More From Val Kensington
Crude Oil Holds above $50 in the Early Hours on October 7
After breaking the resistance level of $50 and reaching multi-month high price levels on October 6, crude oil prices stayed above $50 early on October 7.
Gold and Silver Fell on July 22
At 2:50 PM EDT on July 22, precious metal producers Barrick Gold (ABX), Newmont Mining (NEM), and Royal Gold (RGLD) gained ~1%, ~2.0% ,and ~0.77%, respectively.
S&P 500’s Top Losses: Why Biogen Declined
Biogen, which is an American multinational biotechnology company, was the S&P 500’s top loss on June 18.
Copper Weaker on August 19 Due to Weaker Demand Signs
After starting the day with decreased momentum, copper prices remains mixed on Friday, August 19. At 1:50 PM EDT on August 19, the COMEX copper futures contract for September delivery was trading at ~$2.17 per pound, a gain of ~0.16%.
European Markets Are Stronger Early on July 13
The United Kingdom’s FTSE 100 Index started Thursday on a stable note. Early on July 13, the FTSE 100 Index was stable and trading above opening hours.
SCANA Had a Strong Performance on February 22
SCANA was the S&P 500’s second-best performer on Thursday. After trading with weak sentiment for five weeks, SCANA regained strength last week.
All of the Base Metals Recovered Except for Tin
After a string of losing days, base metals recovered on January 13, 2016. Except for tin, all of the base metals rose on January 13 in the LME.
Commodities Are Mixed in the Early Hours on March 19
At 6:05 AM EST on March 19, the West Texas Intermediate crude oil futures for May 2018 delivery were trading at $62.20 per barrel—a drop of 0.34%.
Base Metal Miners Recover
In the week ended December 26, the equities of all major base metal miners gained, recovering from losses in the week prior.
Under Armour: S&P 500’s Top Gainer on April 3
Under Armour was the S&P 500’s top gainer on April 3. After declining for three consecutive trading weeks, Under Armour regained stability last week.
Copper Rose to 1-Month High Price Levels on September 20
At 1:15 PM EST on September 20, the COMEX copper futures contract for December delivery rose ~0.35%. It was trading at $2.16 per pound.
Wall Street Rose amid Trump’s Tax Cut Proposal on September 27
The S&P 500 started this week on a weaker note due to the market’s lower risk appetite amid geopolitical concerns. The S&P 500 rose on September 27.
Quest Diagnostics: S&P 500’s Top Loser on September 25
Quest Diagnostics was the S&P 500’s top loser on September 25. On September 25, Quest Diagnostics fell 7.4% to $94.38—the lowest close in seven months.
Wall Street Pulled Back on October 25 amid Weak Earnings
On October 25, the NASDAQ and Dow Jones Industrial Average opened the day lower. The NASDAQ closed the day at 6,563.89 with a loss of 0.52%.
Ulta Beauty: S&P 500’s Top Loser on February 12
After declining for three consecutive trading weeks, Ulta Beauty opened higher on Monday but didn’t maintain the strength.
Why Did Crude Oil Stabilize on November 14?
On November 14, the WTI (West Texas Intermediate) crude oil futures contract for December delivery closed the day at $43.32 per barrel—a fall of ~0.21%.
Gold Rose amid Increased Demand for Safe-Haven Assets
These economic concerns and monetary stimulus expectations have decreased the probability of an interest rate hike by the US Federal Reserve, and the chances of an interest rate hike in July dropped to zero.
Copper Weakened amid Recovery in Dollar on August 3
After starting the day on a weaker note on Wednesday, August 3, copper maintained the same sentiment throughout the day and declined lower.
Tiffany & Co. Skyrockets after Upbeat Q1 2018 Earnings Report
Tiffany & Co., which is an American luxury jewelry and specialty retailer, was the S&P 500’s top performer on May 23.
Commodities Are Strong Early on June 14
At 6:15 AM EST on June 14, the WTI crude oil futures for July delivery were trading at $66.84 per barrel—a gain of 0.32%.
Why Did Crude Oil Continue to Trade Higher This Morning?
Crude oil continued to trade higher on Thursday morning due to support from the EIA’s inventory report released on Wednesday.
Commodities Are Strong in the Early Hours on December 15
At 6:30 AM EST on December 15, the West Texas Intermediate crude oil futures for January 2018 delivery were trading at $57.34 per barrel—a gain of 0.53%.
Copper Remains Stable as Brexit Fears Eased
Although the fundamentals are not as supportive of the Market’s sentiment, the weakness of the dollar and decreased anxiety over the Brexit vote helped copper on Friday.
Crude Oil Is Weaker before the Oil Rig Count Data on October 28
At 6:55 AM EST on October 28, the WTI crude oil futures contract for December delivery was trading at $49.47 per barrel—a fall of ~0.48%.
Best Buy Was the S&P 500’s Top Gainer on May 25
Best Buy rose to record high price levels on May 25. Despite prevailing weakness in the retail sector, Best Buy posted upbeat first quarter results.
Copper, Gold, and Silver Are Trading Lower on Thursday Morning
Copper is trading lower on Thursday. At 6:36 AM EST, the COMEX copper futures contract for July delivery was trading at $2.06—a decline of 1.1%.
Why Did Copper Ignore Stimulus from China?
Copper prices experienced a roller coaster ride on Monday after important market-moving news from China.
Base Metal Miners Declined the Week Ended January 2, 2016
The equities of major base metal mining companies fell in the week ended on January 2. Freeport-McMoRan, one of the leading copper producers, fell last week and ended in a loss.
Crude Oil Declined Sharply on June 10
Crude oil fell sharply on Friday, June 10, 2016, affected by weakness in the global markets and the strong dollar. At 12:27 PM EDT, WTI crude futures for July expiry were trading at $49.31 per barrel, a drop of ~2.5%.
Base Metal Miners on Tuesday, March 22: Some Up, Some Down
Freeport-McMoRan (FCX), one of the largest copper miners, rose for the second consecutive trading day on Tuesday, March 22, 2016. It closed the day at $10.99, a rise of 1.8%.
Why Did Merrill Lynch Resume Coverage of Freeport-McMoRan?
On Wednesday, March 2, 2016, Merrill Lynch resumed Freeport-McMoRan’s (FCX) coverage, with a neutral rating and a price target of $9.
S&P 500, NASDAQ, and Dow Rebounded amid Better Global Sentiment
The S&P 500 fell lower last week amid geopolitical concerns. But it started this week on a stronger note by rebounding on Monday.
Base Metal Miners Freeport-McMoRan and Glencore Fell Last Week
Freeport-McMoRan is one of the largest copper miners in the world. It fell for the second consecutive trading week. In the week ending on April 2, it fell 2.2%.
Why Is Crude Oil Positive in the Early Hours on September 7?
At 6:00 AM EST on September 7, the West Texas Intermediate crude oil futures contract for October delivery was trading at $45.24 per barrel—a gain of ~0.94%.
Why Did the S&P 500 and Dow Rise to Fresh Record Highs?
After rising to record high price levels last week, the S&P 500 carried the buying momentum to this week. It closed with gains on September 20, 2017.
Asian Markets Are Stable on May 9, Nikkei Pulls Back
After rising to 17-month high price levels and starting the week on a stronger note on Monday, Japan’s Nikkei index pulled back on Tuesday.
Gold Trading around $1,300, Silver Declines
At 8:45 AM Eastern time, gold futures contracts for June delivery were trading at $1,298.75 per ounce, a gain of 0.23%. Silver was trading at $17.59 per ounce, a loss of 0.37%.
S&P 500’s Top Gainers: FLIR Systems Rose to Record Highs
FLIR Systems was the S&P 500’s top gainer on July 25. FLIR Systems opened higher on July 25 and rose to record high price levels.
European Markets in the Morning Session on February 5
At 5:05 AM EST on February 5, the DAX Index was trading at 12,728.08—a drop of 0.45%. The iShares MSCI Germany (EWG) fell 2.42% on February 2.
European Markets Are Mixed Early on July 20
At 4:45 AM EST, the FTSE 100 Index was trading at 7,701.14 with a gain of 0.22%. EWU fell 0.43% to $34.49 on Thursday.
Why Is Gold Struggling at a 1-Week Low on August 8?
At 2:40 PM EST on August 8, the COMEX gold futures contract for December delivery was trading at $1,341.35 per ounce—a drop of ~0.23%.
Copper, Gold, and Silver Are Stable Early on October 7
At 6:35 AM EST on October 7, the COMEX copper futures contract for December delivery was trading at $2.15 per pound—a fall of ~0.12%.
Crude Oil Continues to Trade Higher This Morning
Crude oil continues to trade higher due to positive sentiment surrounding the crude oil market. At 7:38 AM EST, WTI crude was trading at $44.88 per barrel.
Why Did Base Metals Fall in the Second Week of March?
LME nickel fell to lower price levels last week and stood as the biggest loser in base metals. It fell 5.5% and ended the week at $8,830 per metric ton.
Base Metals Dive after Opening the Week on a Surge
All base metals declined that day on the LME, and LME nickel was the biggest loser of the day in base metals with a decline of 2.8%.
Why Is Gold Trading at Its Lowest Price Levels in 3 Weeks?
The market is anticipating the speech by the Federal Reserve chair, Janet Yellen, at the annual central bankers meeting to be held in Jackson Hole, Wyoming, on August 26.
Why the S&P 500, NASDAQ, and Dow Lost Momentum
The S&P 500 started this week on a stable note by trading at all-time high price levels on Monday. The market lost momentum in the first two trading days.
Why Is Copper Trading High in the Early Hours on September 14?
At 6:20 AM EST on September 14, the COMEX copper futures contract for December delivery was trading at $2.13 per pound—a gain of ~1.2%.
Base Metals Continue to Rise in the London Metal Exchange
The base metals found some relief on January 13, 2016. They carried the same positive sentiment to January 14. All of the base metals rose in the LME.
Energy Sector Companies: How Did They Perform on July 11?
Crude oil–related companies lost momentum on July 11. At 3:30 PM EST, major ETFs related to the energy sector such as USO and DBO fell ~1.5% and ~0.34%.
Copper Dove in July 22 Due to a Stronger Dollar
At 1:15 PM EDT on July 22, major copper producers Freeport-McMoRan (FCX), Billiton (BHP), and Rio Tinto (RIO) fell by ~1.7%, ~1.7%, and ~1.19%, respectively.
Hanesbrands: S&P 500’s Top Loser on February 8
On February 8, Hanesbrands declined 10.9% and closed the day at $19.57. Hanesbrands is part of the S&P 500 Consumer Discretionary sector.
How Is Crude Oil Performing This Morning?
After testing the psychological resistance level of $50 on Thursday, May 26, 2016, crude oil is trading below the resistance level this morning.
S&P 500, NASDAQ, and Dow Started the Week on a Weaker Note
The S&P 500 started March 6 on a weaker note and maintained the weakness throughout the day. The S&P 500 VIX Index measures uncertainty in the market.
What Made Crude Oil Spike Higher on August 11?
At 1:05 PM EDT on Thursday, August 11, the WTI crude oil futures contract for September delivery was trading at $43.61 per barrel, a gain of ~4.5%.
Wall Street Pulled Back from Record Highs on September 21
On September 21, nine out of the S&P 500’s 11 major sectors fell. Weakness in the telecom services and consumer staples sectors pushed the market lower.
IT Sector Awaits Trump’s Meeting with Silicon Valley CEOs
The S&P 500 Information Technology sector rose 0.32% on December 20. The market is looking forward to Trump’s meeting with Silicon Valley CEOs.
Costco Rose, Citigroup Upgraded the Stock
The S&P 500 Consumer Staples sector rose 0.15% on December 19. Costco Wholesale (COST) and Altria Group (MO) were the top performers.
Harris Corporation: S&P 500’s Top Gainer on January 30
Harris Corporation was the S&P 500’s top gainer on January 30. On January 30, Harris Corporation gained 6.2% and closed the day at $156.31.
S&P 500, NASDAQ, Dow Surged to Record Highs on October 6
After starting this week on a stronger note and gaining for seven consecutive trading days, the S&P 500 surged higher to a new record-high price on Thursday.
Analyzing Commodities in the Early Hours on February 7
At 4:45 AM EST on February 7, the West Texas Intermediate crude oil futures for March 2018 delivery were trading at $63.36 per barrel—a fall of 0.08%.
Asian Markets Are Strong amid Holidays
The Hang Seng Index gained 1.8% and closed the day at 30,828.00 on April 30. The iShares MSCI Hong Kong (EWH) gained 0.39% on Friday.
S&P 500, NASDAQ, and Dow Pulled Back on May 11
After consolidating for three consecutive trading days, the S&P 500 started May 11 on a weaker note by opening lower and falling to one-week low levels.
Why Did the S&P 500, Nasdaq, and Dow Fall on January 17?
The S&P 500 Index started January 17 on a stronger note, but it wasn’t able to hold the strength due to risk aversion at the beginning of the week.
Biogen: S&P 500’s Top Loser on January 8
Biogen was the S&P 500’s top loser on January 8. Biogen regained strength last week and rose to ten-week high price levels.
Nucor and Acuity Brands Fell on December 14
After gaining for three consecutive trading weeks, Nucor started this week higher but lost upward momentum as the week progressed.
TripAdvisor: S&P 500’s Top Gainer in the Week Ending November 24
TripAdvisor was the S&P 500’s top gainer in the week ending November 24. It started the week on a stable note and rose as the week progressed.
Why Are Asian Market Strong on June 6?
On June 6, the Shanghai Composite Index closed at 3,115.18—a gain of 0.03%. The SPDR S&P China (GXC) gained 0.2% on Tuesday.
European Markets Are Weak Early on July 21
On July 21, the FTSE 100 Index started on a stronger note but lost momentum as the day progressed. It traded with subdued momentum.
How Were Copper, Gold, and Silver Trading on Monday?
China’s better-than-expected growth in real estate investments in April supported copper prices on Monday.
Incyte Was the S&P 500’s Top Gainer on May 18
Incyte rose to one-month high price levels on May 18. Incyte opened higher on Thursday due to positive results from its lung cancer drug.
Why Did Transocean Report Weak Quarterly Results?
Transocean, one of the world’s largest offshore drilling contractors, rose to one-week high price levels on Friday. It’s focusing on cost-cutting measures.
Asian Markets Are Weaker amid Cautious Trade on April 28
After gaining for three consecutive trading days, China’s Shanghai Composite Index lost momentum and closed almost flat on April 28.
European Markets Are Weak amid Increased Caution
At 4:45 AM EST today, the FTSE 100 Index was trading at 7,576.18—a gain of 0.12%. EWU gained 0.08% to $36.1 on Monday.
Why Did Crude Oil Fall More on September 13?
After starting the week on a positive note by gaining on September 12, crude oil lost its strength on September 13 amid bearish market outlook reports.
Performance of Companies in Energy and Mining Sectors on September 21
The companies in the energy sector gained on Wednesday, September 21. The United States Oil ETF (USO) and the PowerShares DB Oil ETF (DBO) rose ~2.7% and ~2.1%, respectively.
How’s Crude Oil Trading Early on September 15?
After falling for two consecutive trading days, crude oil eased and recovered moderately in the early hours on September 15.
Performance of Companies in Energy, Mining Sectors on September 16
The companies in the energy sector fell on Friday, September 16. The United States Oil ETF (USO) and the PowerShares DB Oil ETF (DBO) fell ~1.6% and ~1.5%, respectively.
Health Care and Utilities Sectors: Best Performers on November 29
The health care sector rose 0.65% on November 29. Alexion Pharm (ALXN) (+5.2%) and Centene (CNC) (+3.9%) are the top performers.
Asian Markets Trade Higher amid Global Market Rally
After regaining some strength on Tuesday amid improved global market sentiment, China’s Shanghai Composite Index continued to move higher.
S&P 500, Nasdaq, and Dow Closed at Record Highs
On December 13, the S&P 500, Dow Jones Industrial Average, and Nasdaq rose 0.65%, 0.58%, and 0.95%. They closed at record highs.
Why Did Constellation Brands Stock Fall?
Estee Lauder (EL) and Constellation Brands (STZ) were the top and bottom performers in the consumer staples industry on December 20.
Gold Inches Higher on Weaker Dollar and Global Uncertainties
After falling for two consecutive trading days, gold regained its strength on Wednesday, June 29, amid increasing concerns over the stability of the global markets.
What Made Crude Oil Spike on Wednesday?
Crude oil started Wednesday on a weaker note as the oil worker strike in Kuwait was called off. But later in the day, crude oil was supported by the better-than-expected US crude oil inventories report.
Commodities Are Stable, Crude Oil Rose to 3-Week Highs
Crude oil prices regained strength last week amid a decline in crude oil inventory levels and expectations of an extension of the supply cut agreement.
Why Is Netflix Expected to Open Higher on January 19?
After the market closed on Wednesday, Netflix (NFLX) posted upbeat fourth quarter earnings. It reported $2.48 billion in revenue in the fourth quarter.
Copper Stabilizes While Gold Trades near Two-Year High
Copper prices stabilized on Monday, July 4, amid expectations of stimulus from central banks.
Crude Oil Up on September 21 Due to Drop in Inventory Levels
After posting moderate gains on Tuesday, September 20, crude oil prices inched higher on Wednesday, September 21, amid a drop in inventory levels. Crude oil prices also took support from the oil service workers’ strike in Norway.
Citron Research Tweet Pulled NVIDIA Prices Lower on December 28
The S&P 500 Information Technology sector fell 0.87% on December 28. NVIDIA (NVDA) and First Solar (FSLR) were the top losers.
Crude Oil Is Weaker Early on November 11 amid Supply Concerns
At 5:10 AM EST on November 11, the WTI crude oil futures contract for December delivery was trading at $44.28 per barrel—a fall of ~0.85%.
Energy Sector and Utilities Sector Supported the Market
After falling for two consecutive trading days to the lowest levels since the end of November, the energy sector rose on Wednesday.
Why Are Commodities Mixed in the Early Hours?
At 6:30 AM EST on April 27, the West Texas Intermediate crude oil futures contract for June 2017 delivery was trading at $49.16 per barrel—a fall of ~0.93%.
Crude Oil Inched Higher ahead of the Brexit Vote
After showing weakness on June 22 due to the disappointing inventory report, crude oil started Thursday on a positive note.
Crude Oil Prices Were Weaker amid Mixed Sentiments
Crude oil prices were weaker in the early morning trading hours of July 19 amid mixed sentiments.
Commodities Are Mixed in the Early Hours on April 25
At 7:30 AM EST on April 25, the West Texas Intermediate crude oil futures contract for June 2017 delivery was trading at $49.26 per barrel—a gain of ~0.04%.
Crude Oil Remained Stable in the Early Morning on August 12
After gaining more than 4% on August 11, crude oil prices remained stable at three-week high levels in the early morning hours on August 12.
How Range Resources and EQT Corporation Performed on December 28
Range Resources Corporation was the S&P 500’s second-best performer on December 28, 2017.
Energy Sector Led the S&P 500 Lower on February 16
After a brief decline on Wednesday, the S&P 500 energy sector lost strength and fell on February 16. The rise in crude oil inventories dented the sentiment.
Copper Fell and Gold Stabilized on July 5
At 6:40 AM EST on July 5, the COMEX Copper futures contract for September delivery was trading at $2.2 per pound—a drop of 0.81%.
Crude Oil Pared Losses amid Output Freeze Speculations
At 1:00 PM EST on September 20, the WTI crude oil futures contract for November delivery was trading at $43.8 per barrel—a fall of ~0.21%.