Showing posts with the label Wall Street at Close Report by CNBC

Wall street at Close Report by CNBC on April 8, 2015: Nasdaq leads stocks higher amid oil pressure, mostly dovish Fed minutes

Nasdaq leads stocks higher amid oil pressure, mostly dovish Fed minutes Evelyn Cheng |  @chengevelyn U.S. stocks closed higher on Wednesday as investors shook off a plunge in oil prices and digested the Federal Reserve's meeting minutes as mostly dovish. "Apple and the energy stocks are definitely having a (negative) effect on the Dow," said Paul Nolte, portfolio manager at Kingsview Asset Management. "I think it is a reaction in general to the Fed."

Wall Street at Close CNBC Snapshot on March 27, 2015: Want to know where the dollar's headed?

TOP STORIES Want to know where the dollar's headed?

Wall Street at Close Report by CNBC January 29, 2014: Stocks hit as Fed stays on taper course despite emerging markets

U.S. stocks finished steeply lower on Wednesday, wiping out the prior day's gains and more, as the Federal Reserve opted to stick with its plan to continue to reduce its monthly bond purchases, now down to $65 billion, regardless of recent distress in emerging markets. "Today's Fed decision to continue with tapering, despite the unfolding turmoil in emerging markets, suggests the Fed has a domestic policy compass firmly in hand. The Fed is sending a clear message that unless a much larger scale crisis emerges, do not expect the Fed to deviate from its current policy path," wrote Jonathan Lewis, chief investment officer at Samson Capital Advisors.  "We would not be surprised to see the Fed increase its tapering to $15 billion or 20 billion at one of its summer meetings, and expect the Fed to be done tapering by the fall should the economy continue on its current path," said Jennifer Vail, chief investment officer for institutional and corporate tru

Wall Street at Close Report by CNBC November 19, 2013: US Stocks Finish Lower; First back-to-Back Losses for S&P this month.

U.S. stocks posted mild losses on Tuesday, with the S&P 500 recording its first two-day decline of the month, as investors weighed upbeat results from Home Depot and a cautionary note from Best Buy while waiting for indications of central-bank monetary moves ahead. "I think the market is consolidating recent gains, and quite frankly, we would like to see the market take a pause here after the recent strong run up," Jim Russell, senior equity strategist for US Bank Wealth Management, said of gains that have the S&P 500 up 25 percent this year. "One of the things that worries us the most is sentiment; there seems to be no fear, and there's a lack of appreciation that markets are volatile." Federal Reserve Chairman Ben Bernanke speaks at a dinner Tuesday night, and Wednesday brings the release of minutes from the last Federal Open Market Committee meeting. Fed officials "could signal the attitude of commencement of the taper program either la

Wall Street at Close Report by CNBC November 14, 2013.: Stocks End Higher on Yellen; Dow and S&P at Record Heights; Cisco a Drag.

U.S. stocks rose on Thursday, lifting the Dow industrials and S&P 500 to their loftiest levels, as investors embraced signals sent by Janet Yellen that the Federal Reserve would continue its monetary stimulus. "Everyone is focused on this Yellen hearing, clearly she is going to continue the policies in place. It's always nice to hear it reaffirmed," Peter Sidoti of Sidoti & Co., said of testimony Thursday by Yellen, nominated to be the next chairman of the Fed.   Name Price   Change %Change DJIA Dow Jones Industrial Average 15876.22   54.59 0.34% S&P 500 S&P 500 Index 1790.62   8.62 0.48% NASDAQ Nasdaq Composite Index 3972.74   7.16 0.18% A day after finishing at an all-time high, the  Dow Jones Industrial Average  did a repeat performance, advancing 54.59 points, or 0.4 percent, to 15,876.22, with Home Depot  pacing gains that included 23 of its 30 components. Shares of  Cisco Systems  were slammed, with the Dow components of

Stocks close higher, lifted by Fed's Lockhart; AAPL bounces 5% on Icahn: Wall Street at Close Report by CNBC.

Stocks close higher, lifted by Fed's Lockhart; AAPL bounces 5% on Icahn Stocks finished in positive territory Tuesday, rebounding after Atlanta Federal Reserve President Dennis Lockhart downplayed the notion that the central bank would begin winding down its bond-buying program at its September meeting. ( Read more: Stars aligned for 'serious' US correction, analyst says ) Meanwhile, Apple spiked nearly 5 percent after billionaire investor Carl Icahn reported a "large position" in the iPhone maker via Twitter. Apple earlier hit a six-month high and broke above its 20-day moving average for the first time this year. Dow Jones reported that Icahn's Apple investment is worth over $1 billion. On Monday, Apple rallied following a report that the company is expected to unveil its next-generation iPhone on Sept. 10. ( Read more : What could hurt Apple's stock price: Analyst ) Name Price

Dow Falls 100, Stocks Close Down 1% for Week: Wall Street at Close Report by CNBC, June 14 ,2013.

Stocks closed out a volatile week on Wall Street broadly in the red Friday, led lower by banks, as investors digested a batch of mixed economic reports and remained on edge as concerns lingered over whether central banks will pare back their stimulus programs. "Markets are more fragile now, whereas they had been bulletproof by the bulls for the last six months," said Joe Saluzzi, co-manager of trading at Themis Trading. "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." U.S. Major Index Performance Last Today's % Change 1 Week % Change MTD % Change

Stocks Rally 1% to End Near Session Highs, Dow Spikes Nearly 200; Vix Skids 11%: Wall Street at Close Report by CNBC, June 13, 2013.

Stocks rallied to close near session highs Thursday, with major averages wiping out the previous session's losses, lifted by a pair of better-than-expected economic data and as investors shrugged off another steep selloff in the Japanese market. ( Read More: After-Hours Buzz: NWSA, RH & More ) Name Price Change %Change DJIA Dow Jones Industrial Average 15176.08 180.85 1.21% S&P 500 S&P 500 Index 1636.36 23.84 1.48% NASDAQ

Stocks End Near Highs, Dow Claws Back Above 15,000 After Dropping Over 100 Points: Wall Street at Close Report by CNBC, June 06, 2013.

Stocks closed out a volatile session on Wall Street in positive territory Thursday after a brief drop that pushed the S&P 500 below 1,600, amid caution ahead of the government's monthly jobs report and as the U.S. dollar tumbled against the Japanese yen. "They yen is triggering everything," said Art Cashin, director of floor operations at UBS Financial Services. "They're worried about liquidations of carry-trade positions . It spills over into all the markets. And all the markets are a lot thinner than normal because a lot of people are standing aside because of tomorrow's [jobs] number." Stocks briefly tumbled to session lows in midday trading as the greenback fell below 98 yen for the first time in over a month, before rebounding near session highs in the final hour of trading. (Read More: Dollar and Stocks Could Be Ready to Part Ways ) Name Price