the advance.
Trading volume was exceptionally low this session, suggesting a lack of conviction in the market's moves and, certainly, a lack of participation. Only around 860 million shares traded hands on the NYSE. That's nearly half the level typically seen in the last 50 sessions.
The latest round of range bound trading came largely as a result of a lack of leadership. Materials stocks (-1.3%), which have provided leadership in recent weeks, were knocked lower as commodities came under pressure amid a rally in the U.S. dollar.
With the Dollar Index advancing 0.9%, the CRB Commodity Index fell 1.5%. Gold prices dropped 2.2% to finish at $940.50 per ounce. Crude oil futures pulled back from 2009 highs to finish 0.8% lower at $72.05 per barrel. News from Reuters that OPEC believes that worst appears to be over for the oil market didn't seem to provide much support.
The downturn in oil prices helped send energy stocks to a 1.0% loss. Oil and gas equipment stocks (-2.5%) and drillers (-2.0%) were among the weakest plays in the sector.
Semiconductor stocks also fell under pressure this session, sending the Semiconductor Index to a 1.8% loss. The downturn came in the face of a less severe-than-expected quarterly loss and in-line revenue outlook from National Semiconductor (NSM 13.59, -0.88). Weakness among semiconductors dragged the tech sector to a 0.2% loss and weighed on the Nasdaq Composite, causing it to underperform the other headline indices.
The upward push into the close helped drive gains in the rest of the market, though. Financial stocks (+0.7%), which were instrumental in the stock market's move from its March lows, had a choppy session before spiking into the close and finishing at session highs. Diversified financial services companies (+2.6%) and diversified banks (+1.6%) underpinned the late advance. Many of them are expected to start repaying government bailout funds next week, according to reports.
Investment services firm BlackRock (BLK 176.56, -6.04) trailed after updating its outlook to reflect its agreement to pay $13.5 billion for the global investors business from Barclays (BCS 19.27, -0.63).
Treasuries found continued support, even as The Wall Street Journal reported that the Fed is unlikely to significantly boost purchases of Treasuries. However, supportive comments from a Japanese official likely provided an underlying bid. In turn, the 10-year Note advanced 18 ticks, which has pushed its yield down to 3.78% after being near 4.0% just a couple of days ago.
Nasdaq -3.57 at 1858.80... S&P Midcap 400 -0.3... NYSE Adv/Dec 1369/1623... Nasdaq Adv/Dec 1236/1442.
If you find these videos or info to be helpful please Tip or donate - <<<< link on the side >>>>.
Contributions: We appreciate all donations, please help keep this site free for the World to see and profit from. You can also help by checking out the great products and services advertised on this page. Thanks again.
Please Feel free to share this blog with your family and friends, Thanks!
If you would like please comment below.
Reuters News:
06/12/09 16:30 ET Dow +28.34 at 8799.26, Nasdaq -3.57 at 1858.80, S&P +1.32 at 946.21:
[BRIEFING.COM] Stocks spent most of the session confined to a narrow trading range in negative territory, but managed to move higher heading into the final leg of trading. Pronounced, late-session moves have been the norm this week, but this one was a bit sloppy as stocks had to fight to hold the advance.
Trading volume was exceptionally low this session, suggesting a lack of conviction in the market's moves and, certainly, a lack of participation. Only around 860 million shares traded hands on the NYSE. That's nearly half the level typically seen in the last 50 sessions.
The latest round of range bound trading came largely as a result of a lack of leadership. Materials stocks (-1.3%), which have provided leadership in recent weeks, were knocked lower as commodities came under pressure amid a rally in the U.S. dollar.
With the Dollar Index advancing 0.9%, the CRB Commodity Index fell 1.5%. Gold prices dropped 2.2% to finish at $940.50 per ounce. Crude oil futures pulled back from 2009 highs to finish 0.8% lower at $72.05 per barrel. News from Reuters that OPEC believes that worst appears to be over for the oil market didn't seem to provide much support.
The downturn in oil prices helped send energy stocks to a 1.0% loss. Oil and gas equipment stocks (-2.5%) and drillers (-2.0%) were among the weakest plays in the sector.
Semiconductor stocks also fell under pressure this session, sending the Semiconductor Index to a 1.8% loss. The downturn came in the face of a less severe-than-expected quarterly loss and in-line revenue outlook from National Semiconductor (NSM 13.59, -0.88). Weakness among semiconductors dragged the tech sector to a 0.2% loss and weighed on the Nasdaq Composite, causing it to underperform the other headline indices.
The upward push into the close helped drive gains in the rest of the market, though. Financial stocks (+0.7%), which were instrumental in the stock market's move from its March lows, had a choppy session before spiking into the close and finishing at session highs. Diversified financial services companies (+2.6%) and diversified banks (+1.6%) underpinned the late advance. Many of them are expected to start repaying government bailout funds next week, according to reports.
Investment services firm BlackRock (BLK 176.56, -6.04) trailed after updating its outlook to reflect its agreement to pay $13.5 billion for the global investors business from Barclays (BCS 19.27, -0.63).
Treasuries found continued support, even as The Wall Street Journal reported that the Fed is unlikely to significantly boost purchases of Treasuries. However, supportive comments from a Japanese official likely provided an underlying bid. In turn, the 10-year Note advanced 18 ticks, which has pushed its yield down to 3.78% after being near 4.0% just a couple of days ago.
Nasdaq -3.57 at 1858.80... S&P Midcap 400 -0.3... NYSE Adv/Dec 1369/1623... Nasdaq Adv/Dec 1236/1442.
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Contributions: We appreciate all donations, please help keep this site free for the World to see and profit from. You can also help by checking out the great products and services advertised on this page. Thanks again.
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Reuters News:
Saturday, June 6, 2009
Weekly Market Update 06/06/09 - Free Stock Market Analysis
Here is the latest trading and free market analysis video on the S&P500 (SPX), SPY, QQQQ, DIA, GLD ETFs and more...
06/05/09 16:25 ET Dow +12.89 at 8763.13, Nasdaq -0.60 at 1849.42, S&P -2.37 at 940.09:
[BRIEFING.COM] Stocks surrendered early gains as enthusiasm for a better-than-expected nonfarm jobs report faded. For the rest of the session stocks generally traded sideways before closing in mixed fashion.
Participants bid stocks higher in the first few minutes of trading after receiving word that payrolls fell by 345,000 during May. Given that the number of job losses were below the 520,000 that were expected and that they declined from the 504,000 that were registered in April, many participants warmed to the notion that macro conditions may be improving, or at least resisting further deterioration.
That consideration aside, unemployment has reached a near 26-year high of 9.4%, up from 8.9%.
The initial lift among stocks took the S&P 500 to fresh 2009 highs, but listless trading left stocks susceptible to an early selling effort, which left stocks to trade in a relatively narrow range for the rest of the session. >> see 6/5/09 post for more info.
If you find these videos or info to be helpful please Tip or donate - <<<< link on the side >>>>.
Contributions: We appreciate all donations, please help keep this site free for the World to see and profit from. You can also help by checking out the great products and services advertised on this page. Thanks again.
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CNBC Videos:
Word on the Street:
The Week that Was:
The Week Ahead:
Reuters News:
06/05/09 16:25 ET Dow +12.89 at 8763.13, Nasdaq -0.60 at 1849.42, S&P -2.37 at 940.09:
[BRIEFING.COM] Stocks surrendered early gains as enthusiasm for a better-than-expected nonfarm jobs report faded. For the rest of the session stocks generally traded sideways before closing in mixed fashion.
Participants bid stocks higher in the first few minutes of trading after receiving word that payrolls fell by 345,000 during May. Given that the number of job losses were below the 520,000 that were expected and that they declined from the 504,000 that were registered in April, many participants warmed to the notion that macro conditions may be improving, or at least resisting further deterioration.
That consideration aside, unemployment has reached a near 26-year high of 9.4%, up from 8.9%.
The initial lift among stocks took the S&P 500 to fresh 2009 highs, but listless trading left stocks susceptible to an early selling effort, which left stocks to trade in a relatively narrow range for the rest of the session. >> see 6/5/09 post for more info.
If you find these videos or info to be helpful please Tip or donate - <<<< link on the side >>>>.
Contributions: We appreciate all donations, please help keep this site free for the World to see and profit from. You can also help by checking out the great products and services advertised on this page. Thanks again.
Please Feel free to share this blog with your family and friends, Thanks!
If you would like please comment below.
CNBC Videos:
Word on the Street:
The Week that Was:
The Week Ahead:
Reuters News:
Friday, June 5, 2009
Weekly Market Update 06/05/09 - Free Stock Market Analysis
Here is the latest trading and free market analysis video on the S&P500 (SPX), SPY, QQQQ, DIA, GLD ETFs and more... I am working on the extended video now please check back later...
06/05/09 16:25 ET Dow +12.89 at 8763.13, Nasdaq -0.60 at 1849.42, S&P -2.37 at 940.09:
[BRIEFING.COM] Stocks surrendered early gains as enthusiasm for a better-than-expected nonfarm jobs report faded. For the rest of the session stocks generally traded sideways before closing in mixed fashion.
Participants bid stocks higher in the first few minutes of trading after receiving word that payrolls fell by 345,000 during May. Given that the number of job losses were below the 520,000 that were expected and that they declined from the 504,000 that were registered in April, many participants warmed to the notion that macro conditions may be improving, or at least resisting further deterioration.
That consideration aside, unemployment has reached a near 26-year high of 9.4%, up from 8.9%.
The initial lift among stocks took the S&P 500 to fresh 2009 highs, but listless trading left stocks susceptible to an early selling effort, which left stocks to trade in a relatively narrow range for the rest of the session.
Industrial stocks (+0.8%) were able to trade with solid gains for the entire session, helping the blue chip Dow Jones Industrial Average keep a marginal lead over the other major indices during the session. General Electric (GE 13.54, -0.21) lagged, though.
Semiconductor stocks (-1.9%) also showed weakness after the Semiconductor Association forecast a 21% year-over-year decline in 2009 worldwide sales. That caused Intel (INTC 15.92, -0.21) to trade lower and weigh on the Nasdaq Composite.
Meanwhile, the S&P 500 finished lower amid broader weakness as its declining issues outnumbered its advancers by nearly 2-to-1.
Financials (-1.5%) and materials stocks (-1.1%) were among the weaker performers in the S&P 500. Weakness in the materials sector mostly stemmed from a drop in commodity prices, which saw the CRB Commodity Index slide roughly 0.7%.
The downturn in commodities was especially noticeable in gold prices, which shed 2.0% to settle at 962.50 per ounce.
General weakness among commodities came as the Dollar Index jumped 1.7% in its best single session advance by percent since January.
Traders continued their selling efforts against Treasuries. That took the benchmark 10-year Note roughly one full point, which has pushed its yield to six-months of highs above 3.8%.
Nasdaq -0.60 at 1849.42... S&P Midcap 400 -0.1... NYSE Adv/Dec 1460/1539... Nasdaq Adv/Dec 1217/1448.
If you find these videos or info to be helpful please Tip or donate - <<<< link on the side >>>>.
Contributions: We appreciate all donations, please help keep this site free for the World to see and profit from. You can also help by checking out the great products and services advertised on this page. Thanks again.
Please Feel free to share this blog with your family and friends, Thanks!
If you would like please comment below.
Reuters News:
06/05/09 16:25 ET Dow +12.89 at 8763.13, Nasdaq -0.60 at 1849.42, S&P -2.37 at 940.09:
[BRIEFING.COM] Stocks surrendered early gains as enthusiasm for a better-than-expected nonfarm jobs report faded. For the rest of the session stocks generally traded sideways before closing in mixed fashion.
Participants bid stocks higher in the first few minutes of trading after receiving word that payrolls fell by 345,000 during May. Given that the number of job losses were below the 520,000 that were expected and that they declined from the 504,000 that were registered in April, many participants warmed to the notion that macro conditions may be improving, or at least resisting further deterioration.
That consideration aside, unemployment has reached a near 26-year high of 9.4%, up from 8.9%.
The initial lift among stocks took the S&P 500 to fresh 2009 highs, but listless trading left stocks susceptible to an early selling effort, which left stocks to trade in a relatively narrow range for the rest of the session.
Industrial stocks (+0.8%) were able to trade with solid gains for the entire session, helping the blue chip Dow Jones Industrial Average keep a marginal lead over the other major indices during the session. General Electric (GE 13.54, -0.21) lagged, though.
Semiconductor stocks (-1.9%) also showed weakness after the Semiconductor Association forecast a 21% year-over-year decline in 2009 worldwide sales. That caused Intel (INTC 15.92, -0.21) to trade lower and weigh on the Nasdaq Composite.
Meanwhile, the S&P 500 finished lower amid broader weakness as its declining issues outnumbered its advancers by nearly 2-to-1.
Financials (-1.5%) and materials stocks (-1.1%) were among the weaker performers in the S&P 500. Weakness in the materials sector mostly stemmed from a drop in commodity prices, which saw the CRB Commodity Index slide roughly 0.7%.
The downturn in commodities was especially noticeable in gold prices, which shed 2.0% to settle at 962.50 per ounce.
General weakness among commodities came as the Dollar Index jumped 1.7% in its best single session advance by percent since January.
Traders continued their selling efforts against Treasuries. That took the benchmark 10-year Note roughly one full point, which has pushed its yield to six-months of highs above 3.8%.
Nasdaq -0.60 at 1849.42... S&P Midcap 400 -0.1... NYSE Adv/Dec 1460/1539... Nasdaq Adv/Dec 1217/1448.
If you find these videos or info to be helpful please Tip or donate - <<<< link on the side >>>>.
Contributions: We appreciate all donations, please help keep this site free for the World to see and profit from. You can also help by checking out the great products and services advertised on this page. Thanks again.
Please Feel free to share this blog with your family and friends, Thanks!
If you would like please comment below.
Reuters News:
Thursday, June 4, 2009
SPY S&P500 SPX QQQQ DIA GLD OIL update 06/04/09 - Free Stock Market Analysis
Here is the latest trading and free market analysis video on the S&P500 (SPX), SPY, QQQQ, DIA, GLD ETFs and more...
06/04/09 16:30 ET Dow +74.96 at 8750.24, Nasdaq +24.10 at 1850.02, S&P +10.70 at 942.46:
[BRIEFING.COM] The stock market overcame a rocky start to trend higher throughout afternoon trading. Though the close was anticlimactic, stocks were still able to log solid gains and reclaim nearly all of the prior session's losses.
Stocks lacked direction in the early going as participants weighed disappointing monthly sales results from retailers against relatively encouraging jobless claims data. Retailers reported unimpressive comparable store sales for May, which left the group to suffer a 1.2% loss. Retailers had been down as much as 3.0% at their session low.
The disappointing sales results came amid challenging macro conditions and tough comparisons. Pressure on retailers isn't expected to lighten up in the immediate future, especially given current weakness in labor markets.
The number of initial jobless claims are slowing, though. Initial weekly claims for the week ending May 30 totaled 621,000, in-line with the consensus estimate. Continuing jobless claims eased back from record highs by coming in at 6.74 million, which is below what was expected. Investors get a broader look at the unemployment picture with tomorrow's nonfarm jobs report, which is due ahead of the opening bell.
Working through a half-hearted selling effort in the early going, stocks were able to move higher for the rest of the session. Gains were strongest in the financial sector, which closed 4.0% higher as bank stocks rallied.
Energy (+2.0%) and materials stocks (+2.2%) were bid higher as participants oscillated back into the sectors after they slumped in the prior session. Participants were partly encouraged by a rise in commodity prices, which saw the CRB Commodity Index rebound 2.6% after it slid 2.7% Wednesday.
Crude oil futures showed particular strength after Goldman Sachs forecast oil at $85 per barrel for 2009, according to Reuters. That helped oil prices reach fresh 2009 highs of $69.60 per barrel in afternoon trading. Oil finished at $68.70 per barrel, up 3.7%.
Nasdaq +24.10 at 1850.02... S&P Midcap 400 +1.4... NYSE Adv/Dec 2343/0... Nasdaq Adv/Dec 1921/743.
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CNBC:
Word on the Street:
Reuters News:
06/04/09 16:30 ET Dow +74.96 at 8750.24, Nasdaq +24.10 at 1850.02, S&P +10.70 at 942.46:
[BRIEFING.COM] The stock market overcame a rocky start to trend higher throughout afternoon trading. Though the close was anticlimactic, stocks were still able to log solid gains and reclaim nearly all of the prior session's losses.
Stocks lacked direction in the early going as participants weighed disappointing monthly sales results from retailers against relatively encouraging jobless claims data. Retailers reported unimpressive comparable store sales for May, which left the group to suffer a 1.2% loss. Retailers had been down as much as 3.0% at their session low.
The disappointing sales results came amid challenging macro conditions and tough comparisons. Pressure on retailers isn't expected to lighten up in the immediate future, especially given current weakness in labor markets.
The number of initial jobless claims are slowing, though. Initial weekly claims for the week ending May 30 totaled 621,000, in-line with the consensus estimate. Continuing jobless claims eased back from record highs by coming in at 6.74 million, which is below what was expected. Investors get a broader look at the unemployment picture with tomorrow's nonfarm jobs report, which is due ahead of the opening bell.
Working through a half-hearted selling effort in the early going, stocks were able to move higher for the rest of the session. Gains were strongest in the financial sector, which closed 4.0% higher as bank stocks rallied.
Energy (+2.0%) and materials stocks (+2.2%) were bid higher as participants oscillated back into the sectors after they slumped in the prior session. Participants were partly encouraged by a rise in commodity prices, which saw the CRB Commodity Index rebound 2.6% after it slid 2.7% Wednesday.
Crude oil futures showed particular strength after Goldman Sachs forecast oil at $85 per barrel for 2009, according to Reuters. That helped oil prices reach fresh 2009 highs of $69.60 per barrel in afternoon trading. Oil finished at $68.70 per barrel, up 3.7%.
Nasdaq +24.10 at 1850.02... S&P Midcap 400 +1.4... NYSE Adv/Dec 2343/0... Nasdaq Adv/Dec 1921/743.
If you find these videos or info to be helpful please Tip or donate - <<<< link on the side >>>>.
Contributions: We appreciate all donations, please help keep this site free for the World to see and profit from. You can also help by checking out the great products and services advertised on this page. Thanks again.
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CNBC:
Word on the Street:
Reuters News:
Wednesday, June 3, 2009
Free Stock Market Analysis - Update 06/03/09 - SPY SPX QQQQ DIA GLD OIL
Here is the latest trading and free market analysis video on the S&P500 (SPX), SPY, QQQQ, DIA, GLD ETFs and more...
06/03/09 16:30 ET Dow -65.63 at 8675.24, Nasdaq -10.88 at 1825.92, S&P -12.98 at 931.76:
[BRIEFING.COM] Poised to take profits after watching stocks climb higher in each of the four previous sessions, participants drove broad-based losses. However, the major indices were able to limit their decline by attracting enough support to make a strong finish.
Commodities were unable to overcome considerable losses as the U.S. dollar recovered from a four session losing streak. The Dollar Index made its best percentage gain since January by climbing 1.3%, but that gave the CRB Commodity Index a 2.8% loss, which is its sharpest decline in one month. Gold, silver, natural gas, and crude oil prices all moved lower.
The sharp drop in commodity prices weighed heavily on materials and energy stocks, which led losses among stocks for nearly the entire session. Weakness in the energy sector was exacerbated by Valero Energy's (VLO 18.40, -3.98) disappointing forecast, which caused oil and gas refiners to dive 15.1% -- their worst single-session showing since October.
Losses among equities were broad-based for nearly the entire session, though health care showed resilience as biotech stocks (+2.7%) found favor. Still, a lowered earnings outlook from Aetna (AET 26.00, -1.27) weighed on managed care providers (-1.9%) and undercut the broader sector (-0.4%).
Economic data came without any significant surprises, so participants were neither dissuaded from selling nor compelled to intensify their push against stocks. The ISM Services Index for May came in at 44.0, and was essentially in-line with expectations, while factory orders for April increased 0.7%, a bit below the 0.9% increase that was widely forecast.
A precursor to Friday's nonfarm payrolls report, the ADP Employment Report showed 532,000 job losses for May. That was generally in step with the consensus forecast.
Though the pace of layoffs has slowed, job conditions remain difficult, which is expected to continue challenging consumer spending in coming months. With unemployment up and no fiscal stimulus checks in the mail, retailers are expected to face difficult same-store sales comparisons in coming months -- several retailers are scheduled to report May sales results Thursday. Shares of retailers slipped 0.9% this session.
Still, many hope that consumer spending will pick up with an economic rebound in the back half of this year. Accordingly, Fed Chairman Bernanke stated during his testimony before the House Budget Committee that overall economic activity is expected to turn up later this year.
Nasdaq -10.88 at 1825.92... S&P Midcap 400 -2.3... NYSE Adv/Dec 839/2178... Nasdaq Adv/Dec 1039/1614.
If you find these videos or info to be helpful please Tip or donate - <<<< link on the side >>>>.
Contributions: We appreciate all donations, please help keep this site free for the World to see and profit from. You can also help by checking out the great products and services advertised on this page. Thanks again.
Please Feel free to share this blog with your family and friends, Thanks!
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CNBC:
Reuters News:
06/03/09 16:30 ET Dow -65.63 at 8675.24, Nasdaq -10.88 at 1825.92, S&P -12.98 at 931.76:
[BRIEFING.COM] Poised to take profits after watching stocks climb higher in each of the four previous sessions, participants drove broad-based losses. However, the major indices were able to limit their decline by attracting enough support to make a strong finish.
Commodities were unable to overcome considerable losses as the U.S. dollar recovered from a four session losing streak. The Dollar Index made its best percentage gain since January by climbing 1.3%, but that gave the CRB Commodity Index a 2.8% loss, which is its sharpest decline in one month. Gold, silver, natural gas, and crude oil prices all moved lower.
The sharp drop in commodity prices weighed heavily on materials and energy stocks, which led losses among stocks for nearly the entire session. Weakness in the energy sector was exacerbated by Valero Energy's (VLO 18.40, -3.98) disappointing forecast, which caused oil and gas refiners to dive 15.1% -- their worst single-session showing since October.
Losses among equities were broad-based for nearly the entire session, though health care showed resilience as biotech stocks (+2.7%) found favor. Still, a lowered earnings outlook from Aetna (AET 26.00, -1.27) weighed on managed care providers (-1.9%) and undercut the broader sector (-0.4%).
Economic data came without any significant surprises, so participants were neither dissuaded from selling nor compelled to intensify their push against stocks. The ISM Services Index for May came in at 44.0, and was essentially in-line with expectations, while factory orders for April increased 0.7%, a bit below the 0.9% increase that was widely forecast.
A precursor to Friday's nonfarm payrolls report, the ADP Employment Report showed 532,000 job losses for May. That was generally in step with the consensus forecast.
Though the pace of layoffs has slowed, job conditions remain difficult, which is expected to continue challenging consumer spending in coming months. With unemployment up and no fiscal stimulus checks in the mail, retailers are expected to face difficult same-store sales comparisons in coming months -- several retailers are scheduled to report May sales results Thursday. Shares of retailers slipped 0.9% this session.
Still, many hope that consumer spending will pick up with an economic rebound in the back half of this year. Accordingly, Fed Chairman Bernanke stated during his testimony before the House Budget Committee that overall economic activity is expected to turn up later this year.
Nasdaq -10.88 at 1825.92... S&P Midcap 400 -2.3... NYSE Adv/Dec 839/2178... Nasdaq Adv/Dec 1039/1614.
If you find these videos or info to be helpful please Tip or donate - <<<< link on the side >>>>.
Contributions: We appreciate all donations, please help keep this site free for the World to see and profit from. You can also help by checking out the great products and services advertised on this page. Thanks again.
Please Feel free to share this blog with your family and friends, Thanks!
If you would like please comment below.
CNBC:
Reuters News:
Monday, June 1, 2009
SPY S&P500 SPX QQQQ DIA GLD OIL update 06/01/09 - Free Stock Market Analysis
Here is the latest trading and free market analysis video on the S&P500 (SPX), SPY, QQQQ, DIA, GLD ETFs and more...
06/01/09 16:30 ET Dow +221.11 at 8721.44, Nasdaq +54.35 at 1828.68, S&P +23.73 at 942.87:
[BRIEFING.COM] Thanks to a concerted, broad-based buying effort amid pleasing economic data, the S&P 500 climbed to fresh highs for 2009 and managed to close above its 200-day moving average for the first time since December 2007.
There wasn't any individual catalyst for the upward push, just pleasing economic data in the U.S. and abroad.
That notion was supported by news that personal spending for April declined a moderate 0.1%, which was better than expected and an improvement from the previous month, while personal income for April showed a surprise 0.5% increase in the face of loose labor conditions.
Construction spending for April also registered an unexpected increase by climbing 0.8% month-over-month.
The ISM Manufacturing Index for May came in at 42.8, which was largely in-line with expectations, but up from the prior month. Though the reading indicates manufacturing activity continues to contract, the pace of contraction is decelerating.
Meanwhile, upbeat PMI data in both China and Europe supported foreign indices, and even looped back to the U.S. to help extend the surge that U.S. stocks saw in the final hour of trading last week.
Given the impressive gains in the U.S. and abroad, the Dow Jones World Index climbed 2.6% Monday.
Retailers in the S&P 500 saw some of the best gains. They spiked 6.1%, which helped the consumer discretionary sector climb 4.6%. The sector was also helped by a 6.4% advance by automakers, even as General Motors (GM 0.75, +0.00) confirmed all previous suspicion by announcing that it will enter bankruptcy with the help of the U.S. government, which is investing $30 billion for a 60% stake in the company.
As a result of the filing, GM will lose its long-held position in the Dow. Cisco (CSCO 19.50, +1.00) will replace GM, effective June 8.
Strength in blue-chips helped the Dow cut into its year-to-date loss, which now stands at less than 1%.
Industrial stocks climbed 4.7%, more than any other major sector. Tech tacked on 3.3%, helping the Nasdaq Composite outperform the other headline indices and close above its 200-day moving average for the fifth consecutive session.
The broad-based buying effort helped nine of the 10 major sectors in the S&P 500 finish higher. Telecom (-0.4%) was the only sector to finish lower, but financial stocks (+0.5%) and health care stocks (+0.5%) also lagged the broader market.
Commodities also logged an impressive session as the CRB Commodity Index spiked 3.1% to log its best single-session advance by percent in two months. It was helped along by rising crude oil prices, which logged another 2009 closing high by finishing pit trading 3.2% higher at $68.40 per barrel.
Treasuries were knocked around again. The benchmark 10-year Note shed 58 ticks, which pushed its yield up to 3.68%. The 10-year Note had been down more than two full points during the session.
Nasdaq +54.35 at 1828.68... S&P Midcap 400 +3.7... NYSE Adv/Dec 2507/568... Nasdaq Adv/Dec 2042/647.
If you find these videos or info to be helpful please Tip or donate - <<<< link on the side >>>>.
Contributions: We appreciate all donations, please help keep this site free for the World to see and profit from. You can also help by checking out the great products and services advertised on this page. Thanks again.
Please Feel free to share this blog with your family and friends, Thanks!
If you would like please comment below.
CNBC: Word on the Street:
Reuters News:
06/01/09 16:30 ET Dow +221.11 at 8721.44, Nasdaq +54.35 at 1828.68, S&P +23.73 at 942.87:
[BRIEFING.COM] Thanks to a concerted, broad-based buying effort amid pleasing economic data, the S&P 500 climbed to fresh highs for 2009 and managed to close above its 200-day moving average for the first time since December 2007.
There wasn't any individual catalyst for the upward push, just pleasing economic data in the U.S. and abroad.
That notion was supported by news that personal spending for April declined a moderate 0.1%, which was better than expected and an improvement from the previous month, while personal income for April showed a surprise 0.5% increase in the face of loose labor conditions.
Construction spending for April also registered an unexpected increase by climbing 0.8% month-over-month.
The ISM Manufacturing Index for May came in at 42.8, which was largely in-line with expectations, but up from the prior month. Though the reading indicates manufacturing activity continues to contract, the pace of contraction is decelerating.
Meanwhile, upbeat PMI data in both China and Europe supported foreign indices, and even looped back to the U.S. to help extend the surge that U.S. stocks saw in the final hour of trading last week.
Given the impressive gains in the U.S. and abroad, the Dow Jones World Index climbed 2.6% Monday.
Retailers in the S&P 500 saw some of the best gains. They spiked 6.1%, which helped the consumer discretionary sector climb 4.6%. The sector was also helped by a 6.4% advance by automakers, even as General Motors (GM 0.75, +0.00) confirmed all previous suspicion by announcing that it will enter bankruptcy with the help of the U.S. government, which is investing $30 billion for a 60% stake in the company.
As a result of the filing, GM will lose its long-held position in the Dow. Cisco (CSCO 19.50, +1.00) will replace GM, effective June 8.
Strength in blue-chips helped the Dow cut into its year-to-date loss, which now stands at less than 1%.
Industrial stocks climbed 4.7%, more than any other major sector. Tech tacked on 3.3%, helping the Nasdaq Composite outperform the other headline indices and close above its 200-day moving average for the fifth consecutive session.
The broad-based buying effort helped nine of the 10 major sectors in the S&P 500 finish higher. Telecom (-0.4%) was the only sector to finish lower, but financial stocks (+0.5%) and health care stocks (+0.5%) also lagged the broader market.
Commodities also logged an impressive session as the CRB Commodity Index spiked 3.1% to log its best single-session advance by percent in two months. It was helped along by rising crude oil prices, which logged another 2009 closing high by finishing pit trading 3.2% higher at $68.40 per barrel.
Treasuries were knocked around again. The benchmark 10-year Note shed 58 ticks, which pushed its yield up to 3.68%. The 10-year Note had been down more than two full points during the session.
Nasdaq +54.35 at 1828.68... S&P Midcap 400 +3.7... NYSE Adv/Dec 2507/568... Nasdaq Adv/Dec 2042/647.
If you find these videos or info to be helpful please Tip or donate - <<<< link on the side >>>>.
Contributions: We appreciate all donations, please help keep this site free for the World to see and profit from. You can also help by checking out the great products and services advertised on this page. Thanks again.
Please Feel free to share this blog with your family and friends, Thanks!
If you would like please comment below.
CNBC: Word on the Street:
Reuters News:
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