Stocks: Investors on strike

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U.S. stocks tiptoed higher early Thursday as uncertainty over the nation's fiscal policy trumped upbeat economic data and moves by global central banks. The Dow Jones industrial average edged up 0. 1%, the S&P 500 added 0. 2% and the Nasdaq advanced 0.4%. "Basically, the market is on strike," said Doug Roberts, chief market strategist for Channel Capital Research. Stocks have been stuck in a rut for weeks as investors have been unwilling to take risks before President Obama and lawmakers reach an agreement on tax hikes and spending cuts set to kick in automatically on Jan. 1. The fiscal stalemate in Washington overshadowed upbeat economic news and new stimulus policies by the Federal Reserve. Initial jobless claims fell more than expected during the latest week, while retail sales bounced back in November. Producer prices fell 0. 8% last month.
Keywords:
central banks U.S. stocks fiscal cliff finance ministers upbeat economic data global central banks higher early Thursday chief market strategist Channel Capital Research upbeat economic news Jones industrial average new stimulus policies global financial transactions Initial jobless claims share repurchase program bond buying program founder Richard Schulze 10-year U.S. Treasury broadband provider Clearwire House Speaker John Best Buy BBY eurozone finance ministers home furnishings retailer fiscal policy fiscal stalemate prices Producer prices U.S. dollars spending cuts so-called Bernanke Hovnanian HOV tax hikes quarterly dividend last-minute compromise Doug Roberts retail sales President Obama CVS Caremark low rates lower Wednesday Federal Reserve latest rhetoric electronics company investors Gold prices U.S. dollar oil prices White House American jobs unemployment ratePeople:
Doug Roberts
Overall Sentiment: -0.0650021
Relevance: 0.63707
| Sentiment | Quote |
|---|---|
| -0.0392677 | "Basically, the market is on strike," said Doug Roberts, ... |
| -0.215209 | "The so-called Bernanke put is in place," said Roberts. |
| -0.168804 | "The so-called Bernanke put is in place," said Roberts. "But for the market to rally, we need the fiscal cliff to be resolved, even if it's temporary." |
| Sentiment Stats: |
|
Bernanke
Overall Sentiment: -0.305714
Relevance: 0.464835
President Obama
Overall Sentiment: -0.337411
Relevance: 0.454428
House Speaker John Boehner
Overall Sentiment: -0.104764
Relevance: 0.422337
| Sentiment | Quote |
|---|---|
| -0.229767 | "The longer the White House slow walks this discussion, the closer our economy gets to the fiscal cliff and the more American jobs are placed in jeopardy," said House Speaker John Boehner ... |
| Sentiment Stats: |
|
Richard Schulze
Overall Sentiment: 0.0483112
Relevance: 0.422104
Hovnanian
Overall Sentiment: -0.0659128
Relevance: 0.408178
Key:
- Aggregate Sentiment is meant to be an indicator of an individual's overall sentiment.
- The Mean is meant to be an indicator of an individual's average comment sentiment.
- The Standard Deviation, when there are enough quotes, will indicate an individual's consistency of sentiment (i.e. a Standard Deviation of 0 would mean they were very consistent in their sentiment and 1 would mean they were very inconsistent).
Note that quote stats are likely to be meaningless beyond the aggregate score due to the tiny sample size. However, they are always provided just in case you find something useful there.
Additional Info:
FinancialMarketIndex: Dow Jones industrial average
Overall Sentiment: -0.242292
Relevance: 0.541928
FinancialMarketIndex: S&P 500
Overall Sentiment: -0.164288
Relevance: 0.507472
FinancialMarketIndex: Nasdaq
Overall Sentiment: 0
Relevance: 0.439306
FieldTerminology: finance ministers
Overall Sentiment: 0.12024
Relevance: 0.467812
FieldTerminology: electronics company
Overall Sentiment: 0.455457
Relevance: 0.462332
FieldTerminology: oil prices
Overall Sentiment: -0.127875
Relevance: 0.460541
FieldTerminology: retail sales
Overall Sentiment: -0.0991297
Relevance: 0.43727
FieldTerminology: Asian
Overall Sentiment: 0
Relevance: 0.376939
FieldTerminology: wireless broadband
Overall Sentiment: 0.10897
Relevance: 0.374488
Company: Sprint
Overall Sentiment: 0.318464
Relevance: 0.589955
Company: Best Buy
Overall Sentiment: 0.234742
Relevance: 0.423735
Company: Clearwire
Overall Sentiment: 0.0203123
Relevance: 0.420962
Company: HOV
Overall Sentiment: -0.110112
Relevance: 0.387659
Organization: Fed
Overall Sentiment: 0
Relevance: 0.572589
Organization: Federal Reserve
Overall Sentiment: 0.189706
Relevance: 0.451394
Organization: U.S. Treasury
Overall Sentiment: 0
Relevance: 0.447905
Organization: White House
Overall Sentiment: -0.49154
Relevance: 0.413441
Country: U.S.
Overall Sentiment: -0.130336
Relevance: 0.76784
Country: Japan
Overall Sentiment: 0
Relevance: 0.442437
Country: Greece
Overall Sentiment: 0.142281
Relevance: 0.393857
City: Washington
Overall Sentiment: -0.324836
Relevance: 0.465361
Continent: Europe
Overall Sentiment: 0.01724
Relevance: 0.428193
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