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Category Archive: Uncategorized

Apr 18

Wall St falls after oil meeting fails to result in production freeze

Market Recap 4/15/16: U.S. stocks fell on Friday, pressured by energy shares as investors bet that a meeting of major oil-producing nations would do little to clear up the commodity’s oversupply glut. Though the correlation has somewhat faded of late, Wall Street remains closely tied to crude oil prices. Investors are worried that persistently weak …

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Apr 15

Wall St flat with Citigroup results on tap

Market Recap 4/14/16:   U.S. stocks closed flat on Thursday, with investors finding few reasons to keep pushing shares higher following two strong days of gains, especially with questions remaining over the upcoming earnings season. While there have been some positive results thus far in the season – most notably JPMorgan (JPM) – investors continue …

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Apr 14

Wall St flat, investors await more earnings

Market Recap 4/13/16:   U.S. stocks rallied on Wednesday, with major indexes gaining more than 1 percent and the S&P 500 ending at a four-month high. The gains followed better-than-expected results from JPMorgan & Co (JPM). The bank was the first Dow component to report this season, as well as the first major financial, a …

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Apr 13

Wall St rallies on oil gain, JPMorgan results

Market Recap 4/12/16:   U.S. stocks rallied on Tuesday, boosted by energy shares as crude oil jumped more than 4 percent, ending at its high of the year. The surge came following a report that Russia and Saudi Arabia – two major oil producers – had agreed to freeze their output. The measure is seen …

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Apr 12

Wall St mixed as earnings season begins

Market Recap 4/11/16:   U.S. stocks closed lower on Monday, with caution edging up ahead of the first-quarter earnings season. Profits are seen falling sharply this quarter, in what could be the S&P 500’s third consecutive quarterly earnings pullback. The economy is already in an earnings recession – defined as two straight quarters of negative growth …

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Apr 11

U.S. stocks edge up ahead of earnings season

Market Recap 4/8/16: U.S. stocks ended higher on Friday, following data that showed a drop in crude oil stockpiles. The report was a positive sign for demand and helped lift crude oil prices by more than 6 percent, a rally that sharply boosted energy shares. The energy sector has been a concern for investors of …

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Apr 08

Wall St rises following positive Yellen comments

Market Recap 4/7/16:   U.S. stocks fell sharply on Thursday, with major indexes sinking more than 1 percent in a broad decline. Investors fled risky assets like stocks in favor of ones that are seen as safe-havens, like gold. The decline followed a rally in Wednesday’s session, when minutes from the Federal Reserve’s most recent …

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Apr 07

Wall St edges lower as investors digest recent Fed minutes

Market Recap 4/6/16:   U.S. stocks rose on Wednesday, boosted by comments from the Federal Reserve that indicated the central bank was unlikely to raise interest rates before June. Investors have been cautious about Fed policy of late, given uncertainty over when and how frequently rate hikes could be expected. An aggressive Fed is considered …

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Apr 06

Wall St edges up ahead of Fed minutes

Market Recap 4/5/16:   U.S. stocks fell on Tuesday as investors took profits following a rally that recently took major indexes to their highs of the year. This was the second straight daily decline for markets, with apprehension growing ahead of the first-quarter earnings season, which unofficially begins next week. The season is expected to show a pronounced year-over-year drop …

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Apr 05

Wall St retreats as crude oil moves lower

Market Recap 4/4/16:   U.S. stocks fell on Monday as investors took profits following a recent rally that had taken major indexes to their highs of the year. Some of the market’s biggest recent gainers – including industrial and material companies – saw sharp declines on the day, with energy particularly hit by a drop in …

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