The S&P 500 rallied 1.2 percent to 1795.10, the biggest jump in a month. The emerging markets exchange-traded fund jumped 1.4 percent and European stocks climbed. The rally in American equities erased losses for the week after data showed US Economy expanded at a 3.2 percent pace in the fourth quarter as spending climbed the […]
Weekly Information Center Market Insight Economic indicators continue to progress as the Bureau of Labor Statistics reports an improvement in the economy’s unemployment rate to 7.0%, down from a previous reading of 7.3%. Among the continuing economic development of the nation, initial claims has seen a steady decrease from previous quarters, declining to 298k, from […]
Weekly Information Center Market Insight Federal Reserve officials began discussion on ways to exit or slow down the asset purchase program in 2014, leading the markets to gain short-term ground following the release of the FOMC meeting minutes. Despite the potential scale back of the quantitative easing program, the Federal Reserve emphasized that it will […]
Weekly Information Center Market Insight The Dow Jones Industrial Average and the S&P 500 hit new highs on Friday, marking a sixth consecutive week of gains ending on 15,961.70 and 1,798.18 respectively. Furthermore, the S&P 500 Information Technology sector has shown robust growth, with returns of 48.33% year-to-date and 54.27% year-over-year. Additionally, the strong […]
Weekly Information Center Market Insight The market has shown continuing underlying economic fundamentals, with the Bureau of Labor Statistics reporting an increase in private payrolls of 204,000 from a previous 150,000. The private employment sector signals to a bettering labor market, which coupled with a .3% advance in Q3 GDP to 2.8%, could provide further […]
Weekly Information Center Market Insight Markets rallied sharply following the deal to reopen the government and extend the debt-ceiling, leading the S&P 500 to set a new all-time high. The 16-day shutdown; however, has delayed the release of several economic indicators, which will be reported in the coming weeks. Nevertheless, current data suggests that the […]
Market Insight Corporate profits reach all-time nominal high in Q2 increasing to a 12.53% of GDP output from a 12.22% in the previous quarter. In addition, with the close of Q3 last week, performance of the Fortune 500 points to yet another strong quarter for large cap equities. However, despite the record-setting profits, the government […]
Equity Spotlight: Apple (NASDAQ: AAPL) Apple’s continuous stock price depreciation has shareholder’s contemplating about where the stock price could “bottom out.” An onslaught of fundamental data coming from suppliers and consumers signal that further downward pressure could appear for the equity. Apple issued 2013 fiscal 3Q gross margin guidance of 36% to 37% below its […]
Gold Market: Losing Shine? After falling below $1,521 an ounce, gold prices have officially entered a bear market. Three historical price ranges are in focus. The range $1,487 to $1,548 an ounce is where gold surged higher in 3Q 2011, and prices are already below these levels. Other potential ranges where prices could stabilize are […]
Earnings Preview – Japanese Automakers Consensus earnings estimates for Japanese automakers rose to 38.6 YEN (39 Cents) as of April 8th. This is a 26.5% increase from Q4 FY2012 estimates. Rise in estimates are primarily fueled by the recent depreciation in the YEN’s strength by 13.88% during the month of March. The weakening currency has […]
