The first trading day in June was highlighted by a recovery in oil prices and an unexpected boost in manufacturing which led to modest gains on Wall Street.
However, bond behemoth Pimco stated in its latest projections today that the stimulus program undertaken by the U.S. Central Bank is "losing...
It was a mixed day on Wall Street but perhaps more alarming was a report by world renowned French bank- Societe Generale. The bank released its quarterly report that included concerns about the possibility of so-called "black swan" events that could harshly disrupt global economies.
“Risks to the world economy...
On the final day of the trading week before the long, Memorial Day holiday weekend, most eyes were once again on Fed Chair Janet Yellen. Yellen participated in a "conversation" about interest rates at Harvard University with Gregory Mankiw, an economics professor. She was one of the featured speakers...
A new survey released today by the American Association of Individual Investors shows less than 18% of everyday American investors are interested in investing on the stock market. That represents the basement level of support for stocks since April 2005 and drastically lower from l2014 when 58% of individual...
Wednesday was a good day for the Dow as the index finished up triple digits. Goldman Sachs and IBM contributed the most to gains. Oil also closed at a 2016 high, rising above $49 per barrel. Energy, materials and financials traded more than 1 percent higher.
It's been the best...
It was a good day for new homes sales and that had a positive effect on the market. The Dow finished up triple digits and the NASDAQ closed up 2% as the financial and tech sectors had good days too. New home sales jumped over 16.5% as Toll Bros....
After a volatile past couple of days, markets tried to salvage a win on the last trading day of the week. Financial stocks were among the issues that advanced as the major averages attempted to recoup some of the losses for the week after falling amid renewed concerns of...
Despite surprisingly strong retail sales figures from Walmart & The Gap today , the markets suffered across the board losses. It comes on the one year anniversary of the Dow's last record high: (May 19, 2015- 18,312)
History says the stock market is not likely to hit a new record...
The market volatility from the last two days continued on Wall Street with the release of the latest minutes from the U.S. central bank's April policy meeting. After being up by 100 points midday, the Dow quickly dropped into red figures following the release of the Fed's April minutes.
According...
There's an old adage that aptly applies to Wall Street these last two days:
"The market taketh and the market givith away!"
Yesterday the markets gained 1%- Today they lost 1% as the S&P 500 has now given back all of its "year to date" gains with its worst day since...
