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...
The Federal Open Market Committee (FOMC) concluded its two day series of meetings with a decision not to raise interest rates. Wall Street's major averages extended gains as the close approached, more than recovering from a brief dip into negative territory after the release of the Fed statement. The...
As word leaked out late yesterday afternoon that the Federal Reserve will be requiring U.S. banks to consider the idea of how they theoretically could handle a "negative interest rate" scenario, Fed Chair Janet Yellen told a congressional hearing today that "the central bank has not completely researched whether...
Amid a whirlwind of global activity, including the shoot-down of a Russian fighter jet by the Turkish military, Wall Street made some modest advances today thanks to gains in oil prices and energy stocks. Chris Faulkner-MacDonagh, market strategist at Standard Life Investments commented on today's event near the Turkish-Syrian...
U.S. stocks were higher Tuesday, as investors turned away from concerns over the Greek credit crisis and looked toward tomorrow’s Fed meeting minutes.
The Dow regained much of its’ 107-point loss from Monday, as European equities stabilized amidst the ongoing controversy over Greece’s bailout conditions. The Greeks have a 1.7...
U.S. stocks were lower Monday, beginning a week that follows new record highs on the S&P 500 and NASDAQ indices.
The S&P moved up slightly Friday to eclipse its all-time record high by fractions of a point, while the NASDAQ soared past its previous high attained in March 2000.
This week...
Wall Street suffered losses across the board as oil prices dropped and more Federal Reserve Bank presidents suggested the Fed might raise interest rates next month. The price of a of crude oil plummeted to $41.75 per barrel, falling 2.8%. San Francisco Federal Reserve President John Williams said...
U.S. stocks slid early on Friday, as investors returned their focus to energy prices.
Oil was down more than 1% in early trading, as word emerged of the passing of Saudi Arabia’s King Abdullah. No change in policy is expected, but uncertainty was enough to fuel concern on an already...
Wall Street finished down yet again on Wednesday, as poor earnings figures compounded the worst retail sales number in a year.
Earnings season is in full swing. The first taste of bad news came in the form of JP Morgan Chase reported a 6.6% drop in quarterly profits. This difference...
The Federal Reserve Bank could be raising interest rates sooner than you think. Around 8:30am Friday morning The Fed’s Jobs Report was released, and the news was mixed. This report has been touted as a key piece of data The Fed will use in deciding whether or not to...
