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Pence Wealth Management Financial Markets Reports

US FINANCIAL MARKET S&P 500 Climbs to Record at the Open as Europe, China Fuel Optimism Central banks in China and Europe signaled additional stimulus measures. Global equities extended gains after China cut its benchmark interest rates for the first time since July 2012. ECB President Mario Draghi said he will do what is necessary […]

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Pence Wealth Management Financial Markets Reports

US FINANCIAL MARKET S&P 500 Erase Losses on Data at the Open as Retailers Rally U.S. stocks erased losses as sales of existing homes unexpectedly rose and retailers rallied on better-than-forecast earnings, overshadowing weaker manufacturing in the euro area and China. Other data showed fewer Americans filed for unemployment benefits last week. A gauge of U.S. […]

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Pence Wealth Management Financial Markets Reports

US FINANCIAL MARKET Wall Street opens slightly lower ahead of Fed minutes The Fed is due to release minutes from its Oct. 28-29 meeting at 2 p.m. in Washington. Data today showed groundbreakings for single-family homes, condominiums and apartments fell 2.8 percent last month from September. Permits for future projects rose to the highest level […]

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Pence Wealth Management Financial Markets Reports

US FINANCIAL MARKET S&P 500 Rises at the Open to Record as Health-Care, Small-Caps Climb The S&P 500 has rallied to records as better-than-expected earnings and economic data have increased confidence that the U.S. economy is able to weather a global slowdown even as the Federal Reserve winds down its stimulus program. Wholesale prices (PPI) […]

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Pence Wealth Management Financial Markets Reports

US FINANCIAL MARKET Wall Street opens lower as Japan falls into recession Oil retreated while the yen strengthened against most of its peers after Japan unexpectedly slid into a recession. West Texas Intermediate (WTI) dropped 1 percent to $75.05 in New York. Baker Hughes rallied 10 percent, while Allergan jumped 6.7 percent amid deals news. […]

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Pence Wealth Management Financial Markets Reports

US FINANCIAL MARKET U.S. Stocks Fluctuate at the Open near Records as Retail Sales Gain American consumers ate out and shopped for clothes, enjoying a windfall from cheaper gasoline. Retail sales in October increased 0.3 percent after a 0.3 percent drop in September. Consumer sentiment increased to 89.4 this month from 86.9 last month. U.S. […]

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Pence Wealth Management Financial Markets Reports

US FINANCIAL MARKET U.S. Stocks Rise at the Open to Records amid Deals, Retail Earnings   U.S. stocks rose, with benchmark indexes climbing to records, amid corporate deals and as better-than-estimated results from Wal-Mart led retailers higher. The S&P 500 is up 10.3 percent for the year so far. DreamWorks Animation soared 16 percent after […]

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Pence Wealth Management Financial Markets Reports

US FINANCIAL MARKET U.S. Stocks Open Low from Record on European Slowdown Concern The S&P 500 had gained for five straight sessions. Concerns that European struggles may weigh on the U.S. economy were stoked today after Bank of England Governor Mark Carney unveiled lower U.K. growth and inflation forecasts. Investors are also watching developments in […]

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Pence Wealth Management Financial Markets Reports

US FINANCIAL MARKET U.S. Stocks Fluctuate at the Open with S&P 500, Dow Average at Record U.S. stocks were little changed. Investors weighed corporate earnings and equity valuations after benchmarks closed at a fourth straight record. Of 448 companies in the S&P 500 to report earnings, 74.6 percent beat expectations, above the 63 percent beat […]

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Pence Wealth Management Financial Markets Reports

US FINANCIAL MARKET U.S. stocks fluctuated at the Open Toll Brothers climbed 3.1 percent after saying it expects to report sales that beat analysts’ estimates. Time Warner Cable and Comcast dropped at least 3.6 percent after President Barack Obama called for rules protecting an open Internet. U.S. Gasoline Falls to $2.9421/Gallon in Lundberg Survey The […]

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