Wall Street Update and Outlook Previous close Chg % chg DOW 11,094.57 -1.51 -0.01% Nasdaq 2,435.38 -5.85 -0.24% S&P 1,173.81 -4.29 -0.36% Source: Yahoo Finance Stocks logged their first loss in five sessions as weakness among bank stocks imbued broader market trade and the dollar pared its loss. Data was of little consequence this session. A lack of direction in the early going left stocks vulnerable to a broader slide that was led by bank stocks. Banks succumbed to a concerted selling effort related to concern regarding banks’ handling of foreclosures and representation of mortgage loan pools for use in […]

Wall Street Update and Outlook Previous close Chg % chg DOW 11,096.08 75.86 0.69% Nasdaq 2,441.23 23.31 0.96% S&P 1,178.10 8.33 0.71% Source: Yahoo Finance Strong earnings and a slide in the dollar sent stocks to fresh five-month highs this session. Some of the gains were surrendered into the close, though. Buying was initially stirred by better-than-expected earnings from bellwethers Intel (INTC 19.24, -0.53) and JPMorgan Chase (JPM 39.84, -0.56). Though neither name actually advanced, their announcements were enough to add to the stock market’s recent momentum, which has seen the S&P 500 close higher for four straight sessions. JPM […]