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Monthly Archive: July 2014

Jul 31 2014

Rate Hike Comes Sooner Than Expected?

Market Recap: Market participants received some encouraging news early Wednesday as economic data showed the US economy growing by 4%, significantly above the 3.2% estimate, during the second quarter. However, given the sharp adjustments to GDP data in the past, many investors remained pessimistic that the final read will be this strong. Moreover, the strong …

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Jul 30 2014

Expect a Relatively Muted Session

Market Recap: Slightly disappointing earnings and nervousness ahead of Wednesday’s GDP release caused markets to drift lower on Tuesday. Volume and volatility were muted ahead of a busy reporting day, with most sectors of the S&P declining – Telecom shares were the only gainers for the day. Commodities were mixed, while Treasuries remained flat as …

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Jul 28 2014

Investors Are Holding Their Breath

Market Recap: It was a rough start of the week, as the Dow Jones Industrial Average dropped by nearly 100 points before rebounding and ending the day near flat for the day. M&A activity continued as its recent torrid pace, with online real-estate company Zillow announcing it would acquire rival Trulia for $3.5 billion and …

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Jul 24 2014

The Current Market Environment

Market Recap: Strong earnings drove stocks to new highs as Facebook shares soared on much better than forecast earnings. Shares of International Paper (IP), Yahoo (YHOO), and IBM (IBM) were also among market leaders. In spite of the positive earnings momentum and encouraging economic news, which showed jobless claims falling to a 9 year low, …

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Jul 24 2014

Exceeding Earnings Expectation

Market Recap: Stocks were mixed on Wednesday, as market participants weighed strong earnings against a slightly disappointing Mortgage Origination report. Boeing and Apple both impressed, helping drive the S&P 500 to a new record high. The Dow Jones did lose a small fraction of a percent as Consumer and telecom shares fell. Sectors of the …

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