jeremy July 14, 2011 Blog 0 Comment

U.S. stocks rose, sending the Standard & Poor’s 500 Index toward its second day of gains, as better-than-expected earning from JPMorgan Chase & Co. (JPM) and improving data on jobs and retail sales overshadowed concerns America’s credit rating may be downgraded.  Fewer people sought unemployment benefits last week, ...

Morning Market Commentary 7/13/11

jeremy July 13, 2011 Blog 0 Comment

Markets rose in early trading as Italy announced it will strengthen its package of austerity measures and get it through parliament by Friday, finance minister Giulio Tremonti pledged Wednesday as he sought to calm market fears that the eurozone's third-largest economy would be swept into the European debt crisis.  China's ...

Morning Market Commentary 7/12/11

jeremy July 12, 2011 Blog 0 Comment

Wall Street stocks opened flat on Tuesday, as the euro zone's continuing debt crisis kept nervous investors on edge.  European officials for the first time refused to rule out default by Greece and investors feared the crisis could overtake the bigger European economies of Spain and Italy.  Helping support markets, ...

Morning Market Commentary 7/11/11

jeremy July 11, 2011 Blog 0 Comment

Wall Street stocks sank on Monday as fears about Europe's debt crisis and the global economy sent a shudder through markets and overshadowed the start of the U.S. earnings season.  Global equity markets fell, the euro slid more than 1 percent and the cost of insuring Italian debt jumped to ...

Morning Market Commentary 6/15/11

jeremy June 15, 2011 Blog 0 Comment

Stocks opened sharply lower on Wednesday on worries the Greece debt crisis may escalate and after a negative reading on New York State manufacturing underscoring the headwinds facing the economy.  After six months of holding steady the National Association of Home Builder's sentiment survey fell three points in June to ...

Morning Market Commentary 6/13/11

jeremy June 13, 2011 Blog 0 Comment

Stocks rose on Monday after Wendy's/Arby's Group said it would sell control of its Arby's business to a private equity firm that owns several other quick service franchises, including Moe's Southwest Grill and Auntie Anne's. VF Corp., whose brands include Wrangler and The North Face, also said it would buy ...

Morning Market Commentary 6/9/11

jeremy June 9, 2011 Blog 0 Comment

Stocks are opening mixed after two economic reports suggested that the recovery is still sluggish.  Initial claims for state jobless benefits increased 1,000 to 427,000, the Labor Department said. However, economists polled by Reuters had forecast claims dropping to 415,000 from a previously reported count of 422,000.  A Commerce Department ...

Morning Market Commentary 6/8/11

jeremy June 8, 2011 Blog 0 Comment

Stocks futures fell Wednesday, extending a slide fueled by Federal Reserve chairman Ben Bernanke's comments that economic growth has slowed.  In a speech late Tuesday afternoon, Bernanke said that the U.S. economy wasn't growing as fast as had been expected this year, in part because damage to industrial supplies in ...

Morning Market Commentary 6/7/11

jeremy June 7, 2011 Blog 0 Comment

Stocks appear set to open higher Tuesday following four straight days of losses. Traders are awaiting remarks by Federal Reserve chairman Ben Bernanke that could indicate whether the Fed will continue its loose-money policies.  Before the opening bell, Dow Jones industrial average futures rose 34 points, or 0.3 percent, to ...

Morning Market Commentary 5/27/11

jeremy May 27, 2011 Blog 0 Comment

Stocks are opening higher after a report showed Americans' spending edged up last month.  The Commerce Department said early Friday that both personal income and spending rose 0.4 percent in April, in line with what economists expected. However higher food and gas prices accounted for most of the spending increase. ...