Stephen Massocca

Type: Person

Name: Stephen Massocca

First reported May 09 2013 - Updated May 10 2013 - 2 reports

Standard & Poor's

S&P and Dow dip after string of record highs

Receive daily updates with our mid-morning newsletter THE S&P 500 broke a five-day string of record closing highs yesterday, ending a fairly volatile session lower as recent momentum lost steam and Apple shares declined.The Dow also broke its two-day ... [Published City A.M. - May 10 2013]

Entities: S&P 500, Standard & Poor's, Declination, Stephen Massocca

First reported May 09 2013 - Updated May 10 2013 - 1 reports

GLOBAL MARKETS-Dollar hits 100 yen, stocks slip after rally

* U.S. dollar climbs above 100 yen* Gold off 1 percent as U.S. jobless data, strong dollar weigh* S&P 500 snaps five-day winning streakBy Rodrigo CamposNEW YORK, May 9 (Reuters) - The U.S. dollar broke through 100 yen on Thursday, its highest level against ... [Published Reuters - May 09 2013]

Entities: United States, S&P 500, yield, US Dollar, Brent Crude Oil

First reported May 10 2013 - Updated May 10 2013 - 1 reports

SandP 500 slips, snaps five-day streak of record closes

The S&P 500 broke a five-day streak of record closing highs on Thursday, ending a fairly volatile session lower as the market's recent momentum faded and Apple's shares declined.The Dow also broke its two-day string of all-time closing highs, but still ... [Published Financial Express - May 10 2013]

Entities: S&P 500, Stephen Massocca, Declination

First reported May 09 2013 - Updated May 09 2013 - 1 reports

Tesla Motors Inc

US STOCKS-S&P 500 ends down, breaks string of record closes

* Jobless claims unexpectedly fall in latest week* Barnes & Noble leaps after TechCrunch reports Microsoft interest* Tesla Motors surges after results* Dow off 0.2 pct; S&P down 0.4 pct; Nasdaq off 0.1 pctBy Caroline ValetkevitchNEW YORK, May 9 (Reuters) ... [Published Reuters - May 09 2013]

Entities: S&P 500, Declination, Tesla Motors Inc, Barnes & Noble Inc, Stocks

First reported Apr 17 2013 - Updated Apr 18 2013 - 2 reports

Growth concerns hit global shares

World equity markets and commodities fell on Wednesday as global growth concerns dented investor sentiment yet again and disappointing earnings reports weighed on Wall Street stocks.Copper, considered a barometer for manufacturing and China-related growth, ... [Published Brisbane Times - Apr 17 2013]

Entities: Stephen Massocca, Commodities, Brent Crude Oil, Index

Quotes

"this market is so stretched to the upside that if we get some little wiggle somewhere, i can easily see us getting back down to 1,580" on the S&P 500, said Stephen Massocca, managing director of Wedbush Equity Management LLC in San Francisco

SandP 500 slips, snaps five-day streak of record closes [Published Financial Express - May 10 2013]

"It's hard to put your finger on one particular negative thing that's driving this," Massocca said. "i don't think this is going to get worse than this. it was a long overdue cleansing of what had been complacency in terms of what the market was doing."

Growth concerns hit global shares [Published Brisbane Times - Apr 17 2013]