Author Archives: WelshG

MyRollingStocks Daily Update

By WelshG | Published: April 10, 2012
Market Summary Stocks finished the way they started Monday. With European markets on break for holiday, much of the focus on Wall Street early in the day was on last week's disappointing jobs report. Although most financial markets were closed in the US for Good Friday, the Labor Department released its March jobs report and the [...]
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MyRollingStocks Daily Update

By WelshG | Published: April 4, 2012
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, [...]
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MyRollingStocks Daily Update

By WelshG | Published: March 30, 2012
Market Summary Trading was cautious early, but market averages staged a late-day rally to finish mixed Thursday. A day of losses across Asia and Europe's equity markets set the stage for weakness on Wall Street after Hong Kong's Hang Seng gave up 1.3 percent and Germany's DAX paced losses across Europe with a 1.8 percent drop. [...]
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MyRollingStocks Daily Update

By WelshG | Published: March 29, 2012
Market Summary Stocks moved broadly lower on disappointing economic news Wednesday. A report released before market hours showed Durable Goods increasing by only 2.2 percent in February. Economists were looking for an increase of 2.8 percent. Weakness in overseas markets was also weighing on early trading. Shanghai's Composite fell 2.7 percent in Asia. Meanwhile, Germany's DAX, [...]
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MyRollingStocks Daily Update

By WelshG | Published: March 27, 2012
Market Summary Stock market averages are broadly higher after Federal Reserve Chairman Ben Bernanke pledged to help the economy. Speaking to National Association of Business Economics Monday morning, the head of the Fed said the US needs to grow at a faster-rate to bring down levels of unemployment. "Further significant improvements in the unemployment rate will [...]
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MyRollingStocks Daily Update

By WelshG | Published: March 24, 2012
Market Summary Stock market averages are holding near session highs heading into the final hour of trading Friday. Action was mixed with little news to guide investors through midday. New Home Sales were down to an annual rate of 313,000 in February. Economists were looking for an increase to 323,000 from 318,000. The market showed little [...]
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MyRollingStocks Daily Update

By WelshG | Published: March 22, 2012
Market Summary Stock market averages remain mixed in the final hour of trading Wednesday. It's been a quiet and slow news day thus far. The economic calendar included Existing Homes Sales, which slipped to an annual rate of 4.59 million in February from 4.63 million the month before. The number was in-line with economist estimates and [...]
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MyRollingStocks Daily Update

By WelshG | Published: March 21, 2012
Market Summary Stock market averages opened lower following losses in overseas equity markets, but the decline was orderly and without much volatility Tuesday. Hong Kong's Hang Seng Index dropped 1.1 percent after some of the Australian miners like BHP indicated that iron ore prices are weakening. The news seems to have stoked concerns that China, the [...]
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MyRollingStocks Daily Update

By WelshG | Published: March 20, 2012
Market Summary Market averages have been rangebound on a light news Monday. The only economic stat released today was the NAHB Homebuilder's Sentiment Index, which was unchanged at 28 for March. Economists were expecting an increase to 31. There was little reaction to the data. Instead, stocks seemed to find some support from news that tech [...]
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MyRollingStocks Daily Update

By WelshG | Published: March 14, 2012
Market Summary Stock market averages moved higher with help from Retail Sales data early and the gains were extended after the FOMC released its latest post-meeting policy statement Tuesday afternoon. Data released early showed retail sales increasing 1.1 percent in February, which was .1 percent better-than-expected. Stock index futures had already ticked higher ahead of the [...]
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