Friday, March 30, 2007
The markets closed near the flatline as an increase in consumer spending and construction spending took the sting out of rising oil prices. The Dow added 6 points to 12,354 while Nasdaq gained 4 points to 2422. S&P 500 slipped 2 points to 1421. The 30-year bond eased as the yield inched up to 4.848%.
Markets Lower Despite Rising Spending As Oil Surges
The markets recovered from early morning losses but continued to trade in negative territory as consumer spending rose. The Dow lost 15 points to 12,333 while Nasdaq slipped 2 points to 2416. S&P 500 fell 4 points to 1419. The 30-year bond eased as the yield rose to 4.841%.
Thursday, March 29, 2007
Markets Close Higher As GDP Revised Up
A surprise upward revision of the fourth quarter GDP lifted the markets to a modestly higher close with the Dow climbing 48 points to 12,349. Nasdaq added a point to 2418 while S&P 500 gained 5 points to 1423. The 30-year bond rose as the yield eased to 4.829%.
Markets Mixed Over Rising Oil Prices
The markets traded mixed during the midday as concerns about Iran lifted oil prices. The Dow gained 28 points to 12,329 while Nadaq fell 8 points to 2409. S&P 500 added 2 points to 1419. The 30-year bond eased as the yield inched up to 4.832%.
Wednesday, March 28, 2007
Markets Close Lower Over Disappointing Durable Goods Report
A disappointingly small gain in orders for durable goods sent the markets down to close lower with the Dow dropping 97 points to 12,300. Nasdaq tumbled 20 points to 2417 while S&P 500 lost 12 points to 1417. The 30-year bond eased as the yield rose to 4.831%.
Markets Lower Over Disappointing Durable Goods Orders
Rising oil prices along with a smaller than expected gain in durable goods orders weighed down the markets during the midday with the Dow tumbling 58 points to 12,339. Nasdaq fell 6 points to 2432 while S&P 500 lost 6 points to 1424. The 30-year bond inched up as the yield eased to 4.801%.
Tuesday, March 27, 2007
Markets Close Lower Over Drop In Consumer Confidence
Concerns about the housing market weighed down consumer confidence sending the markets to a lower close with the Dow falling 72 points to 12,397. Nasdaq tumbled 18 points to 2437 while S&P 500 dropped 8 points to 1430. The 30-year bond eased as the yield inched up to 4.809%.
Falling Consumer Confidence Weighs Down Markets
A larger than expected drop in consumer confidence weighed down the markets during the midday with the Dow falling 74 points to 12,395. Nasdaq tumbled 17 points to 2439 while S&P 500 lost 9 points to 1429. The 30-year bond eased as the yield rose to 4.815%.
Monday, March 26, 2007
Markets Close Mixed As Home Sales Tumble
The markets closed mixed as sales of new homes dropped sharply in February. The Dow fell 12 points to 12,469 while Nasdaq gained 7 points to 2456. S&P 500 added a point to 1438. The 30-year bond rose as the yield eased to 4.783%.
Markets Tumble As New Home Sales Fall
An unexpected drop in February sales of new homes sent the markets tumbling during the midday with the Dow dropping 74 points to 12,407. Nasdaq lost 11 points to 2438 while S&P 500 fell 7 points to 1429. The 30-year bond rose as the yield slipped to 4.774%.
Friday, March 23, 2007
Gain In Home Sales Boost Markets To Higher Close
An unexpected gain in existing home sales lifted the markets to a modestly higher close with the Dow rising 20 points to 12,481. Nasdaq added 4 points to 2456 while S&P 500 climbed 2 points to 1436. The 30-year bond slipped as the yield rose to 4.799%.
Markets Up As Home Sales Rise
A surprising surge in February home sales lifted the markets higher during the midday with the Dow climbing 22 points to 12,483. Nasdaq eased a fraction to 2451 while S&P 500 added 2 points to 1437. The 30-year bond edged down as the yield inched up to 4.790%.
Thursday, March 22, 2007
Markets Close Mixed As Jobless Claims Fall
Despite a surge in oil prices, the markets closed mixed as jobless claims fell. The Dow gained 14 points to 12,461 while Nasdaq lost 4 points to 2452. S&P 500 slipped a fraction to 1435. The 30-year bond eased as the yield rose to 4.782%.
Markets Flat As Oil Rises
The markets traded near the flatline during the midday as oil prices rose. The Dow added 3 points to 12,451 while Nasdaq lost 5 points to 2451. S&P 500 held steady at 1435. The 30-year bond eased as the yield inched up to 4.785%.
Wednesday, March 21, 2007
Expectation Of Steady Interest Rates Lift Markets To Higher Close
The markets surged to a higher close as investors became more confident that the Fed will hold interest rates steady. The Dow leaped 159 points to 12,448 while Nasdaq soared 48 points to 2456. S&P 500 jumped 24 points to 1435. The 30-year bond inched up as the yield eased to 4.696%.
Markets Mixed Ahead Of Fed Decision
The markets traded mixed during the midday as investors await the Federal Reserve's decision about interest rates. The Dow fell 11 points to 12,277 while Nasdaq held steady at 2408. S&P 500 added a point to 1412. The 30-year bond eased as the yield rose to 4.736%.
Tuesday, March 20, 2007
Investors Expecting Steady Interest Rates Lift Markets To Higher Close
The markets closed higher with investors confident that the Federal Reserve will hold interest rates steady. The Dow gained 62 points to 12,288 while Nasdaq climbed 14 points to 2408. S&P 500 rose 9 points to 1411. The 30-year bond edged up as the yield eased to 4.707%.
Markets Higher As Home Construction Rebounds
A rebound in home construction lifted the markets higher during the midday with the Dow climbing 27 points to 12,253. Nasdaq gained 9 points to 2404 while S&P 500 added 4 points to 1406. The 30-year bond rose as the yield eased to 4.697%.
Monday, March 19, 2007
Markets Close Higher Over Merger News
Investors greeted merger news with enthusiasm by lifting the markets to a higher close. The Dow jumped 116 points to 12,226 while Nasdaq surged 22 points to 2394. S&P 500 climbed 15 points to 1402. The 30-year bond eased as the yield rose to 4.717%.
M&A Lift Markets Higher At Midday
Mergers and acquisitions lifted the markets higher during the midday with the Dow soaring 123 points to 12,232. Nasdaq leaped 27 points to 2400 while S&P 500 surged 15 points to 1402. The 30-year bond eased as the yield inched up to 4.717%.
Friday, March 16, 2007
Spike In Consumer Prices Sends Markets To Lower Close
Consumer prices spiked in February sending the markets to a lower close with the Dow tumbling 49 points to 12,110. Nasdaq fell 6 points to 2373 while S&P 500 lost 5 points to 1387. The 30-year bond eased as the yield inched up to 4.695%.
Markets Lower As Inflation Rises
A surge in consumer inflation weighed down the markets during the midday with the Dow falling 15 points to 12,145. Nasdaq lost 7 points to 2371 while S&P 500 slipped 3 points to 1389. The 30-year bond eased as the yield inched up to 4.695%.
Thursday, March 15, 2007
Markets Close Higher Despite Inflation
Despite a surge in wholesale inflation, the markets rose to close modestly higher with the Dow gaining 26 points to 12,160. Nasdaq added 7 points to 2379 while S&P 500 climbed 5 points to 1392. The 30-year bond inched up as the yield eased to 4.692%.
Markets Flat As Wholesale Prices Surge
The markets traded near the flatline during the midday as wholesale prices surged. The Dow added 8 points to 12,142 while Nasdaq held steady at 2372. S&P 500 climbed 12 points to 1390. The 30-year bond eased as the yield inched up to 4.695%.
Wednesday, March 14, 2007
Markets Rebound To Close Higher
The markets rebounded from earlier losses to close higher with the Dow climbing 57 points to 12,133. Nasdaq rose 21 points to 2372 while S&P 500 gained 9 points to 1387. The 30-year bond eased as the yield rose to 4.694%.
Subprime Woes Weigh Down Markets
Subprime woes continued to weigh on investors sending the markets lower during the midday with the Dow plunging 96 points to 11,980. Nasdaq dropped 8 points to 2342 while S&P 500 fell 3 points to 1375. The 30-year bond inched up as the yield eased to 4.650%.
Tuesday, March 13, 2007
Surging Foreclosures Send Markets To Lower Close
Surging foreclosures rattled investors still reeling from the collapse of the subprime sector sending the markets plunging with the Dow posting its second largest drop of 2007. The blue chip index plummeted 243 points to 12,076 while Nasdaq skidded 52 points to 2351. S&P 500 tumbled 29 points to 1378. The 30-year bond rose as the yield slipped to 4.658%.
Markets Plunge Over Mortgage Concerns
Weak retail sales and concerns about mortgage defaults sent the markets tumbling during the midday with the Dow plummeting 125 points to 12,193. Nasdaq plunged 30 points to 2373 while S&P 500 skidded 16 points to 1392. The 30-year bond edged up as the yield eased to 4.675%.
Monday, March 12, 2007
M&A Activity Lift Markets To Higher Close
A flurry of mergers and acquistions lifted the markets to a higher close with the Dow gaining 42 points to 12,319. Nasdaq climbed 15 points to 2402 while S&P 500 added 4 points to 1407. The 30-year bond rose as the yield eased to 4.692%.
Markets Flat At Midday Over Subprime Concerns
The markets traded near the flatline during the midday as unease about the subprime lending market overshadowed mergers and acquisitions news. The Dow added 6 points to 12,282 while Nasdaq gained 3 points to 2391. S&P 500 edged up a point to 1404. The 30-year bond rose as the yield slipped to 4.683%.
Friday, March 09, 2007
Markets Close Mixed
The markets closed mixed despite a strong jobs report as inventories surged. The Dow gained 16 points to 12,276 while Nasdaq held steady at 2388. S&P 500 added a point to 1403. The 30-year bond eased as the yield rose to 4.723%.
Upbeat Jobs Report Lifts Markets Higher
An upbeat jobs report lifted the markets higher during the midday with the Dow rising 28 points to 12,289. Nasdaq added 5 points to 2393 while S&P 500 gained 3 points to 1405. The 30-year bond eased as the yield rose to 4.725%.
Thursday, March 08, 2007
Markets Close Higher As Global Markets Stablize
The markets recovered to close higher as stability returned to the global markets. The Dow climbed 68 points to 12,261 while Nasdaq rose 13 points to 2388. S&P 500 gained 10 points to 1402. The 30-year bond eased as the yield inched up to 4.650%.
Markets Up As Jobless Claims Fall
The markets traded higher during the midday as jobless claims fall. The Dow surged 95 points to 12,287 while Nasdaq soared 24 points to 2399. S&P 500 climbed 14 points to 1406. The 30-year bond eased as the yield rose to 4.663%.
Wednesday, March 07, 2007
Rising Oil Weighs Down Markets
The markets closed modestly lower as oil prices climbed. The Dow fell 15 points to 12,192 while Nasdaq lost 11 points to 2375. S&P 500 slipped 3 points to 1392. The 30-year bond edged up as the yield eased to 4.636%.
Markets Turn Negative As Oil Spikes
The markets slipped into negative territory as oil prices spiked. The Dow lost 5 points to 12,202 while Nasdaq fell 9 points to 2376. S&P 500 edged down a point to 1394. The 30-year bond eased as the yield rose to 4.657%.
Tuesday, March 06, 2007
Markets Close Higher Over World Market Recovery
A recovery of the world markets boosted investor sentiment and lifted the U. S. markets to a higher close. The Dow jumped 157 points to 12,208 while Nasdaq soared 44 points to 2385. S&P 500 surged 21 points to 1395. The 30-year bond eased as the yield edged up to 4.655%.
Markets Higher As World Markets Recover
The markets traded higher during the midday as the world markets recovered from last week's steep losses. The Dow soared 89 points to 12,139 while Nasdaq surged 32 points to 2373. S&P 500 climbed 15 points to 1389. The 30-year bond inched up as the yield eased to 4.649%.
Monday, March 05, 2007
Markets Close Lower Over Subprime Slump
The markets closed lower as subprime lenders continued to tumble amid default concerns. The Dow plunged 64 points to 12,050 while Nasdaq plummeted 27 points to 2341. S&P 500 dropped 13 points to 1374. The 30-year bond eased as the yield inched up to 4.654%.
Asian Markets Weigh Down U. S. Markets
Another drop in the Asian markets weighed down the U. S. markets during the midday with the Dow falling 16 points to 12,098. Nasdaq tumbled 14 points to 2354 while S&P 500 lost 4 points to 1383. The 30-year bond rose as the yield eased to 4.645%.
Friday, March 02, 2007
Strong Yen Sends Markets To Lower Close
The markets closed lower as the yen rallied against the dollar. The Dow plummeted 120 points to 12,114 while Nasdaq plunged 36 points to 2368. S&P 500 tumbled 16 points to 1387. The 30-year bond rose as the yield eased to 4.650%.
Economic Concerns Weigh Down Markets
Continued concerns about the nation's economy weighed down the markets during the midday with the Dow falling 29 points to 12,206. Nasdaq dropped 12 points to 2392 while S&P 500 lost 8 points to 1396. The 30-year bond rose as the yield eased to 4.662%.
Thursday, March 01, 2007
Markets Close Modestly Lower
The markets closed modestly lower as a gain in manufacturing activity helped Wall Street recover from a sharp early morning plunge. The Dow lost 34 points to 12,234 while Nasdaq fell 12 points to 2404. S&P 500 slipped 4 points to 1403. The 30-year bond eased as the yield edged up to 4.679%.
