Friday, June 29, 2007
Despite an increase in consumer spending, the markets closed lower as oil prices climbed. The Dow dropped 14 points to 13,409 while Nasdaq lost 5 points to 2603. S&P 500 slipped 2 points to 1503. The 30-year bond rose as the yield eased to 5.126%.
Markets Flat As Oil Rises
The markets traded near the flatline during the midday as oil prices rose. The Dow added 5 points to 13,428 while Nasdaq edged up a fraction to 2609. S&P 500 held steady at 1506. The 30-year bond rose as the yield slipped to 5.150%.
Thursday, June 28, 2007
Markets Close Mixed After Rate Decision
The markets closed mixed after the Federal Reserve held interest rates steady at 5.25%. The Dow lost 5 points to 13,422 while Nasdaq added 3 points to 2608. S&P 500 slipped a point to 1506. The 30-year bond eased as the yield rose to 5.221%.
Markets Modestly Higher At Midday
Investors lifted the markets modestly higher during the midday on the expectation that the Federal Reserve will hold interest rates steady. The Dow rose 12 points to 13,440 while Nasdaq gained 10 points to 2616. S&P 500 added 4 points to 1211. The 30-year bond eased as the yield edged up to 5.192%.
Wednesday, June 27, 2007
Markets Close Higher Ahead Of Rate Decision
Despite a sharp drop in orders for durable goods, the markets closed higher ahead of the Federal Reserve's interest rate decision. The Dow soared 90 points to 13,428 while Nasdaq surged 31 points to 2605. S&P 500 jumped 13 points to 1506. The 30-year bond rose as the yield eased to 5.189%.
Markets Mixed As Durable Goods Orders Fall
The markets traded mixed during the midday over a sharper than expected drop in durable goods orders. The Dow fell 14 points to 13,324 while Nasdaq added 4 points to 2578. S&P 500 slipped a point to 1491. The 30-year bond rose as the yield eased to 5.183%.
Tuesday, June 26, 2007
Markets Close Lower As Home Prices Fall
Falling home prices weighed down the markets to a lower close with the Dow dropping 14 points to 13,338. Nasdaq lost 3 points to 2574 while S&P 500 fell 5 points to 1493. The 30-year bond eased as the yield rose to 5.221%.
Markets Rise Even As Confidence Falls
Despite a drop in new home sales and consumer confidence, the markets traded higher during the midday with the Dow gaining 66 points to 13,418. Nasdaq rose 7 points to 2584 while S&P 500 added 5 points to 1503. The 30-year bond eased as the yield edged up to 5.223%.
Monday, June 25, 2007
Markets Retreat Over Weak Housing Data
The markets retreated to close modestly lower as existing home sales as well as median home prices dropped. The Dow lost 8 points to 13,352 while Nasdaq fell 12 points to 2577. S&P 500 tumbled 5 points to 1498. The 30-year bond rose as the yield slipped to 5.195%.
Markets Surge As Home Sales Slip
The markets surged in the midday after a report that existing home sales eased in May. The Dow soared 95 points to 13,455 while Nasdaq climbed 11 points to 2600. S&P 500 rose 9 points to 1512. The 30-year bond edged up as the yield slipped to 5.223%.
Friday, June 22, 2007
Markets Plummet Over Rate Concerns
Rate concerns sent the markets tumbling to close sharply lower with the Dow plummeting 186 points to 13,360. Nasdaq plunged 28 points to 2589 while S&P 500 skidded 20 points to 1503. The 30-year bond rose as the yield slipped to 5.257%.
Thursday, June 21, 2007
Markets Close Higher Over Strong Manufacturing Data
Strong manufacturing data lifted the markets in late afternoon trading. The Dow finished the session at 13,546, up 56 points while Nasdaq rose 17 points to close at 2617. S&P 500 gained 9 points to 1522. The 30-year bond eased as the yield edged up to 5.284%.
Wednesday, June 20, 2007
Markets Close Lower As Bond Yields Soar
The markets sold off in late afternoon trading as yields on bonds surged to 5.15%. The Dow lost 146 points or more than 1% to finish the session at 13,489. Nasdaq fell 26 points to close just below 2600 while S&P 500 tumbled 21 points to 1513. The 30-year bond eased as the yield rose to 5.235%.
Markets Lower At Midday
The markets traded lower during the midday with the Dow falling 27 points to 13,608 while Nasdaq lost 7 points to 2620. S&P 500 dropped 7 points to 1527. The 30-year bond slipped as the yield rose to 5.237%.
Tuesday, June 19, 2007
Markets Close Modestly Higher
The markets managed to hold on to modest gains as investors selectively bought blue chips. The Dow added 22 points to close at 13,635 while Nasdaq edged up a fraction to finish the session at 2626. S&P 500 added 3 points 1534. The 30-year bond rose as the yield eased to 5.198%.
Markets Rise Even As Home Construction Falls
The markets traded modestly higher during the midday even as new home construction dropped in May. The Dow gained 21 points to 13,634 while Nasdaq added 2 points to 2629. S&P 500 rose 3 points to 1534. The 30-year bond edged up as the yield eased to 5.208%.
Monday, June 18, 2007
Markets Close Lower As Oil Rises
The markets closed lower as oil prices rose and concerns about inflation lingered. The Dow finished the session at 13,612, down 26 points. Meanwhile, Nasdaq eased a fraction to 2626. S&P 500 slipped 2 points to 1531. The 30-year bond rose as the yield edged down to 5.252%.
Markets Flat At Midday
The markets traded near the flatline during the midday with the Dow losing 3 points to 13,636. Nasdaq added 3 points to 2630 while S&P 500 held steady at 1533. The 30-year bond edged up as the yield eased to 5.262%.
Friday, June 15, 2007
Mild Core Inflation Lifts Markets To Higher Close
Mild core inflation in May boosted the markets to a higher close with the Dow soaring 86 points to 13,639. Nasdaq surged 27 points to 2627 while S&P 500 climbed 10 points to 1533. The 30-year bond rose as the yield eased to 5.263%.
Mild Core Inflation Lifts Markets Higher
The markets continued to climb during the midday over mild core inflation data. The Dow leaped 111 points to 13,665 while Nasdaq jumped 26 points to 2626. S&P 500 surged 12 points to 1535. The 30-year bond rose as the yield eased to 5.269%.
Thursday, June 14, 2007
Markets Close Higher As Bonds Ease
Easing bond yields lifted the markets to a higher close with the Dow climbing 71 points to 13,554. Nasdaq gained 17 points to 2599 while S&P 500 rose 7 points to 1523. The 30-year bond eased as the yield inched up to 5.292%.
Markets Higher Even As Producer Prices Rise
The markets traded higher during the midday even as producer prices rose more than expected. The Dow climbed 64 points to 13,546 while Nasdaq gained 15 points to 2598. S&P 500 added 6 points to 1522. The 30-year bond eased as the yield edged up to 5.283%.
Wednesday, June 13, 2007
Markets Close Higher Over Strong Sales
Surprisingly strong May retail sales boosted the markets to a higher close with the Dow leaping 187 points to 13,482. Nasdaq jumped 33 points to 2582 while S&P 500 surged 23 points to 1516. The 30-year bond edged up as the yield eased to 5.276%.
Upbeat Retail Sales Lift Markets Higher
Upbeat retail sales lifted the markets higher during the midday with the Dow climbing 56 points to 13,351. Nasdaq gained 12 points to 2562 while S&P 500 rose 9 points to 1502. The 30-year bond edged up as the yield eased to 5.311%.
Tuesday, June 12, 2007
Markets Plunge As Bond Yields Soar
Climbing bond yields sent the markets tumbling to close lower with the Dow plummeting 130 points to 13,295. Nasdaq dropped 22 points to 2550 while S&P 500 plunged 16 points to 1493. The 30-year bond fell as the yield surged to 5.356%.
Rising Bond Yields Weigh Down Markets
As bond yield continued to rise, the markets fell with the Dow dropping 47 points to 13,378. Nasdaq lost 12 points to 2560 while S&P 500 slipped 6 points to 1503. The 30-year bond eased as the yield rose to 5.319%.
Monday, June 11, 2007
Markets Close Flat As Bond Yield Rise
The markets closed flat as rising bond yields lured away investors. The Dow added a point to 13,425 while Nasdaq slipped a point to 2572. S&P 500 gained a point to 1505. The 30-year bond eased as the yield rose to 5.24%.
Markets Modestly Higher At Midday
The markets traded modestly higher during the midday with the Dow climbing 18 points to 13,443. Nasdaq added 4 points to 2578 while S&P 500 rose 4 points to 1511. The 30-year bond eased as the yield inched up to 5.249%.
Friday, June 08, 2007
Markets Surge To Close Sharply Higher
The markets surged in afternoon trading to close sharply higher as oil prices tumbled and the trade deficit narrowed. The Dow leaped 158 points to 13,424 while Nasdaq jumped 32 points to 2574. S&P 500 soared 17 points to 1508. The 30-year bond eased as the yield rose to 5.220%.
Drop In Trade Deficit Lifts Markets Higher At Midday
The markets traded modestly higher during the midday after the nation's trade deficit fell in April. The Dow rose 33 points to 13,300 while Nasdaq climbed 13 points to 2554. S&P 500 add 4 points to 1495. The 30-year bond eased as the yield inched up to 5.261%.
Thursday, June 07, 2007
Markets Drop As Bond Yields Rise
Rising bond yields sent the markets sharply lower as the Dow skidded 199 points to 13,267. Nasdaq plummeted 46 points to 2541 while S&P 500 plunged 27 points to 1491. The 30-year bond dropped as the yield climbed to 5.203%.
Markets Plunge As Oil Prices Surge
The markets plunged during the midday as oil prices surged and bond yields climbed. The Dow plummeted 114 points to 13,352 while Nasdaq plunged 27 points to 2560. S&P 500 tumbled 16 points to 1501. The 30-year bond fell as the yield rose to 5.217%.
Wednesday, June 06, 2007
Inflation Fears Send Markets Down
Fears of inflation sent the markets tumbling to close lower with the Dow plummeting 130 points to 13,466. Nasdaq plunged 24 points to 2587 while S&P 500 tumbled 14 points to 1517. The 30-year bond slipped as the yield rose to 5.084%.
Markets Lower Over Higher Labor Costs
An increase in labor expenses weighed down the markets during the midday with the Dow plunging 99 points to 13,497. Nasdaq plummeted 22 points to 2589 while S&P 500 tumbled 12 points to 1519. The 30-year bond slipped as the yield rose to 5.090%.
Tuesday, June 05, 2007
Bernanke's Comments Send Markets To Lower Close
Comments by Fed chief Ben Bernanke that dashed hopes of an interest rate cut sent the markets tumbling to a lower close with the Dow plummeting 81 points to 13,595. Nasdaq dropped 7 points to 2611 while S&P 500 fell 8 points to 1531. The 30-year bond eased as the yield rose to 5.067%.
Markets Plunge Over Rate Concerns
Unexpectedly strong growth in the service sector sparked concerns that the Fed will not lower interest rates. The Dow plunged 108 points to 13,568 while Nasdaq tumbled 20 points to 2599. S&P 500 dropped 13 points to 1526. The 30-year bond eased as the yield rose to 5.063%.
Monday, June 04, 2007
M&A Activity Lifts Markets Modestly Higher
The markets closed modestly higher despite weakness in factory orders as investors focused on mergers and acquisitions activity. The Dow added 8 points to 13,676 while Nasdaq rose 4 points to 2618. S&P 500 gained 3 points to 1539 while the 30-year bond edged up as the yield slipped to 5.022%.
Markets Lower After Shanghai Index Plunge
The markets traded lower during the midday in reaction to a sharp plunge in the Shanghai Index. The Dow dropped 16 points to 13,652 while Nasdaq eased a point to 2613. S&P 500 held steady at 1536. The 30-year bond rose as the yield slipped to 5.031%.
Friday, June 01, 2007
Markets Close Higher Over Strong Manufacturing Activity
Strength in the manufacturing sector lifted the markets to a higher close with the Dow gaining 40 points to 13,668. Nasdaq rose 9 points to 2614 while S&P 500 added 6 points to 1536. The 30-year bond slipped as the yield rose to 5.062%.
Markets Rise Over Gain In Manufacturing Activity
A surprising gain in manufacturing activity lifted the markets higher during the midday with the Dow climbing 37 points to 13,665. Nasdaq gained 14 points to 2618 while S&P 500 added 6 points to 1537. The 30-year bond eased as the yield rose to 5.052%.
