U.S. stocks were higher on Wednesday, as the market attempted to recover from another damaging setback yesterday.
For most of Tuesday, the market appeared poised to recover a large amount of Monday’s losses, only to make a 180-degree turn in late trading and finish the day down about 1% across...
U.S. stocks were higher again Thursday, as oil prices staged a rally from near 7-year lows earlier this week.
Oil prices jumped more than 10% to $42.52 per barrel—up from the week’s low point of $38.95 per barrel.
Investors were encouraged by the first positive day in some time on the...
After a horrendous August, September (Wall Street’s worst month historically) comes in like a bear. U.S. stocks plummeted Tuesday as fears about China and oil prices caused significant drops across all three major U.S. indexes yesterday. Dropping 3%, it marked the third largest daily decline for 2015.
Two separate reports...
The Federal Reserve released its “Beige Book” on Wednesday, which reports on our nation’s current economic conditions. Their report was largely positive, causing a recovery among all three major U.S. market indexes.
The key findings in The Fed’s report were that businesses are offering higher wages to their employees, the...
All eyes were focused on Europe early Thursday, as President of The European Central Bank Mario Draghi announced he would add 1.2 trillion dollars to the over 66 billion dollar quantitative easing program that was already in place. Draghi cited turmoil in China and slow global growth as his...
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...
The Consumer Sentiment Index is measured each month by The University of Michigan, and rates the optimism consumers have on the U.S. Economy. For the month of September, consumer sentiment came in at 85.7, well below the expectations of 91.2.
Oil prices dropped more than 3.5% in the morning following...
Today marked the start of the Federal Reserve's two-day meeting to decide whether or not to raise interest rates. The debate on what should be done marches on and Wall Street is divided. It seems nobody wants to make any big moves until the final announcement is made Thursday afternoon.
Asians...
After much anticipation The Federal Open Market Committee has announced it will not raise interest rates this month. Fed Chair Janet Yellen stated at a press conference that their decision to keep interest rates where they are was based on instability in foreign markets, especially China, and that the...
Janet Yellen has spoken. The Federal Reserve announced Thursday that they will not raise the key interest rate in September. Many investors speculated that a raise in interest rates wouldn't bode well for the stock market. It seems that the stock market was doomed either way, as the Dow...
