Tag: u.s. stocksSort
U.S. Stocks Finish Strong; S&P Establishes New Support
U.S. equity markets rallied sharply overnight, hemmed and hawed about mid-session then took off higher into the close. The catalyst behind this rally was the fresh liquidity being provided by the U.S. Federal Reserve. Once again Europe and Asia had the jump on U.S. traders who bought into the bullish news but quickly backed off when prices got too lofty.
U.S. Stocks Finish Lower Under Thin Conditions Ahead of GDP Report
U.S. stock markets closed lower under thin trading conditions as most major market participants took the day off ahead of tomorrow’s 2Q GDP report. This left the market wide open for day-traders and scalpers who created a little volatility early before eventually settling down after the mid-session.
Economic Woes Pressure U.S. Stocks, Dollar Overnight
U.S. equity markets are trading flat to lower overnight amid concerns the markets have little strong economic news to use as a catalyst to launch them higher. The U.S. Dollar is also trading weaker, driven down by a stronger Euro and Japanese Yen on worries the U.S. economic outlook remains bleak.
U.S. equity markets are expected to open better this morning despite a break from their overnight highs. Stocks were trading better in the night session following a sharp sell-off on Monday. Traders were reacting to the firm Euro and to positive comments from Fed Chairman Bernanke.
U.S. Stocks Strengthen as Demand for Risk Picks Up
U.S. equity markets are called higher this morning in follow-through buying following Monday’s strong finish. Stocks were under pressure at the mid-session yesterday but mounted a strong short-covering rally into the close. The turnaround to the upside in the Euro was the catalyst behind the rally. The June E-mini NASDAQ managed to close higher with the Dow and S&P 500 trailing closely.
U.S. stock markets are trading higher ahead of the opening after hitting oversold levels and bottoming in Asia. Traders took the markets lower overnight in a follow-through break following Tuesday’s sell-off, but after reassessing the financial situation in Greece and the general lack of fresh sellers, turned the markets around on bottom-picking and short-covering.
The stronger U.S. Dollar is helping to put pressure on U.S. equity markets overnight. Concerns about Greek financial problems are pressuring the Euro, leading to a decline in demand for higher risk assets. Traders appear to be lightening up their long equity positions ahead of today’s opening despite the possibility of stronger than expected corporate earnings reports.
U.S. equity markets are expected to open better this morning due to a pick-up in demand for higher yielding assets. Investors are also feeling more confident in the long side following last Friday’s better than expected Non-Farm Payrolls Report. The lack of fresh major economic news until at least Thursday could keep the indices on course for further upside action.
U.S. Stocks Close Nearly Unchanged after Volatile Trading Day
Equity markets finished nearly unchanged on Friday after a volatile and tumultuous trading session. The indices weakened in premarket trading following a surprise move by China’s central bank to curb excessive credit demands. Recent data has shown that China’s economy may be heating up too fast which could lead to an asset bubble in the real estate and housing markets.