Author: Beacon Wealth

Markets decline on lower WTI crude oil despite dovish tilt of FOMC minutes. While 8 of 10 sectors declined, utilities managed to post a modest gain helped by the dovish tone of the minutes of the Federal Reserve Bank’s (Fed) … Continue reading →

Markets head lower on China weakness despite housing data. Chinese markets added pressure to global stocks and commodities Tuesday after the Shanghai Composite dropped more than 6%, despite U.S. housing starts rising to the highest level since 2007. Among sectors, … Continue reading →

Regional manufacturing data spook the market early but macroeconomic backdrop helps drive gains. The market sold off at the open on Monday after a weak report on New York regional manufacturing, but solid housing data and some positive signals from … Continue reading →

Major indexes climb to end week. Stabilization in China’s exchange rate and an upside surprise in U.S. industrial production helped lift stocks on Friday. Nine out of 10 equity sectors rose, led by utilities and financials, while energy was the … Continue reading →

Stocks flat on falling oil. U.S. markets ended the day little-changed after reversing course in the final hour of trading, while European markets posted a slight increase (+0.5%). Seven of the 10 sectors moved lower, with energy (-1.3%) the worst … Continue reading →

Stocks end volatile session slightly higher. U.S. stocks edged slightly higher yesterday, with the S&P 500 rallying more than 1% off intraday lows, following a lower open after another move from China to devalue its currency. While U.S. markets recovered … Continue reading →

Markets move lower on China fears. U.S. stocks closed lower Tuesday as market participants considered the effects of China’s surprise devaluation of its currency after weaker than expected trade numbers. Seven of the 10 equity sectors moved lower, with materials … Continue reading →

Stocks higher on international optimism. U.S. markets moved higher Monday, following the tone of world markets after disappointing trade data out of China actually spurred a nearly 5% rally in the Shanghai Composite on hopes of additional government stimulus. Europe … Continue reading →

Stocks end week lower. The S&P 500 closed 0.3% lower on Friday, and registered a 1.2% loss for the week, after the market took an in-line jobs report as further evidence that the Federal Reserve Bank (Fed) may be getting … Continue reading →

Stocks pull back ahead of jobs reports. Media stocks were a key driver in Thursday’s retreat as the impact of changing technology and consumer “cord cutting” continued to show up in earnings reports. Some repositioning ahead of Friday’s jobs report … Continue reading →