The Federal Open Market Committee has opted against raising the federal funds rate for July. As expected, the FOMC kept its overnight interest rate at 0.25 percent despite signs that the labor market has gotten stronger along with other signs indicating growth.
According to the Fed statement released today:
"Job gains...
After a four week winning streak the markets are now down in each of the first two sessions of the week after a mixed today Tuesday. Dow components led decliners with telecom issues and McDonalds leading the slide. The fast food giant fell 4.5% after reporting lower than expected...
Coinciding with the start of the DNC in Philadelphia, stocks kicked off the week on a down note as oil prices slid. The price of a barrel of oil closed at its lowest level since April 25th over worries over a global "over-supply." U.S. crude settled down $1.06, or...
The Dow's nine day winning streak ended today as did its record of seven consecutive days of record highs. The blue chip index was down over 120 points at one point before finally closing down nearly 80 points. The price of oil fell over 2% to under $45/barrel. Gold...
The S&P 500 and Dow Jones Industrial average have dominated the news over the past several weeks because of volatile fluctuations in both indices since the U.K. Brexit vote, but today the NASDAQ took some of the stock headlines after posting a gain of over one percent. The Dow...
Markets are still at record highs (with the Dow hitting it's 6th day of record closes) but a report today showed that there is more cash out of equities & on the sidelines than there has been in nearly 15 years. Fund managers have gotten spooked since the Brexit...
Another up day on Wall Street to start the new trading week. Despite signals to the contrary, the market continues to baffle many experts who do not believe the bulls should be running. Wall Street is on it's way to three straight weeks of gains as the Dow and...
After several bullish days of new record highs for the Dow and S&P 500, markets retreated somewhat today to catch their collective breaths with earnings reports filtering out. Wells Fargo reported results as expected, but Citigroup reported results that beat analysts' expectations. Yesterday, JPMorgan Chase beat estimates and BlackRock...
The Dow Jones Industrial average and S&P 500 are currently riding session highs, having set new records in each of the past three trading days. However, Larry Fink, chairman and CEO of BlackRock, the world's largest asset manager told CNBC's Squawk Box that there is NOT enough evidence to...
Two and a half weeks ago the world markets were shaken by a decision from a majority of voters in the United Kingdom to leave the European Union. Now the UK and much of the rest of the world (including the U.S.) at least for the time being, seem...
