U.S. stocks were mixed Thursday, as investors digested numerous data reports and the slide in oil prices continued.
Oil prices tumbled yet again, this time to $42.17 per barrel. Each decline is setting a new six-year low at this point—meaning oil prices haven’t seen levels this cheap since 2009.
Weekly jobless...
January 2016 will be a month that most investors will want to forget. So far this year The Dow is down -8.25%; the NASDAQ is off -10.36% and the S&P 500 has dropped -8% in just the first three trading weeks of 2016. Today's figures did not improve on...
U.S. stock futures stayed relatively level Tuesday as investors continued to digest news from the Euro zone, where the end of Greece’s bailout program continues to loom large.
Talks broke off abruptly Monday between Greek officials and representatives from other Euro Zone nations. An official from Greece Prime Minister Alexis...
U.S. stock futures were mostly flat on Thursday, the day after the minutes from the most recent meeting of the Federal Open Market Committee all but confirmed an interest rate hike before the end of 2015.
While only a few policymakers support a rate hike as soon as June, the...
U.S. stocks were higher on Thursday, as markets attempted to recover from early setbacks in the Euro Zone.
The European Central Bank (ECB) revoked a previous policy that allowed banks to use Greek government debt as collateral for loans. This had a significant impact because many banks are invested in...
U.S. stocks were down dramatically Monday, as investors braced for an historically bad day on Wall Street.
The Dow was down over 850 points within minutes of the opening bell. NASDAQ was down 370, with the S&P 500 down close to triple digits. All three major indices are sharply into...
The first trading week on Wall St. continued to be one that investors will soon want to forget. Once again all of the major indices suffered big losses, thanks to the continuing devaluation of China's currency. Reuters reported that-
"China's central bank is under increasing pressure from policy advisors to...
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...
"I just think people are bottom-fishing here" -James Meyer, chief investment officer at Tower Bridge Advisors
And thus was one investor's opinion of what happened on Wall Street on Tuesday. Markets experienced a 2nd straight day of gains as the S&P added 1%, oil stabilized and Caterpillar (one...
On the last trading day of the week, Wall Street finished on a down note with all three major U.S. indices suffering substantial losses.
The main culprits:
Worry over the "Brexit" vote
Drop in price of oil
Lag in financial stocks
In reference to a forthcoming "Brexit" vote later this month in Britain, (whether...
