Stock Market

Stocks meandered for much of Friday despite some encouraging consumer data, which may not be surprising given that this week was mostly impressive for riskier assets. Source: Shutterstock In a report out earlier today, the University of Michigan’s initial reading of September consumer sentiment jumped to 92 from the three-year low of 89.8 last month.
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With the help of broad-based leadership, the major U.S. equity benchmarks rallied Wednesday amid a flurry of decent headlines. Today’s leadership came by way of the technology and healthcare sectors, the two largest sector weights in the S&P 500, with some contributions from the defensive, high-yielding utilities group. Source: Shutterstock President Donald Trump took to
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It was another positive day on Wall Street, with stocks closing near their highs on Wednesday. Again, small-cap stocks stole the show in the stock market today. All week, we’ve been pointing out the outperformance of the Russell 2000. That strength was on display as the iShares Russell 2000 ETF (NYSEARCA:IWM) closed higher by 2%.
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Last week’s bullishness continues to fade away, with the S&P 500 ending yesterday’s action up a nearly immeasurable 0.03%. And, that gain only took shape in the last few minutes of the day’s trading action. Source: Shutterstock Disney (NYSE:DIS) and Netflix (NASDAQ:NFLX) were the proverbial problem children, albeit for understandable reasons. The former fell while
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Stocks struggled to find direction as traders took profits in some names that bounced higher last week with growth fare. Technology names got pinched today, but Monday’s performances by the broader benchmarks were not too bad, nor where they impressive. Source: rafapress / Shutterstock.com Monday was a lethargic day, reminiscent of many during the summer
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Stocks traded modestly higher to close the week, supported by comments from Federal Reserve Chairman Jerome Powell following a disappointing August jobs report. Source: Shutterstock Before the open of U.S. markets Friday, the Labor Department said the U.S. economy had added 130,000 new jobs last month, well shy of economists’ average forecast of around 160,000
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Headline risk has been confounding global equity markets over the past several months, but there was some relief on that front Wednesday. Stocks rallied, buoyed by some geopolitical relief. Source: Pavel Ignatov / Shutterstock.com In Hong Kong, leader Carrie Lam withdrew the controversial extradition plan that served as the tipping point of pro-democracy protests that
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