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Monthly Archive: August 2014

Aug 28

Stocks climb to yet another record on Wednesday

Market Recap: Stocks climbed to yet another record on Wednesday, marking the 31st new all-time high reached by the S&P 500 this calendar year. Gains were muted as investors weighed positive economic news against rising geopolitical tensions between Ukraine and Russia. Moreover, volume slowed to a trickle as many market participants are away on holiday. …

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Aug 26

All 10 sectors of S&P were high

Market Recap: The S&P 500 crossed 2,000 for the first time in its history on Monday, before closing slightly off the record level (read our interview in The Financial Times here). Abating geopolitical fears were the principal factors causing investors to push major indexes to new highs, as M&A activity continues and overall economic data …

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Aug 25

Equity futures point to a higher open

Market Recap: In spite of Friday’s minimal losses for equity indexes, markets had their best week since early July, with sectors of the S&P gaining nearly 1% for the week. Better than forecast economic data, strong earnings and an overall improving outlook all helped overcome geopolitical fears. In spite of the gains, investors are advised …

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Aug 22

Next Week’s Market Moving Events

Market Recap: Stocks inched higher on Thursday as investors mulled better than forecast economic data ahead of the annual Jackson Hole meeting by Central Bankers and highly anticipated speeches by U.S. Fed Chair Janet Yellen and ECB President Mario Draghi. Major indexes gained around ¼% with 7 out of ten sectors of the S&P rising …

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Aug 21

S&P continues its march towards 2,000

Market Recap: Stocks continued their climb on Wednesday, rising for a third day in a row as economic news remained positive and the FOMC minutes indicated a further dovish stance by the voting members. However, dissent regarding the timing of the first interest rate hike continues to grow, with more FOMC members and Fed Governors …

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Aug 19

Strong rally as geopolitical tensions

Market Recap: Stocks kicked off the week with a strong rally as geopolitical tensions between Russia and Ukraine eased and word spread that Kurdish soldiers had secured a large portion of land surrounding Iraq’s largest dam, effectively pushing back ISIS and greatly reducing the risk of the terrorist group blowing up the dam and flooding …

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Aug 18

Markets could experience additional volatility this week

Market Recap: Stocks were volatile but generally higher last week, as investors concerns over geopolitical events were pitted against relatively strong economic data and better than forecast earnings reports. For the week, the S&P climbed just under 1%, with most sectors in positive territory. Looking Ahead: With earnings season coming to a close, and with …

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Aug 15

Stocks climb out of the gate

Market Recap: Stocks climbed out of the gate on Thursday and after a choppy first hour of trading settled to close up about 1/3%. Biotech stocks continued their rebound and led markets higher, as most sectors of the S&P gained ground. Energy shares fell, as did oil and gasoline prices after Russian President Vladimir Putin …

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Aug 14

Volatility back to the forefront

Market Recap: Investors shrugged off a slightly disappointing July retail sales report, instead focusing on positive earnings and the improving economic environment. Stocks climbed out of the gate on Wednesday, ending the day near their highs – up over ½%, with the NASDAQ climbing just over 1%. All sectors of the S&P were higher with …

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Aug 13

Stocks vacillated near flat

Market Recap: Stocks vacillated near flat for most of the day, as a lack of news ahead of Wednesday’s deluge of data and earnings kept many market participants on the sidelines. Sectors of the S&P were mostly lower as Financials and Telecom shares were the only sectors in positive territory. Commodities were mostly lower as …

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