Looking ahead to Thursday’s action, the market will get a chance to react to weekly unemployment claims.
Dec 03, 2008 4:20pm
Banks, brokerages and other financial firms were clearly a source of strength for stocks today
Dec 03, 2008 4:17pm
Energy stocks were a drag on stocks for most of the day, and the Energy Select Sector SPDR was basically flat right before the close.
Dec 03, 2008 4:17pm
Crude slipped $0.17 a barrel to $46.79 and notched 3-1/2-year lows during the U.S. trading session despite a drop in inventory levels.
Dec 03, 2008 4:17pm
The weekly MBA Mortgage Application index jumped 112% today to the highest level since mid-February, encouraging the rally.
Dec 03, 2008 4:15pm
The fact that small caps finished off the day with a positive print is a minor victory for a downtrodden market.
Dec 03, 2008 4:14pm
Small caps outperformed the Dow for the day, but still lag the big-cap index for 2008.
Dec 03, 2008 4:14pm
Small-cap stocks pushed higher Wednesday, overcoming a glut of gloomy economic reports as investors snapped up bargains.
Dec 03, 2008 4:13pm
Crude oil prices stabilized after weekly inventory reports showed a decline in crude oil stockpiles and a drop in refined products.
Dec 03, 2008 12:30pm
Obama: Automakers appear to be formulating “more serious” business models to help justify a government bailout of the ailing sector.
Dec 03, 2008 12:30pm
The ISE Homebuilders Index jumped 10% and small-cap homebuilders were among the best performers in the group.
Dec 03, 2008 12:26pm
The ability to rally after a bad reading on the ADP Employment Survey ahead of Friday’s big monthly employment report was a positive sign.
Dec 03, 2008 12:26pm
Yields on Treasury products were higher as demand clearly was more focused on riskier fare today.
Dec 03, 2008 12:25pm
Small caps were leading the way on the midday surge, which suggests that investors were willing to take on a more aggressive posture.
Dec 03, 2008 12:24pm
Physical commodity markets were taking a beating early today, including cocoa and sugar, which were both down more than 3%.
Dec 03, 2008 10:10am
Crude oil prices were relatively stable early this morning, hovering near Tuesday’s closing levels.
Dec 03, 2008 10:09am
The ISM Non-Manufacturing Survey came out at 10:00 a.m. ET, with the headline figure at 37.3%, which was way below the forecast of 42.8%.
Dec 03, 2008 10:08am
Retail sales missed the forecast in the eurozone and a report on services sector activity also disappointed.
Dec 03, 2008 10:07am
Shares in Europe were pressured by sloppy earnings for Infineon, the second-largest semiconductor maker across the pond.
Dec 03, 2008 10:06am
Tech stocks were clearly the focal point this morning, with Nasdaq futures pacing overnight declines.
Dec 03, 2008 8:45am
Earlier this morning, the weekly MBA Mortgage Applications Survey jumped 11% in response to a plunge in mortgage rates last week.
Dec 03, 2008 8:44am
The ADP headline figure suggested the nation lost 250,000 payroll jobs in November, which was below the forecast for a decline of 200,000.
Dec 03, 2008 8:44am
The productivity report came in better than expected at 1.3% (the forecast was 0.9%), but the market appeared to look past that data.
Dec 03, 2008 8:43am
The ADP Employment Survey painted a bleak picture of the jobs situation in the United States, which could add caution into the mix.
Dec 03, 2008 8:42am
Small-cap stocks are expected to open solidly lower, pulled down by slumping technology shares and a decline in European equities.
Dec 03, 2008 8:41am
Good morning!
Dec 03, 2008 8:28am
The sloppy tone in cash energy prices weighed on energy shares, which trimmed away morning gains but bounced back somewhat late in the day.
Dec 02, 2008 4:22pm
Crude oil prices fell $2.32 a barrel, or 4.7% to $46.96.
Dec 02, 2008 4:22pm
Drug stocks, banks, airlines and insurance companies also were strong performers today.
Dec 02, 2008 4:18pm
Homebuilder shares were surprisingly stout, with the ISE Homebuilder Index climbing 7.5%.
Dec 02, 2008 4:17pm
Financial stocks were among the top performers today, with the Financial Select Sector SPDR Fund up 5%.
Dec 02, 2008 4:17pm
Optimism for a $25 billion aid package for embattled U.S. carmakers may have played a supportive role in the action today.
Dec 02, 2008 4:16pm
Small-cap stocks staged a solid recovery rally Tuesday, recovering a hefty slice of the historic collapse from Monday’s freefall.
Dec 02, 2008 4:14pm
Automaker remained higher into midday as investors waited word on progress for an aid package to stave off potential failure for the Big 3.
Dec 02, 2008 12:46pm
Airline stocks were up 5.5%, outperforming the broad market.
Dec 02, 2008 12:44pm
The ISE Homebuilders Index was up 7% also a sign of relief after all of the economy worries pounded stocks Monday.
Dec 02, 2008 12:43pm
Among S&P sectors, REITS, wireless telecoms, broadcasting firms and diverse financial services companies were the best performers.
Dec 02, 2008 12:43pm
Even though crude oil prices were hovering near steady levels, energy stocks were up about 2.5%.
Dec 02, 2008 12:43pm
Commodity markets were on a rising tide today after getting clobbered Monday, which bolstered commodity shares.
Dec 02, 2008 12:42pm
Small-cap stocks extended the rally into midday trading, boosted by a bounce in financial and energy shares.
Dec 02, 2008 12:42pm
New data out: retail sales down 0.4% on a year-over-year basis for the week, down 0.9% in Nov. from last year, while off 1.1% from Oct.
Dec 02, 2008 10:17am
On the open, crude oil prices were up about $0.40 a barrel, and energy stocks were up about 2.4%.
Dec 02, 2008 10:16am
Commodity markets stabilized this morning, which was a big relief after crude oil collapsed 9% Monday.
Dec 02, 2008 10:15am
The Reserve Bank of Australia slashed 100 basis points off their benchmark rate last night, which was much more aggressive than expected.
Dec 02, 2008 10:15am
Investors were hopeful for another round of global rate cuts to stimulate the world out of recession.
Dec 02, 2008 10:14am
Toyota and Tata (India’s top carmaker) announced plans to slash annual production to avoid building up inventory of unsold vehicles.
Dec 02, 2008 10:14am
Today’s auto meetings in Washington coincide with monthly figures for vehicle sales, expected to be the worst in a quarter-century.
Dec 02, 2008 10:13am
The Russell 2000 opened up 1.23%.
Dec 02, 2008 10:12am
Asian stocks took a big hit as they caught up with the manic slide in U.S. markets from Monday.
Dec 02, 2008 8:42am
Financial shares also were trying to bounce in overnight trading following Monday’s rout.
Dec 02, 2008 8:40am
Auto industry executives will be back in Washington today to lobby for a bail-out package from lawmakers.
Dec 02, 2008 8:40am
Stock index futures were up about 1.5% in after-hours trade, which suggests a Russell 2000 opening near 423.25.
Dec 02, 2008 8:38am
Small-cap stocks are expected to stage a corrective bounce on the opening after suffering the biggest loss of the year on Monday.
Dec 02, 2008 8:38am
Good morning!
Dec 02, 2008 8:32am
Industrial, precious metals took a beating, platinum was down 7%, palladium down nearly 10%, silver off more than 8% and gold down some 5%.
Dec 01, 2008 4:27pm
Energy, commodity stocks were major decliners today. Crude prices plunged 9.4% to $49.28/barrel, pulling down energy shares in the wash.
Dec 01, 2008 4:24pm
The S&P Retail Index tumbled 8% today.
Dec 01, 2008 4:22pm
This is a heavy week for economic data, and today’s numbers clearly sent an icy shudder through the market.
Dec 01, 2008 4:21pm
Sub-index data on prices paid was the lowest in 59 years and the new orders sub-index was the lowest since 1980.
Dec 01, 2008 4:21pm
The ISM Manufacturing Survey came in at 36.2, which was below the 38 forecast, and which was also the lowest reading in 26 years.
Dec 01, 2008 4:20pm
The market got off on the wrong foot today when manufacturing data out of China reflected a big drop in new orders.
Dec 01, 2008 4:19pm
Credit market safe havens were the preferred outlet of choice today, as investors fled stocks and sought refuge in Treasuries.
Dec 01, 2008 4:18pm
The Russell is now down 46% for 2008, while the Dow is down 39% and the S&P 500 is down 44%.
Dec 01, 2008 4:17pm
The $IWM closed down 11.85%, snapping a string of five consecutive winning sessions with the worst daily loss of the year.
Dec 01, 2008 4:15pm
Retail stocks were down today, with the S&P Retail Index at -5.7% despite early press reports that Black Friday was a success.
Dec 01, 2008 12:31pm
The Commodity Research Bureau Index of 19 physical markets was down 3.2% at midday.
Dec 01, 2008 12:30pm
The dollar was firm against the euro, which further played into the collapse in commodity markets.
Dec 01, 2008 12:30pm
Crude oil prices were down some 8% so far today, with U.S. crude benchmark values slipping through the $50 support line.
Dec 01, 2008 12:29pm
Industrial REITS, oil equipment, investment banks, coal, specialized finance, oil and gas drillers and consumer finance are all down.
Dec 01, 2008 12:29pm
Looking at individual broad market sectors, there were none above 1% gains right now, and 10 sectors with losses greater than 10%.
Dec 01, 2008 12:28pm
Financial stocks and energy shares were among the hardest hit stock market components through mid-session trading
Dec 01, 2008 12:28pm
Small-cap stocks extended the morning free fall, with financial, retail and commodity sectors all taking a beating.
Dec 01, 2008 12:26pm
From a money flow perspective, investors appeared to be fleeing stocks for safe-haven outlets in the credit markets.
Dec 01, 2008 10:17am
The dollar was up about 0.5% against the euro, which also weighed on commodity prices.
Dec 01, 2008 10:16am
Energy stocks were also an early drag on the market, taking a cue from sinking crude oil prices, which were down $4 this morning.
Dec 01, 2008 10:16am
The construction spending report was pegged at minus 1.2%, also below the projection for a dip of 0.9%.
Dec 01, 2008 10:15am
The ISM Manufacturing Survey came in at 36.2, which was below the forecast of 38.
Dec 01, 2008 10:14am
The dour tone on manufacturing started in Asia, where new orders for China’s manufacturing sector fell hard.
Dec 01, 2008 10:14am
Small caps started out the new month with a bearish bang, sinking hard amid gloomy manufacturing data around the world.
Dec 01, 2008 10:13am
Crude oil prices were off some 4% overnight, which should pressure energy shares.
Dec 01, 2008 8:59am
Copper, aluminum prices tumbled in Asian trading after the weak China mnfct-ing data, and could spill over into U.S. action this morning.
Dec 01, 2008 8:58am
Manufacturing data in China and Europe was awful, which sparked losses in industrial metals and intensified a dour tone for crude oil.
Dec 01, 2008 8:56am
Small-cap stocks are expected to open sharply lower following a stiff decline in European equities and a mild drop in Asian markets overnight.
Dec 01, 2008 8:56am
Good morning!
Dec 01, 2008 8:41am
Yields on benchmark 10-year notes tumbled to the lowest weekly close in history.
Nov 28, 2008 1:40pm
The U.S. dollar had a sizable rally against the euro, climbing some 1.5%, as investors around the world continue to clamor for U.S. assets.
Nov 28, 2008 1:39pm
Tech shares persistently trailed major indices today and the tech-laden Nasdaq 100 dipped 0.6%.
Nov 28, 2008 1:38pm
Tech stocks started out the day in a dour mood following declines in Europe when major chip-maker STMicroelectronics lowered its outlook.
Nov 28, 2008 1:37pm
Crude oil prices took a hit today, with futures down 5% and the price of crude slipping back below $52 a barrel.
Nov 28, 2008 1:37pm
For 2008, the Russell 2000 is now down 38%. Meanwhile, the Dow is down 33% and the S&P 500 is off 39% for 2008.
Nov 28, 2008 1:26pm
The Russell 2000 closed up 4.26, or 0.91% at 473.12, putting the finishing touches on a stellar week.
Nov 28, 2008 1:25pm
Retailer stocks were struggling on an important day that signals the kick-off for holiday shopping.
Nov 28, 2008 1:24pm
The U.S. dollar was in rally mode this morning, jumping some 1.4% against the euro, which could put commodity markets on the defensive.
Nov 28, 2008 10:20am
Goldman Sachs: “Despite the dismal near-term news, we feel a bit better about the broader outlook than at this time last week."
Nov 28, 2008 10:19am
In Europe, energy and mining stocks were down earlier today.
Nov 28, 2008 10:18am
Ahead of U.S. trading today, stocks around the world were mixed, with Europe lower and Asia predominantly higher.
Nov 28, 2008 10:17am
A soft tone in commodities and a pullback on chip-maker stocks overseas weighed on small caps and tech stocks this morning.
Nov 28, 2008 10:17am
Small-cap stocks pushed lower, pulled down by erratic profit-taking in thin post-holiday trade following four days of extreme gains.
Nov 28, 2008 10:16am
The market will close early today at 1:00 p.m. ET for the holiday, which means we could be looking at light volume, choppy trading.
Nov 28, 2008 8:45am
Looking at the chart picture, the Russell continues to reflect a positive short-term slant off the bullish reversal bottom from last week’s lows.
Nov 28, 2008 8:44am
In London trading, industrial metals like copper, tin, nickel and zinc were lower, reflecting worries about the economic picture.
Nov 28, 2008 8:43am
Crude oil prices were down 3% overnight, which weighed on energy stocks in pre-market trading.
Nov 28, 2008 8:42am
Investors will watch with trepidation to see the early returns on the “Black Friday” retail sales around the country.
Nov 28, 2008 8:42am
Small caps are expected to open lower, pulled down by a decline in European markets and a weak tone in commodities in overseas trading.
Nov 28, 2008 8:41am
Good morning!
Nov 28, 2008 8:38am