For most of the day markets were flirting with high water marks for the year and then started retreating in late afternoon trading. The Dow still closed at its highest level since July of last year, while the NASDAQ inched closer to the 5,000 level. Energy stocks again led...
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...
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...
Even though the S&P 500 posted its biggest weekly gain of 2015 and the Dow was on pace to record its best week since February, industry insiders (CEOs & corporate directors and founders) were not buying. The big question is: why? Today's CNN-Money explained it this way:
"Typically, when the...
U.S. stocks were slightly higher in futures trading Wednesday morning, as investors prepared for a long day of data reports.
Oil prices started the morning lower after the American Petroleum Institute reported that weekly crude stocks rose by more than 12 million barrels. A separate report indicated that American consumers...
Cinco de Mayo or May 5th commemorates the Mexican Army's victory over French forces at the Battle of Puebla on May 5, 1862. However, there was no celebrating on Wall Street today as stocks finished with mixed results. Atlanta Fed President Dennis Lockhart told CNBC's "Closing Bell" that:
"He is...
With much of the northeastern United States bracing for a weekend blizzard, the stock markets managed to slow the recent "avalanche of losses" on the final trading day of the week. Stocks closed higher, posting the first positive week of the year. Adding to the market optimism was an 8%...
On a day when NJ Governor Chris Christie officially endorsed Donald Trump as the Republican Presidential nominee, markets struggled to gain any ground. The markets finished mixed on Friday but up for the week. There was continued concern about the solvency of Puerto Rico after the island's governor said...
Stocks wavered today following word from the European Central Bank that the ECB will take a number of steps to try and strengthen Europe's economy. Chief among them: Cutting its main interest rates and expanding its massive bond-buying program.
ECB president Mario Draghi said-
"The outlook for economic growth in the...
The Federal Reserve released its “Beige Book” on Wednesday, which reports on our nation’s current economic conditions. Their report was largely positive, causing a recovery among all three major U.S. market indexes.
The key findings in The Fed’s report were that businesses are offering higher wages to their employees, the...
