Author: Beacon Wealth

Macro focus drives stock rally. Major indexes hit two-month highs after jobless claims fell unexpectedly, core inflation ticked up, and regional manufacturing came in better than expected. Eight of 10 sectors gained more than 1%, with financials and healthcare surging … Continue reading →

Stocks end lower after earnings, economic data fail to impress. Mixed corporate earnings results, ho-hum retail sales figures, declining producer prices, and tepid U.S. economic growth weighed down by dollar strength–according to the Federal Reserve Bank’s (Fed) Beige Book–made for … Continue reading →

Stocks surrender morning gains to finish lower. U.S. equities faced steady selling pressure throughout the afternoon as nervousness about Q3 earnings, coupled with China’s ongoing growth concerns, sapped investor sentiment. All 10 sectors were down, with healthcare leading way on … Continue reading →

Equities little changed amid light trading. A lull in economic data and Q3 earnings reports, along with domestic bond markets being closed for Columbus Day, made for a relatively lackluster session, though major indexes posted modest gains. Commodity weakness, including … Continue reading →

Modest gains cap off strong week for equities. An afternoon sell-off reversed course in the final hour of trading en route to stocks’ biggest weekly gains of the year. Sector performance was split with technology leading to the upside; energy … Continue reading →

Dovish Fed minutes spur afternoon buying. Details of September’s Federal Open Market Committee (FOMC) meeting reassured traders of the Federal Reserve’s (Fed) willingness to hold off on interest rate hikes, prompting a reversal of stocks’ early losses. The energy sector shined … Continue reading →

Stocks volatile but post solid gains. Equities surrendered early gains after a surprise increase in WTI crude oil inventories sparked a sell-off in commodities, but indexes managed to recoup most of the losses. In the end, energy and materials were … Continue reading →

Markets settle after recent run. Major indexes finished mixed after climbing more than 3% over the past two sessions. Gains in energy stocks, spurred by a 6% spike in WTI crude oil, were not enough to offset weakness in the … Continue reading →

Stocks jump on weak economic data. In a “bad news is good news” situation, weaker than expected service sector data fueled investor speculation that the first U.S. interest rate hike in more than nine years would not come until at … Continue reading →

Stocks up big despite disappointing jobs report. In the largest intraday rebound since 2011, major indexes finished the day, and the week, up more than 1% after starting the session down more than 1.5%. While the employment figures came in … Continue reading →