Author: Beacon Wealth

Indexes finish near session highs, but still lose ground. Indexes spent the latter half of the session climbing out of a morning hole thanks to WTI crude oil, which fell 3.75%, setting a negative tone for the day. Upbeat holiday … Continue reading →

Santa Claus makes Wall Street stop; stocks rally on the week. Despite mixed results on Thursday amid a shortened session, indexes rallied more than 2% on the week, pushing the S&P 500 back into positive territory on the year. Energy … Continue reading →

Wall Street marches higher amid WTI crude oil gains, mixed economic data. Mixed housing data and lackluster gross domestic product (GDP) figures kept morning gains in check, but energy stocks led the markets higher in afternoon trading thanks to oil’s … Continue reading →

Indexes rebound after two days of sharp losses. Major indexes finished nicely higher on Monday thanks to a late-day rally, though volatility remains elevated heading into the final trading days of the year. Telecom stocks continue to outpace the broader … Continue reading →

Equities continue retreat; indexes flat on the week. Stocks posted steep declines for a second straight session on Friday, wiping out a three-day rally earlier in the week. All 10 sectors faced selling pressure, with financials being the day’s laggard, … Continue reading →

Indexes surrender Wednesday’s gains. Enthusiasm faded on Thursday as stocks quickly turned lower and remained well below par for the remainder of the session. Nine of 10 sectors fell, all by more than 1%, with utilities the lone standout. Energy … Continue reading →

Fed liftoff spurs stock liftoff. Indexes soared after the Federal Reserve Bank (Fed) raised U.S. interest rates for the first time in nine years–though not without volatility–pushing the S&P 500 back into positive territory on the year. Nine of 10 … Continue reading →

Earlier today, the Federal Reserve (Fed) finally raised the target for the federal funds rate by 0.25%. By raising this key overnight borrowing rate, the Fed raised interest rates for the first time in nine years. While the increase means … Continue reading →

Stocks rally ahead of Fed decision. The bulls were firmly in charge in advance of today’s Federal Reserve Bank (Fed) interest rate announcement, with indexes jumping at the open and holding gains throughout the session. All 10 sectors rose, but … Continue reading →

Indexes post gains in late day rally. Stocks moved in and out of positive territory on Monday before climbing back into the green in the final half hour of trading. Nine of 10 sectors rose, but defensive stocks led to … Continue reading →