Author: Beacon Wealth

Plunging oil, currency jitters sink stocks. Equities marched steadily lower on Friday to post their worst week in four months. Widespread selling left all 10 sectors in the red, with energy falling another 3.3% on the day, -7% for the … Continue reading →

Stocks hold gains amid afternoon sell-off. Indexes snapped a three-day losing streak on Thursday.  Despite further declines in WTI crude oil prices, bargain hunting helped energy stocks post a second day of gains, while continued strength in biotech pushed healthcare … Continue reading →

Equities fall after early rally dissipates. A morning rebound, led by materials and energy stocks, pushed the S&P 500 up as much as 0.8% before broader selling pressure forced a retreat that left indexes near session lows at the close. … Continue reading →

Stocks extend losses as global growth concerns rekindled. Disappointing trade data out of China again stoked concerns about the health of the global economy. The news triggered further weakness in commodities, including COMEX gold, while WTI crude oil managed to … Continue reading →

Stocks slide on energy woes. Major indexes finished lower Monday, though off the worst levels of the session. Defensive sectors, excluding healthcare, had the only gains on the day, while cyclicals led to the downside, highlighted by energy shares, which … Continue reading →

Stocks jump on strong jobs report. U.S. equities closed sharply higher on Friday following Thursday’s sell-off. Contributing to the move was a November employment report that was largely in-line with expectations showing job creation of +211,000 in November and a … Continue reading →

ECB easing disappoints, roiling financial markets. The European Central Bank (ECB) lowered a key rate Thursday and increased its bond purchase program, but the moves failed to meet market expectations, triggering a strong reaction across financial markets. The euro surged … Continue reading →

Stocks sink on Fed testimony. After opening mixed, indexes sold off following hawkish testimony from Federal Reserve Bank (Fed) Chair Janet Yellen that put a December rate hike firmly in play. In the end, all 10 sectors were in the … Continue reading →

Equities shrug off weak manufacturing data, finish near day’s highs. Stocks sold off after data showed manufacturing activity contracted for the first time in three years, but the bulls regrouped in afternoon trading, pushing indexes up 1%. All 10 sectors … Continue reading →

Equities little changed to cap off a short week. Indexes reversed early losses to finish mostly higher on Friday. Sector gains were broad but shallow, with energy stocks lagging as WTI crude oil prices slid 3.3%. Consumer discretionary stocks also … Continue reading →