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Pence Wealth Management Financial Markets Reports

US FINANCIAL MARKET Stocks Fluctuate at the Open on Ebola Concern as Amazon Reports Loss The S&P 500 Index poised for its best week since 2013. The S&P 500 has risen five times in the past six days, pushing the gauge up 4.7 percent since Oct. 15. Almost 80 percent of S&P 500 companies that […]

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Pence Wealth Management Financial Markets Reports

US FINANCIAL MARKET Stocks Rally at the Open after 3M, Caterpillar Profits Beat Estimates Caterpillar rose its full-year earnings forecast amid higher sales of construction machinery in North America. 3M boosted sales in all of its businesses. AT&T reported weaker-than-expected revenue growth and cut its full-year forecast for consolidated revenue growth. Fewer Americans filed applications […]

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Pence Wealth Management Financial Markets Reports

US FINANCIAL MARKET S&P 500 Fluctuates at the Open as Yahoo Climbs on Sales; Biogen Sinks Four consecutive advances in the S&P 500 have pushed the gauge up 4.2 percent since Oct. 15, recouping half the losses from a selloff that began in mid-September. About 80 percent of S&P 500 companies that have released quarterly […]

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Pence Wealth Management Financial Markets Reports

US FINANCIAL MARKET S&P 500 Climbs for 4th Day on Stimulus Signs, Earnings U.S. stocks rose for a fourth day as investors speculated the ECB will boost economic stimulus. Better-than-expected earnings and consumer confidence at a seven-year high have helped push the S&P 500 to its biggest three-day rally since April. The ECB bought Italian […]

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Pence Wealth Management Financial Markets Reports

US FINANCIAL MARKET U.S. Stocks Fluctuate at the Open as IBM Spurs Dow Retreat IBM tumbled 7.3 percent as it struggles to transform quickly enough to cope with a shift to cloud computing. Canadian Pacific Railway said exploratory talks about a possible merger with CSX have ended and no further conversations are planned. This week, […]

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Pence Wealth Management Financial Markets Reports

US FINANCIAL MARKET U.S. Stocks Rally at the Open on Stimulus Signs as Energy Shares Jump U.S. stocks rallied, trimming this week’s decline, as earnings beat estimates, consumer confidence reached a seven-year high and investors speculated that central banks will add more economic stimulus. The S&P 500 is still down 6.1 % since its record […]

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Pence Wealth Management Financial Markets Reports

US FINANCIAL MARKET U.S. Stocks Pare Loss, Treasuries Erase Gain on Bullard St. Louis Fed President James Bullard said the central bank should consider delaying the end of its bond buying. Earlier, global growth concerns drag Wall Street lower with oil while Treasuries & Dollar advance Stoxx Europe 600 Index fell 1.7 %, sliding an […]

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Pence Wealth Management Financial Markets Reports

US FINANCIAL MARKET U.S. Stocks Drop as at the Open Weakening Economic Data Fuels Selloff Although the Index is still in negative territory, it regained most of its earlier losses at the open U.S. stocks fell as weaker-than-forecast economic data reignited an equity rout and sent the Standard & Poor’s 500 Index to the lowest […]

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Pence Wealth Management Financial Markets Reports

US FINANCIAL MARKET U.S. Stocks Rise at the Open, Ending 3-Day Rout on Better Earnings U.S. stocks were higher on Tuesday after the S&P 500’s worst three-day drop since November 2011 as bullish investors hoped solid earnings would allay global growth concerns. Johnson & Johnson third-quarter results beat estimates and the company raised its full-year […]

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Pence Wealth Management Financial Markets Reports

US FINANCIAL MARKET U.S. Stocks Fluctuate at the Open While Dollar, Oil Drop; Gold Gains The S&P 500 has fallen 5.4 % from its Sept. 18 record as the Fed contemplates when to raise interest rates. Federal Reserve Vice Chairman Stanley Fischer said at the weekend that U.S. rate increases could be delayed by slowing […]

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