Stock Market Today, July 15, 2014: U.S. markets slacked on Tuesday after statements by U.S. Federal Reserve Chair Janet Yellen in front of the Senate Banking Committee indicated that some sectors might be overvalued. Biotech and social media shares slumped in the afternoon. The iShares Nasdaq Biotechnology Index ETF (Nasdaq: IBB) slumped by more than 2.5% after Yellen's testimony.
Stock Market Today
The Dow Jones today hit another all-time high when it touched 17,088.43 in early trading this morning (Monday).
On FOX Business' "Varney & Co." today, host Stuart Varney asked Money Morning's Chief Investment Strategist Keith Fitz-Gerald if "stocks just want to go up," and why that may be the case.
Fitz-Gerald told viewers why U.S. stocks keep touching record highs even when some experts have declared the rally dead…
The Dow Jones Industrial Average rallied late on Friday after a surge by tech stocks overshadowed growing banking concerns in Portugal.
U.S. markets today, July 10, 2014: Dow Jones futures today (Thursday) were down 142 points, S&P 500 futures slipped 16 points, and Nasdaq 100 futures fell 35 points as of 8:30 a.m. EDT.
European and Portuguese losses are dragging U.S. markets. Additional downward pressure comes from a delayed negative reaction to Federal Open Market Committee (FOMC) meeting minutes released Wednesday, which revealed Fed plans to end its bond-buying program in October.
Stock market news today, July 9, 2014: The Dow Jones Industrial Average jumped more than 70 points on Wednesday following the release of minutes from the Federal Open Market Committee's June meeting and a strong second quarter report from aluminum giant Alcoa Inc. (NYSE: AA) to kick off earnings season.
According to S&P Capital IQ, analysts expect Q2 earnings from S&P 500 companies to grow by more than 6%. That's a strong gain from Q1's 3.4% in growth earnings.
Dow Jones today, July 9, 2014: The Dow Jones Industrial Average plummeted more than 150 points on Tuesday morning, and closed the day with a 117.59-point loss. This is the largest one-day decline in nearly two months, as investors remain cautious ahead of corporate earnings season. Eight of the 10 S&P sectors were down on the day, with utilities and consumer discretionary stocks as the lone gainers.
Dow Jones today, July 8, 2014: This morning, Apple Inc. (Nasdaq: AAPL), Groupon Inc. (Nasdaq: GRPN), and Alcoa Inc. (NYSE: AA) are among the day's more notable premarket movers.
Yesterday, the Dow Jones Industrial Average dropped more than 50 points as investors weren't willing to take risky positions ahead of earnings season. Cyclical and small-cap stocks lagged the hardest this afternoon. The CBOE Volatility index soared more than 11%, the largest hike in nearly three months. The bounce was significant, as the index hit its lowest level since February 2007 last Thursday.
Stock Market Today, July 7, 2014: The Dow Jones Industrial Average dropped more than 50 points as investors weren't willing to take risky positions ahead of earnings season. Cyclical and small-cap stocks lagged the hardest this afternoon. The CBOE Volatility index soared more than 11%, the largest hike in nearly three months. The bounce was significant, as the index hit its lowest level since February 2007 last Thursday.
The stock market today (Wednesday) rose despite news that the U.S. economy slumped more than expected in the first quarter. Revised GDP figures for Q1 revealed the worst non-recession performance in four decades, with a 2.9% slip. The decline is also the sharpest downturn in five years, and is a significant revision from the 1% decline tallied in April.
Dow Jones Today, June 24, 2014: The U.S. stock market dipped on Tuesday despite continued positive economic data in consumer confidence and domestic housing markets. Consumer confidence struck its highest monthly level since January 2008. Meanwhile, the Commerce Department reported that new home sales increased 18.6%, reaching a seasonally adjusted rate of 504,000 units for the year. This is the highest level since May 2008.