Author: Beacon Wealth

Stocks rebound as bargain hunters step in. Traders added to positions on weakened sentiment Wednesday following two days of losses. All 10 equity sectors finished higher, with the cyclical, technology, industrial, and consumer discretionary sectors topping the leaderboard. WTI crude … Continue reading →

Bumpy ride extends into September as China growth concerns return. Major indexes fell sharply to start the new month, with the S&P 500 falling back into correction territory (a decline of more than 10%), after China’s official Purchasing Managers’ Index … Continue reading →

Fitting end to volatile August as major indexes decline. Stocks fell to open the week Monday with no ready catalyst to explain the move, although trader caution following three days of gains likely played a role. Market malaise did not … Continue reading →

Major indexes finish mixed; S&P 500 up 0.9% for week. The S&P 500 traded just below flat for most of the day Friday before pushing into positive territory near the close to finish off a second tumultuous week. The Nasdaq … Continue reading →

Stocks up big for a second straight day. After a midday sell-off, U.S. equities rallied into the close to finish up more than 2%. Energy led the charge (+4.9%) on the heels of a 10% rally in WTI crude oil. … Continue reading →

Stocks bounce back on strong data combined with Fed caution. Stocks roared back yesterday after strong durable goods data indicated the impact of China on the U.S. economy has been muted, while a tone of caution from New York Federal … Continue reading →

Early U.S. rally following Chinese monetary stimulus fades in afternoon. U.S. stocks followed global markets higher early on Tuesday after China lowered interest rates and reserve requirements, but major indexes were all in negative territory by close. There was no … Continue reading →

Wall Street’s word of the day: volatility. A lack of meaningful economic data on which to focus, domestic or foreign, left markets searching for direction. While the prior two sessions were characterized by steady declines, yesterday’s action was anything but … Continue reading →

Another volatile day sends markets tumbling. Domestic equities couldn’t escape the global selloff as all three major U.S. indexes were off more than 3% on Friday. While all 10 sectors were lower, five were down by at least 3%, and … Continue reading →

Stocks post largest single day decline of the year. Economic reports that showed signs of continued strength in the U.S. housing market and an uptick in regional manufacturing did little to take investors’ attention away from China as continued signs … Continue reading →