A combination of falling oil prices and continued suggestions by Fed presidents that the Federal Open Market Committee (FOMC) may raise interest rates sooner rather than later caused markets to suffer some losses today. The President of the St. Louis Fed James Bullard was the most recent Fed president...
At the start of what will be a shortened trading week, due to markets being closed this Friday for Good Friday observances, Wall Street made some small gains. Stocks are currently riding a 5 week win streak as both the Dow Jones industrial average and S&P 500 have moved...
The market ended the week on a high note as both the the Dow and S&P 500 moved into positive territory for the year, marking the 5th straight week of gains. Quincy Krosby, market strategist at Prudential Financial told CNBC:
"Traders, investors are looking at a calm backdrop for markets....
Oil prices surged and so did the stock market as the Dow Jones Industrial average rose into positive territory for the first time in 2016. FedEx, Goldman Sachs and Boeing were among the big winners, while oil closed above $40 a barrel for the first time since December 3,...
The big news of the day: The Federal Reserve decided to maintain the status quo on interest rates. Following its 2 day, closed door policy meeting, Fed Chair Janet Yellen announced that the Fed had pulled back on its prediction of 4 rate hikes this year, and instead believes...
The "Ides of March" did not bode well for Julius Caesar, and as for the stock market today- March 15th was fairly uneventful ahead of tomorrow's statement from the Fed. The Federal Reserve began its two-day policy meeting today and speculation is that the F.O.M.C will leave short-term interest...
On the first trading day of the week came a report from investment banking giant Morgan-Stanley that it has increased it's probability that a recession will hit the global economy within the next year from 20 percent to 30 percent. Read more from CNBC here.
Among Morgan-Stanley's list of chief...
A gradual increase in the price of oil over the past 4 weeks has helped the stock market pick-up some decent gains. U.S. crude oil settled up 66 cents, or 1.74 percent, at $38.50 a barrel. Oil is now up 10% in a month. Another report says that the...
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 markets spent much of the day treading water with tomorrow's meeting of the European Central Bank (ECB) looming. The President of the E.C.B- Mario Draghi could possibly announce another round 0f stimulus measures, which could include more asset purchases and maybe another cut to the already negative interest...
