MARKETS TODAY Dec 14 (Vica Partners) – Stocks gave up earlier gains and major indices faded throughout the session upon news that the Fed delivered its highly anticipated 50 basis point rate hike at the conclusion of its December policy meeting. The top performing sectors today were Heath Care, up +0.28% and Consumer Staples +0.21%. … Read more
MARKETS TODAY Dec 13 (Vica Partners) – Stocks rose after CPI reports showed inflation eased in November. All three U.S. indexes, finished in up heading into Wednesday’s Fed policy meeting. Brent and WTI crude oil jumped more 3% as the two day rally was driven by again by energy stocks. The top performing sectors today … Read more
MARKETS TODAY Dec 12 (Vica Partners) – Wall Street rallied Monday ahead of key consumer-price data out tomorrow. Brent and WTI crude oil jumped more 3% today as the rally was driven by energy stocks. The top performing sectors today were Energy, up +1.92% and Information Technology advancing 1.84%. The S&P 500 (^GSPC) gained 1.43%, … Read more
MARKETS TODAY Dec 9 (Vica Partners) – Wall Street ended lower on Friday as investors await next week’s US inflation data for November scheduled on December 13. Other than communication services all other sectors declined. The Dow Jones Industrial Average dropped 305 points. The S&P 500 was down 0.73%, and the Nasdaq down 0.70%. The … Read more
MARKETS TODAY Dec 8 (Vica Partners) – The major stock market indexes were up today following five losing sessions. Investors embraced higher jobless claims data pointing to a slowing labor market. The best performing sectors today were Information Technology and Consumer Discretionary sectors, up 1.49% and 1.36%. Odds for a 50-basis-point hike at the mid-December … Read more
MARKETS TODAY Dec 7 (Vica Partners) – The Dow Jones Industrial Average ended little changed today. The best performing sectors today were Health Care and Real Estate sectors, up 0.67% and 0.26%. The Dow Jones Industrial Average even at 0 points. The S&P 500 declined 0.19%, and the Nasdaq off 0.51%. Key Market Statistics … Read more
MARKETS TODAY Dec 6 (Vica Partners) – The U.S. indexes fell sharply on Tuesday extending weekly losses; as historically high wages and last week’s unexpected U.S. ISM Services PMI data keep pressure on Fed to continue to raise rate. The Dow Jones Industrial Average fell 351 points. The S&P 500 declined 1.44%, and the Nasdaq … Read more
MARKETS TODAY Dec 5 (Vica Partners) – The U.S. indexes all fell Monday following Friday’s stronger-than-expected wages data and today, U.S. services sector activity report is keeping pressure on the Fed to further tighten monetary policy. The Dow Jones Industrial Average fell 483 points. The S&P 500 declined 1.79%, and the Nasdaq declined 1.93%. Key … Read more
MARKETS TODAY Dec 2 (Vica Partners) – The U.S. indexes were mostly flat Friday following the stronger-than-expected growth in jobs and wages data. The probability of a 75-basis point hike at the Fed’s December meeting rose today to 30.1% vs. the 21.8% yesterday, keeping pressure on the Fed to further tighten monetary policy. The Dow … Read more
MARKETS TODAY Dec 1 (Vica Partners) – The U.S. indexes finished Thursday mixed, with the Dow and S&P 500 falling after data showed that consumer spending rose sharply in October and job growth in November remaining strong. Today markets pricing in a 79% chance that the Fed will increase its key benchmark rate by 50 basis … Read more