The first day of the last trading week of April signaled another bad day for financial stocks as the industry remains the worst performer of 2016. Goldman Sachs contributed to most to declines. Wall Street Dick Bove, vice president of equity research at Rafferty Capital Markets said today about...
It was a relatively quiet end to the week on Wall Street which marked the calm before the storm in terms of next weeks Fed meeting. The Federal Open Market Committee is not expected to raise interest rates after their gathering next Tuesday & Wednesday, but investors will be...
Wall Street today gave back much of what it made over the first three days of the week thanks to disappointing earnings reports and poor performances from transportation & energy stocks. The Dow dropped below the 18,000 mark while oil settled $1 lower, or down 2.3% at $43.18 a...
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...
The Dow topped the 18,000 for the first time since July, 2015 as it closed up over 106 points today. Oil prices were down 58 cents, or 1.4 percent, at $39.78 a barrel. Crude fell more than 6.5 percent overnight after oil producers meeting in Doha, Qatar yesterday failed...
Usually April 15th is the day when tax filings are due to the Internal Revenue Service, but because today is "Emancipation Day" Americans have a reprieve until this Monday, April 18th to file their Federal and State tax returns.
The IRS is observing a holiday that is usually only observed...
Stocks eked out some meager gains today but much of the focus was on a report from federal regulators that says five of the biggest banks in the U.S. have inadequate plans in case of failure, potentially leaving them unable to cope with financial distress without another taxpayer bailout....
Markets were up today as JP Morgan's earnings beat Wall Street's predictions and an overseas rally in China followed some encouraging trade data. The Dow closed at a 5 month high and financial stocks led the way.
Terry Sandven, chief equity strategist at U.S. Bank Wealth Management explained today's rally...
An increase in the price of oil and strong showings within the financial industry gave stocks a boost today. The Dow Jones industrial average added more than 160 points with Chevron and Goldman Sachs leading the Dow. Oill rose 4.5% closing at $42 per barrel (a 2016 high) following...
Today marked the start of earnings season as major corporations began reporting their 1st quarter-2016 profits. Many analysts are expecting a disappointing first quarter. Today's Wall Street Journal explained why "Earnings Season" will be as bad as Wall Street expects. Read the story here.
According to a report on CNBC one...
