Stock Market Today
Stock Market Today: How Will Gold Follow Its Biggest Gain in a Year?
The stock market today is flat in morning trading with investors focused on earnings and gold this week.
Today's stock market follows a mild day Monday as investors awaited earnings from Netflix Inc. (Nasdaq: NFLX) after the close, and a flood of earnings later in the week. But the S&P 500 Index still managed to eke out another record close
Stock Market Today: Third Big Bank Beats Estimates
Coming off the second best week of the year, the stock market today was little changed in early trading.
Shortly before noon, the Dow Jones Industrial Average added 5.99, or 0.04%, to 15,470.29. The Standard & Poor's 500 Index and the Nasdaq were both up less than one point.
Stock Market Today Boosted by Better-than-Expected Bank Earnings
U.S. equities marched higher – by a smidge – in the stock market today, one day after benchmarks logged fresh records.
The Dow Jones Industrial Average finished at 15,464.07, up 3.15 points, or 0.02%. The Standard & Poor's 500 Index ended at 1,680.19, up 5.17 points, and the Nasdaq closed at 3,600.08, up 21.78 points.
Stock Market Today: Can Earnings Drive Market Higher in July?
The bulls came out of the gate at full-speed at the opening of the stock market today.
Less than a half-hour into trading, the Dow Jones Industrial Average jumped 121.99, or 0.81%, to 15,241.40 The Standard & Poor's 500 Index climbed 12.19, or 0.75%, to 1,644.08. The Nasdaq added 14.01, or 0.41, at 3,493.60.
Optimistic investors appear to be betting the second quarter's earnings will come in ahead of scaled-down forecasts.
Pre-announcements have certainly been extremely negative. According to Thomson Reuters, the ratio of negative to positive comments is 6.5 to 1, more than two-and-a-half times the normal pace and the most negative reading since 2001.
Overall, S&P 500 earnings are projected to have grown 1.6% in Q2 from a year ago, while quarterly revenue is expected to increase 2.9%.
But those estimates could be on the light side.
Buy, Sell or Hold: Out of Staples (Nasdaq: SPLS)
Staples, Inc. (Nasdaq: SPLS) investors are thrilled as the world's largest office supply company's share price is making new 52-week highs and is up 40% year-to date. Quite remarkable!
Staples shareholders think that the company is making all the right moves toward transforming this big-box retailer into something beyond what the average customer is accustomed to when they think of a Staples store.
In fact, the company has evolved to the point where, unbeknownst to many, it is no longer just a big-box retailer but also the second largest e-retailer behind Amazon (NASDAQ: AMZN) with internet sales totaling $11 billion in 2012, which currently account for more than half of its business today.
Staples is pushing to downsize operations while moving with some success even further into the e-commerce world. The company faces many headwinds as it struggles with the general economic conditions and small business concerns both in the U.S. and abroad.
Staples could very well be fighting the good fight but is it enough…
Staples Shredding Stores
Stock Market Today Reflects Strong Reliance on FOMC Meeting
Shortly after the opening bell, the Dow Jones Industrial Average surged 172.02, or 1.14%, at 15,242.20. The Standard & Poor's 500 Index soared 16.43, or 1.01%, at 1,643.16. The Nasdaq jumped 40.11, or 1.17%, at 3,463.67.
The stock market fell sharply Friday, logging its third weekly loss in the past four weeks. Investors were jittery ahead of this week's Fed meeting. The Dow experienced its fourth straight triple-digit move, ending a volatile week down 1.2%.
The S&P, one day after enjoying its best session since Jan. 2, gave back 9.63 points, or 0.6%. For the week, the S&P retreated 1% and the Nasdaq lost 21.81, or 0.6%.
"Markets are more fragile now, whereas they had been bulletproof by the bulls for the last six months," Joe Saluzzi, co-manager of trading at Themis Trading told CNBC. "Unfortunately, the only thing that everyone cares about is what the Fed's doing and that's troubling, when we should be looking at economic data, fundamentals and corporate profits…There are still warning signs being flagged right now and people are getting concerned.
Monday, investors appeared to be betting the Fed will stand pat.
Stock Market Today: Is the End of the Winning Streak the Start of Something Big?
All good things must come to an end…
A winning investment strategy since the start of the year has been to buy the dips. But that tactic may be changing in the stock market today.
In another rollercoaster session on Wednesday, U.S. equities fell as investors prolonged a recent selloff spurred by the unwinding of bullish bets.
In all, the Dow experienced a triple digit swing Wednesday, an occurrence that has happened twice in the last three week versus only once in 2012.
Meanwhile, the S&P shed 13.61, or 13.61, to 1,612.52, and the Nasdaq was nudged lower by 36.52, or 1.06% to log benchmark's third down day-the worst losing streak of the year.
How the Stock Market Today is Following Up Friday's Big Rally
Investors took a breather in the stock market today after driving the Dow Jones Industrial Average 207.5 points higher on Friday.
Friday saw the Dow's second-biggest gain of 2013, after investors cheered a "Goldilocks" jobs report: not too hot, not too cold. For the week, the Dow added 132.55 points, or 0.88%.
There was plenty of news to sway the stock market today despite its muted open.
The world's largest credit rating agency Standard & Poor's boosted its credit outlook for the United States to "stable" from "negative" and reduced the threat of further downgrades.
Citing receding fiscal risks, S&P said the chance of a ratings downgrade is now "less than one in three."
"It was a quite shocking event for the markets when the U.S. was downgraded to negative, so to have that rating repaired is meaningful," Lawrence Creaturea, a Rochester, NY-based manager at Federated Investors Inc. told Bloomberg News. "Economic data has been improving gradually and S&P's upgrade is a recognition of that."
Overseas news was mixed.
Why the Tuesday Win Streak Ended in Stock Market Today
The Dow closed at 15,177.54, down 0.5% from Monday.
That ended the benchmark's longest winning streak for any weekday since 1900, Ryan Detrick, chief technical analysts at Schaeffer's Investment Research told CNN Money. The old record of 13 was a three-way tie between Monday, Wednesday and Friday.
Furthermore, not including today, the lion's share of the Dow's 16.4% gains year-to-date have come on Tuesdays. The index racked up 1,518 points during the 21 Tuesdays the market has been open for trading this year, accounting for 71% of the Dow's record 2013 gains.
The only down Tuesday until today was Jan. 8.
Stock Market Today: June off to a Guarded Start
The first trading day of June got off to a muted start at the opening of the stock market today.
Shortly before noon, the Dow Jones Industrial Average added 34.66, or 0.23%, to 15,150.23. The Standard & Poor's 500 Index slipped 6.42, or 0.39%, to 1,624,32. The Nasdaq gave back 33.87, or 0.98%, to hit 3,422.04.
Market participants were hoping for a rebound in today's stock market following Friday's steep sell-off.
Jitters over tumbling Japanese stocks and worries about the Fed winding down its market-supportive bond-buying program sent stocks spiraling Friday, the last trading day of May.