After experiencing the first positive week of the year last week, the markets opened the first session of the new week today on an up note. The good day on Wall Street was led by the Dow, which at one point was up over 250 points. Shares of United...
The last trading day of the week marked a mixed day on Wall Street but for the first time this year volatility was not a major concern, as the market had it's fist positive week of the year. All U.S. markets were up between 2.5% and 3.8% this...
Wall Street's three day winning streak came to an abrupt end today as corporate earnings helped drag down the major averages. Wal-Mart and Goldman Sachs were among the heaviest drags on the Dow. At one point during today's session Wal-Mart stock was down over 5%. The retail giant reported...
Markets extended their winning streak to 3 days in a row after all major indices advanced today. It's the biggest 3 day gain for stocks since the end of last summer. The Dow inched into positive territory for February for the first time following the release of the latest...
Despite the Dow Jones Industrial Average being down over 8 percent-year to date; the NASDAQ down over 13 percent so far this year and the S&P 500 down over 8 1/2 percent, Americans are spending money on retail goods. Consumer discretionary spending gained more than 2 percent to lead...
Markets were closed on this President's Day but the day was highlighted by an ominous report entitled: "The smell of default" from analysts at German firm Deutsche Bank that emphasized- "only the Fed can save stocks now."
The report stated:
"Without policy intervention, there is more downside risk for equities. To...
On the last day of trading for the week oil had its best day since 2009, ending a 5 day losing streak on Wall Street. The price of a barrel of oil soared over %12 percent as stocks experienced gains across the board. The financial and banking sector gained...
Words like "recession" & "sell-off" were no-doubt muttered around the trading floors on Wall Street today as the markets experienced huge losses in the beginning of the day due to a massive global sell-off and falling oil prices. The Dow Jones industrial average briefly fell 400 points in afternoon trading,...
As word leaked out late yesterday afternoon that the Federal Reserve will be requiring U.S. banks to consider the idea of how they theoretically could handle a "negative interest rate" scenario, Fed Chair Janet Yellen told a congressional hearing today that "the central bank has not completely researched whether...
CNBC reported late today that the Fed is telling banks to prepare for the possibility of negative interest rates.
"For the first time ever, the governing agency and U.S. central bank is requiring banks to include, in a round of stress tests commencing this year, to prepare for the possibility...
