The Silver Ink

Friday, March 5, 2021
Log in
  • United States & World
  • Techie
  • Business & Company News
  • Discovery
  • Lifestyle

Pages

  • About The Silver Ink
  • Advertising
  • Contact US
  • Investor Relations
  • Our Team
  • Privacy Policy GDPR
  • Sec Disclosure
  • Terms of Use

Recent Posts

  • David The Puzzle Man Butler Uses His Newfound Hobby to Help Community June 29, 2018
  • Diamond Thief Arrested in Chicago Days After Stealing $133,000 Worth of Precious Stones June 29, 2018
  • Colorado Goth Metal Band Founder Stabs Homeless Person to Death in Back Alley June 28, 2018
  • Irate South Carolina Woman Cusses Out Black Teens at Pool, Assaults Sheriff’s Deputy June 27, 2018
  • Georgia Couple Arrested For Keeping Mentally Challenged Daughter Locked Inside Room for Months June 27, 2018
  • Washington Man Paralyzed After Run-in With Gun-Toting Carjacker June 26, 2018
  • Autistic Boy Admitted to Emergency Room After Being Impaled By A Plank of Wood June 25, 2018

US stocks edges up, led by energy shares

April 14, 2015 By Carrie Davis Leave a Comment

us_traders_2012_6_18

The S&P 500 and Dow Jones industrial average moved higher on Tuesday, backed by the energy stocks and reports of March-quarter earnings that topped the modest expectations of the economists but did minimal to lower the concerns about the strong US dollar.

Shares of Chevron, Exxon Mobil and other energy firms followed crude higher after a forecast that May’s US shale oil output would record its first monthly fall in over four years. The S&P 500 energy index surged 1.95 percent.

Johnson & Johnson slashed its full-year forecast on the grounds of the impact of a strong greenback, even though the adjusted earnings topped the expectations. The shares of the Dow component gained 0.29 percent.

Tim Ghriskey, chief investment officer at New York-based Solaris Group, said, “Expectations are low, primarily because of economic weakness during the first quarter related to weather, the strong dollar, the West Coast dock strike and oil prices.”

At 1:02 pm, the S&P 500 edged up 3.42 points, or 0.16 percent, to 2,095.85 and the Dow Jones industrial average surged 78.46 points, or 0.44 percent, to 18,055.5. The Nasdaq Composite declined 15.63 points, or 0.31 percent, to 4,972.62.

The shares of Chevron jumped 1.97 percent, while Exxon’s shares increased 2.22 percent.

The shares of Alcatel increased 12.18 percent to USD 4.88, while the US shares of Nokia dropped 4.21 percent to USD 7.95.

On the NYSE, the advancing issues outnumbered the declining ones by 1,842 to 1,099, for a 1.68-to-1 ratio. 1,404 issues dropped and 1,211 advanced, for a 1.16-to-1 ratio favoring decliners on the Nasdaq.

The S&P 500 was recording three new 52-week highs and no new lows. On the other hand, the Nasdaq Composite was posting 57 new highs and 22 new lows.

Filed Under: Business & Company, Capital Markets Tagged With: Chevron shares, Dow Jones industrial average, Exxon Mobil shares, Nasdaq, S&P 500, Tim Ghriskey, US dollar, US stocks, Wall Street stocks

US stocks close lower as first-quarter earnings concern deepen

April 13, 2015 By Stephen Kenwright Leave a Comment

Wall-Street-Exposed

The stocks at the Wall Street declined on Monday amid rising fears of poor US first-quarter earnings due to the strong dollar and lower prices of crude oil.

Nine out of the 10 S&P 500 sectors dropped, led by a 1.1 percent drop in S&P industrials. General Electric shares declined 3.1 percent to USD 27.63 after rallying on Friday, when the company said that it has the potential to return over USD 90 billion to the investors by 2018. 3M Co shares fell 0.7 percent at USD 165.84.

The greenback was last up 0.1 percent compared to a basket of major currencies after hitting a 99.99 peak. This was the highest level recorded in four weeks period. A stronger dollar tends to hurt the profits for the American multinationals. The crude oil in the United States edged higher but significant losses since last year have weighed on the results of the energy companies.

John Carey, portfolio manager at Boston-based Pioneer Investment Management, said, “We’re all waiting on earnings, which are going to be coming fast and furious as we move through the week. I think there is some trepidation about what the earnings announcements are going to look like and so investors are cautious.”

According to Carey, most people are hoping for weak earnings due to the strong greenback, reduced crude oil prices and sluggish consumer spending in the country due to the harsh winters.

The S&P 500 fell 0.46 percent, or 9.63 points, to 2,092.43, the Dow Jones industrial average dropped 0.45 percent, or 80.61 points, to 17,977.04. The Nasdaq Composite tumbled 0.15 percent, or 7.73 points, to 4,988.25.

The Nasdaq traded briefly above 5,000, coming within 110 points of its life-time intraday high.

The Nasdaq Composite posted 104 new highs and 24 new lows, while the S&P 500 recorded 24 new 52-week highs and no new lows.

Nearly 5.4 billion shares changed hands at the American stock exchanges, below the daily average of 6 billion for the last five sessions, as per BATS Global Markets.

Filed Under: Business & Company, Capital Markets Tagged With: crude oil price, Dow Jones industrial average, General Electric shares, Nasdaq Composite, S&P, S&P 500, US dollar, US stocks, Wall Street stocks

Wall Street stocks surge as energy shares gain

March 23, 2015 By Stephen Kenwright

Stock-Trading

The stocks at the Wall Street on Monday edged higher after receiving strong gains in major indexes the previous week.

Meanwhile, the investors analysed that the gyrations in the US dollar as well as prices of crude oil may pose threat to their equities.

The stocks of energy sector emerged as the largest gainers as crude prices traded higher as the US dollar weakened further.

The action in the greenback has very closely impacted the stocks of late as traders keenly focused on the Federal Reserve Bank and its much-expected and awaited monetary policy tightening measure sometime later this year.

The 20-day correlation between the S&P 500 and the dollar index stood at -0.79. The dollar index fell 0.7 percent on the day.

Rick Meckler, president of LibertyView Capital Management in Jersey City, New Jersey, said, “The market has been in a back-and-forth motion for the last couple of weeks, caught between the potential for rising interest rates and its impact on the dollar and the feeling by investors that the economy is gaining some strength.”

At 9:56 am EDT (1356 GMT), the S&P 500 added 2.93 points, or 0.14 percent, to 2,111.03 and the Dow Jones industrial average surged 45.61 points, or 0.25 percent, to 18,173.26. On the other hand, the Nasdaq Composite tumbled 10.19 points, or 0.2 percent, to 5,016.23.

Dropping for the first time in nine sessions, the Nasdaq Biotech index was down 2.5 percent after running up about 20 percent from its low recorded in February.

On the NYSE, the advancing issues outnumbered declining ones by 1,839 to 958, for a 1.92-to-1 ratio. 1,234 issues dropped, while 1,168 advanced for a 1.06-to-1 ratio supporting decliners on the Nasdaq.

The Nasdaq Composite was posting 67 new highs and 12 new lows, the S&P 500 was recording 41 new 52-week highs and one new low.

 

Filed Under: Business & Company, Capital Markets Tagged With: crude price, energy shares, US dollar, US stocks, Wall Street stocks

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 24 other subscribers

first humans who arrived in North America

First Humans Arrived In North America 10000 Years Earlier

January 17, 2017 By Dave Smith Leave a Comment

gold coin

Rare Gold Coin Found In a Toy Pirate Treasure

October 27, 2016 By Kyle Mills Leave a Comment

clothing material

Air conditioning could be replaced with clothing material that keeps you cool

September 2, 2016 By Carrie Davis Leave a Comment

proxima centauri star

Scientific Breakthrough – Habitable Planet near Proxima Centauri

August 27, 2016 By Dave Smith Leave a Comment

USS independence

Deep Sea Exploration Of World War II Vessel

August 23, 2016 By Dave Smith Leave a Comment

statue of Zeus

Ancient Zeus Sacrifice Skeleton Found In Greece

August 12, 2016 By Dave Smith Leave a Comment

white robot

Robot Exoskeleton Could Improve Life Of The Disabled

August 11, 2016 By Dave Smith Leave a Comment

Bird Fossil Holds Answers to Life After Dinosaurs

October 30, 2015 By Dave Smith Leave a Comment

Polar Bears Are Slowly Dying Due to Climate Change

September 17, 2015 By Stephanie James Leave a Comment

Study Shows Birds Also Fall in Love

September 15, 2015 By Jeff Suchon Leave a Comment

Man-made Climate Change Produces the Highest Temperatures Ever

September 14, 2015 By Dave Smith Leave a Comment

Researchers Discover Why Sweetgrass Is An Efficient Insect Repellent

August 19, 2015 By Jeff Suchon Leave a Comment

The Drinkable Book Could Be The Easiest Way To Clean Water

August 18, 2015 By Jeff Suchon Leave a Comment

Study Reveals Venomous Frogs Are More Dangerous Than Pit Vipers

August 8, 2015 By Kyle Mills Leave a Comment

Categories

  • Automotive & Aviation Industry
  • Business & Company
  • Capital Markets
  • Discovery
  • entertainment
  • Health
  • IT & Diversified Sector
  • Lifestyle
  • Nature
  • Science
  • Techie
  • Uncategorized
  • United States & World
  • World

Copyright © 2021 thesilverink.com

About · Privacy Policy · Terms of Use · Contact

This website uses cookies to ensure you get the best experience on our website. Learn more.