Thursday, May 31, 2007

Markets Close Mixed Over Sluggish Economy

The markets closed mixed over unexpectedly weak economic growth in the first quarter. The Dow lost 5 points to 13,628 while Nasdaq climbed 12 points to 2605. S&P 500 held steady at 1531. The 30-year bond eased as the yield rose to 5.011%.

Weak GDP Lifts Markets Higher At Midday

The markets traded modestly higher over a weak GDP for the first quarter. The Dow added 19 points to 13,652 while Nasdaq rose 12 points to 2604. S&P 500 gained 2 points to 1532. The 30-year bond eased as the yield rose to 5.033%.

Wednesday, May 30, 2007

Markets Surge After Release Of Fed's Minutes

The markets surged to close higher after investors interpreted minutes from the Federal Reserve's meeting to imply that a rate cut in the near future was possible. The Dow leaped 112 points to 13,633 while Nasdaq soared 21 points to 2593. S&P 500 jumped 12 points to close at a record 1530. The 30-year bond rose as the yield eased to 5.010%.

Market Lower Over Chinese Stock Market Drop

A sharp drop in the Chinese market sent the markets modestly lower during the midday with the Dow slipping 4 points to 13,517. Nasdaq lost 3 points to 2569 while S&P 500 held steady at 1518. The 30-year bond inched up as the yield eased to 5.005%.

Tuesday, May 29, 2007

Markets Close Higher Over Upbeat Consumer Confidence

The markets closed modestly higher over upbeat consumer confidence numbers. The Dow gained 14 points to 13,521 while Nasdaq climbed 15 points to 2572. S&P 500 added 2 points to 1518. The 30-year bond eased as the yield rose to 5.014%.

Friday, May 25, 2007

Markets Higher Ahead Of Holiday Weekend

The markets closed modestly higher ahead of the Memorial Day weekend with the Dow gaining 66 points to 13,507. Nasdaq climbed 19 points to 2557 while S&P 500 added 8 points to 1516. The 30-year bond held steady at 5.008%.

Markets Higher Over Nasdaq's Acquistion of Sweden's OMX

Mergers and acquisitions lifted the markets higher during the midday with the Dow climbing 24 points to 13,465. Nasdaq gained 11 points to 2549 while S&P 500 eased as the yield edged up to 5.013%.

Thursday, May 24, 2007

Markets Close Lower As Home Sales Surge

A surge in April home sales dashed hopes for an interest rate cut sending the markets tumbling to a lower close with the Dow falling 85 points to 13,441. Nasdaq plunged 39 points to 2538 while S&P 500 dropped 15 points to 1508. The 30-year bond rose as the yield eased to 5.008%.

Markets Mixed Over Housing Data

The markets traded mixed during the midday as home sales surged in April while prices plunged. The Dow added a point to 13,527 while Nasdaq tumbled 20 points to 2557. S&P 500 lost 5 points to 1517. The 30-year bond eased as the yield rose to 5.025%.

Wednesday, May 23, 2007

Greenspan's Comments Send Markets To Lower Close

The markets reversed directions to close modestly lower after former Federal Reserve Chairman Alan Greenspan warned that China's stock market may suffer a sharp decline. The Dow lost 14 points to 13,526 while Nasdaq dropped 11 points to 2577. S&P 500 slipped 2 points to 1522. The 30-year bond eased as the yield rose to 5.014%.

M&A Lift Markets Higher At Midday

Mergers and acquisitions activity lifted the markets higher during the midday with the Dow climbing 52 points to 13,592. Nasdaq gained 8 points to 2596 while S&P 500 rose 6 points to 1530. The 30-year bond eased as the yield edged up to 4.997%.

Tuesday, May 22, 2007

Markets Close Flat Even As Oil Retreats

The markets closed near the flatline even as oil prices retreated as investors awaited the outcome of trade discussions between the U. S. and China. The Dow lost 3 points to 13,540 while Nasdaq added 9 points to 2588. S&P 500 slipped a point to 1524. The 30-year bond eased as the yield rose to 4.983%.

Markets Negative Despite Mergers & Acquisitions

The markets slipped into negative territory during the midday even with the announcement of more mergers and acquisitions deals. The Dow fell 6 points to 13,537 while Nasdaq slipped 2 points to 2577. S&P 500 lost 3 points to 1522. The 30-year bond eased as the yield rose to 4.945%.

Monday, May 21, 2007

Markets Close Mixed As Gas Prices Set Record

The markets closed mixed despite mergers and acquisitions activity as retail gas prices rose to a record high. The Dow fell 14 points to 13,543 while Nasdaq climbed 20 points to 2579. S&P 500 traded briefly above its record close of 1527 before retreating to close up 2 points to 1525. The 30-year bond rose as the yield eased to 4.941%.

Markets Higher Over Mergers And Acquisitions

Mergers and acquisitions lifted the markets higher during the midday with the Dow rising 24 points to 13,581 while Nasdaq soared 28 points to 2587. S&P 500 climbed 6 points to 1529. The 30-year bond eased as the yield inched up to 4.962%.

Friday, May 18, 2007

M&A Activity Boosts Markets To Higher Close

Mergers and acquisition activity boosted the markets to a higher close with the Dow soaring 80 points to 13,557. Nasdaq surged 19 points to 2558 while S&P 500 climbed 10 points to 1523. The 30-year bond eased as the yield rose to 4.957%.

Upbeat Consumer Sentiment Report Lifts Markets Higher

A better than expected consumer sentiment lifted the markets higher during the midday with the Dow climbing 58 points to 13,535. Nasdaq gained 8 points to 2548 while S&P 500 rose 7 points to 1520. The 30-year bond eased as the yield rose to 4.931%.

Thursday, May 17, 2007

Markets Close Lower Over Mixed Data

Mixed economic data sent the markets down to a modestly lower close with the Dow losing 11 points to 13,477. Nasdaq fell 8 points to 2539 while S&P 500 slipped a point to 1513. The 30-year bond eased as the yield inched up to 4.913%.

Markets Lower As Economic Growth Gauge Falls

The markets traded lower during the midday after a gauge of future economic growth fell more than expected. The Dow slipped 3 points to 13,485 while Nasdaq fell 5 points to 2542. S&P 500 eased a point to 1514. The 30-year bond edged down as the yield rose to 4.903%.

Tuesday, May 15, 2007

Markets Soar Over Mild Inflation Data

Mild inflation data sent the markets soaring during the midday with the Dow leaping 112 points to 13,459. Nasdaq gained 7 points to 2554 while S&P 500 climbed 10 points to 1513. The 30-year bond eased as the yield rose to 4.866%.

Monday, May 14, 2007

Markets Close Mixed Ahead Of CPI Report

The markets closed mixed despite merger and acquisition activity as investors await tomorrow's CPI report. The Dow gained 21 points to 13,347 while Nasdaq tumbled 16 points to 2,546. S&P 500 lost 3 points to 1,503. The 30-year bond eased as the yield inched up to 4.860%.

Markets Mixed Ahead Of CPI Report

The markets traded mixed during the midday ahead of tomorrow's CPI report. The Dow gained 29 points to 13,356 while Nasdaq lost 7 points to 2,555. S&P 500 added a point to 1,507. The 30-year bond eased as the yield rose to 4.855%.

Friday, May 11, 2007

Markets Surge Over Mild Inflation

The markets surged to close higher as mild inflation sparked hopes that the Federal Reserve may trim interest rates. The Dow leaped 111 points to 13,326 while Nasdaq jumped 28 points to 2562. S&P 500 surged 14 points to 1506. The 30-year bond eased as the yield inched up to 4.849%.

Mild Inflation Lifts Markets Higher

Mild inflation lifted the markets higher during the midday with the Dow surging 89 points to 13,304. Nasdaq soared 19 points to 2553 while S&P 500 climbed 11 points to 1502. The 30-year bond eased as the yield rose to 4.840%.

Thursday, May 10, 2007

Markets Plunge Over Disappointing Retail Sales

Disappointing retail sales weighed down the markets to a lower close with the Dow plunging 148 points to 13,215. Nasdaq plummeted 43 points to 2534 while S&P 500 tumbled 21 points to 1491. The 30-year bond rose as the yield eased to 4.829%.

Markets Tumble Over Weak Retail Sales

Weak retail sales sent the markets tumbling during the midday with the Dow plummeting 108 points to 13,255. Nasdaq plunged 27 points to 2550 while S&P 500 dropped 15 points to 1498. The 30-year bond rose as the yield eased to 4.828%.

Wednesday, May 09, 2007

Markets Close Higher As Fed Holds Rates Steady

The markets closed higher after the Fed held interest rates steady. The Dow climbed 54 points to close at a record 13,363 while Nasdaq rose 5 points to 2576. S&P 500 gained 5 points to 1513. The 30-year bond eased as the yield edged up to 4.838%.

Markets Mixed Ahead Of Rate Decision

The markets traded mixed of the Fed's interest rate decision. The Dow gained 32 points to 13,341 while Nasdaq slipped 2 points to 2570. S&P 500 added 2 points to 1509. The 30-year bond eased as the yield inched up to 4.813%.

Tuesday, May 08, 2007

Markets Close Flat Ahead Of Fed Meeting

The markets closed near the flatline ahead of the Fed's meeting tomorrow. The Dow slipped 4 points to 13,309 while Nasdaq added a point to 2572. S&P 500 lost 2 points to 1508. The 30-year bond eased as the yield rose to 4.802%.

Markets Lower Ahead Of Fed Meeting

The markets traded lower during the midday ahead of the Federal Reserve's meeting tomorrow. The Dow tumbled 55 points to 13,258 while Nasdaq lost 11 points to 2560. S&P 500 fell 7 points to 1503. The 30-year bond inched up as the yield eased to 4.788%.

Monday, May 07, 2007

Record Close For Dow

Merger news lifted the Dow to another record close with the blue chip index climbing 48 points to 13,313. Nasdaq slipped a point to 2571 while S&P 500 gained 4 points to 1509. The 30-year bond inched up as the yield eased to 4.794%.

Markets Higher Over M&A Activity

Mergers and acquisition activity lifted the markets higher during the midday with the Dow climbing 38 points to 13,303. Nasdaq added 4 points to 2576 while S&P 500 rose 4 points to 1509. The 30-year bond edged up as the yield eased to 4.787%.

Friday, May 04, 2007

Markets Close Higher Over M&A Activity

The markets closed higher over mergers and acquisitions activity. The Dow rose 23 points to 13,265 while Nasdaq climbed 7 points to 2572. S&P 500 gained 3 points to 1506. The 30-year bond rose as the yield eased to 4.804%.

Mergers & Acquisitions Lift Markets Higher

Mergers and acquisitions news lifted the markets higher during the midday with the Dow gaining 22 points to 13,264. Nasdaq climbed 8 points to 2573 while S&P 500 rose 4 points to 1506. The 30-year bond edged up as the yield eased to 4.805%.

Thursday, May 03, 2007

Strong Service Sector Activity Lifts Markets To Higher Close

Strong service sector activity lifted the markets to a higher close with the Dow climbing 30 points to 13,241. Nasdaq gained 8 points to 2565 while S&P 500 rose 6 to 1502 making today the first close over 1500 for the index since September 2000. The 30-year bond eased as the yield inched up to 4.837%.

Service Sector Activity Lifts Markets Higher

Greater than expected expansion in the service sector lifted the markets higher during the midday with the Dow gaining 18 points to 13,230. Nasdaq rose 7 points to 2565 while S&P 500 climbed 5 points to 1501. The 30-year bond slipped as the yield edged up to 4.845%.

Wednesday, May 02, 2007

Dow Sets Another Record Close

A surprisingly upbeat factory orders report lifted the market to a higher close with the Dow setting another record by surging 76 points to 13,212. Nasdaq jumped 26 points to 2558 while S&P 500 climbed 10 points to 1496. The 30-year bond edged down as the yield inched up to 4.819%.

Factory Orders Lift Markets Higher

A sharp gain in factory orders lifted the markets higher during the midday with the Dow climbing 77 points to 13,213. Nasdaq soared 22 points to 2554 while S&P 500 gained 9 points to 1495. The 30-year bond eased as the yield rose to 4.827%.

Tuesday, May 01, 2007

News Corp's Bid For Dow Jones Lifts Markets To Higher Close

News Corp.'s $5 billion offer for Dow Jones lifted the markets to a higher close with the Dow soaring 73 points to 13,136. Nasdaq gained 6 points to 2532 while S&P 500 added 4 points to 1486. The 30-year bond edged up as the yield eased to 4.816%.

Markets Mixed Over Disappointing Home Sales

The markets traded mixed during the midday as disappointing home sales tempered news of a surprising gain in manufacturing activity. The Dow gained 43 points to 13,106 while Nasdaq slipped 2 points to 2523. S&P 500 held steady at 1483. The 30-year bond eased as the yield rose to 4.838%.