U.S. stocks rallied as Initial jobless claims fell 26,000 to 323,000 — the lowest level in three months — in the week ended March 1. Economists were looking for jobless claims of 335,000. Which shows jobs are being added to the market.
Stocks extended gains after US made a deal to send aid package Ukraine to ease tensions between Ukraine and Russia.
The Dow Jones Industrial Average was gaining 0.49% to 16,440.23 while theS&P 500 was up 0.31% to 1,879.40. NasDaq reversed its gains after the biotechnology and pharmaceuticals were the biggest losers on the index on Thursday, and closed down 5.85 points, or 0.1%, at 4,352.13.
Gold futures rose 0.8% to settle at $1,351.70 a troy ounce, while crude-oil futures gained 0.1% to settle at $101.56 a barrel. Brent crude Oil rose 0.3 percent, to $108.10 a barrel.
U.S. stocks rallied as Putin assured investors and the public around the world that the Ukraine situation will not escalate. “Stocks rallied today after Putin said he’s not considering taking control of Crimea and would send in troops to Ukraine only in an extreme case.” (Bloomberg)
Positive economic data was released as data showed manufacturing in February increased, which is projecting a possible growth in the economy and the manufacturing sector.
Oil prices also fell as the immediate threat of economic sanctions on Russia, a major oil exporter, eased. Traders had also been worried about transportation disruptions in the Black Sea, a major transit point for oil.
Crude Oil dropped dropped 1.5% to $103.33 a barrel, Brent Oil fell $1.90 to $109.30 a barrel.
Gold for April delivery fell $12.40, or 0.9 percent, to $1,337.90 an ounce on Tuesday.
The Dow Jones Industrial Average closed 1.41% higher at 16,395.76 while the S&P 500 was up 1.53% to a record 1,873.89. The Nasdaq gained 1.75% to 4,351.97.
U.S. stocks decline as rising tension in Ukraine conflict is increasing, which is threatening the global market and causing a lot of uncertainty in the market that there might be war.
Meanwhile, some investors voiced worries about a jump in the prices of commodities tied to Ukraine. Ukraine is a major grain supplier, and U.S. wheat prices rose 6.8%, the biggest gain in more than 20 months, on concerns that supplies would slow.
The Dow Jones industrial average fell 153.68 points or 0.94 percent, to end at 16,168.03. The S&P 500 slid 13.72 points or 0.74 percent, to finish at 1,845.73. The Nasdaq Composite dropped 30.818 points or 0.72 percent, to close at 4,277.301.
Gold prices hit a four-month high as investors sought safe-haven assets, boosting gold stocks.
Brent crude prices rose $2.13 to settle at $111.20 per barrel while U.S. crude prices gained $2.33 to end at $104.92 a barrel.
U.S. stocks rise due to Consumer Confidence rising in February exceeding expectations. Consumer Sentiment Index rose to 81.6 in February from 81.2 in the prior month, beating expectations for a result of 81.3.
January pending homes sales disappointed, edging up 0.1% to 95.0 against expectations for a 2% gain. Poor weather was a factor, according to the National Association of Realtors.
The government on Friday cut its estimate of U.S. growth in the waning months of 2013, mainly because consumers did not spend quite as much as originally reported. The U.S. economy expanded at a 2.4% annual pace in the fourth quarter instead of 3.2% as originally reported.
The huge drop today was because Ukraine accused Russia of sending 2,000 troops to Crimea, which shows growing tension and possibly might hurt the global economy. But before closing U.S. managed to close green.
The Dow Jones Industrial Average increased 0.3% to 16,321.90, while the S&P 500 was 0.28% higher at 1,859.45. The Nasdaq slid 0.25% to 4,308.12.
U.S. stocks climbed today as Federal Reserve Chairwoman Yellen said she supports the current QE monetary policy that is being pumped into the stock market and keeping interests rates low to encourage investing and growth.
Initial jobless claims for the week ended Feb. 22 rose 14,000 to 348,000, according to the Labor Department.
Thursday’s gains were broad, with technology and materials stocks helping drive eight of the S&P 500′s 10 sectors higher.
The Dow Jones Industrial Average was 0.46% higher at 16,272.71 while theS&P 500 was up 0.50% to close at a record high of 1,854.30. The Nasdaq gained 0.63% to finish at 4,318.93.
U.S. stocks ended lower today due to weak economic data, index of consumer confidence fell to 78.1 in February from a revised 79.4 in January.
Stocks extended loss after data showed the housing sector slowing down because house prices began to slowly trend downward. As home values start to decline many investors are claiming the housing boom might be over.
Gold futures rose 0.4% to $1,343 an ounce, a four-month high, while crude-oil futures fell 1% to $101.83 a barrel.
The Dow Jones Industrial Average closed off 0.17% to 16,179.66, while the S&P 500 lost 0.13% to 1,845.12. The Nasdaq dropped 0.13 to 4,287.59.
U.S. stocks rallied Monday as investors expect the European Union to send aid package to Ukraine. This is seen as positive news because the situation at Ukraine is threatening the global market, and a aid package will help ease the situation.
The market hasn’t being doing so well due to weak economic reports, but investors are looking ahead because they blame the harsh weather conditions to slow down consumer spending momentum.
Emerging Markets declines have also bounced back Monday which extended gains in the U.S. market.
Investors wait on Yellen as she will testify before the Senate Banking Committee and talk about the future about the stimulus program.
he S&P rose 11.36 points, or 0.6%, to 1847.61, after rising as high as 1858.71 earlier in the day. The Dow Jones Industrial Average gained 103.84 points, or 0.6%, to 16207.14. The Nasdaq Composite Index advanced 29.56 points, or 0.7%, to 4292.97.
Asians markets rallied as Yellen said she would continue Bernanke’s stimulus program. But she will gradually trim the program as she starts to see the growth in the U.S. economy.
Also U.S. Congress passed a bill which would suspend the country’s limit to borrow, which positively affected the markets because before during budget talks due to disagreement caused the U.S. government to shutdown which weighed down the global markets.
China will release their Trade Data tomorrow which will reflect how their exports are doing, analysts expect it to increase by 0.1%.
European markets rally after Yellen’s speech that she will continue the stimulus program, but it will slow down gradually. Due to the continuation of the program it will allow interest rates to be low which can lead to more borrowing and money in the economy to promote growth.
Retailers were among the best performing stocks in London, following the January sales data reported by the BRC. Retail companies such as Sports Direct International increased by 3.36 percent and Next gained 2.00 percent. Marks & Spencer climbed by 3.25 percent and Kingfisher added 3.20 percent. Which shows consumers are spending which can help stimulate growth.
All three benchmark indexes surged as new U.S Federal Chairwoman Yellen said she thinks that the U.S. economy is strong enough to stand without the $65 Billion stimulus, which brought comfort and confidence to investors. But the stimulus program will soon slowly start trimming down.
Yellen also mentioned that she will not stop the stimulus program all at once, but will gradually slow it down.
Today all sectors increased with energy and health care shares leading the gains among all 10 sectors.
The S&P 500 ended 1.11% higher to 1,819.75. The Dow Jones Industrial Average was up 1.22% to 15,994.77 while the Nasdaq added 1.03% to 4,191.04