Stocks showed modest gains today as the market extended its winning streak to 3 in a row. The Dow closed above 18,000 for the first time since April. The string of positive gains on Wall Street has come as a bit of a surprise to Peter Boockvar, chief market...
Entering the final trading day of the week, the Dow had risen over 400 points during the three days prior, but today the winning streak ended. Stocks finished down across the board following the release of the May jobs report. There had been a great deal of discussion recently...
Despite rallying late in the day and finishing with some small gains, stocks suffered their worst week since February thanks to persistent worry over the strength of the global economy and the continued rise of the Yen against the U.S. dollar.
Stephen Freedman, senior investment strategist at UBS Wealth Management...
A better than expected July jobs report helped vault the markets into higher territory today. The U.S. economy added 255,000 jobs in July, well above the expected 180,000. The unemployment rate remained unchanged at 4.9% but today's unemployment report sent stocks on major upswing with the S&P 500 &...
U.S. stocks tumbled again Friday, creating a sour finish to what’s been an ugly month on Wall Street.
Both the Dow and S&P are down at least 2% in this first month of 2015, as continued volatility and fear over dropping oil prices have ruled the markets in January. Even...
Wall Street has plenty to be thankful for this Thanksgiving. Stocks continue to break records, even as the recent rally slows considerably. On Monday, the S&P 500 broke its all-time high for the 43rd time in 2014.
But Tuesday morning’s economic reports cast a cloud over the market. The good...
It was a winning week for the Dow, though you’d never know it from the news on Wall Street. This week was dominated by concerns over China’s currency devaluation, which many saw as the first sign of an impending “currency war.” Oil prices also hit their lowest levels since...
Last week, the Federal Reserve announced the end of the third leg of quantitative easing, or QE3.
QE3 lasted for over two years, with the Fed buying between $40 billion to $85 billion in mortgage-backed securities each month. This number was tapered to $25 billion in August.
The greatest ‘side effect’,...
This was the worst week for the Dow Jones Industrial average in over a month as its 4 weeks winning streak ended. For the week the Dow lost 143 points. The latest readings on American Gross Domestic Product for the 2nd quarter of 2016 show the GDP fell below...
Stocks suffered a mid-week drop in part, due to a decline in energy stocks and increased confidence in the possibility of a December rate hike by the Federal Reserve. Fed Chair Janet Yellen said this morning that the U.S. economy is performing well and a December rate hike is...
