Tag: market news

Major Averages Close Firmly Positive After Seeing Early Weakness

Posted on by The INO.com Team

(RTTNews) - After moving modestly lower in early trading, stocks showed a substantial turnaround over the course of the trading day on Friday. The markets benefited from a positive reaction to the latest reports regarding the world's central banks.

Housing stocks showed a strong move to the upside over the course of the trading day, driving the Philadelphia Housing Sector Index up by 1.3 percent. With the gain, the index reached a four-year closing high. Continue reading "Major Averages Close Firmly Positive After Seeing Early Weakness" →

Stocks Close Firmly Negative

Posted on by The INO.com Team

(RTTNews) - Stocks moved notably lower over the course of the trading day on Thursday after turning in a mixed performance in the previous session. Disappointing jobs data weighed on the markets along with continued worries about Europe.

The major averages moved roughly sideways going into the close of trading, stuck firmly in negative territory. The Dow fell 115.30 points or 0.9 percent to 13,057.46, the Nasdaq slid 20.27 points or 0.7 percent to 3,053.40 and the S&P 500 slid 11.41 points or 0.8 percent to 1,402.08. Continue reading "Stocks Close Firmly Negative" →

Fed moves seem less like a sure thing

Posted on by The INO.com Team

Imminent action, it seems, wasn't so imminent after all.

The stock market recovered most of its Wednesday afternoon decline after the Federal Reserve hinted that it was close to taking more action to try to prop up the economy. But Thursday morning, those gains had all disappeared, after one top Fed official cautioned that more moves from the Fed were hardly a sure thing. Continue reading "Fed moves seem less like a sure thing" →

Greece seeks more time; Juncker meets with Samaras

Posted on by The INO.com Team

Greece needs more time to implement tough financial reforms and spending cuts, Prime Minister Antonis Samaras says as he starts the first of a series of top-level European meetings to discuss his debt-ridden country's international bailout.

Jean-Claude Juncker, head of the Eurogroup, the body representing the finance ministers of the 17 countries that use the euro, arrived in Athens Wednesday afternoon to meet with Samaras and his finance minister, Yannis Stournaras. The Greek premier then heads to Berlin later this week to meet with German Chancellor Angela Merkel and on to Paris to see French President Francois Hollande. Continue reading "Greece seeks more time; Juncker meets with Samaras" →

US market futures slip, following worldwide trend

Posted on by The INO.com Team

U.S. futures traded modestly lower Wednesday, following the trend in worldwide markets.

Dow Jones industrial average futures dipped 0.2 percent to 13,170. Standard & Poor's 500 futures slid 0.3 percent to 1,408.60, and Nasdaq 100 futures gave up 0.2 percent to 2,768.75.

In a quiet week, there are a few key points traders are watching. Data on sales of previously occupied homes for July will be released at 10 a.m. Eastern time. Economists expect the report to show that sales edged higher by about 3 percent from June, which had the slowest sales pace since October. Continue reading "US market futures slip, following worldwide trend" →