Tuesday, July 31, 2007
American Home Mortgage teetered on the brink of bankruptcy sending the markets skidding to a close with the Dow plummeting 146 points to 13,212. Nasdaq plunged 37 points to 2546 while S&P 500 tumbled 19 points to 1455. The 30-year bond rose as the yield slipped to 4.922%.
Markets Higher Over Strong Earnings
Strong earnings news boosted the markets higher during the midday with the Dow gaining 69 points to 13,427. Nasdaq rose 7 points to 2590 while S&P 500 climbed 8 points to 1482. The 30-year bond edged up as the yield eased to 4.947%.
Monday, July 30, 2007
Bargain Hunters Lift Markets To Higher Close
The markets recovered in late afternoon trading as bargain hunters took advantage of last week's sharp losses. The Dow surged 93 points to 13,358 while Nasdaq soared 21 points to 2583. S&P 500 climbed 15 points to 1474. The 30-year bond eased as the yield rose to 4.959%.
Markets Flat Over Disappointing Earnings
The markets traded near the flatline over disappointing earnings. The Dow slipped a point to 13,265 while Nasdaq lost 3 points to 2559. S&P 500 held steady at 1459. The 30-year bond edged up as the yield eased to 4.941%.
Friday, July 27, 2007
Second Day Of Sharp Losses
The markets posted sharp losses for the second day despite a surprisingly upbeat GDP report as investors continued to be concerned about the ailing housing industry. The Dow plummeted 208 points to 13,265 while Nasdaq skidded 37 points to 2562. S&P 500 plunged 24 points to 1459. The 30-year bond eased as the yield edged up to 4.949%.
Markets Fall As Oil Rises
Rising oil prices weighed down the markets during the midday with the Dow plunging 143 points to 13,331 while Nasdaq tumbled 25 points to 2574. S&P 500 plummeted 17 points to 1465. The 30-year bond rose as the yield eased to 4.930%.
Thursday, July 26, 2007
Markets Plummet Over Housing Concerns
Concerns about the stability of housing market sent the markets skidding to a close with the Dow posting its largest drop of the year. The blue chip index plummeted 311 points to 13,474 while Nasdaq plunged 49 points to 2599. S&P 500 tumbled a sharp 35 points to 1483. The 30-year bond rose as the yield dropped to 4.948%.
Markets Plummet Over Housing Woes
A sharp drop in new home sales sent the markets reeling with the Dow plummeting 216 points to 13,569. Nasdaq plunged 50 points to 2599 while S&P 500 skidded 29 points to 1489. The 30-year bond rose as the yield fell to 4.966%.
Wednesday, July 25, 2007
Markets Close Higher Over Upbeat Earnings
Upbeat earnings news lifted the markets to a higher close with the Dow climbing 68 points to 13,785. Nasdaq rose 8 points to 2648 while S&P 500 gained 7 points to 1518. The 30-year bond edged up as the yield slipped to 5.026%.
Strong Earnings Lift Markets Higher
Despite a drop in existing home sales, the markets traded higher during the midday as investors focused on strong earnings news. The Dow rose 40 points to 13,757 while Nasdaq gained 4 points to 2644. S&P 500 added 3 points to 1514. The 30-year bond edged up as the yield eased to 5.032%.
Tuesday, July 24, 2007
Markets Plummet Over Mortgage Industry Concerns
Sharply lower earnings at Countrywide sparked renewed concerns about the mortgage industry sending the markets plummeting with the Dow skidding 226 points to 13,717. Nasdaq plunged 51 points to 2640 while S&P 500 tumbled 31 points to 1511. The 30-year bond edgedup as the yield eased to 5.062%.
Mortgage Concerns Weigh Down Markets
Concerns about the mortgage industry weighed down the markets during the midday with the Dow plummeting 100 points to 13,844. Nasdaq plunged 20 points to 2670 while S&P 500 tumbled 12 points to 1530. The 30-year bond rose as the yield eased to 5.053%.
Monday, July 23, 2007
Corporate Consolidations Lift Markets To Higher Close
Corporate consolidations boosted the markets to a higher close with the Dow surging 92 points to 13,943. Nasdaq rose 3 points to 2691 while S&P 500 gained 7 points to 1542. The 30-year bond eased as the yield edged up to 5.067%.
Markets Advance Over M&A Activity
The markets continued to advance during the midday over mergers and acquisitions activity. The Dow leaped 111 points to 13,962 while Nasdaq climbed 13 points to 2701. S&P 500 soared 11 points to 1545. The 30-year bond eased as the yield edged up to 5.068%.
Friday, July 20, 2007
Markets Close Lower Over Disappointing Earnings
The markets closed sharply lower over disappointing earnings from Caterpillar and Google. The Dow plummeted 149 points to 13,851 while Nasdaq plunged 32 points to 2688. S&P 500 tumbled 19 points to 1534. The 30-year bond rose as the yield fell to 5.064%.
Disappointing Earning Send Markets Tumbling
Disappointing earnings from Google and Caterpillar sent the markets plunging during the midday with the Dow plummeting 181 points to 13,820. Nasdaq skidded 45 points to 2675 while S&P 500 tumbled 21 points to 1532. The 30-year bond rose as the yield slipped to 5.056%.
Thursday, July 19, 2007
Dow Closes At 14,000 For First Time
Solid earnings reports boosted the markets to a higher close with the Dow surging 82 points to close at 14,000 for the first time. Nasdaq soared 21 points to 2720 while S&P 500 gained 7 points to 1553. The 30-year bond eased as the yield rose to 5.118%.
Upbeat Earnings Lifts Markets Higher
Upbeat earnings news lifted the markets higher during the midday with the Dow soaring 85 points to 14,003. Nasdaq surged 20 points to 2720 while S&P 500 climbed 8 points to 1554. The 30-year bond eased as the yield rose to 5.137%.
Wednesday, July 18, 2007
Bernanke's Comments Weigh Down Markets
Comments by Federal Reserve Chairman Ben Bernanke that the troubled housing market may continue to dampen economic growth sent the markets tumbling to a close with the Dow falling 53 points to 13,918. Nasdaq dropped 13 points to 2699 while S&P 500 lost 3 points to 1546. The 30-year bond rose as the yield slipped to 5.101%.
Slow Economic Growth Weighs Down Markets
The markets tumbled during the midday after Fed chief Ben Bernanke economic growth will be slower than expected. The Dow plunged 93 points to 13,879 while Nasdaq plummeted 27 points to 2685. S&P 500 dropped 10 points to 1539. The 30-year bond rose as the yield eased to 5.115%.
Tuesday, July 17, 2007
Upbeat Earnings Lift Dow To Another Record Close
Upbeat earnings lifted the markets to a higher close with the Dow climbing 21 points to set another record of 13,972. Nasdaq rose 15 points to 2712 while S&P 500 held steady at 1549. The 30-year bond eased as the yield rose to 5.161%.
Markets Rise Over Mergers & Acquisitions
Mergers and acquisitions lifted the markets higher during the midday with the Dow climbing 45 points to 13,996. Nasdaq gained 11 points to 2709 while S&P 500 added 3 points to 1553. The 30-year bond eased as the yield rose to 5.171%.
Monday, July 16, 2007
Dow Sets Another Record
Earnings and merger news lifted the Dow to another record close as the blue chip index climbed 44 points to 13,951. Nasdaq fell 10 points to 2697 while S&P 500 lost 3 points to 1550. The 30-year bond edged up as the yield eased to 5.126%.
Markets Mixed Over Earnings
The markets traded mixed during the midday over earnings news. The Dow gained 53 points to 13,960 while Nasdaq lost 5 points to 2702. S&P 500 slipped 3 points to 1550. The 30-year bond edged up as the yield eased to 5.135%.
Friday, July 13, 2007
Markets Surge Further Into Record Territory
Despite disappointing retail sales, the markets surged higher into record territory with the Dow climbing 46 points to pass the 13,900 mark and close at a new high of 13,907. Nasdaq gained 5 points to 2707 while S&P 500 added 5 points to 1553. The 30-year bond edged up as the yield eased to 5.194%.
Markets Mixed At Midday
The markets traded mixed during the midday over a disappointing retail sales report. The Dow rose 24 points to 13,886 while Nasdaq lost 4 points to 2697. S&O 500 added 2 points to 1549. The 30-year bond edged up as the yield eased to 5.209%.
Thursday, July 12, 2007
Record Close For Markets As Sales Rise At Discount Retailers
The markets surged higher with the Dow setting a record close as discount retailers Target and Wal-Mart reported higher same store sales. The blue chip index jumped 284 points to 13,862 while Nasdaq leaped 50 points to 2702. S&P 500 soared 29 points to close at a record 1548. The 30-year bond eased as the yield edged up to 5.211%.
Markets Surge At Midday
Despite mixed retail sales figures and a widening trade deficit, the markets surged during the midday with the Dow leaping 161 points to 13,739. Nasdaq soared 23 points to 2675 while S&P 500 surged 14 points to 1533. The 30-year bond eased as the yield rose to 5.210%.
Wednesday, July 11, 2007
Markets Close Higher Over Mergers And Acquistions
Mergers and acquistions lifted the markets to a higher close with the Dow climbing 76 points to 13,578. Nasdaq gained 13 points to 2652 while S&P 500 rose 9 points to 1519. The 30-year bond eased as the yield edged up to 5.183%.
Markets Rise Ahead Of Earnings
The markets traded higher during the midday as investors await earnings news. The Dow climbed 51 points to 13,553 while Nasdaq gained 9 points to 2648. S&P 500 added 5 points to 1515. The 30-year bond eased as the yield rose to 5.177%.
Tuesday, July 10, 2007
Disappointing Forecast Send Markets Tumbling
Disappointing retailer forecasts sent the markets tumbling to a close with the Dow plummeting 148 points to 13,502. Nasdaq plunged 31 points to 2639 while S&P 500 dropped 22 points to 1510. The 30-year bond climbed as the yield fell to 5.132%.
Markets Fall Over Earnings Warnings
Earnings warnings weighed down the markets during the midday with the Dow falling 34 points to 13,616. Nasdaq tumbled 10 points to 2660 while S&P 500 dropped 7 points to 1525. The 30-year bond rose as the yield slipped to 5.167%.
Monday, July 09, 2007
Markets Close Higher Ahead Of Earnings
The markets closed modestly higher ahead of earnings news. The Dow rose 38 points to 13,650 while Nasdaq added 4 points to 2670. S&P 500 edged up a point to 1532. The 30-year bond rose as the yield slipped to 5.246%.
Markets Mixed Ahead Of Earnings
The markets traded mixed during the midday ahead of earnings news. The Dow gained 22 points to 13,634 while Nasdaq slipped a fraction to 2666. S&P 500 held steady at 1530. The 30-year bond edged up as the yield eased to 5.243%.
Friday, July 06, 2007
Markets Close Up Over Jobs Report
The markets closed higher as the nation's unemployment rate remained low while employers added more jobs than expected. The Dow climbed 46 points to 13,612 while Nasdaq gained 10 points to 2,667. S&P 500 added 5 points to 1530. The 30-year bond eased as the yield rose to 5.282%.
Upbeat Jobs Report Lifts Markets Higher
An upbeat jobs report lifted the markets higher during the midday with the Dow climbing 56 points to 13,622. Nasdaq gained 7 points to 2664 while S&P 500 added 2 points to 1528. The 30-year bond eased as the yield rose to 5.277%.
Thursday, July 05, 2007
Markets Mixed As Bond Yields Rise
The markets closed mixed as rising bond yields tempered strength in service sector activity. The Dow lost 11 points to 13,566 while Nasdaq climbed 12 points to 2657. S&P 500 edged up a point to 1525. The 30-year bond eased as the yield rose to 5.237%.
Markets Trade Lower At Midday
The markets traded in negative territory during the midday with the Dow falling 41 points to 13,531. Nasdaq slipped a point to 2644 while S&P 500 lost 4 points to 1521. The 30-year bond eased as the yield rose to 5.222%.
Tuesday, July 03, 2007
Strong Factory Orders Lift Markets To Higher Close
The markets closed early with the major indexes finishing on a high note. Strong factory orders along with mergers and acquisitions news pushed the Dow up 41 points to 13,577. Nasdaq climbed 12 points to close at 2644 while S&P 500 gained 5 points to 1525. The 30-year bond eased as the yield rose to 5.15%.
Monday, July 02, 2007
Markets Close Sharply Higher Over M&A Activity
Mergers and acquisitons news along with a jump in manufacturing activity boosted the markets to a sharply higher close with the Dow surging 127 points to 13,535. Nasdaq leaped 29 points to 2632 while S&P 500 climbed 16 points to 1519. The 30-year bond rose as the yield slipped to 5.100%.
