Markets

Nasdaq 5K

The Nasdaq closes above 5,000 for the first time since 2000. What drove the index to this level and where does it go from here?

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The tech-laden Nasdaq index has hit the 5,000 benchmark for the first time in 15 years. Sure—big, round stock market numbers are purely symbolic, but this one carries with it quite a bit more baggage. To call it a generation’s worth wouldn’t be unfair. Last time it ended badly—very badly. The four scariest words in …

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The Nasdaq briefly touched the psychologically important level of 5,000 on Monday as investors cheered U.S. economic data and an interest rate cut in China. “We’ve got economic data that continues to move things forward. I would mach rather see 5,000 on improving economic data than the (conditions we had in March 2000),” said Art …

February markets

Stocks finished the month with solid gains of five percent or more. Will the bulls continue their march into March?

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Traders work the floor of the New York Stock Exchange.

We’ve seen a notable breakout, but still no signs of profit taking. It’s been one heck of a month for equities. Not only do we have historic highs in the S&P 500, S&P Midcap, and Russell 2000, but every major index is up 5 percent or so. Major Indices in February: NASDAQ: up 5.7 percent …

Greece negotiations

Speculation of a bailout extension for Greece helped send the S&P 500 to a record high.

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Trader on the floor of the New York Stock Exchange.

Deep-pocketed investors believe U.S. stocks will be the best place to put money this year. So far, they’ve been wrong. In fact, the domestic market has underperformed most other global indexes, particularly those in Europe and Asia, as the U.S. Federal Reserve gets set to tighten monetary policy while its global counterparts are opening the …

Brendan McDermid | Reuters
Traders work on the floor of the New York Stock Exchange.

U.S. stock index futures signaled a higher open on Thursday, following gains in Europe on the back of strong bank earnings and a peace deal between Russia and Ukraine. Futures trimmed some gains as retail sales for January came in weaker than expected, down 0.8 percent and near December’s 0.9 percent decline. Retail sales ex-autos …

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U.S. stocks traded sharply higher on Tuesday on continued momentum from strengthening oil prices and encouraging developments in the Euro zone. “We’ve got a continuation of strength. Looks like the two major drivers of yesterday’s strength are still with us today,” said Art Hogan, chief market strategist at Wunderlich Securities. The Dow Jones Industrial Average …

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News of a debt settlement proposal between Greece and the European Union eased U.S. investor worries on Monday, putting earnings back in focus. Analysts are particularly interested in consumer firms and small-cap stocks, which are only just beginning to report their fourth-quarter earnings and actually benefit from a stronger U.S. dollar. “Because of the strong …

Market Monitor: Jamie Cox

Our Market Monitor thinks February will be a good month for stocks.

Blue chip blues

The strong dollar has proven to be a big drag on some of the country’s biggest companies.

Carlo Allegri | Reuters
Trader on the floor of the New York Stock Exchange.

U.S. stocks dropped sharply on Tuesday, as corporations reported earnings that disappointed and orders fur U.S. business equipment unexpectedly declined in December. Caterpillar fell in early New York trading after the making of mining and construction equipment reported a lower profit short of estimates. Orders for business equipment fell 3.4 percent last month, illustrating the …

Brendan McDermid | Reuters
Trader on the floor of the New York Stock Exchange.

U.S. stocks climbed on Thursday after the European Central Bank left benchmark interest rates unchanged and ECB President Mario Draghi said the central bank would make monthly bond purchases of $70 billion. “We’re pleased. There was always concern the ECB would disappoint, so we’re pleased with size of the proposed actions, and the structure of …

Brian Snyder | Reuters
Shoppers in the parking lot of a Walmart store in Massachusetts.

A year in which the U.S. economy was supposed to turn the corner and lead the world sure has started out in bumpy fashion. Retail sales, manufacturing and inflation readings sputtered into the end of 2014, according to reports released this week. Meanwhile, weekly jobless claims jumped back above 300,000 and a new study called a …