Daily Market Updates

June 17, 2011

After six straight weeks of losses, the markets struggled to close higher for the week amid thin trading. The push higher this morning came from hopes for a Greece debt deal and on the release of economic reports.  The key gauge of future US economic activity rose more than expected in May to a record high.  At the end of the day, the markets closed mixed, with tech under pressure, and the… Read More ›

June 16, 2011

Stocks were encouraged following a handful better than expected economic news, including positive reports on home building and the job market, but skepticism over Greece’s ability to resolve their growing debt crisis limited the upside gains in today’s quiet trading session. DOW   +64 to 11961 SP500   +2 to 1267 NASDAQ   -7 to 2623 Oil +.05 to 94.86 a barrel, Gold +1.90 to 1527.50 an ounce In the day’s stock news: Home Depot… Read More ›

June 15, 2011

The markets continue their volatility with a triple digit decline today, amid increased turmoil with the Greece’s debt situation and a handful of weaker than expected economic reports.  The euro skidded nearly 2% against the dollar, its worst daily drop since August 2010 as traders turned to the greenback as a safe haven.  On the economic front, homebuilder sentiment fell unexpectedly in June to its lowest since September 2010 and the consumer… Read More ›

June 14, 2011

After six straight weekly losses, investors grabbed up shares of beaten down stocks with confidence after a handful of economic reports were released this morning. Stocks initially soared following news the Chinese central bank raised the reserve ratio requirements for banks for the ninth time since last October after data showed inflation rising to its highest level in almost three years. Also on the economic front, business inventories rose .8% in April,… Read More ›

June 13, 2011

Stocks have moved higher today, following 6 straight weeks of losses, after a flurry of M&A activity earlier this morning and as investors await a handful of key economic news throughout the week. DOW   +1 to 11952 SP500   +1 to 1271 NASDAQ   -4 to 2639 Oil -$2.32 to $96.97 closed a barrel Gold -$13.70 to $1514.90 an ounce Today was all about M&A deals. Allied World Assurance said it would buy Transatlantic… Read More ›