Category: Overnight reports

Stocks end higher on upbeat data

Stocks ended higher as investors bought financial shares on the back of better than expected data after jobless claims fell more than expected and the trade deficit narrowed sharply.

DJIA +28.23pts (0.27%) at 10415.24

S&P +5.31pts (0.48%) at 1104.18

Nasdaq +7.33pts (0.33%) at 2236.20

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Stocks rebound from previous day’s losses

Stocks recovered some of the previous session’s lossess, however, volume remains low, indicating that the market remains unsure of its direction, with many players prefering to stay out.

DJIA +46.32pts (0.45%) at 10387.01

S&P +7.03pts (0.64%) at 1098.87

Nasdaq +19.98pts (0.90%) at 2228.87

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Stocks fall amid European banks worries

Investors took profit on recent gains amid renewed worries over European banks’ financial health after Wall Street Journal reported that major European lenders understated holdings in risky government debts. Volume was once again low as investors choose to stay sidelines in the uncertainty.

DJIA -107.24pts (1.03%) at 10340.69

S&P -12.67pts (1.15%) at 1091.84

Nasdaq -24.86pts (1.11%) at 2208.89

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Markets closed last night for US Labour Day


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Stocks rally on strong job data

Stocks rallied after job data for August fell less than expected, reviving investors’ confidence about the economic recovery. Although payrolls fell for a 3rd straight month, the loss of 54,000 jobs was lesser than the expected 100,000.

DJIA +127.83pts (1.24%) at 10447.93

S&P +14.41pts (1.32%) at 1104.51

Nasdaq +33.74pts (1.53%) at 2233.75

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Stocks extend gains on strong data

Stocks extended their gains on strong economic data, with pending home sales rising unexpectedly and a fall in jobless claims. Volume, however, continued to be low as market awaits the payrolls figures for August tonight.

DJIA +50.63pts (0.49%) at 10320.10

S&P +9.81pts (0.91%) at 1090.10

Nasdaq +23.17pts (1.06%) at 2200.01

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Stocks rally on strong data

Stocks had their best day in 8 weeks after better than expected factory data boost investors’ confidence. Stocks extended their gains on the back of a rally in global equities after the Institute for Supply Management showed US factory activity grew stronger than expected.

DJIA +254.75pts (2.54%) at 10269.47

S&P +30.96pts (2.95%) at 1080.29

Nasdaq +62.81pts (2.97%) at 2176.84

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Stocks end little changed

Stocks ended the last day of the month little changed amid choppy trading conditions.

DJIA +4.99pts (0.05%) at 10014.72

S&P +0.41pts (0.04%) at 1049.33

Nasdaq -5.94pts (0.28%) at 2114.03

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Stocks fell as economic worries persist

Stocks fell, giving back gains from Friday on persistant worries about the slowing pace of the economic recovery. Trading volume was the lowest this year as most investors stayed sidelines.

DJIA -140.92pts (1.39%) at 10009.73

S&P -15.67pts (1.47%) at 1048.92

Nasdaq -33.66pts (1.56%) at 2119.97

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Stocks rose on shortcovering

Stocks rose on friday on shortcovering ahead of the weekend. Investors bought back into the market after Fed Chairman Ben Bernanke said the US economic recovery had weakened more than expected but the Fed is ready to take further steps to spur the recovery.

DJIA +164.84pts (1.65%) at 10150.65

S&P +17.37pts (1.66%) at 1064.59

Nasdaq +34.94pts (1.65%) at 2153.63

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Stocks end lower on economic worries

Stocks closed lower, with the Dow Jones falling below 10,000 for the first time since July 6, amid jitters over tonight’s GDP figure. Fed chairman Ben Bernanke is also expected to give a speech tonight as central bankers around the world gather at Jackson Hole, Wyoming for their annual meeting.

DJIA -74.25pts (0.74%) at 9985.81

S&P -8.11pts (0.77%) at 1047.22

Nasdaq -22.85pts (1.07%) at 2118.69

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Stocks snap 4-day losing streak on bargain hunting

Stocks rebounded as investors picked up beaten down shares in late trading. Markets were initally lower after weak homes sales and durable orders data.

DJIA +19.61pts (0.20%) at 10060.06

S&P +3.46pts (0.33%) at 1055.33

Nasdaq +17.78pts (0.84%) at 2141.54

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Stocks fell on weak home sales data

Stocks fell, with the Dow Jones ending very close to its 10,000 support level after existing home sales data shocked investors. Sales of previously owned homes plunged a record 27.2%, renewing fears of a slowing economic recovery.

DJIA -133.96pts (1.32%) at 10040.45

S&P -15.49pts (1.45%) at 1051.87

Nasdaq -35.87pts (1.66%) at 2123.76

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Stocks fall in thin volume

Stocks fell on thin volume as investors continued to be cautious about the economic recovery.

DJIA -39.21pts (0.38%) at 10174.41

S&P -4.33pts (0.40%) at 1067.36

Nasdaq -20.13pts (0.92%) at 2159.63

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Stocks slip, down for the 2nd week

Stocks ended lower, down for a 2nd week on persistant concerns about the slowing pace of the economic recovery.

DJIA -57.59pts (0.56%) at 10213.62

S&P -3.94pts (0.37%) at 1071.69

Nasdaq +0.81pts (0.04%) at 2179.76

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Stocks fell on economic worries

Stocks fell after economic data showed that the economic recovery might have stalled - jobless claims rose to a 9-mth high while Philadelphia factory activity contracted for the first time in more than a year.

DJIA -144.33pts (1.39%) at 10271.21

S&P -18.53pts (1.69%) at 1075.63

Nasdaq -36.75pts (1.66%) at 2178.95

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Stocks made small gains on Target outlook

Stocks made small gains mainly on buying into consumer shares after a positive outlook from discount store Target Corp.

DJIA +9.69pts (0.09%) at 10415.54

S&P +1.62pts (0.15%) at 1094.16

Nasdaq +6.26pts (0.28%) at 2215.70

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Stocks rally on earnings and takeover bid

Stocks rebounded from days of selling after better than expected earnings from Wal-Mart and Home Depot. The agriculture sector got a boost after BHP Billiton Ltd made an unsolicited $39b takeover bid for Potash Corp of Saskatchewan Inc, the world’s largest fertilizer maker. However, the bid was rejected.

DJIA +103.84pts (1.01%) at 10405.85

S&P +13.16pts (1.22%) at 1092.54

Nasdaq +27.57pts (1.26%) at 2209.44

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Stocks end flat in thin trade

Stocks ended flat in thin volume. Despite several days of selloff, investors found little incentive to return to the market and chose to remain sidelines for further directions.

DJIA -1.14pts (0.01%) at 10302.01

S&P +0.13pts (0.01%) at 1079.38

Nasdaq +8.39pts (0.39%) at 2181.87

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Stocks ended the week with 4th day of losses

Stocks fell for a 4th session on friday despite better consumer sentiment and retail sales data as investors turned cautious about the economic recovery.

DJIA -16.80pts (0.16%) at 10303.15

S&P -4.36pts (0.40%) at 1079.25

Nasdaq -16.79pts (0.77%) at 2173.48

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