Showing posts with the label Wall Street at Close Repor.

Wall Street at Close Report on December 22, 2016: Dow Fails Again to Hit 20,000 as Stocks Fall; Consumer Discretionarhy Drops 1%

Image Fred Imbert U.S. equities fell on Thursday, with consumer discretionary lagging, as investors digested a series of economic data, while the Dow Jones industrial average failed to reach a key psychological level. "Dow 20,000, we believe that's a major psychological wall for investors," said Jeff Kravetz, regional investment strategist at the Private Client Reserve at U.S. Bank. "It's going to require a major catalyst for investors to go over that wall."

Dow Closes Above 17K For First Time Since August: Wall Street at Close Report by CNBCon October 8, 2015. Dow closes above 17K for first time since August Evelyn Cheng U.S. stocks closed higher Thursday, with the Dow and S&P above key psychological levels, as investors digested the Federal Reserve's September meeting minutes. "I think the combination of oil (gains) and the Fed minutes have lifted the indices here," said Peter Cardillo, chief market economist at Rockwell Global Capital, noting the minutes diminished the likelihood of a rate hike this year. The Dow Jones industrial average and S&P 500 opened lower and attempted slight gains, before rallying after the release of the Fed minutes to close above their 50-day moving averages. The Dow also ended above its 50-day on Wednesday.

Wall Street at Close Report on June 26, 2015: Dow rides Nike’s gain to higher ground, but Greece still weighs on market

Image Dow rides Nike’s gain to higher ground, but Greece still weighs on market Anora Mahmudova, Sara Sjolin Bloomberg Consumer sentiment reached a five-month high in June. U.S. stocks posted weekly losses Friday as slippery negotiations between Greece and its lenders failed to produce a decisive agreement. Most of the main indexes finished the day lower even as the Dow industrials got a boost from Nike Inc. NKE, +4.27%  , which soared more than 4% a day after a better-than-expected earnings report . Its advance was responsible for more than half of the