Weakness out of Europe and a couple of mixed earnings reports provide the backdrop for today’s action, with the major indexes all trading in the red. Next week will be big on the earnings front, with almost 150 S&P 500 members on...
Jobless claims clung to a higher rung of its 275K-300K range by posting initial claims of 294K for the week. This is an increase of 12K from the previous week, which was further revised up 1K. The 4-week moving average,
A soft Retail Sales reading and a positive start to bank sector earnings provides the backdrop for today's session. On the data front, this morning' Retail Sales reading came short of estimates, but the modest...
This morning’s soft private-sector jobs report from the ADP jobs report is in line with the recent trend of weakening economic momentum — the data is still strong, but nevertheless on the weak side. The picture emerging from the data thus far is that the...
Alcoa’s (AA) earnings release on April 8th will put the spotlight on the Q1 earnings season. But trends in estimate revisions are setting up Q1 as a very weak reporting cycle. The magnitude of negative revisions that...
The spotlight is on the Fed today, with market participants expecting today’s Fed statement, economic projections and Chairwoman Janet Yellen’s press conference to provide clarity for interest rate policy going forward.
The jobs report reconfirms that the U.S. recovery is for real and here to stay. The Fed may or may not be ready to start the long-awaited tightening cycle in June, but this report shows all over again that the economy is...
This morning’s ADP (ADP) jobs report is in line with the recent trend of weakening economic momentum — the data is still strong, but it is nevertheless a tad bit on the weak side. The ADP read came in slightly...
The GDP report doesn’t give stocks enough reason to build on their recent gains. That’s particularly the case after a very strong month for stocks that has pushed the broad indexes into record territory, with even...
We started today’s session essentially flat with another day of Janet Yellen testimony dominating the headlines. The Fed chairwoman performed quite a feat Tuesday in front of the Senate Banking Committee and will...
Lingering Greece-related questions appear to be weighing on market sentiment, offsetting favorable economic data from the region and expectations of a constructive resolution to that country’s monetary issues.
Stocks opened in the red this morning, with Greece cited again as the culprit following another inconclusive meeting with its creditors on Monday. Greece notwithstanding, stocks have had a good run in...
Stocks appear on track to continue the positive momentum from Thursday in today’s session, with positive news out of Europe helping boost sentiment. Good to know that Europe is capable of producing...
Feb 10 – Cris Sheridan welcomes Sheraz Mian, Director of Research at Zacks Investment Research. Sheraz and Cris discuss Fourth Quarter earnings trends in addition to what corporations expect...
The jobs report reconfirms that the U.S. recovery is for real and here to stay. What this means is that the U.S. economy is more than capable of absorbing the coming Fed tightening cycle, notwithstanding...
Without much on the data front this morning, optimism about Greece is giving stocks an early boost. The turnaround in oil prices is helping Energy sector stocks, as well. Greece’s new government appears to...
The Fed meeting and a barrage of earnings reports provide the backdrop for today’s trading action. Stocks were down big on Tuesday in response to weak earnings reports from a host of blue-chip operators.
Stocks will likely continue to cheer the big monetary stimulus from the European Central Bank (ECB) even as the picture emerging from Q4 earnings season is less than reassuring. Oil has been a big drag on earnings.
It’s all about Europe today, with the region’s central bank finally coming around to doing things that they had long promised they would do. Markets were looking for the Euro-zone version of the QE and the ECB...
So far, early Q4 2014 earnings season is being eclipsed by bigger headlines elsewhere. This morning, the Swiss National Bank has made the surprise decision to remove its long-standing exchange rate of 1.20 Swiss francs to 1 euro.
