econintersect.com
       
  

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.



16Oct2015 Market Close: The Averages Closed Strongly Upward After The SP500 Rejects 2020 Support Posting Third Week Gain In A Row

Written by Gary

Markets closed higher with the SP500 slipping to the 2020 support, failing to penetrate and then climbed to new session highs just short of its resistance of 2040. General Electric Co reported a better-than-expected quarterly profit on Friday as third-quarter results are proving to be overall better than expected along with U.S. consumer sentiment rebounding strongly.

Todays S&P 500 Chart

The Market in Perspective

Here are the headlines moving the markets.

Wall St. edges higher late as sentiment data, GE boost

(Reuters) - U.S. stocks edged up in late afternoon trading Friday, helped by upbeat consumer sentiment data and gains in General Electric, putting the S&P 500 on track for a third week of gains.

Steve Ballmer takes 4 percent stake in Twitter, owns more than CEO

SAN FRANCISCO (Reuters) - Former Microsoft Corp Chief Executive Steve Ballmer has taken a 4 percent stake in Twitter Inc , according to his spokesman, making him the third-biggest individual shareholder in the social media company.

U.S. consumer sentiment rebounds; industrial output weak

WASHINGTON (Reuters) - U.S. consumer sentiment rebounded strongly in early October, suggesting that the economic recovery remained on track despite headwinds from a strong dollar and weak global demand that have weighed on the industrial sector, particularly manufacturing.

U.S. holiday sales expected to rise 2.8 percent in 2015: RetailNext

CHICAGO (Reuters) - U.S. holiday sales are expected to rise a modest 2.8 percent in 2015, as a sluggish economic recovery is likely to weigh on consumer spending, analytics firm RetailNext said on Friday.

Exclusive: Silicon Valley IPO market boom winding down

SAN FRANCISCO (Reuters) - Last year, many tech IPOs enjoyed soaring valuations in their Wall Street debut, raining cash on the companies and their investors and boosting concerns about another Silicon Valley bubble.

GE beats profit expectations as aviation counters weak oil segment

(Reuters) - General Electric Co reported a better-than-expected quarterly profit on Friday, helped by cost cuts and higher sales of its jet engines business that offset struggles in its oil and gas segment.

Honeywell revenue misses on weak demand from oil, gas customers

(Reuters) - Honeywell International Inc , a maker of industrial, aerospace and auto components, reported lower-than-expected quarterly revenue, hurt by weak demand from oil and gas customers.

Stocks Post Third Week of Gains

Stocks posted their third week of gains in a row as third-quarter results are proving to be overall better than expected.

Noble Winds Down Metals Trading

Commodities trader Noble Group is winding down its exposure to some metals and focusing on what it says is a profitable energy business as it addresses the global resources rout.

Liongate Capital Management to Shut Down

Liongate Capital Management LLP, one of London’s best-known hedge-fund investors, which ran billions of dollars at its peak, is to shut down, according to a person familiar with the matter.

Currencies: Dollar finishes flat against the euro after volatile week

The U.S. dollar finished the week essentially flat against the euro on Friday amid shifting expectations on the future course of monetary policy in both the U.S. and the eurozone.

Summary of Economic Releases this Week

Real Time Economic Calendar provided by Investing.com.

Earnings Summary for Today

Earnings Calendar provided by Investing.com.

leading Stock Positions

Leading Stock Quotes powered by Investing.com

Current Commodity Prices


Commodities are powered by Investing.com

Current Currency Crosses

The Forex Quotes are powered by Investing.com.



To contact me with questions, comments or constructive criticism is always encouraged and appreciated:

gary@econintersect.com

Click here for Historical Releases Listing










Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, using Livefyre just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



You can also comment using Facebook directly using he comment block below.





Econintersect Live Market

search_box

Print this page or create a PDF file of this page
Print Friendly and PDF


The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.


Take a look at what is going on inside of Econintersect.com
Main Home
Analysis Blog
The Destruction of the Existing Workforce
Finance and Growth: The Direction of Causality
News Blog
Redneck Inventions
How Repealing Portions Of The Affordable Care Act Would Affect Health Insurance Coverage And Premiums
Grassroots Terrorism In 2017: A Small But Stubborn Threat
Earthquake Risk: Spotlight On Canada
Federal Income Taxes By Income Bracket
Infographic Of The Day: Guide To Caring For Your First Dog
Early Headlines: Migrants Incr. 41 Pct This Century, Women's March Largest Ever?, GOP ACA Disarray, Trump Hit With Ethics Complaint, Trump Back To '29?, May And Nieto To Visit Trump And More
New Seasonal Outlook Updates from NOAA and JAMSTEC Disagree Dramatically
Earnings And Economic Reports: Week Starting 23 January 2017
France And Germany Differ Starkly On Strong Leaders
Most Flags Combine Red, White And Blue
Electroconvulsive Therapy: A History Of Controversy, But Also Of Help
Super Bowl Ad Prices Doubled In A Decade
Investing Blog
The Week Ahead: Political Uncertainty And Market Volatility
Investors: How Not To Lose Everything And Die Broke
Opinion Blog
Retailing In America: Bricks And Torture
Economics, Society, And The Environment: What's Wrong With This Picture?
Precious Metals Blog
Four Catalysts Drive Gold And Silver For 2017
Live Markets
20Jan2017 Market Close: U.S. Stocks Were Up But Off Their Highs Of The Session, Crude Prices Continue To Climb, Next Week May Be Volatile
Amazon Books & More






.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government































 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved