Tag: news

Stocks Turn Mixed Ahead Of Announcement From The Fed

Posted on by The INO.com Team

(RTTNews) - With traders waiting on the Federal Reserve's monetary policy announcement, stocks are turning in a lackluster performance during trading on Wednesday. The markets have turned mixed on the day after failing to sustain an initial upward move.

The major averages have moved roughly sideways in recent trading, stuck on opposite sides of the unchanged line. While the Nasdaq is down 4.82 points or 0.2 percent at 2,934.70, the Dow is up 34.02 points or 0.3 percent at 13,042.70 and the S&P 500 is up 2.80 points or 0.2 percent at 1,382.12. Continue reading "Stocks Turn Mixed Ahead Of Announcement From The Fed" →

Oil prices rise on surprise supply drop

Posted on by The INO.com Team

(AP:NEW YORK) The price of oil is climbing after the government said supplies have dropped more than analysts expected.

Benchmark U.S. crude rose 76 cents to $88.82 per barrel in New York on Wednesday, while Brent crude added $1.11 to $106.03 per barrel in London.

Prices rose after the Energy Information Administration said U.S. oil stockpiles Continue reading "Oil prices rise on surprise supply drop" →

Treasuries Close Modestly Higher But Well Off Best Levels

Posted on by The INO.com Team

Continuing to recover from last Friday's sell-off, treasuries saw modest strength during trading on Tuesday but ended the session well off their best levels of the day.

After moving to the upside in early trading, bond prices gave back some ground over the course of the afternoon but managed to end the day modestly higher. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, edged down by 1.2 basis points to 1.492 percent. Continue reading "Treasuries Close Modestly Higher But Well Off Best Levels" →

Stocks May Show A Lack Of Direction As Fed Meeting Begins

Posted on by The INO.com Team

(RTTNews) - With traders looking ahead to monetary policy decisions from both sides of the Atlantic, stocks may show a lack of direction in early trading on Tuesday. The major index futures are currently pointing to a modestly higher open for the markets, with the Dow futures up by 24 points.

Extending the trend seen in the previous session, many traders are likely to stay on the sidelines as the Federal Reserve begins a two-day monetary policy meeting. Continue reading "Stocks May Show A Lack Of Direction As Fed Meeting Begins" →

Stock indexes drift lower, ending a two-day rally

Posted on by The INO.com Team

A two-day rally that sent stocks soaring last week fizzled out Monday.

European leaders vowed Thursday and Friday to keep the continent's monetary union intact, and investors sent stock markets shooting higher. But stocks were little changed Monday as investors waited to see if they would back up their words with action. Continue reading "Stock indexes drift lower, ending a two-day rally" →