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Stock Market News for October 19, 2015

Benchmarks ended Friday’s choppy trading session higher, boosted by General Electric’s positive quarterly results and an upbeat consumer sentiment report. The S&P 500 closed at its highest level since Aug 20. The index also recorded its third successive week Source
Posted On 21 Oct 2015

Market Close Report: NASDAQ Composite index closes at 4,880.97 down -24.50 points

Tuesday’s session closes with the NASDAQ Composite Index at 4,880.97. The total shares traded for the NASDAQ was over 1.66 billion. Declining stocks led advancers by 1.06 to 1 ratio. There were 1375 advancers and 1458 decliners for the Source
Posted On 21 Oct 2015

Weak US Drilling Activity To Weigh Heavily On Baker Hughes 3Q Earnings

Oilfield services major, Baker Hughes ( BHI ), which is working with Halliburton ( HAL ) to complete their proposed merger by the end of the year, faced another rough quarter due to the weak North American drilling demand. Source
Posted On 21 Oct 2015

Schlumberger Holding Up Well In The Current Downturn, Sees Challenging Times Ahead

The world’s largest oilfield services company, Schlumberger ( SLB ), which released its third quarter performance on 15th October 2015, posted slightly better than expected earnings, beating the market EPS estimate by 1 cent. While the oilfield giant witnessed a meaningful...
Posted On 21 Oct 2015

Why Did Amazon Quit The Online Travel Market?

Out of the blue, Amazon ( AMZN ) has decided to shut down its travel booking site, Amazon Destinations Amazon entered into the hotel booking business in April 2015 with Amazon Destinations , a travel reservation service focusing on Source
Posted On 21 Oct 2015

Q3 Earnings, Housing Starts Drive Market

Tuesday, October 20, 2015 The major indexes appear on track to start today’s session modestly in the red, with a barrage of Q3 earnings reports and a positive Housing Starts reading providing the backdrop. The overall tone of earnings Source
Posted On 21 Oct 2015

Stock Market News for October 20, 2015

Benchmarks ended with modest gains on Monday, banking on advances in biotech and technology companies. The gains were kept in check, owing to drop in oil prices . Oil prices took a beating on Monday due to concerns about Source
Posted On 21 Oct 2015

Stock Market News for October 15, 2015

Disappointing outlook from Wal Mart and weak domestic economic data dragged benchmarks in the red on Wednesday. Decline in Producers Price Index and an in line retail sales report raised concerns about the health of the US economy. Moreover, Source
Posted On 19 Oct 2015

Market Close Report: NASDAQ Composite index closes at 4,870.10 up 87.25 points

Thursday’s session closes with the NASDAQ Composite Index at 4,870.10. The total shares traded for the NASDAQ was over 1.89 billion. Advancers stocks led declining by 4.52 to 1 ratio. There were 2362 advancers and 523 decliners for the Source
Posted On 19 Oct 2015

Fed Wont Raise til 2016?

Thursday, October 15, 2015 The major indexes are on track to start today’s session in the green on continued Fed centric hopes following a benign inflation reading and more earnings releases. The case for the Fed lift off arriving Source
Posted On 19 Oct 2015