By Barbara Kollmeyer, MarketWatch The S&P 500 and Nasdaq managed fresh closing highs on Monday, with the latter nabbing its 32nd record close of 2017. That brings techs to a 14.24% gain so far this year, easily sprinting past a 7.3% gain for the S&P 500 and a 6.2% rise for the DJIA. As many have pointed out, the bulk...
Two weeks ago we pointed out that with most of the S&P 500's companies have reported their quarterly results, Q1's earnings season wasn't going especially well. Though the aggregate number in the meantime has edged higher to $29.43 per share, the S&P 500 has still yielded a little less in first quarter income than was anticipated as of the end...
Two weeks ago we pointed out that with most of the S&P 500's companies have reported their quarterly results, Q1's earnings season wasn't going especially well. Though the aggregate number in the meantime has edged higher to $29.43 per share, the S&P 500 has still yielded a little less in first quarter income than was anticipated as of the end...
Stocks took their shot at a breakout last week, but when push came to shove, the bears ended up doing more of the shoving. Though the S&P 500 teased us with a break above the February high of 2401 by moving to a high of 2404 on Tuesday, it was only a headfake… and not a very convincing one at...
Stocks took their shot at a breakout last week, but when push came to shove, the bears ended up doing more of the shoving. Though the S&P 500 teased us with a break above the February high of 2401 by moving to a high of 2404 on Tuesday, it was only a headfake… and not a very convincing one at...
Relative weakness in April isn't unusual, and last month's growth suggests the Q1 spending lull was temporary —————– Last month, consumer spending was respectable, though not quite as hot as expected. On a month-to-month basis, retail spending grew 0.4%, falling short of the expected 0.6% increase. Perhaps more alarming than less, retail spending not factoring on auto sales was only...
Relative weakness in April isn't unusual, and last month's growth suggests the Q1 spending lull was temporary —————– Last month, consumer spending was respectable, though not quite as hot as expected. On a month-to-month basis, retail spending grew 0.4%, falling short of the expected 0.6% increase. Perhaps more alarming than less, retail spending not factoring on auto sales was only...
Last week began a bit wobbly, with stocks dropping hints that they would fail to follow through on the prior week's strength. For the S&P 500, that meant a stall just shy of a record high. After the Department of Labor shared last month's job report on Friday though — and the House of Representatives approved an Obamacare replacement plan...
As has been noted more than once, the broad market's year-over-year earnings growth for Q1 has been impressive, but should be taken with a grain of salt. The first quarter results from 2016 were horribly bad for oil and gas companies, and that's not the case for the recently completed. They're still far from 'good,' though. Nevertheless, the current readings...
As has been noted more than once, the broad market's year-over-year earnings growth for Q1 has been impressive, but should be taken with a grain of salt. The first quarter results from 2016 were horribly bad for oil and gas companies, and that's not the case for the recently completed. They're still far from 'good,' though. Nevertheless, the current readings...
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