The market displayed some explosive volatility today and eventually continued its downward slide from last Friday. At one point the Dow Jones Industrial Average was down over 400 points before recovering half the losses.. The major concern today was worries over global growth. Kate Warne, investment strategist at Edward...
Stocks closed down again today on the final trading day of the week and a headline on CNBC today got a lot of people's attention.
"World economy seems trapped in 'death spiral."-according to Citigroup
According to CNBC:
Some analysts — including those at Citi — have turned bearish on the world economy...
Volatility has become such a regular, daily occurrence on Wall Street that when stocks don't really do much of anything, the "lack of market instability" becomes the story of the day. That was pretty much the case today although the one issue that could be counted on was the...
Almost every person enjoyed playing on a see-saw as a child. The constant up & down was a thrilling ride for a kid but as an adult the excitement of a see-saw diminishes, especially if that back & forth motion represents the price of a barrel of oil and...
On this Groundhog Day, Punxsutawney Phil did not see his shadow thus signaling an early spring. Unfortunately, neither the groundhog nor investors saw any positive news on the markets either, which signaled another down day on Wall Street. If the groundhog were an investor, he would have scurried back...
Investors are no doubt thrilled that the month of January is over, thanks to substantial markets losses on Wall Street. In the opening month of 2016 the Dow dropped -5.50% , the Nasdaq fell -7.86% last month (its worse January since 2008) and the S&P 500 fell -5.07% for...
Markets finished in positive territory for the week after the Bank of Japan today surprisingly introduced a negative interest rate. The benchmark rate of -0.1% means that “commercial banks" in Japan will be charged by the central bank for some deposits as the Bank of Japan starts charging them...
The week's volatility continued on Wall Street but markets finished up today, buoyed by a dramatic rise in the price of Facebook stock & and an increase in the cost of oil. U.S. crude oil futures settled above $33 a barrel. Facebook stock leaped 15.5% and Amazon gained 8.9%...
At the midway point of the final trading week of January, U.S. stocks plummeted again following the release of a statement from the Federal Reserve declaring that the Board of Governors had decided to leave short term interest rates unchanged. The central bank said after its two day policy...
Stock and oil prices rebounded in volatile trading on Tuesday, leading to gains in all of the indices. OPEC and Russian oil industry officials continued discussing a possible partnership to reduce the world's oil glut. Meanwhile the U.S. central bank is expected to leave interest rates unchanged after its...
