Category: Daily Briefings

The inevitable finally happened. After a six day rally US stock markets saw a decline on Thursday. The Dow declined by 94 points (0.9%) to end at 10,197.47 points. Other indices like the S&P and Nasdaq Composite also registered a decline. S&P declined by 11 points (1%) to close at 1,087.24, and the Nasdaq composite declined by 18 points (0.8%), to end at 2,149.02. The Dow had earlier increased by more than 500 points (5.3%) to reach 13-month high. All sectors registered a decline with the energy and financial stocks registering the maximum decline. Energy sectors declined on the background of lower oil prices which declined by 3% to settle at $76.91 per barrel. The other declining sectors include Financials (down by 1.8%), Utilities (down by 1.3%), Industrials (down by 1.0%), Consumer Discretionary (down by 1.0%), Telecom (down by 0.8%), Materials (down by 0.6%), Health Care (down  [...]

On Wednesday the Dow increased by 44 points (0.4%) to close at 10,291.26. Other indices like S&P and Nasdaq also showed a gain. With an increase of 6 points S&P closed at 1,098.51 while Nasdaq composite closed at 2,166.90 registering an increase of 16 points. Sector wise nine of the 10 major sectors registered a gain on Wednesday with the Utilities being the only sector to register a marginal fall of 0.3%. The sectors which gained include Financials(up by 1.4%), Materials (up by 0.9%), Technology (up by 0.6%), Consumer Discretionary (up by 0.5%), Industrials (up by 0.5%), Consumer Staples (up by 0.3%), Telecom (up by 0.2%), Health Care (up by 0.2%) and Energy (up by 0.1%). The factors which till yesterday drove the markets were very much at play further helping the market on its upward path. Yesterday Fed again reinforced the fact that the economy is on a recovery path and that  [...]

Is this the calm before the storm or after the storm. That’s what investors and analysts seemed to be debating on Tuesday. Tuesday was a mixed day for stock market with the indices increasing at time and falling later clearly showing that investors are being cautious after Monday’s rally when the Dow reached its highest level in 13 months. On Tuesday indices more or less settled in a mixed fashion. The Dow Jones industrial average finally closed at 10,246.97 up by 20 points. Other important indices like S&P and Nasdaq Composite however showed a marginal decline. The S&P 500 declined by 1 point to end at 1,093.01 while the Nasdaq composite declined by 3 points to close at 2,151.08. This was expected as after a rally like on Monday there are normally pullbacks. Many analysts feel that this lack of direction in the market is mainly on account of no major economic news this week  [...]

US stock markets reached new high on Monday (November 9, 2009) with Dow increasing by 204 points to reach 2009 high. Worldwide also stock markets registered gain. The markets were helped by G-20 countries announcement to continue with economic stimulus to revive the economies .With this announcement stocks gained as investors became more confident that low interest rates will be maintained to revive the global economy. On Monday Dow increased by 204 points or 2 percent, to close at 10,226.94 which is its highest level in 13 months. Other indices like S&P and Nasdaq composite also registered gains. Standard & Poor's 500 index increased by 23.78 points or 2.2 percent  to 1,093.08. The Nasdaq composite index increased by 41.62 points or 2 percent to close at 2,154.06. The Russell 2000 index of smaller companies increased by 11.96 points or 2.1 percent to close at 592.31. Year to  [...]