The S&P 500 index has managed to stay above the critical 1,200-level, which is giving investors hope that stocks may see “another leg up,” according to Art Cashin, director of floor operations at UBS Financial Services.
The S&P is approaching an important level and, if it holds, stocks could be propelled higher, said Art Cashin, director of floor operations at UBS Financial Services.
Stocks are at “critical levels,” and if we continue to break through the current levels we could be in for further selling, said Art Cashin, director of floor operations at UBS Financial Services.
Markets have been “shrugging off” all the recent geopolitical events, said Art Cashin, director of floor operations at UBS Financial Services.
After its recent rally, the market is currently taking a rest, said Art Cashin, director of floor operations at UBS Financial Services.
Stocks advanced at the open Thursday, then turning mixed, after weekly jobless claims fell more than expected. Art Cashin, director of floor operations at UBS Financial Services, shared his market outlook.
Stocks fell Tuesday as fear of contagion from the European debt crisis continued to rattle investors. Art Cashin, director of floor operations at UBS Financial Services, shared his market outlook.
Stocks slid Wednesday, despite news of an unexpected drop in US jobless claims and a narrowing of the trade deficit. Art Cashin, director of floor operations at UBS Financial Services, shared his outlook.
Stocks fluctuated Friday after a report on economic growth did little to reassure investors about the health of the economy, but also reinforced expectations the Federal Reserve will act to stimulate the economy as early as next week. Art Cashin, director of floor operations at UBS Financial Services shared his market outlook.
The dollar index hit the year's low Thursday on expectations the Fed will again print money next month, also known as quantitative easing (QE). Art Cashin, director of floor operations at UBS Financial Services, shared his insights.
Stocks opened lower Monday, then turned mixed, ahead of a week filled with earnings reports and economic news—including the big government employment data release on Friday. Art Cashin, director of floor operations at UBS Financial Services, shared his insights.
Standard & Poor's and Fitch warned they may cut Ireland's credit rating again due to the rising cost of recapitalizing nationalized Anglo Irish Bank, pushing Dublin's borrowing costs to fresh peaks. Art Cashin, director of floor operations at UBS Financial Services shared his insights.
Stocks surged Friday after a boost in durable goods orders—and despite news that home sales had their second-worst month on record in August. Art Cashin, director of floor operations at UBS Financial Services, discussed his market outlook.
Stocks opened slightly lower Tuesday, after the S&P 500 broke through the crucial 1,130 barrier in the previous session—capping the index's highs since mid-May. What’s ahead for stocks? Art Cashin, director of floor operations at UBS Financial Services, discussed his insights.
Stocks opened higher Monday as investors awaited President Obama's comments on the economy and the Federal Reserve's policy meeting on Tuesday. Will stocks see a fourth week of gains? Art Cashin, director of floor operations at UBS financial services discussed his outlook.
Stocks opened higher Friday after news that core consumer prices were holding steady—then turned mixed after a weak consumer confidence number. Will the bulls manage a breakout? Art Cashin, director of floor operations at UBS Financial Services, shared his insights.
Stocks opened modestly lower Tuesday despite a surprising gain in retail sales. Stocks then rose, but weakly; so is the market rally over? Art Cashin, director of floor operations at UBS Financial Services, shared his insights.