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Dow, S&P 500 Close At Record Highs
Wednesday, November 5, 2014 - 6:04pm | 859Read More...U.S. stocks were mostly higher after Republicans took control of the Senate after Tuesday's elections as the Dow Jones Industrial Average (INDEXDJX: .DJI) and S&P 500 (INDEXSP: .INX) both closed at historical all-time highs. "Congress will pass some bills I cannot sign; I'm...
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KeyBanc: M&A And Potential Trade Cases Strengthen Certain Steel Companies
Monday, August 4, 2014 - 12:42pm | 697Read More...According to analysts at KeyBanc, there exists a solid stream of macro-economic and other data sects which indicates there exists a demand recovery in the steel market. This bodes well for the risk-reward characteristics in shares of United States Steel (NYSE: X) and Steel Dynamics (NASDAQ:...
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Euro Unphased By Poor German Data
Wednesday, June 25, 2014 - 10:18am | 481Read More...The euro was steady at $1.3608 at 5:47 GMT on Wednesday morning despite further data from the region which indicated that the economy was struggling. Instead, the common currency found momentum from a testimony by Bank of England chief Mark Carney on Tuesday. Carney told UK lawmakers that the...
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Market Wrap For June 4: Markets Slightly Higher On Light Volume, Beige Book
Wednesday, June 4, 2014 - 4:38pm | 2314Read More...U.S. stocks were moderately higher as the S&P 500 continues to reach new highs. Investors found plenty of positives after the Federal Reserve released its summary of commentary on current economic conditions, also known as the “Beige Book.” “All twelve Federal Reserve...
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Market Wrap For April 30: Markets Positive Despite Fed Tapering and GDP Rising Less Than Expected
Wednesday, April 30, 2014 - 4:35pm | 3030Read More...U.S. stocks rose as investors cheered the latest move by the Federal Reserve who stacked on another $10 billion to its tapering effort. By doing so, the central bank has lowered its asset purchases to $45 billion per month. “Information received since the Federal Open Market Committee met in...
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Market Wrap For April 3: Markets Winning Streak Fails To Extend To Five Days
Thursday, April 3, 2014 - 5:50pm | 2205Read More...U.S. stocks were unable to post its fifth consecutive day of gains as the weekly jobless claims figure gained more than expected. Investors and traders were likely sitting on the sideline, waiting for Friday's monthly government jobs. Economists are expecting a gain of 197,000 new jobs in March...
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Market Wrap For February 5: Markets Unsure Of Which Direction To Take
Wednesday, February 5, 2014 - 5:47pm | 3034Read More...U.S. stocks finished the day almost unchanged as investors and traders were presented with a mixed bag of data today. A better than expected report on the service sector negated another report that showed that companies added fewer employees to their payrolls than anticipated in January. The...
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Benzinga Market Primer: Thursday, August 22: Fed Minutes Offer Little Guidance, Bets Still On For September Tapering
Thursday, August 22, 2013 - 6:45am | 1326Read More...The FOMC minutes provided little guidance as to when the Fed will begin to pare its stimulus; however the minutes did confirm that all of the US central bankers were in agreement that the tapering should begin sometime this year. Top News In other news around the markets: In the FOMC minutes, a...
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Benzinga Market Primer: Thursday, August 1: Futures Up On Europe and Asia
Thursday, August 1, 2013 - 6:57am | 1108Read More...Futures Higher on Economic Data U.S. equity futures are significantly up in early pre-market trade based on strong Asian and European PMI data. In addition, the Bank of England and European Central Bank are expected to reaffirm a policy of easing Thursday morning. Top News Eurozone...
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Benzinga Market Primer: Tuesday, July 23: Futures Higher on Earnings
Tuesday, July 23, 2013 - 6:35am | 1217Read More...Futures Higher On Earnings U.S. equity futures rose on the back of some strong earnings in the U.S. from notable companies including Halliburton (NYSE: HAL) and Texas Instruments (NASDAQ: TXN). As earnings season kicks into high gear this week, expect earnings to continue to drive markets. Top...
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Benzinga Market Primer for Thursday, November 1
Thursday, November 1, 2012 - 6:09am | 1040Read More...U.S. equity futures fell in early Thursday trading despite Chinese manufacturing data showing that China's manufacturing sector continued to bottom. The official PMI was released at 50.2 for October, slightly lower than estimates of a 50.3 reading but above the previous reading of 49.8, showing a...
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European PMI Falls More Than Expected
Wednesday, May 2, 2012 - 12:01pm | 228Read More...Markets declined today after the release of European PMI and ADP data that missed expectations. Markit's Eurozone Manufacturing Purchasing Managers' Index declined in April to its lowest level since 2009. April Eurozone unemployment rose by 169,000. EURO/USD dropped from a high of 1.323 this...
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HSBC Warns that China's Economy is Slowing Down
Wednesday, February 22, 2012 - 7:31am | 705Read More...The latest data from a monthly HSBC (NYSE: HBC) survey on Chinese economic activity shows that China's rapid economic growth continues to cool. Although the HSBC Flash China Purchasing Managers' Index (PMI) for February rose to 49.7, up from 48.8 in January, anything below 50 is considered a sign...
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UPDATE: Goldman Sachs Upgrades Graco to Buy
Wednesday, January 11, 2012 - 11:06am | 84Read More...Goldman Sachs Upgrades Graco (NYSE: ROK) to Buy on encouraging ECB liquidity actions in December and recent GLI and PMI readings that can increase risk-taking in 1H12. Goldman Sachs notes, however, that "key macro questions remain, including the form of structural change in Europe and...
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UPDATE: Goldman Sachs Upgrades Rockwell Automation to Buy
Wednesday, January 11, 2012 - 11:04am | 85Read More...Goldman Sachs Upgrades Rockwell Automation (NYSE: ROK) to Buy on encouraging ECB liquidity actions in December and recent GLI and PMI readings that can increase risk-taking in 1H12. Goldman Sachs notes, however, that "key macro questions remain, including the form of structural change in Europe...











