The first trading day in June was highlighted by a recovery in oil prices and an unexpected boost in manufacturing which led to modest gains on Wall Street.
However, bond behemoth Pimco stated in its latest projections today that the stimulus program undertaken by the U.S. Central Bank is "losing...
The Federal Open Market Committee has opted against raising the federal funds rate for July. As expected, the FOMC kept its overnight interest rate at 0.25 percent despite signs that the labor market has gotten stronger along with other signs indicating growth.
According to the Fed statement released today:
"Job gains...
Several key issues, including continued worry over the global economy had Wall Street investors running scared again today after the Federal Reserve released its minutes from last month's policy meeting in which they decided to raise interest rates. The minutes showed that some of the Board of Governors on...
Wall Street today gave back much of what it made over the first three days of the week thanks to disappointing earnings reports and poor performances from transportation & energy stocks. The Dow dropped below the 18,000 mark while oil settled $1 lower, or down 2.3% at $43.18 a...
The Federal Reserve released its most recent "Beige Book" today. The summary on current economic conditions by the Fed indicated that "economic activity has increased in most regions & consumer spending rose in most districts."
The business activity snapshot further complicates the Federal Open Market Committee's process of determining...
U.S. stocks were higher on Monday, as Wall Street finally saw its' 7-day losing streak finally come to an end.
Investors were encouraged by some news from Greece, where Euro Zone officials suggested banks could get their first infusion of cash shortly, even prior to passing a stress test from...
U.S. stocks moved higher in Monday trading, as the market attempted to recover from its worst week since mid-January.
It’s hard to believe that the first quarter of 2015 is almost over, but tomorrow will mark the end of March. As of the start of this week, the S&P is...
Tuesday, August 12
Markets started strong Monday, but stagnated over the day as what appeared to be good news on the geopolitical front turned increasingly neutral. Trading was particularly light as investors waited for greater clarity on a variety of geopolitical issues.
Early Monday, Russian President Putin announced his intention to...
U.S. stock prices were mixed on Monday, as investors searched for direction following another week of volatility.
Oil prices, currency values, and the latest Federal Reserve policy statement all played a role in leading the market to a week of 100+ point swings every day.
This week, data moves back into...
U.S. stocks finished relatively flat on Monday as investors faced the one-two punch of uncertainty in the weather forecast and in overseas markets.
The big story on Wall Street Monday was the impending blizzard scheduled to hit New York City overnight. As of this afternoon, Wall Street hoped to open...
