Author: Beacon Wealth

Stocks bounce off lows, finish modestly higher. Mixed economic data left markets searching for direction ahead of Friday’s highly anticipated employment report. Sector performance was evenly split with materials leading the gainers while utilities led to the downside. An early … Continue reading →

Indexes post big gains for the day, big losses for the quarter. Yesterday’s rally was the best quarter-end performance in seven years, but stocks still logged their worst quarter since 2011. The consumer discretionary sector led on a day where … Continue reading →

Early momentum fades, stocks finished mixed. The S&P 500 managed to climb into positive territory in the final minutes of trading while the Nasdaq fell short, weighed down by a sell-off in technology and an eighth consecutive decline in biotech … Continue reading →

Stocks hammered as China, drug makers sap investor sentiment. Mixed economic data at home led investors to instead focus on reports of a sharp drop in Chinese industrial firms’ profits last month, which stoked ongoing fears of a global slowdown. … Continue reading →

Yellen bump fails to hold; major indexes finish mixed. U.S. markets climbed early Friday morning following comments by Federal Reserve (Fed) Chair Janet Yellen in a Thursday night speech that a rate hike was likely appropriate by the end of the … Continue reading →

Major indexes bounce off lows but finish with losses. The S&P 500 was down over 1% early on Thursday as global growth concerns, exacerbated by downward guidance from Caterpillar and the ongoing emissions testing scandal at Volkswagen, helped feed the bears, … Continue reading →

U.S. markets slide amid continued uncertainty. Tepid manufacturing data out of the U.S. and China kept investors on edge as another volatile session ended with major indexes in the red. Sector returns were mixed with utilities and technology leading the … Continue reading →

Broad-based selling sinks stocks. With little economic news released yesterday, traders’ maintained focus on China’s growth woes, triggering losses in all 10 sectors. The materials and industrials sectors were among the day’s biggest decliners as commodities bared the brunt of … Continue reading →

Stocks seesaw but finish higher. Strong gains in the financial sector, sparked by hawkish Federal Reserve Bank (Fed) comments over the weekend and early Monday, helped lead major indexes higher, as healthcare–the only sector to finish lower–was weighed down by … Continue reading →

Sell-off continues in the wake of Federal Reserve Bank (Fed) meeting. Major indexes finished lower on Friday as global growth concerns were reignited in the wake of Thursday’s Federal Open Market Committee (FOMC) policy meeting. Risk-off sentiment spurred gains in … Continue reading →