TheStreet Search RSS Feed: Andrea Tse

Stocks Finish With Mild Losses

Wed, 16 May 2012 17:04:15 EDT

NEW YORK (TheStreet) -- Stocks fell for the fourth straight session Wednesday as nagging worries about the political disarray in Greece and its future within the eurozone continued to weigh on sentiment.

The Dow Jones Industrial Average fell 33 points, or 0.3%, to finish at 12,598. The blue-chip index ran as high as 12,722 early in the session and closed just above its low for the day of 12,597.

Sharper-than-expected increases in housing and industrial production data had inspired buyers earlier in the session but the market lost steam in the afternoon, similar to the pattern on Tuesday when stocks saw a steady decline in the final hour of trading. The Dow has now closed in the negative for 10 of the past 11 sessions. ...

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Stock Futures Up as Housing Starts Rise

Wed, 16 May 2012 08:53:55 EDT

NEW YORK (TheStreet) -- U.S. stock futures were rebounding Wednesday after a better-than-expected housing starts report helped divert some of the market's attention away from troubles in the eurozone.

Futures for the Dow Jones Industrial Average were rising 63 points, or 70 points above fair value, at 12,668. Futures for the S&P 500 were up 7.8 points, or 7.8 points above fair value, at 1,336, and futures for the Nasdaq were ahead by 15 points, or 14.3 points above fair value, at 2,593.

On Tuesday, the major U.S. equity indices all finished at their worst levels in more than three months as Greece's ongoing uncertainty continued to damage sentiment. ...

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Stocks Succumb to Selling Pressure

Tue, 15 May 2012 17:16:37 EDT

NEW YORK (TheStreet) -- Stocks again finished in negative territory Tuesday as the failure of Greek political leaders to form a new government continued to damage sentiment.

There were reports late in the volatile session that Greek banks were seeing heavier than normal outflows.

The Dow Jones Industrial Average fell 63 points, or 0.5%, to finish at 12,632, its worst close since Jan. 31. The blue-chip index is now down in nine of the past 10 sessions and has lost more than 223 points, or 1.7%, in the past three days. ...

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Stock Futures Rally on Strong German GDP

Tue, 15 May 2012 08:52:36 EDT

NEW YORK (TheStreet) -- Stock futures held onto strong gains Tuesday as signs of economic strength in Germany helped ease some eurozone fears brought on by Greece's political stalemate.

Futures for the Dow Jones Industrial Average were rising 72 points, or 66.7 points above fair value, at 12,727. Futures for the S&P 500 were up 9.4 points, or 7.8 points above fair value, at 1,344, and futures for the Nasdaq were rising 22.8 points, or 21 points above fair value, at 2,608.

Stocks tumbled Monday as Greece's inability to break a political impasse fueled speculation the country may eventually have to leave the eurozone and destabilize the entire continent. ...

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Stocks Tripped Up by Greek Political Disarray

Mon, 14 May 2012 17:04:19 EDT

NEW YORK (TheStreet) -- Stocks tumbled Monday as Greece's inability to break a political impasse fueled speculation the country may eventually have to leave the eurozone.

Worries about the stability of the single-currency bloc were also being aggravated by Spain's financial health, the outcome of local elections in Germany, and weak regional economic data.

The Dow Jones Industrial Average dropped 125 points, or 1%, to close at 12,695. The blue-chip index ranged from 12,661 to 12,819 during the session. ...

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Stock Futures Plummet on Greece, Eurozone Concerns

Mon, 14 May 2012 09:05:45 EDT

NEW YORK (TheStreet) -- Stock futures were pointing to a steeply lower open Monday on growing doubts about Greece's ability to stay in the eurozone.

Worries about the stability of the eurozone were also being aggravated by Spain's financial health, the outcome of local elections in Germany, and weak economic data.

Futures for the Dow Jones Industrial Average were falling 105 points, or 101.6 points below fair value, at 12,683. Futures for the S&P 500 were down 13 points, or 13.6 points below fair value, at 1337, and futures for the Nasdaq were down 23 points, or 24.8 points below fair value, at 2588. ...

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Stocks Cap Down Week With Mixed Finish

Fri, 11 May 2012 17:49:47 EDT

NEW YORK (TheStreet) -- Stocks closed mixed Friday as the highest reading on consumer sentiment in more than four years limited the fallout from JPMorgan Chase's surprise $2 billion trading loss.

The performance capped a second consecutive week of losses for the major U.S. equity indices with trading driven by resurgent worries about Europe following transformational elections in France and Greece that cast doubt on region's ability to commit to austerity. There were also signs of growing cracks in the Spanish banking system.

The Dow Jones Industrial Average fell 34 points, or 0.27%, to close 12,820.60. The blue-chip index fell 1.7% for the week, and is now up 4.9% so far in 2012. ...

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Stock Futures Tumble on JPMorgan Loss

Fri, 11 May 2012 08:55:26 EDT

NEW YORK (TheStreet) -- Stock futures were retreating from the fallout of JPMorgan Chase's announcement that the bank's Chief Investment Office suffered a trading loss of $2 billion.

The loss took place in its synthetic credit portfolio, offset by a $1 billion securities gain, as a strategy to re-hedge its portfolio backfired.

Futures for the Dow Jones Industrial Average was falling 77 points, or 60 points below fair value, at 12,757. Futures for the S&P 500 was down 9.3 points, or 6.7 points below fair value, at 1348, and Futures for the Nasdaq was down 12 points, or 6 points below fair value, at 2607. ...

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Stocks Hang On to Snap Losing Streak

Thu, 10 May 2012 16:49:17 EDT

NEW YORK (TheStreet) -- Stocks finished mixed on Thursday with the Dow Jones Industrial Average and the S&P 500 booking modest gains, but the Nasdaq unable to overcome Cisco's deep decline.

Wall Street took a breather from the eurozone worries that have dented sentiment this week as Greece took steps to form a new government. The U.S. economic data also cooperated as weekly initial jobless claims held steady.

The Dow gained a mere 20 points, or 0.2%, to finish at 12,855. Still, the blue-chip index managed to snap a six-day losing streak, its longest since August 2011. Earlier in the session, the Dow traded as high as 12,932. ...

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Stock Futures Rise After Jobs Data

Thu, 10 May 2012 09:02:20 EDT

NEW YORK (TheStreet) -- Stock futures were ticking higher Thursday as the market cheered some better-than-expected U.S. economic data.

Futures for the Dow Jones Industrial Average were rising 54 points, or 56.9 points above fair value, at 12,849. Futures for the S&P 500 were up 10.6 points, or 10.3 points above fair value, at 1362, and futures for the Nasdaq were up 13.5 points, or 14.9 points above fair value, at 2633.

Stocks were driven lower Wednesday by persistent worries about the stability of Spain's banking system and Greece's future in the eurozone. ...

Dow Falls for Sixth Straight Session

Wed, 09 May 2012 17:14:05 EDT

NEW YORK (TheStreet) -- Stocks were driven lower again Wednesday by persistent worries about the stability of Spain's banking system and Greece's future in the eurozone.

The deepest losses came early in the volatile session but a rebound off the lows that allowed the Nasdaq to briefly break into positive territory ran out of steam. The bounce was fueled by indications that eurozone officials still plan to release Greece's next round of bailout money this week, a move that will alleviate some near-term pressure on the country while its government is still in transition following this weekend's elections.

The Dow Jones Industrial Average shed 97 points, or 0.7%, to close at 12,835, closing in the red for a sixth-straight session, its longest losing streak since August. ...

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Stock Futures Fall Amid Greece Uncertainty

Wed, 09 May 2012 08:42:22 EDT

NEW YORK (TheStreet) -- Stock futures were signaling a lower open Wednesday as investors remained deeply uncertain about Greece's future in the eurozone.

Futures for the Dow Jones Industrial Average were shedding 77 points, or 92.1 points below fair value, at 12,790. Futures for the S&P 500 were falling 9.5 points, or 11.1 points below fair value, at 1349, and futures for the Nasdaq were losing 19.5 points, or 23.3 points below fair value, at 2603.

U.S. stocks dropped Tuesday as political turmoil in Greece renewed concerns about the country's ability to meet the terms of its bailout and remain a member of the eurozone. ...

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Stock Futures Decline on Eurozone Fears

Tue, 08 May 2012 08:49:38 EDT

NEW YORK (TheStreet) -- Stock futures were sliding Tuesday as the political gridlock in Greece spooked investors.

Reports that Spain will bailout the country's third-largest bank by assets, Bankia, was also adding to ongoing uncertainty in the eurozone.

Futures for the Dow Jones Industrial Average were giving up 33 points, or 26.5 points below fair value, at 12,926. Futures for the S&P 500 were shedding 2.1 points, or 2.2 points below fair value, at 1364, and futures for the Nasdaq were losing 7.3 points, or 6.7 points below fair value, at 2629. ...

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Stocks Finish Mixed After European Elections

Mon, 07 May 2012 16:46:11 EDT

NEW YORK (TheStreet) -- Stocks barely budged Monday as Wall Street reacted with restraint to the shifting political landscape in Europe following weekend elections in France and Greece.

The subdued response implies that investor worries about efforts to instill austerity in the eurozone as well as long-term questions about the overall stability of the single-currency bloc were already priced in to a large extent.

The Dow Jones Industrial Average was down nearly 30 points, or 0.23%, to finish at 13,008.53. The blue-chip index sank as low as 12,970 earlier in the session. ...

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Stock Futures Fall After European Elections

Mon, 07 May 2012 08:53:27 EDT

NEW YORK (TheStreet) -- Stock futures were falling early Monday after the outcomes of elections in Greece and France over the weekend stoked fresh concerns about eurozone stability.

Futures for the Dow Jones Industrial Average were falling 39 points, or 64.3 points below fair value, at 12,918. Futures for the S&P 500 were down 4.1 points, or 7 points below fair value, at 1358, and futures for the Nasdaq were slumping 9.5 points, or 18.6 points below fair value, at 2616.

Wall Street sold off Friday after investors learned that the United States added only 115,000 jobs last month, the latest disappointing piece of data pointing to sluggishness in the economy. ...

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