Author Archives: WelshG

Market Summary Stock market averages finished higher with help from earnings Wednesday. Boeing (BA) shares jumped 5.3 percent and led the Dow Jones Industrial Average after the company's earnings topped forecasts. Apple Computer (AAPL) shares rallied $49.72 to $610 and helped the NASDAQ after the company's earnings blew past Street estimates. On the economic front, a [...]

Market Summary Stock market averages fell on a heavy news day. On the economic front, a report released early showed Jobless Claims declining by 2,000 to 386K last week. Economists were expecting to see a decline larger decline to 375K from 388K. Later, a report on Existing Home Sales was down to an annual rate of [...]

Market Summary Economic data was in focus early Monday after a report showed Retail Sales increasing by 8 percent during the month of March. Economists were expecting a smaller increase of .3 percent. However, a separate report showed regional manufacturing in the Northeast improving less than expected in April. The NY Empire State Index fell to [...]

Market Summary The Dow Jones Industrial Average snapped a five-day losing streak with help from Alcoa Wednesday. Shares of the aluminum-maker jumped 6.2 percent after the company reported better-than-expected earnings Tuesday afternoon. The economic calendar was light and included the Fed's latest Beige Book, which offers a qualitative assessment of the economy. The report noted moderate [...]

Market Summary Stock market averages were lower throughout most of the session, but the losses were pared in the final hour of trading Tuesday. Weakness in Europe's equity market set the table for cautious trading on Wall Street after France's CAC 40 index gave up 1.6 percent and Germany's DAX dipped 1.1 percent. In the US, [...]