U.S. Consumer Confidence Down, Housing Prices Up As S&P Closes In On All-Time High Of 1,565

Mixed Economic Data Helps Lift Markets, No Reason For Fed To Pull Punchbowl: The S&P 500 broke out of a tight range today to close higher and neared the all-time high of 1,565 today as sentiment among traders shifted.  The S&P 500 has been rangebound for the past few sessions and made it harder for[…]

Equities Make Comeback After 2013 Worst Day Ever On Housing And Consumer Data

Equities Make Comeback After 2013 Worst Day Ever On Consumer And Housing Data Will it last? Stocks made a strong comeback today after the Dow Jones Industrial Average fell over 200 points yesterday to close with the worst point loss in 2013 so far.  After 3 weeks of severely tight trading, stocks broke out of[…]

Dow Closes Above 14,000 On Positive Jobs Data, Consumer Confidence And Manufacturing Data

Dow Closes Above 14,000 On Positive Jobs Data, Consumer Confidence And Manufacturing Data: Just when the economy looked like it was teetering, the data gets better.  Today, a slew of economic data confirmed the economy isn’t in contraction mode although it’s still growing at a slow pace.  January 2013 nonfarm payrolls rose by 157,000 which[…]

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Dow Closes Above 13,000 Consumer Confidence Trumps Durable Goods Orders

Dow Closes Above 13,000 Consumer Confidence Trumps Durable Goods Orders: The Dow Jones Industrial Average closed above 13,000 for the first time in over 3 years.  The Dow rose early today but managed to gain only a few points until later in the day when it began to rally.  The Dow moved up in spite[…]

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EU headline risk isn’t over but it may not impact U.S. holiday sales

EU headline risk isn’t over but it may not impact U. S. holiday sales: Look for more EU news in the short term. The effects of the debt crisis should be small regarding the U.S. consumer spending for the holiday and future outlook. Europe took most of the attention away from positive U.S. economic news[…]

October Consumer Confidence Falls to March 2009 Levels

Consumer Confidence Falls to March 2009 Levels: Conference Board data shows consumers still grim on economic future. The U.S. consumer still feels bad about the economy.  As the holiday season approaches, Americans are not excited about the economy and may spend that way.  The Conference Board a private research group, released data today showing the[…]

Business Briefs and What’s Next

Will the U.S. Stock Market end the year up or down? Business Briefs and What’s Next Case-Shiller is in.. The Standard & Poors Case-Shiller Home Price index data did not disappoint significantly yesterday and the numbers were received positively.  This week it may be important to evaluate how stocks react to news before the end[…]

Consumer Confidence Rises but Still Low

Consumer confidence rises but still low.  The Conference Board, the New York research group that provides the index measurement stated that consumer confidence rose to 53.5 from 51.0.  This evidence shows that the consumer is still hanging on waiting for the economy to pick up steam.  The last two months have shown a slight reversal[…]