As the U.S. stock market opened Tuesday trying to avoid another day in the red, a new obstacle appeared overseas.
The Russian ruble continued to tumble Tuesday morning, following its worst session in 15 years Monday. Even a late-night action by the Central Bank of Russia (CBR) to raise interest...
The continued fall of oil prices was the big story on the markets this week. It was Wall Street’s worst week of 2014, and the Dow’s worst week in three years, as it dropped 683 points!! Lower gasoline prices may be keeping more money in your pockets, but oil...
In recent days, the buzzword on the markets has been volatility. After today, there’s no getting around the truth—the market is in the midst of a full-fledged selloff.
It was an historic day for all the wrong reasons.
Wednesday Closing Bell
Dow Jones Industrial Average: 16,141.74 (-173.45)
S&P 500: 1862.49 (-15.21)
NASDAQ: 4215.32 (-11.85)
Among the lowlights:
The NASDAQ...
It’s out of the frying pan and into the fire for Wall Street today.
After limping away from the last days of September, stocks took another big hit today as the Dow fell over 240 points and the S&P dipped another 1.3%. As of 2:00 p.m. today, the losses on...
At the beginning of the month, former House Majority Leader Eric Cantor took a lucrative new role at Moelis & Co., a New York-based investment bank. The move, announced the day after Labor Day, seemed hasty—only two weeks after Cantor’s resignation from Congress. Suggestions abounded that the hope was...
The positive feelings on Wall Street were wiped out in a mere hour this morning, as stock prices tumbled in the wake of a double-dip of bad news.
At one point, the Dow was down 130 points for the day. Prices made some recovery before the close of business, but...
Tuesday, August 12
Markets started strong Monday, but stagnated over the day as what appeared to be good news on the geopolitical front turned increasingly neutral. Trading was particularly light as investors waited for greater clarity on a variety of geopolitical issues.
Early Monday, Russian President Putin announced his intention to...
Monday, August 11
While Friday was seen as a victory for Wall Street, the higher close highlighted the day-to-day volatility of the market.
Despite the widespread reports of an ongoing bull market, Friday’s rally was needed to push the Dow Jones average just barely into the black for 2014. Overall, the...
Friday, August 8th
As tensions rise in the Middle East and continue in Ukraine, Wall Street responded with drops across the board Thursday. Friday’s outlook is even bleaker.
Following a report that Russian troops had mobilized along the Ukrainian border, stock prices began dropping Wednesday and continued their downward momentum Thursday....
One of the cardinal rules mutual fund investors follow is the avoidance of ‘load’ fees—essentially, the sales charge associated with joining a fund. Unfortunately, that leads these investors into perhaps a bigger mistake.
That’s because they’re overlooking two more fees funds assess. One is covered in the prospectus, but the...
