Top 3 Reasons Today’s Markets Were Up
Markets closed up on Wall Street: DJI +0.58% SP500 +0.77% Nasdaq +0.49% Gold -0.68% The markets were up because: Energy (NYSE:XLE) shares led markets higher. Egypt (NYSE:EGPT) is the catalyst of the...
View ArticleMarkets Set to End the Quarter With Gains
A more favorable reading from a gauge of Midwest economic activity set off a rally Thursday morning that had major U.S. equity averages in striking distance of a positive finish to the second quarter....
View ArticleMacro Mashup: Do These Reports Signal a Strengthening Recovery?
The American economy finally got some good news today, as strong macroeconomic reports from multiple sectors indicate that business may finally be picking up on the home front. First in this morning...
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Manufacturing ISM Misses
Yesterday, the Chicago PMI miss led us to suggest that the ISM is next. Sure enough, today this other metric that had consistently beaten the negative HF economic data in the late summer was the latest...
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Here’s a Closer Look at the S&P 500′s Brand New All-Time High
The S&P 500 got off to a weak start today. European indexes had paused from rally mode, and shortly after the U.S. markets opened, the Chicago PMI showed a contraction in April, the first since...
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Here’s Why the Market’s Future Looks Stormy
After shaking off poor spending and income reports, the major U.S. stock market indexes traded mostly higher for the last day of May. However, a bout of heavy selling hit the tape just before 3:30 p.m....
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Watch Out Economy, Chicago PMI Dropped to 4-Year Low
Based on the Chicago Purchasing Manager’s Index, growth in business activity has slowed sharply this month. Growth in Chicago-area manufacturing decelerated in June, with the business barometer falling...
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