GET TRENDING FINANCIAL NEWS AND INSIGHTS FIRST

Nowhere to go but up? Equities continued their upward momentum on Friday, spurred by some good earnings and some surprisingly good economic figures. Stocks bounced around during the session, the last trading day of an abridged low volume week, but fundamentals won the day resulting in a positive...

One inch at a time. Stocks advanced slightly yesterday without any real stimulus as earnings roll in and beat low expectations. With earnings season in full swing, traders are unsure about how to deal with earnings buying some beats but selling others.

Going nowhere fast. In another low volume day, the market appeared lethargic as traders tried to make sense of mixed earnings releases yesterday. Stocks halted their slow climb yesterday in the absence of any new positive news.

New fronts. Equity markets sold off yesterday on news that Trump was proposing new tariffs on the EU and a lowered global economic growth outlook by the IMF. With the possibility of a new front in the trade war looming stocks gave up their winning streak in a day of selling.

Watchful waiting. Former Fed Chief Janet Yellen’s prescription for policy is in line with the current Fed and traders are obedient, watching and waiting for first quarter earnings. Stocks closed up yesterday on a benign inflation figure and market friendly FOMC minutes.

Stand still. Yesterday, stocks finished mostly unchanged as traders awaited the start of earnings season. Equities could not muster enough energy to make any large moves in absence of any new stimulants.