Author: Beacon Wealth

Tame GDP data keeps a lid on stocks. A lukewarm report on Q3 gross domestic product (GDP) kept equities underwater throughout the session. Sector performance was split, with mergers and acquisitions activity boosting healthcare performance while the utility sector spent … Continue reading →

Stocks sink on Fed policy announcement, recover to end at day’s highs. Indexes caved after the Federal Reserve Bank (Fed) kept rates on hold (as expected), but rallied after the press release indicated a December rate hike was still on … Continue reading →

Stocks end lower after earnings, economic data fail to impress. Solid earnings from Dow members Merck and Pfizer boosted healthcare sector returns, while disappointing results from Ford, UPS, and IBM were among those weighing on the discretionary, industrials, and tech … Continue reading →

Stocks little changed amid data void. With a Federal Open Market Committee (FOMC) policy meeting on the horizon and a lull in the stream of Q3 earnings reports on Monday, investors remained guarded throughout the session, keeping major indexes close … Continue reading →

Two-day rally pushes S&P 500 into positive territory on the year. An unexpected rise in U.S. manufacturing and further rate cuts in China helped sustain Thursday’s momentum, as did Microsoft’s ninth consecutive earnings beat, which lead the technology sector to … Continue reading →

Equities hit two-month highs on economic data, earnings. Dow component McDonalds set the tone for a broad-based rally after earnings trounced expectations. Momentum continued throughout the day on the heels of better than expected housing sales, jobless claims, and regional … Continue reading →

Indexes close lower in choppy session. Strong earnings from GM and Boeing helped buoy the industrials sector, but broad weakness, particularly in healthcare and energy stocks, weighed on markets. WTI crude oil fell for a third straight session, and COMEX … Continue reading →

Equities go nowhere on mixed earnings, housing data. U.S. indexes moved sideways Tuesday as investors contemplated mixed housing construction data and another set of diverse earnings reports. A sell-off in biotech stocks weighed on the healthcare sector, while strong earnings … Continue reading →

Stocks flat ahead of busy earnings week. After trading lower for much of the session, equities managed to eke out gains at the close. Sector performance was mixed, with energy shares sinking amid a sharp drop in WTI crude oil … Continue reading →

Stocks advance for a second day, log third straight weekly gain. A week of mixed economic data and corporate earnings lowered expectations for a near-term rate hike, which gave the bulls room to run. The spotlight was on financial firms, … Continue reading →