June 5, 2012
Equities Sector Coverage: Wall Street Inches Up As Investors Watch Europe
 The Nonmanufacturing ISM index came in at 53.7 in May, above expectations, but the employment component fell to 50.8 questioning job creation. The Dow Jones Industrial Average traded down to 12,072.17 then up to 12,140.59 going into the final half hour of trading, staying well below its 200-day simple moving average at 12,263. The NASDAQ traded down to 2749.34 then up to 2780.99 trading on both sides of its 200-day simple moving average at 2761. Asian stocks had a modest recovery on Tuesday. The Nikkei 225 ended the day at 8,382 – up 1.04%. The Hang Seng ended the day at 18,259 – up 0.40%. European exchanges were mixed again on Tuesday. The FTSE 100 remained closed at 5,260 – down 1.14% on Friday. The DAX ended the day at 5,922 – down 0.90%. The CAC 40 ended the day (more)…
May 15, 2012
Equities Sector Coverage: Stocks Continue to Break Lower
 CPI was flat in April, up 0.2% excluding food and energy. Retail Sales rose just 0.1% in April with and without autos. After a Dip in April, the NAHB Home Builder Index jumped 5 points to 29 in May. The Dow Jones Industrial Average traded down to 12,672.80 on Tuesday then up to 12,758.43 then plunged to 12,608.16 into the final half hour of trading. The NASDAQ traded down to 2902.30 Tuesday then up to 2930.68 then declined to 2889.39 into the final half hour of trading. Asian stocks were mixed on Tuesday. The Nikkei 225 ended their session at 8,900 – down 0.81% on the day. The Hang Seng ended their session at 19,894 – up 0.81% on the day. European exchanges opened higher on Tuesday but slipped into the red at the closes. The FTSE 100 ended their (more)…
May 1, 2012
Equities Sector Coverage: Stocks Rebound as May Starts Off in Green
 Construction Spending in March was weaker than expected with a rise of just 0.1%. The ISM manufacturing index was stronger than expected in April at 54.8. The Dow Jones Industrial Average traded down to 13,174.65 then rebounded to 13,338.66 taking out the March 16th high at 13,289.08. The NASDAQ’s traded down to 3041.62 then rebounded to 3085.40 staying below it’s March 27th high at 3134.17. Asian stocks were mixed on Tuesday. The Nikkei 225 ended their session at 9,351 – down 1.78% on the day. The Hang Seng was closed at 21,094. European exchanges were mixed on Tuesday. The FTSE 100 ended their session at 5,812 – up 1.30% on the day. The DAX was closed at 6,761. The CAC 40 was closed at 3,213. The yield on the 10-Year US Treasury ended the day at 1.952 below its 50-day (more)…
April 26, 2012
Equities Sector Coverage: Wall Street Moves Higher on Improving Data
 Initial Jobless Claims rose to 388,000 moving further above the 350,000 recessionary threshold. The Dow Jones Industrial Average rallied to a day’s high at 13,227.82 going into the final half hour of trading above its 50-day simple moving average at 13,027. The NASDAQ’s rebounded to 3056.77 going into the final half hour of trading above its 50-day simple moving average at 3018. Asian stocks were higher on Thursday. The Nikkei 225 ended their session at 9,562 – up 0.01% on the day. The Hang Seng ended their session at 20,810 – up 0.79% on the day. European exchanges were mixed on Thursday. The FTSE 100 ended their session at 5,749 – up 0.52% on the day. The DAX ended their session at 6,740 – up 0.53% on the day. The CAC 40 ended their session at 3,229 – down 0.13% (more)…
April 23, 2012
Equities Sector Coverage: Wall Street Turning Bearish?
 The Dow Jones Industrial Average declined to a day’s low at 12,845.58 below its 50-day simple moving average at 13,012. The NASDAQ’s declined to a day’s low at 2946.04 below its 50-day simple moving average at 3013. Asian stocks were lower on Monday. The Nikkei 225 ended their session at 9,542 – down 0.20% on the day. The Hang Seng ended their session at 20,624 – up 1.84% on the day. European stocks moved higher on Friday. European exchanges began the week with heavy losses in reaction to potentially perilous political developments in the Netherlands and France. There were also several disappointing economic reports from across the world. The FTSE 100 ended their session at 5,666 – down 1.85% on the day. The DAX ended their session at 6,523 – down 3.36% on the day. The CAC 40 ended their (more)…
February 7, 2012
Equities Sector Coverage: Wall Street Trades Higher as Investors Remain Optimistic
 The Dow Jones Industrial Average traded down to 12,782.57 then traded above 12,900 going into the final hour of trading, which was above its May 2nd 2011 high at 12,876.00. The NASDAQ opened below 2900 on Tuesday but then rebounded to 2910.27. The S&P 500, Dow Transports and Russell 2000 still lag their 2011 highs at 1370.58, 5627.85 and 868.57 respectively. Asian stocks closed slightly lower on Tuesday with the Nikkei 225 ending their session 8,918 – down 0.13% on the day. The Hang Seng closed at 20,699 – down 0.05% on the day. European stocks opened lower as German production plummets in December, but by the closes these markets were mixed. The FTSE 100 ended their session at 5,890 – down 0.03% on the day; the DAX ended their session at 6,754 – down 0.16% on the day; and (more)…
February 2, 2012
Equities Sector Coverage: Wall Street Ends Mostly Flat Ahead of Jobs Report
 Initial Jobless Claims fell to 367,000 but remain above the 350,000 recessionary threshold. Nonfarm Productivity rose 0.7% in the 4th quarter 2011 with Unit Labor Costs up 1.2%. The Dow Jones Industrial Average opened slightly higher at 12,741.89 then dipped to 12,676.05 staying below its May 2nd 2011 high at 12,876.00. The NASDAQ traded up to 2868.23 staying below its May 2nd 2011 high at 2887.75. The day’s low was 2849.40. Both the Dow and NASDAQ entered the final hour of trading around the middle of the day’s trading ranges. Asian stocks were higher on Thursday with the Nikkei 225 ending their session 8,877 – up 0.76% on the day. The Hang Seng closed at 20,739 – up 2.00% on the day. European stocks were also higher on Thursday. The FTSE 100 ended their session at 5,797 – up 0.12% (more)…
January 9, 2012
Equities Sector Coverage: Stocks Flat As Earnings Season Starts
 The Dow Jones Industrial Average traded up to 12,401.02 then down to 12,333.85 then consolidated that trading range into the final half hour of trading. The NASDAQ traded up to 2683.78 then down to 2662.96 then consolidated above its 200-day simple moving average at 2660. Asian stocks were mixed on Monday with the Nikkei 225 closed at 8,390, and the Hang Seng ending their session at 18,866 – up 1.47% on the day. European stocks were also mixed on Monday. The FTSE 100 ended their session at 5,612 – down 0.66% on the day; the DAX ended their session at 6,017 – down 0.67% on the day; and the CAC 40 ended their session at 3,146 – up 0.28% on the day. The yield on the 10-Year US Treasury note declined from 1.986 percent to 1.918 versus its 50-day simple (more)…
January 5, 2012
Equities Sector Coverage: Stocks Overcome Early Drop to End Flat
 ADP reported that the private sector added 325,000 jobs in December. Initial Jobless Claims fell to 372,000 last week still above the recessionary threshold of 350,000. Non-manufacturing ISM came in below expectations at 52.6 with the employment component at 49.4, which is a sign that the services industries are not creating jobs. The Dow Jones Industrial Average opened lower trading down to 12,283.90 then rebounded to an afternoon high above 12,435. The NASDAQ traded down from 2647.52 to 2631.23 then rebounded to 2673.56 above its 200-day simple moving average at 2660. Asian stocks were mixed on Thursday with the Nikkei 225 ending their session at 8,489 – down 0.83% on the day, and the Hang Seng ending their session at 18,813 – up 0.46% on the day. European stocks moved lower on Thursday. The FTSE 100 ended their session at (more)…
December 20, 2011
Equities Sector Coverage: Santa Claus Rally on the Way to Wall Street?
 Housing Starts data showed a better-than-expected rise of 9.3% in November to an annual rate of 685,000 units. Permits rose by 5.7% to a 681,000 unit rate. The Dow Jones Industrial Average surged back above its 50-day and 200-day simple moving averages at 11,833 and 11,936 with a day’s high at 12,117.13. The NASDAQ rebounded from 2566.87 to 2604.52 lagging its 50-day and 200-day simple moving averages at 2617 and 2663. Asian stocks were slightly higher on Tuesday with the Nikkei 225 ending the day at 8,336 – up 0.49%, and the Hang Seng ending the day at 18,080 – up 0.06%. European stocks surged as euro zone concerns ebb. The FTSE 100 ending the day at 5,420 – up 1.02%; the DAX ending the day at 5,847 – up 3.11%; and the CAC 40 ending the day at 3,055 (more)…
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