U.S. stocks slipped yesterday on lukewarm Chinese data and a 14.5% month-over-month slump in U.S. new-home sales. But after-hours trading was dominated by positive results in the tech sector, potentially setting up a big day for the markets.
U.S. stocks slid on the Dow Jones today (Wednesday). The index lost 0.08% to close at 16,501.65. The Standard and Poor's 500 Index and the Nasdaq Composite were both unable to deliver a seventh consecutive winning session. The S&P dropped 0.22% to close at 1,875.39, while the Nasdaq fell 0.83% to finish at 4,126.97.
Despite the downturn, it was an extremely busy day on Wall Street and in the financial world, especially for tech giant Amazon and coffee king Starbucks.
U.S. stocks jumped yesterday on strong earnings reports and a deal frenzy across the healthcare sector. The S&P 500 and Nasdaq were in the black for the sixth consecutive trading session.
They'll go for seven on yet another big day of earnings reports.
U.S. stocks jumped Tuesday as traders celebrated big news and deals across the pharmaceutical sector and better than expected economic data.
The Dow Jones Industrial Average ended today up 0.4% to 1,879.55. The Standard & Poor's 500 Index gained for a sixth straight session - its longest streak since September - rising 0.41% to 1,871.89. And the Nasdaq Composite gained 1% to 4,161.56.
Investors seem confident that the economy is picking up as warmer weather takes hold...
But problems continue within the housing sector, where sales and construction forecasts were recently slashed by Freddie Mac and Fannie Mae. Existing home sales are expected to remain flat when they are reported this morning.
Last week, the S&P 500 had its best week since July 2013.
Markets rebounded from a sharp tech sell-off with support from strong earnings in banking, retail, and Internet stocks. For now, positive data from China and the U.S. has overshadowed concerns about the possibility of increased conflict in Eastern Europe.
It sets up an interesting week on the horizon.
Stock market today, April 17, 2014: Good morning. Further developments out of Ukraine could weigh heavily on the markets today.
That said, it's a busy day for earnings.
U.S. stock futures were back in the green this morning, on news that China's economy growth will hit 7.4% this year. Despite the fact that its first quarter growth slipped to a 24-year low, the figure still beat analyst expectations.
U.S. stock futures were weak this morning as Wall Street looks to looming tensions in Ukraine and worse-than-expected Chinese data.
The Dow Jones Industrial Average rose 146 points on Monday to finish at 16,173.24. The Nasdaq increased by 22 points to finish at 4,022.69, while the S&P 500 added 14 points to end the day at 1,830.61.
Stock market news today, April 14, 2014: The Dow Jones Industrial Average fell 143 points on Friday to finish at 16,026.75. The Nasdaq dropped 54 points to finish at 3,999.73, while the S&P 500 lost 17 points to end the day at 1,815.69.
Stock market news today, April 11, 2014: The Nasdaq fell 129 points to finish Thursday at 4,054.11, its worst one-day drop since 2011 as investors ditched biotech, Internet, and other high-growth stocks. The CBOE Volatility Index (VIX) surged 17%, its largest one-day jump since late January.
The Dow Jones Industrial Average plummeted 267 points to finish at 16,169.90, while the S&P 500 dropped 39 points yesterday to 1,833.09.
Stock market news today, April 10, 2014: The Dow Jones Industrial Average roared on Wednesday following an announcement that the U.S. Federal Reserve unanimously decided to ditch the thresholds it had set on dealing with unemployment and raising interest rates.
At the closing bell Wednesday, the Dow Jones rose 181 points to finish at 16,437. The Nasdaq gained 70 points to finish at 4,183, while the S&P 500 added 20 points to end the day yesterday at 1,872.
Stock market news today, April 9, 2014: The Dow Jones Industrial Average rose 10 points yesterday to finish at 16,256. The Nasdaq increased 33 points to finish at 4,112, while the S&P 500 added 6 points to end the day at 1,851.
Today, the FOMC will release minutes from its March meeting. Investors are seeking clues on when Fed Chair Janet Yellen and the central bank will exercise an increase in interest rates.
The earnings calendar for companies' first-quarter reports gets busy this week, and the perennial excuse of companies blaming poor weather for bad earnings will carry a bit more legitimacy this year - which only means more weather-whining than usual.
Expect the sectors most directly affected by the weather - transportation, autos, retail, restaurants - to focus on the brutal winter, but they certainly won't be the only ones.
U.S. blue chips suffered their biggest drop in five weeks recently because the latest round of economic reports are fostering a lot of uncertainty about the prospects for continued global growth.
For most investors, it's been that kind of year.
But I continue to believe that the tech sector - especially here in the U.S. - still has a lot of fuel left in its tank.
Because I know a lot of you folks are concerned, I thought we'd take the time to alleviate some of those fears... and make some money along the way.
And the best way to alleviate fears is to initiate a plan of action.
So that's just what we're going to do.
Today I'm going to show you a strategy that will help you put the odds in your corner.
And I'm even going to give you a tech stock that will get you started.
When you're done reading this, you'll be ready to laugh at the next sell-off. Full Story