Friday, September 29, 2006
The markets closed lower as consumers trimmed their spending in August. The Dow dropped 39 points to 11,679 while Nasdaq lost 12 points to 2258. S&P 500 fell 3 points to 1336. The 30-year bond held steady at 4.767%.
Markets Lower As Consumer Spending Slips
A drop in consumer spending weighed down the markets during the midday with the Dow losing 11 points to 11,707. Nasdaq held steady at 2270 while S&P 500 slipped a point to 1338. The 30-year bond eased as the yield rose to 4.791%.
Thursday, September 28, 2006
Markets Close Higher As Job Claims Drop
The markets closed higher as new applications for unemployment benefits dropped. The Dow traded briefly above its record close of 11,722 then retreated to close at 11,718, up 29 points. Nasdaq gained 7 points to 2270 while S&P 500 added 3 points to 1339. The 30-year bond eased as the yield rose to 4.767%.
Wednesday, September 27, 2006
Surging Home Sales Lift Markets To Higher Close
The markets closed higher as new home sales surged. The Dow rose 20 points to 11,689 while Nasdaq added 2 points to 2263. S&P 500 inched up a fraction to 1337. The 30-year bond eased as the yield rose to 4.733%.
Stocks Higher As New Home Sales Jump
A surprising gain in new home sales lifted the markets higher during the midday with the Dow rising 29 points to 11,698. Nasdaq added 7 points to 2268 while S&P 500 edged up a point to 1337. The 30-year bond eased as the yield rose to 4.731%.
Tuesday, September 26, 2006
Investor Optimism Lifts Markets Higher
Investors buoyed by rising consumer sentiment lifted the markets to a higher close with the Dow surging 94 points to 11,669 making it the second highest close ever for the blue chip index. Nasdaq gained 12 points to 2261 while S&P 500 added 10 points to 1336. The 30-year bond eased as the yield rose to 4.712%.
Rising Consumer Confidence Lifts Market Higher
A strong consumer confidence reading lifted the markets higher during the midday with the Dow climbing 54 points to 11,630 while Nasdaq added 4 points to 2253. S&P 500 gained 5 points to 1332. The 30-year bond eased as the yield rose to 4.716%.
Monday, September 25, 2006
Markets Close Higher As Home Sales Drop
The markets closed higher as home sales dropped for the fifth month in a row. The Dow soared 68 points to 11,576 while Nasdaq gained 30 points to 2249. S&P 500 added 12 points to 1326. The 30-year bond rose as the yield slipped to 4.696%.
Retreating Oil Lifts Markets Higher
Crude oil fell below $60 a barrel to a six-month low after Iran said it favored talks on the country's nuclear program and BP Plc said the company may restore most of the production at Alaska's Prudhoe Bay within a week. The Dow rose 34 points to 11,542 while Nasdaq climbed 18 points to 2237. S&P 500 added 7 points to 1322. The 30-year bond rose as the yield eased to 4.702%.
Friday, September 22, 2006
Slowing Economy Weighs Down Markets
Fears of an economic downturn sent the markets to a lower close even as oil prices retreated. The Dow fell 25 points to 11,508. Nasdaq dropped 19 points to 2219 while S&P 500 eased 3 points to 1315. The 30-year bond rose as the yield slipped to 4.738%.
Oil Supply Concerns Weigh Down Markets
The markets traded lower during the midday despite falling oil prices over concerns that OPEC may tighten supplies. The Dow lost 42 points to 11,491 while Nasdaq dropped 23 points to 2214. S&P 500 slipped 5 points to 1313. The 30-year bond rose as the yield eased to 4.746%.
Thursday, September 21, 2006
Markets Close Lower As Oil Rebounds
Rebounding oil prices weighed down the markets to a lower close with the Dow tumbling 80 points to 11,533. Nasdaq dropped 15 points to 2238 while S&P 500 lost 7 points to 1318. The 30-year bond rose as the yield slipped to 4.7840%.
Wednesday, September 20, 2006
Markets Close Higher After No Rate Hike
Investors relieved that the Federal Reserve chose not to raise interest rates lifted the markets to a higher close with the Dow surging 72 points to 11,613. Nasdaq climbed 31 points to 2253 while S&P 500 gained 7 points to 1325. The 30-year bond rose as the yield eased to 4.849%.
Tuesday, September 19, 2006
Markets Close Lower After Thai Coup
A military coup in Thailand sparked fears of instability in the Asian markets sending the markets to a lower close with the Dow losing 14 points to 11,541. Nasdaq fell 13 points to 2222 while S&P 500 slipped 3 points to 1318. The 30-year bond rose as the yield eased to 4.859%.
Rumors Of Thai Coup Send Markets Tumbling
The markets tumbled during the midday over rumors of a military coup in Thailand. The Dow dropped 63 points to 11,492 while Nasdaq tumbled 31 points to 2205. S&P 500 fell 9 points to 1313. The 30-year bond rose as the yield eased to 4.872%.
Monday, September 18, 2006
Markets Close Mixed As Oil Rises
Oil prices jumped from recent lows as investors mulled over the impact of a wide trade deficit. The Dow lost 5 points to close at 11,555 while Nasdaq finished the session at 2235, up a fraction. S&P 500 added a point to 1321. The 30-year bond eased as the yield rose to 4.927%.
Markets Higher Ahead Of Fed Meeting
The markets traded modestly higher during the midday ahead of the Federal Reserve's meeting this week with the Dow adding 14 points to 11,575 while Nasdaq rose 9 points to 2244. S&P 500 added 3 points to 1323. The 30-year bond eased as the yield rose to 4.946%.
Friday, September 15, 2006
Mild Inflation Lifts Markets Higher
Mild inflation data lifted the markets modestly higher with the Dow rising 33 points to close at 11,561. Nasdaq gained 7 points to 2236 while S&P 500 added 4 points to 1320. The 30-year bond held steady at 4.919%.
Sliding Oil Lifts Markets
The markets advanced during the midday as oil prices continued to slide. The Dow gained 60 points to 11,587 while Nasdaq added 7 points to 2236. The S&P 500 rose 5 points to 1322. The 30-year bond rose as the yield eased to 4.903%.
Thursday, September 14, 2006
Markets Mixed As Sales Slow
The markets closed the session mixed over sluggish retail sales with the Dow losing 16 points to 11,527. Nasdaq added a point to 2229 while S&P 500 slipped 2 points to 1316. The 30-year bond eased as the yield rose to 4.919%.
Markets Lower Over Soft Retail Sales
The markets remain mired in negative territory during the midday as retail sales softened while jobless claims fell in a stronger than expected job market. The Dow fell 22 points to 11,521. Nasdaq held steady at 2227 while S&P 500 lost 2 points to 2227. The 30-year bond rose as the yield eased to 4.891%.
Wednesday, September 13, 2006
Markets Close Higher
The markets closed higher despite a slight gain in oil prices as investors focused on corporate earnings. The Dow climbed 45 points to 11,543 while Nasdaq rose 12 points to 2228. S&P 500 added 5 points to 1318. The 30-year bond inched up as the yield eased to 4.899%.
Markets Rise At Midday
Upbeat earnings took the edge off rising oil prices lifting the markets modestly higher during the midday with the Dow gaining 13 points to 11,511. Nasdaq added 6 points to 2222 while S&P 500 edged up 2 points to 1315. The 30-year bond rose as the yield eased to 4.886%.
Tuesday, September 12, 2006
Oil Drops Below $64 Boosting Markets To Higher Close
Crude oil fell below the $64 a barrel mark to settle at $63.76 a barrel lifting the markets to a higher close. The Dow jumped 101 points to 11,498 while Nasdaq soared 43 points to 2216. S&P 500 climbed 14 points to 1313. The 30-year bond rose as the yield eased to 4.905%.
Falling Oil Prices Lift Markets Higher At Midday
The markets continued to advance during the midday as oil eased to the $65 a barrel mark while the trade deficit soared to a record $68 billion in July. The Dow climbed 61 points to 11,457 while Nasdaq gained 20 points to 2193. S&P 500 rose 7 points to 1307. The 30-year bond eased as the yield inched up to 4.952%.
Monday, September 11, 2006
Markets Close Above Flat Line
The markets closed barely above the flat line as oil and metals prices tumbled. The Dow added 5 points to 11,397 while Nasdaq gained 7 points to 2173. S&P 500 edged up a point to 1300. The 30-year bond eased as the yield rose to 4.94%.
Markets Higher As Oil Slips
Falling oil prices lifted the markets modestly higher during the midday with the Dow gaining 15 points to 11,407 while Nasdaq rose 12 points to 2177. S&P 500 added 2 points to 1301. The 30-year bond eased as the yield rose to 4.952%.
Friday, September 08, 2006
Falling Oil Lifts Markets To Higher Close
Falling oil prices lifted the markets to a higher close with the Dow rising 61 points to 11,392. Nasdaq gained 10 points to 2166 while S&P 500 added 5 points to 1299. The 30-year bond rose as the yield eased to 4.916%.
Thursday, September 07, 2006
Markets Close Lower Over Economic Concerns
Concerns about a slowing economy sent the markets to a lower close with the Dow falling 75 points to 11,331. Nasdaq dropped 13 points to 2155 while S&P 500 lost 6 points to 1294. The 30-year bond rose as the yield eased to 4.939%.
Wednesday, September 06, 2006
Rate Fears Weighed Down The Markets
Rising wages sparked fears of further interest rate hikes sending the markets lower with the Dow tumbling 63 points to 11,406. Nasdaq plunged 38 points to 2168 while S&P 500 dropped 13 points to 1300. The 30-year bond eased as the yield rose to 4.952%.
Rising Wages Weigh Down Markets
The markets extended its losses during the midday over rising wages with the Dow falling 43 points to 11,426. Nasdaq dropped 28 points to 2178 while S&P 500 lost 9 points to 1304. The 30-year bond eased as the yield rose to 4.972%.
Tuesday, September 05, 2006
Markets Close Higher As Oil Retreats
The markets closed modestly higher as oil prices retreated. The Dow added 5 points to 11,469 while Nasdaq climbed 13 points to 2206. S&P 500 gained 2 points to 1313. The 30-year bond eased as the yield rose to 4.932%.
Markets Up Over Possible New Oil Find
The markets advanced during the midday over news of a possible oil reserve in the Gulf of Mexico. The Dow gained 12 points to 11,476 while Nasdaq rose 13 points to 2206. S&P 500 added 3 points to 1314. The 30-year bond eased as the yield edged up to 4.928%.
