Wednesday, May 31, 2006
The markets closed higher even as minutes released from the Federal Reserve's last meeting indicated that inflationary pressures may spark more interest rate hikes. The Dow gained 74 points to 11,168 while Nasdaq rose 14 points to 2,179. S&P 500 gained 10 points to 1,270. The 30-year bond eased as the yield inched up to 5.207%
Markets Up As Oil Prices Retreat
The markets continued to climb during the midday as oil prices retreated. The Dow surged 72 points to 11,166 while Nasdaq gained 18 points to 2,182. S&P 500 added 8 points to 1,268. The 30-year bond eased as the yield rose to 5.207%.
Tuesday, May 30, 2006
Consumer Confidence Drags Down Markets
A steep drop in consumer confidence sent the markets reeling with the Dow plummeting 184 points to close at 11,094. Nasdaq plunged 46 points to 2,164 while S&P 500 tumbled 20 points to 1,260. The 30-year bond eased as the yield rose to 5.189%.
Markets Down Over Drop In Consumer Confidence
Falling consumer confidence weighed down the markets during the midday with the Dow plummeting 105 points to 11,174 while Nasdaq dropped 26 points to 2,184. S&P 500 tumbled 11 points to 1,269 while the 30-year bond eased as the yield rose to 5.179%.
Friday, May 26, 2006
Markets Up on Higher Wages
The markets closed higher as wages increased. The Dow gained 68 points to 11,279 while Nasdaq rose 12 points to 2,210. S&P 500 added 7 points to 1,280. The 30-year bond rose as the yeild eased to 5.157%.
Spending Gains Lift Markets Higher
The markets traded higher during the midday as consumer spending increased. The Dow climbed 53 points to 11,264 while Nasdaq rose 9 points to 2,207. S&P 500 added 4 points to 1,277. The 30-year bond rose as the yield eased to 5.158%.
Thursday, May 25, 2006
Markets Close Higher As Home Sales Drop
The markets closed higher as home sales dropped. The Dow surged 94 points to 11,211 while Nasdaq climbed 29 points to 2,198. S&P 500 gained 14 points to 1,273. The 30-year bond slipped as the yield rose to 5.172%.
Strong Economy Lifts Markets Higher
Data indicating a strong economy lifted the markets higher during the midday with the Dow climbing 83 points to 11,200. Nasdaq gained 20 points to 2,190 while S&P 500 added 12 points to 1,270. The 30-year bond eased as the yield rose to 5.131%.
Wednesday, May 24, 2006
Markets Close Higher As Housing Cools
A cooling housing market lifted the markets to a modestly higher close with the Dow gaining 19 points to 11,117. Nasdaq rose 10 points to 2,169 while S&P 500 added 2 points to 1,259. The 30-year bond rose as the yield eased to 5.130%.
Markets Higher Over Possible End To Rate Hikes
Investors hopeful that a slowing economy would end interest rate hikes lifted the markets higher during the midday with the Dow adding 12 points to 11,110 while Nasdaq rose 4 points to 2,163. S&P 500 held steady at 1,256. The 30-year bond rose as the yield eased to 5.124%.
Tuesday, May 23, 2006
Markets Close Lower As Oil Prices Rise
Rising oil prices weighed down the markets to a lower close with the Dow losing 27 points to 11,098. Nasdaq dropped 14 points to 2,159 while S&P 500 slipped 6 points to 1,257. The 30-year bond eased as the yield rose to 5.154%.
Solid Earnings Lift Markets At Midday
The markets traded higher during the midday on some solid earnings news as bargain hunters moved in. The Dow gained 58 points to 11,184 while Nasdaq rose 23 points to 2,196. S&P 500 added 9 points to 1,271. The 30-year bond eased as the yield rose to 5.164%.
Monday, May 22, 2006
Markets Close Lower Over Inflation Worries
Inflation worries weighed down the markets to a modestly lower close with the Dow slipping 19 points to 11,125. Nasdaq dropped 21 points to 2,173 while S&P 500 lost 5 points to 1,262. The 30-year bond rose as the yield eased to 5.131%.
Markets Extend Losses
The markets extended its losses during the midday as with the Dow falling 54 points to 11,090. Nasdaq dropped 30 points to 2,164 while S&P 500 lost 8 points to 1,259. The 30-year bond rose as the yield slipped to 5.085%.
Friday, May 19, 2006
Markets Close Higher After OPEC Says No Cuts To Oil Ouput
The markets closed modestly higher as OPEC reassured the global community that oil production would not be cut even though supplies have grown. The Dow climbed 16 points to 11,144 while Nasdaq gained 14 points to 2,193. S&P 500 added 5 points to 1,267. The 30-year bond rose as the yield fell to 5.137%.
Wary Investors Send Markets Lower At Midday
Investors wary that rising inflation may trigger more interest rate hikes sent the markets lower during the midday with the Dow falling 34 points to 11,094. Nasdaq slipped 6 points to 2,174 while S&P 500 lost 2 points to 1,260. The 30-year bond rose as the yield dropped to 5.032%.
Thursday, May 18, 2006
Markets Close Lower Over Spike In Oil Prices
The markets extended losses to close lower as crude oil prices spiked. The Dow dropped 77 points to 11,128 while Nasdaq fell 15 points to 2,180. S&P 500 lost 9 points to 1,262. The 30-year bond rose as the yield dropped to 5.180%.
Markets Flat As Jobless Claims Rise
The markets traded near the flat line during the midday as jobless claims jumped. The Dow added a point to 11,206 while Nasdaq gained 4 points to 2,200. The S&P 500 eased a point to 1,270. The 30-year bond rose as the yield slipped to 5.197%.
Wednesday, May 17, 2006
Markets Plummet Over Inflation Fears
A surprising gain in consumer prices sparked fears of further interest rate hikes sending the markets tumbling. The Dow plummeted 214 to 11,206 while Nasdaq dropped 33 points to 2,196. The S&P 500 plunged 22 points to 1,270. The 30-year bond eased as the yield climbed to 5.274%.
Inflation Fears Weigh Down Markets
Fears of inflation weighed down the markets during the midday with the Dow plummeting 157 points to 11,263. Nasdaq plunged 27 points to 2,203 while S&P 500 dropped 16 points to 1,276. The 30-year bond slipped as the yield rose to 5.284%.
Tuesday, May 16, 2006
Markets Close Lower As Oil Inches Up
The markets closed lower as crude oil prices inched up. The Dow lost 9 points to 11,420 while Nasdaq dropped 9 points to 2,229. S&P 500 eased 2 points to 1,292. The 30-year bond rose with the yield falling to 5.218%.
Markets Lower At Midday As Home Construction Falls
The markets turned negative during the midday as home construction fell to a 17 month low. The Dow lost 25 points to 11,404 while Nasdaq dropped 15 points to 2,224. S&P 500 slipped 4 points to 1,290. The 30-year bond rose as the yield eased to 5.226%.
Monday, May 15, 2006
Markets Close Mixed As Crude Slips
The markets closed mixed as crude oil prices slipped below the $70 a barrel mark to settle at $69.41 a barrel. The Dow gained 48 points to 11,429 while Nasdaq lost 5 points to 2,239. S&P 500 added 3 points to 1,295. The 30-year bond rose at the yield slipped to 5.265%.
Markets Mixed As Housing Prices Cool
The markets continued trading in mixed territory as housing prices slowed. The Dow rose 18 points to 11,399 while Nasdaq slipped 4 points to 2,240. S&P 500 added 2 points to 1,293. The 30-year bond rose as the yield eased to 5.145%.
Friday, May 12, 2006
Markets Close Down Over Inflation Fears
The markets closed with a second day of three digit losses for the Dow as inflation fears rattled investors. The Dow plummeted 120 points to 11,381 while Nasdaq plunged 29 points to 2,244. S&P 500 tumbled 15 points to 1,291. The 30-year bond slipped as the yield climbed to 5.298%.
Markets Lower As Consumer Sentiment Drops
A drop in consumer sentiment weighed down the markets during the midday with the Dow dropping 50 points to 11,451 while Nasdaq fell 20 points to 2,253. S&P 500 lost 8 points to 1,298. The 30-year bond slipped as the yield rose to 5.297%.
Thursday, May 11, 2006
Markets Close Lower As Oil Prices Rise
A barrel of crude oil surged above the $73 a barrel mark to settle at $73.32 sending the markets tumbling with the Dow plunging 142 points to 11,501. Nasdaq fell 48 points to 2,273 while S&P 500 dropped 17 points to 1,306. The 30-year bond slipped as the yield rose to 5.227%.
Inflation Worries Weigh Down Markets
Persistant concerns about inflation weighed down the markets during the midday with the Dow plunging 113 points to 11,529. Nasdaq fell 38 points to 2,283 while S&P 500 dropped 12 points to 1,311. The 30-year bond slipped as the yield rose to 5.234%.
Wednesday, May 10, 2006
Markets Mixed As Fed Boosts Rates
The markets closed mixed as the Federal Reserve boosted interest rates by another quarter percentage point. The Dow added 3 points to 11,643 while Nasdaq dropped 18 points to 2,321. S&P 500 lost 2 points to 1,323. The 30-year bond rose as the yield eased to 5.188%.
Markets Mired In Negative Territory
The markets remain mired in negative territory during the midday as uncertainty over the Federal Reserve's interest rate decision weighed on investors. The Dow eased 2 points to 11,638 while Nasdaq slipped 9 points to 2,329. S&P 500 lost 2 points to 1,323. The 30-year bond rose as the yield edged down to 5.188%.
Tuesday, May 09, 2006
Markets End Mixed Ahead Of Rate Decision
It was a mixed day for the markets as investors nervously await the Federal Reserve's interest rate decision tomorrow. The Dow climbed 55 points to 11,640 while Nasdaq lost 7 points to 2,338. S&P 500 held steady at 1,325. The 30-year bond eased as the yield rose to 5.198%.
Markets Mixed Over Earnings
The markets traded mixed during the midday over earnings news. The Dow gained 31 points to 11,616 while Nasdaq lost 4 points to 2,341. S&P 500 held steady at 1,325 while the 30-year bond eased as the yield rose to 5.213%.
Monday, May 08, 2006
Markets Take A Breather Before Interest Rate Decision
There was little change to the markets today as investors await the Federal Reserve's interest rate decision on Wednesday. The Dow added 7 points to 11,585 while Nasdaq rose 2 points to 2,345. S&P 500 lost a point to 1,324 while the 30-year bond rose with the yield easing to 5.186%.
Markets Near Flat Line Over Acquisitions News
The markets traded near the flat line during the midday as investors digested acquisitions news with the Dow holding steady at 11,578 while Nasdaq added a point to 2,343.
S&P 500 eased 2 points to 1,324. The 30-year bond edged down as the yield rose to 5.199%.
S&P 500 eased 2 points to 1,324. The 30-year bond edged down as the yield rose to 5.199%.
Friday, May 05, 2006
Markets End Higher As Job Growth Slows
Investors optimistic that slowing job growth will prompt the Federal Reserve to end its campaign of interest rate hikes lifted the markets to a higher close with the Dow surging 139 points to 11,578. Nasdaq soared 19 points to 2,343 while S&P 500 climbed 14 points to 1,326. The 30-year bond rose as the yield slipped to 5.195%.
Markets Continue To Advance
The markets continued to advance during the midday with the Dow soaring 110 points to 11,549. Nasdaq rose 16 points to 2,340 while S&P 500 gained 10 points to 1,323. The 30-year bond rose as the yield slipped to 5.194%.
Thursday, May 04, 2006
Markets Close Higher Over Strong Retail Sales
The markets closed higher as retail sales rose in April. The Dow gained 39 points to 11,439 while Nasdaq climbed 20 points to 2,324. S&P 500 added 4 points to 1,312. The 30-year bond rose as the yield eased to 5.235%.
Markets Higher As Retail Sales Rebound
Rebounding retail sales lifted the markets higher during the midday with the Dow climbing 52 points to 11,452. Nasdaq gained 18 points to 2,322 while S&P 500 added 5 points to 1,313. The 30-year bond eased with the yield edging up to 5.237%.
Wednesday, May 03, 2006
Mixed Earnings Weigh Down Markets
Mixed earnings reports weighed down the markets to close lower with the Dow losing 16 points to 11,400. Nasdaq fell 6 points to 2,304 while S&P 500 dropped 5 points to 1,308. The 30-year bond slipped as the yield rose to 5.236%.
Markets Lower Despite Retreating Oil Prices
The markets traded mixed during the midday even as oil prices slipped. The Dow fell 39 points to 11,377 while Nasdaq lost 5 points to 2,305. S&P 500 slipped 6 points to 1,308. The 30-year bond eased as the yield rose to 5.254%.
Tuesday, May 02, 2006
Earnings Lift Markets
Upbeat earnings news lifted the markets higher during the midday with the Dow climbing 58 points to 11,402 while Nasdaq added 2 points to 2,307. The S&P 500 gained 5 points to 1,310. The 30-year bond rose with the yield easing to 5.208%.
Monday, May 01, 2006
Bernanke's Remarks Weigh Down Markets
Clarification from Federal Reserve Chairman Ben Bernanke that his remarks last week did not necessarily imply the end of interest rate hikes weighed down the markets to a lower close with the Dow falling 24 points to 11,343. Nasdaq lost 18 points to 2,305 while S&P 500 dropped 5 points to 1,305. The 30-year bond slipped as the yield climbed to 5.227%.
