As was expected The Federal Open Market Committee today approved a quarter-point increase in its target funds rate. The new target will go from 0 percent to 0.25 percent to 0.25 percent to 0.5 percent. The Federal Funds Rate has remained at zero for the last 7 years to...
On the day prior to the start of the Federal Open Market Committee's two day series of meetings to decide whether to raise interest rates, stocks saw gains across the board. The rise was helped in part by the stabilization of the price of oil which settled up $1.04,...
It was the start of a monumentally important week on Wall Street as the Fed will consider whether to raise interest rates midweek. It is widely expected that after the Federal Reserve's Open Market Committee's two day meeting on Wednesday, the Fed will decide to raise interest rates by...
The continued free-fall in the price of oil sent stocks into a downward spiral today. A 3% decline in energy issues led to to losses across the board-the 4th down day of 5 this week. The Dow fell over 309 points, while the NASDAQ dipped below 5,000. Oil closed...
For the first time this week, Wall Street finished in the black as the markets broke a three day losing streak.
Adam Sarhan, CEO of Sarhan Capital told CNBC:
"In general, when you step back, we're still range-bound," he said. The major averages have closed lower for five out of the...
Wall Street's losing streak continued for a 3rd consecutive day as the week remained in the red. The S&P 500 dropped into negative territory for the year, while the Dow has now lost over 353 points this week alone. The NASDAQ is down nearly 119 points so far this...
With just one week to go before the Federal Reserve is expected to raise interest rates for the 1st time since June of 2006s, global stocks faced another down day today as the price of oil dropped again and metals lagged. The Dow finished down over 161 points.
According a...
The first day of the trading week on Wall Street was covered in red as all three of the major indices took a hit. The energy sector was the biggest loser with oil down $2.32 to $37.65 a barrel, the lowest level since February 2009- A seven year low....
Comments by European Central Bank (ECB) President Mario Draghi and a solid jobs report boosted investors' confidence as stocks rose 2% across the board today. The Dow added almost 370 points while the NASDAQ was up by over 104 points.
ECB chief Mario Draghi told the Economic Club of New...
Any ideas of a pre- "Santa Claus" rally on Wall Street faded very quickly today as stocks suffered heavy losses, while investors continue to ponder "if and when" the Fed will raise interest rates possibly next month. At one point today the Dow was down 300 points while the...
