Led by a 4.2% rise in the price of oil the markets finished with modest gains today. The cost of oil jumped $1.18 to close at $29.53. Oil continued to hold near lows not seen since 2003. Weekly oil inventories showed a build in crude oil stocks and U.S....
With much of the northeastern United States bracing for a weekend blizzard, the stock markets managed to slow the recent "avalanche of losses" on the final trading day of the week. Stocks closed higher, posting the first positive week of the year. Adding to the market optimism was an 8%...
January 2016 will be a month that most investors will want to forget. So far this year The Dow is down -8.25%; the NASDAQ is off -10.36% and the S&P 500 has dropped -8% in just the first three trading weeks of 2016. Today's figures did not improve on...
Stock and oil prices rebounded in volatile trading on Tuesday, leading to gains in all of the indices. OPEC and Russian oil industry officials continued discussing a possible partnership to reduce the world's oil glut. Meanwhile the U.S. central bank is expected to leave interest rates unchanged after its...
At the midway point of the final trading week of January, U.S. stocks plummeted again following the release of a statement from the Federal Reserve declaring that the Board of Governors had decided to leave short term interest rates unchanged. The central bank said after its two day policy...
The week's volatility continued on Wall Street but markets finished up today, buoyed by a dramatic rise in the price of Facebook stock & and an increase in the cost of oil. U.S. crude oil futures settled above $33 a barrel. Facebook stock leaped 15.5% and Amazon gained 8.9%...
Markets finished in positive territory for the week after the Bank of Japan today surprisingly introduced a negative interest rate. The benchmark rate of -0.1% means that “commercial banks" in Japan will be charged by the central bank for some deposits as the Bank of Japan starts charging them...
Investors are no doubt thrilled that the month of January is over, thanks to substantial markets losses on Wall Street. In the opening month of 2016 the Dow dropped -5.50% , the Nasdaq fell -7.86% last month (its worse January since 2008) and the S&P 500 fell -5.07% for...
On this Groundhog Day, Punxsutawney Phil did not see his shadow thus signaling an early spring. Unfortunately, neither the groundhog nor investors saw any positive news on the markets either, which signaled another down day on Wall Street. If the groundhog were an investor, he would have scurried back...
Almost every person enjoyed playing on a see-saw as a child. The constant up & down was a thrilling ride for a kid but as an adult the excitement of a see-saw diminishes, especially if that back & forth motion represents the price of a barrel of oil and...
