Steep Decline in NASDAQ Market

The NASDAQ Stock Exchange floundered on Friday, August 29, 2008. The NASDAQ closed on 2367.52 reporting a total decrease of -1.83%. This was mainly due to the retreat in the oil prices and increase in the personal spending for the month of July. The oil prices continued to trade 2% higher and are trading at $117 per barrel. The NASDAQ shares of the entire ten major economic sectors posted a steep loss. Only telecom sector (+0.6%) was the only NASDAQ top gainer. The financial sector (-1.3%) again continued to trade lower mainly because of the lower prices of Freddie Mac (FRE 4.55, -0.73) and Fannie Mae (FNM 6.95, -1.00).

The NASDAQ Stock Market continued to trade in the very confound manner over the week. The oil futures stock continued to trade in the positive territory as it continued to rise higher and higher. The energy sector and the materials were the NASDAQ biggest gainers. The stocks of the financial sector continued to trade in the negative territory and were the NASDAQ losers. The steep rise in the oil prices played a major role in the NASDAQ results.

Consecutive Strong Gains by NASDAQ Stock Exchange

The NASDAQ stock market continued to rally by posting strong gains on Thursday, 28 August 2008. The NASDAQ closed on 2411.64 recording an overall increase of 1.22%. All the ten major economic sectors posted the considerable amount of gain. The crude oil prices were lower at 2.2% to $115.50. The Telecom sector (+1.6) was the NASDAQ top gainer. The thrifts and mortgages industry groups was one of the best performing group majorly because of better gains reported by Fannie Mae (FNM 6.85, +0.36) and Freddie Mac (FRE 5.09, +0.34). The NASDAQ stocks of the retail sector were also the NASDAQ biggest gainers as with Genesco (GCO 34.80, +1.81), Zale Corp. (ZLC 27.07, +3.92), Men's Wearhouse (MW 21.69, +1.68), Coldwater Creek (CWTR 7.36, +0.42), and Tiffany & Co. (TIF 43.47, +3.86) reporting a considerable amount of profit. Strong gains were also seen in some of the major indices with DOW remaining one of the best performing indexes.

Solid Gains by NASDAQ Stock Exchange

The NASDAQ stock Market posted a modest gain on Wednesday, 27 August 2008. The NASDAQ closed on 2382.46 with NASDAQ computer reporting an overall increase of 0.87%. This was majorly due to the unexpected rise in the durable goods orders. The durable goods order for the month of July rose to a strong 1.3%. The durables goods report is considered as a good sign for the economy. However, there was no respite from the rising crude oil prices, which again rose to 2.3% trading at $118.97 per barrel. Consumer discretionary (-0.5%) and healthcare (-0.6%) sectors were the biggest NASDAQ losers. The energy sector (+1.5%) and the materials sector (+0.6%) were trading in the positive territory. The Financial sector (0.5%) was the NASDAQ top gainer particularly because of Fannie Mae (FNM 6.17, +0.55) and Freddie Mac (FRE 4.44, +0.47) that continued to lead the way. Some of the other stocks on the NASDAQ such as oil and gas refining, construction and engineering, coal and consumable fuels, thrifts and mortgage, etc reported a modest amount of gain and played a vital factor in increasing the NASDAQ graph.

Tumbling of NASDAQ stock market on 26th August

The NASDAQ stock market continued to tumble on Tuesday, 26 August 2008. The NASDAQ closed on 2361.97 with an overall decrease of -0.15%. This was a bit lower as compared to Monday’s, 25 August 2008 decrease of -49.12. The oil prices are up by 1.3% to $116.20 per barrel as against 0.5% on Monday. Consumer discretionary sector (-0.4%) was the major laggard of the session reporting a very moderate loss. Fannie Mae (FNM 6.10, +0.91) and Freddie Mac (FRE 4.08, +0.79) were the best performers of the session. The energy sector (+1.8%) was the biggest gainer on NASDAQ stock exchange. The technology sector was the worst performing sector with a loss of 0.4%. Some of the major NASDAQ stocks such as oil and gas storage and transport, home furnishing retail, storage and transport, multi-line insurance, construction and engineering, etc were some of the biggest NASDAQ gainers. On the other hand, Internet retail, automobile manufacturing, trucking, systems software, footwear, etc were the NASDAQ losers.

Nice day for NASDAQ stock market

The NASDAQ stock market ended the final trading session on a very positive note on Friday, 22 August 2008. The NASDAQ closed on 2414.52 with an overall increase of +1.44%. The trading sessions of major NASDAQ indexes of the NASDAQ stock exchange was also mixed. The dollar is up by 0.6% as compared to other currencies. The crude oil prices were down by 2%. Eight of ten economic sectors reported a considerable amount of profit with six sectors gaining in excess of 1%. It did not proved to be a fruitful session for the energy sector and materials sector; they were down 1.2% and 0.6% respectively and were the NASDAQ losers. The retail sector (1.8%) was able to reap in considerable amount of profit with GAP (GPS 20.00, +0.99) was the biggest NASDAQ gainer among the other NASDAQ shares. Some of major sectors stocks on the NASDAQ such as discretionary, transportation, financial and technological sectors were the NASDAQ top gainers.

Unpretentious loss On 21st August

On Thursday, 21 August, 2008, NASDAQ closed with unpretentious loss. NASDAQ closed on 2380.38 posting an overall loss of -0.36%. This was majority due the increases in oil future prices and weekly jobless claims below forecast. The oil prices rose up to the highest level in two weeks. The oil is currently trading at $119 per barrel. The weekly jobless claims further progressed to 445, 750 from 438,500. The NASDAQ shares of the defensive-oriented utilities (+0.2%) and energy sector (+1.6%) were the best performers of the session. The apparel retail index (+1.6%) was the biggest gainer of the session. The financial sector (-1.4%) continued to trade in the negative territory with Bank of America (BAC 28.97, -0.32), Morgan Stanley (MS 36.89, -0.51), Lehman Brothers (LEH 13.14, -0.59) and Goldman Sachs (GS 154.64, -3.61) reporting a significant amount of loss. The NASDAQ 100 is down nearly 1% majorly due to the weakness in Apple (AAPL 172.23, -3.61).

Good Wednesday after slow Start of Week in Stock Market

On Wednesday, 20 August 2008 NASDAQ stock market attained a comprehensive percentage of gain. NASDAQ closed on 2389.83 with NASDSAQ computer showing an overall increase of +4.72 per cent. Six of the ten economic sectors stocks on the NASDAQ reported a considerable amount of gain. The NASDAQ stock market also received a boost due to the stable earnings in the technology sector with Hewlett-Packard (HPQ 45.61, +1.92) reporting a very modest earning. The crude oil prices continue to trade in the negative territory with the prices falling -1.3% to $113.95 per barrel. The NASDAQ shares of the materials sector (+0.6%) also posted a considerable amount of profit. The industrial sector (-0.3%) and the healthcare sector (-0.5%) were the worst performer of the session. Macy's (M 20.26, -0.06) and Kohl's (KSS 48.59, -0.23) were the biggest losers in NASDAQ. Monsanto (MON 116.90, +4.04) and Bank of America (BAC 28.67, +0.59) were the biggest NASDAQ gainers.

Economic sectors Reported all out Loss Today

The NASDAQ stock market got off to the negative start on Tuesday, 19 August 2008. One of the main reasons for fall in the NASDAQ stock exchange was rise in the crude oil prices and increase in the wholesale information. It closed on 2384.36 with NASDAQ computer showing an overall decrease of -1.35%. Eight of the ten economic sectors NASDAQ stocks reported a loss all through the session. The crude oil prices increase by 2.2%. The energy sector posted a considerable gain of 0.5%. The stocks of the financial sector (-3.0%) were the major NASDAQ losers with a fall in AIG (AIG 20.37, -1.23) and Lehman Brothers (LEH 13.10, -1.93). Only two sectors i.e. commodities sector (+1.7%) and materials sector (+1.5%) were the NASDAQ top gainers and were best performers of the session.
The overseas market also didn't had very profitable session. DOW closing at 11348.55 reporting a steep decline of -130.84. Only three stocks that are within the DOW namely Exxon Mobil (XOM 76.97, +0.40), Chevron (CVX 83.94, +0.75) and Procter & Gamble (PG 71.42, +0.15) managed to post a gain

Week Start For NASDAQ

Monday 18th August 2008 did not proved to be a very fruitful session for the stock market bulls in NASDAQ stock market. The NASDAQ closed on 2416.98 resulting in the overall decrease of -35.54. The market collapsed mainly due to the lower trading in the crude oil and weakness in the financial sector. Regardless of lower trading in the NASDAQ stocks, the oil prices have climbed higher up to $114 per barrel. Heavy declines were seen in the financial sector as each of its industry groups are showing a considerable amount of loss. Thrifts and Mortgages (-4.9%) was one of worst performers of the session. Citigroup (C 18.17, -0.38), JPMorgan Chase (JPM 37.54, -0.53) and Bank of America (BAC 30.02, -0.68) are some of the NASDAQ losers. The technology sector (-0.6%) is still trading with losses. BHP Billiton (BHP 65.40, +0.18) reported a considerable amount of profit. The utility sector (+0.2%) and the energy sector (+0.1%) traded in the positive territory and were the NASDAQ top gainers.

Healthy gain This week in Market

The NASDAQ stock market ended the final trading session on a very negative note on Friday, 15 August 2008. The NASDAQ closed on 2452.52 with an overall decrease of -0.05%. However, for the week the NASDAQ recorded a very healthy gain of 1.6%. The trading sessions of major NASDAQ indexes of the NASDAQ stock exchange was also mixed. The crude oil prices dropped $1.24 to $113.77 per barrel. The dollar gained strength and contributed to sell off in the crude oil and various other commodities. Meanwhile, the earnings of some of the major NASDAQ stock of companies J.C. Penney Co. and Abercrombie & Fitch were far below the forecasts. The Shares of Merrill Lynch in moved upwards by 4% while the Wachovia shares fell by 2.5%. The airlines, building products, office electronics, tires and rubber were some of the major NASDAQ gainers. On the other hand, construction and engineering, gold, agricultural products, steel, etc were the NASDAQ losers.

Second Countinue Tumble Day This week in NASDAQ

The NASDAQ stock market again tumbled on Wednesday, 13 August 2008. The NASDAQ closed on 2428.62 posting an overall decrease of -0.08%. This was mainly due to the advancement in crude oil prices and fall in the retail sales much below the expectations. The crude oil prices spiked to 2.9% to $116.31 per barrel. The energy sector (+2.9) was the best performer of the session. The materials sector also posted a modest gain of 1.0%. The financial sector was one of the biggest loser with reporting a loss of 4.0%. Some of the major NASDAQ shares steel, construction and engineering, oil and gas exploration and producers, fertilizers and agricultural chemicals posted a moderate gain. Meanwhile, some of the other NASDAQ shares such as diversified banks, tires and rubbers, specialty stores, automobile manufacturing, etc were rather weak and were not up to the expectations of the investors.

Stock market tumbled on Tuesday

The NASDAQ stock market tumbled on Tuesday, 12 August 2008. The NASDAQ closed on 2430.61 with an overall decrease of -9.34. The crude oil prices are continuing to fluctuate as the prices are down to 1.0% at $113.30 per barrel. The material sector (+0.5%) was one the NASDAQ top gainers on the NASDAQ stock market. The shares of the technology sector were also the biggest NASDAQ gainers with Apple (AAPL 176.87, +3.31) cruising to the session highs and leading the NASDAQ index. The financial sector still continues to trade in the negative territory with a decrease of 4.6%. The brokerages and Investment banks are down 6.7% that is preceded by a 5.7% loss in the diversified financial group. The utilities sector (-1.4%) stocks in NASDAQ are not performing up to the expectations with Baltimore-based Constellation Energy (CEG 65.76, -7.28) decreasing at meager 10% in NASDAQ market.

Second Good week in Series for NASDAQ

The NASDAQ stock market continued to rally on Monday, 11 August 2008. The NASDAQ closed on 2439.95 recording an overall increase of +25.85. The value of stocks in the NASDAQ increased mainly due to the decrease in crude oil prices. The crude oil prices are down to 0.7 % to $114.37 per barrel. The materials sector (-1.8%) and energy sector (-2.0%) continued their fall to fresh session lows and were the NASDAQ losers. The financial sector (+3.4%) is posting a remarkable gain. The materials sector also posted a moderate loss of (-0.4%). The stocks of the mining sector also tumbled due to the decrease in gold (-3.8) and silver (-4.4) prices as the dollar rose 0.5%. The shares of the food products company Sysco rose to (SYY 31.11, +1.24). The share of the Amazon.com also soared to a whopping 9.4% and was also NASDAQ top gainers. The stocks of consumer discretionary sector (+2.6%) traded in the positive territory. Besides this the other NASDAQ stocks of the major sectors such as general merch stores, consumer electronics, consumer finance, food distributor, etc were some of the major. On the other hand, it did not proved to be a much profitable session for some of the stocks on NASDAQ such as industrial gases, personal products, railroads, steel, airlines, etc.

Another Mixed Week at NASDAQ stock exchange

On Friday the NASDAQ Stock Market Ended the day of Friday, 8 August 2008 with some hefty gains. On Friday NASDAQ closed on 2414.10 with an overall increase of + 58.37. All the three major NASDAQ indices such as NASDAQ 100, NASDAQ S&P, etc were up by more than 1%. The prices of the crude oil declined at 8% with $ 115 per barrel. The drop in oil prices helped the airlines sectors to rebound that were severely hit by soaring oil prices. The Continental Airlines reported a gain 12% and the United Airlines profit jumped to 16%. The financial sector performed well with an overall gain of + 1.8%. It proved to be a profitable session for the nine of the ten economic sectors stocks in NASDAQ with only energy sector reporting a loss of - 0.6%. The stocks of the consumer discretionary sector were the biggest NASDAQ gainers. The sector is up by + 2.9%. The sector benefited largely due to the increase in McDonald's stocks (MCD 64.00, + 2.14).

Overall, if a weekly assessment of NASDEQ stock market is made then it clearly shows that there was mixed trading in the NASDAQ stock exchange. The crude oil prices ended the week more than 8% lower. However, the dollar progressed at 1.8%. Energy sector was one of the biggest NASDAQ losers as it continued to trade on negative territory all round the week. Some of the major sectors such as steel, oil and gas exploration and producers, oil and gas drilling, diversified metals and mining, etc disappointed the investors. The NASDAQ futures continued to trade in uncertain direction.

Substantial loss on Thursday, 7 August 2008

On Thursday, 7 August 2008, the NASDAQ stock market posted a substantial loss. The NASDAQ closed on 2355.73 registering an overall decrease of - 0.95%. This was mainly due to increase in crude oil prices and the unimpressive store sales results by the retailers. Some of the stocks listed in NASDAQ stock exchange were some of the major NASDAQ gainers such as wireless telecom, healthcare technology, real estate management and development, semiconductors. On the other hand, there were some weak sectors that were NASDAQ losers namely asset management and custody banks, airlines, supermarkets and supercentres, consumer finance, agricultural products, etc. The utilities (+ 0.6%) and tech (+ 0.6%) were some of the major sectors that climbed to a sessions high. Wal-Mart (WMT 58.18, -2.58) reported a 3.0% increase in store sales. Whereas, Target (TGT 46.19, -1.82) reported a 1.2% decrease in July store sales report. The crude oil prices rocketed to 1.1% to $ 119.87 per barrel.

Technological giants Helps NASDAQ stock market

On Wednesday, 6 August 2008, NASDAQ stocks soared to a sessions high because of better than anticipated reported of the technological giants. The NASDAQ stock market closed 2378.37 with an increase of 1.21 per cent. The crude oil prices also decreased 0.7 per cent to $118.37 per barrel. Various communication and networking giants such as Cisco (CSCO 23.96, + 1.31), Microsoft (MFST 27.01, + 0.80) were the major NASDAQ gainers that led to the recovery of market. Freddie Mac (FRE 6.71, -1.33), Whole Foods (WFMI 19.94, -2.98) and Fannie Mae (FNM 11.93, -1.67) were some of the NASDAQ shares that reported a substantial amount of loss. News Corp. (NWS.A 14.27, -0.98), Sprint (S 7.45, -1.10) and Dean Foods (DF 21.89, -1.44) were the sessions biggest losers. The shares of the major telecom sector such as Sprint Nextel (S 7.69, -0.86) are down with 10 per cent.

Comprehensive gain on Tuesday, 5 August 2008

On Tuesday, 5 August 2008 NASDAQ stock market attained a comprehensive percentage of gain. It closed on 2349.83 with an increase of + 64.27 per cent. This was mainly due to dwindling oil prices, better economic estimates of the service sector and no change in the discount rate i.e. 2.25 Per cent. The crude oil prices are down 2.3 per cent to $ 118.65 per cent. All the ten sectors were able to gain a substantial amount of profits with seven sectors out of these ten sectors increased up to 2 per cent. The financials (2.1%) and discretionary (+2.2%) were the major stocks that topped the session. Proctor & Gamble (PG 67.73, +1.91) was one of the major stocks that recorded a substantial earnings as expected. However, Molson Coors Brewing (TAP 48.21, -6.22), Archer Daniels Midland (ADM 26.10, -1.30) and MGM Mirage (MGM 34.22, +3.22) earnings estimates were not up to the expectations.

Augusat Started with a sharp decline

NASDAQ kicked off the month of August with a very sharp decline on Monday 4 August 2008. It closed on 2285.56 reporting a total loss of -25.40 %. The market continued to decline due to major decline in crude oil prices that plunged to 3.0 % to 121.30 per barrel. There were only three sectors i.e. consumer staples (+1.2%), consumer discretionary (+0.5%), and health care (+1.3%) that were able to gain a substantial amount of profits. Cocoa (-7.6%), soybeans (-5.1%), natural gas (-6.7%), and corn (-5.0%) were the sessions worst performing commodities. It proved to be profitable session for the stocks of various other sectors such as consumer products, healthcare facilities, tobacco, airlines, automobile manufacturing, etc. However, oil and gas exploration, oil and gas drilling, steel, fertilizers and agricultural chemicals, etc underperformed.

NASDAQ - An inconsistent week Ends on this Friday

The NASDAQ ended an inconsistent week on this Friday. The NASDAQ closed on 2310.96 with a decrease of - 14.59. This was largely because of the estimates provided by the economic data. The economists predicted a 2.4 per cent growth in the GDP for the second quarter but they were disappointed as there was only 1.9 per cent growth in the GDP. The weekly jobless claims also shot up than expected 40, 000 to 448,000. The price of the dollar was also mixed as against the various currencies. The oil prices fell more than $ 20 in the recent weeks. This week nine of the ten sectors recorded a loss, with only financial recorded a substantial amount of gain i.e. 0.6 per cent. The materials and the utility sector were the worst performers that reported loss all round the week.