Tag: economic news

Stocks on Tuesday closed marginally higher than the Monday level as the day saw both highs and lows. Finally the stocks closed at 13 month high for the second consecutive day thanks to commodity linked shares that offset the decline in retail shares. The Dow increased by about 30 points(0.3%) to end the day at 10,437.42 points. The S&P 500 increased marginally by 1 points to close just above the 1,100 level. The Nasdaq composite increased by 0.3% to close at 2,203.78. Since October 2008 all these three indexes are currently at their highest level. The sectors which gained on Tuesday included Materials (gain of 0.9%), Telecom (gain of 0.6%), Tech (gain of 0.5%), Consumer Staples (gain of 0.2%), Financials (gain of 0.1%) and Health Care (gain of 0.1%). Consumer discretionary and Utilities registered a decline of 0.7% and 0.4% respectively. Industrials and Energy stocks closed the  [...]

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  [...]