Author: Beacon Wealth

Volatility spikes after Fed leaves rates unchanged. Equities went on a roller coaster ride after the Federal Reserve (Fed) announced a further delay in rate hikes, citing uncertainty abroad and weak inflation. After an initial sell-off following the announcement, stocks … Continue reading →

Stock rally continues as interest rate decision looms. U.S. equities posted impressive gains for a second consecutive day ahead of the Federal Open Market Committee’s (FOMC) rate decision. An unexpected drop in consumer inflation weighed on the dollar, which, combined … Continue reading →

Healthy consumer spending carries over to equities. Strong retail sales data helped spur a buying spree on Wall Street, lifting U.S. indexes more than 1%. However, gains came amid continued light volume as some investors remain on the sidelines ahead … Continue reading →

Equities quickly fell underwater and failed to climb back above the surface. In a day of light trading, losses were widespread but generally shallow. Nine of 10 sectors declined, led by materials, as ongoing concerns about the health of China’s … Continue reading →

Stocks gain ground in another week of choppy trading.  All three major indexes finished in positive territory and also logged gains for the week. Utilities topped the sector list on Friday, but technology was the week’s top performer. Energy was the … Continue reading →

Late-day buying keeps equities in positive territory. Another afternoon sell-off was reversed when the bulls stepped up in the final 20 minutes of trading. In the end, 9 of 10 sectors finished higher, led by technology, while utilities finished lower. … Continue reading →

Economic data, oil, sink stocks after a promising start. Equities failed to hold early gains after Labor Department data showed a spike in job openings, interpreted by some as further evidence of a strengthening economy ahead of next week’s Federal … Continue reading →

Stocks surge as the bulls charge. Gains were broad based with advancing issues outnumbering decliners by more than 3-to-1, and 9 of 10 sectors posted gains of more than 2%; energy (+1.5%) was the laggard as WTI crude oil fell modestly. … Continue reading →

Stocks sell off heading into the long weekend. Major U.S. indexes fell more than 1% on Friday after the nonfarm payrolls (jobs) report, the last tier-one economic report before the Federal Open Market Committee (FOMC) meets later this month, failed … Continue reading →

ECB helps lift Europe, but U.S. impact muted as markets anticipate jobs report. European Central Bank (ECB) President Mario Draghi’s comments about the capacity to extend or expand its quantitative easing program (QE) lifted European shares Thursday and helped push … Continue reading →