Author: Beacon Wealth

Stocks regroup after rocky start to finish near flat. Traders’ initial reactions to yesterday’s barrage of earnings and economic reports weighed on sentiment in early trading, but energy stocks lifted equities after tensions between Turkey and Russia over the downing … Continue reading →

Stocks fall modestly to start short week. Indexes failed to climb back into positive territory after surrendering early gains on Monday. Disappointing housing and manufacturing data, dollar strength, and elevated expectations for a U.S. rate hike in December combined to … Continue reading →

Stocks cap off a strong week with more gains. Despite closing well off the day’s highs, indexes managed to add to the week’s totals. The consumer discretionary sector, which got a boost from retailers, led to the upside on the … Continue reading →

Stocks tread water after yesterday’s rally. Indexes teetered in and out of positive territory Thursday before ending the session modestly lower. Seven of 10 sectors advanced, but steep drops in healthcare and energy offset modest gains in other areas. Dollar … Continue reading →

Rate hike clarity spurs rally; dollar weakness buoys commodities. Stocks rose more than 1% on Wednesday after minutes from the Federal Reserve Bank’s (Fed) October meeting helped to pacify investors’ rate hike anxiety, though it put a December move firmly … Continue reading →

Indexes little changed after morning gains surrendered. Stocks seesawed on Tuesday as traders digested mixed economic data, ultimately closing flat. Declining sectors outnumbered advancers, with utilities falling to the bottom of the list after industrial production data showed a large … Continue reading →

Afternoon breakout ends with impressive gains. After choppy trading throughout the morning, stocks gained traction mid-session and never looked back. Despite little in the way of earnings or economic data, all 10 sectors ended the day up more than 1%, … Continue reading →

Stocks close near lows for second day, snap six-week win streak. Disappointing retail sales data capped off a week of mixed earnings from retailers, driving consumer discretionary stocks down 2.6% on Friday, -4.6% for the week. The decline was second … Continue reading →

Tough day on Wall Street leaves indexes near session lows. Stocks opened in the red and marched steadily lower throughout the day, pushing the S&P 500 back into negative territory for the year. The bulls had little to go on … Continue reading →

Retail reversal, oil patch drag on stocks. After giving equities a boost on Tuesday, retail stocks weighed on indexes yesterday following disappointing earnings from Macy’s. Energy was the worst performing sector, however, as M&A hopes for the group fizzled and … Continue reading →