Author Archives: WelshG

Market Summary Stock market averages finished mixed ahead of Friday's key jobs data. Data released early Thursday was somewhat encouraging after the Labor Department reported that jobless claims decreased by 12,000 to 367,000 last week. Economists were looking for a smaller decline of 4,000 and the good news seemed to hold some sway because it comes [...]

Market Summary Stock market averages fell Monday morning on poor economic data and concerns about the European Debt Crisis, but finished with only modest losses Monday. Data released before the opening bell on Wall Street showed Personal Spending unchanged in December, which was less than the .1 percent increase that economists had expected. Stock index futures [...]

Market Summary Stock market averages finished mixed as corporate earnings news overshadowed worries about the European Debt Crisis. Concerns about Greece's finances sent European equity markets lower Tuesday and the decline overseas set the table for morning weakness on Wall Street. However, a sell-off never materialized and trading had turned mixed into midday. With no economic [...]

Market Summary Stocks finished mixed on a relatively uneventful day of trading on expiation Friday. The economic news was light and included one lone stat on Existing Home Sales, which rose to a better than-expected annual rate of 4.61 million in December, from 4.55 million the month before. Microsoft (MSFT) led the Dow with a 5.7 [...]

Market Summary Earnings were in focus early after Goldman Sachs (GS) reported a quarterly profit of $1.84 per share, which trounced analyst estimates by 62 cents. Revenues were lighter-than-expected, but shares are up 7.2 percent in reaction to the news. Linear Technology (LLTC), CREE, and Taiwan Semi (TSM) are also higher on earnings. However, Bank of New [...]