Volatility has become such a regular, daily occurrence on Wall Street that when stocks don't really do much of anything, the "lack of market instability" becomes the story of the day. That was pretty much the case today although the one issue that could be counted on was the...
Stocks closed down again today on the final trading day of the week and a headline on CNBC today got a lot of people's attention.
"World economy seems trapped in 'death spiral."-according to Citigroup
According to CNBC:
Some analysts — including those at Citi — have turned bearish on the world economy...
The market displayed some explosive volatility today and eventually continued its downward slide from last Friday. At one point the Dow Jones Industrial Average was down over 400 points before recovering half the losses.. The major concern today was worries over global growth. Kate Warne, investment strategist at Edward...
CNBC reported late today that the Fed is telling banks to prepare for the possibility of negative interest rates.
"For the first time ever, the governing agency and U.S. central bank is requiring banks to include, in a round of stress tests commencing this year, to prepare for the possibility...
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...
Words like "recession" & "sell-off" were no-doubt muttered around the trading floors on Wall Street today as the markets experienced huge losses in the beginning of the day due to a massive global sell-off and falling oil prices. The Dow Jones industrial average briefly fell 400 points in afternoon trading,...
On the last day of trading for the week oil had its best day since 2009, ending a 5 day losing streak on Wall Street. The price of a barrel of oil soared over %12 percent as stocks experienced gains across the board. The financial and banking sector gained...
Markets were closed on this President's Day but the day was highlighted by an ominous report entitled: "The smell of default" from analysts at German firm Deutsche Bank that emphasized- "only the Fed can save stocks now."
The report stated:
"Without policy intervention, there is more downside risk for equities. To...
Despite the Dow Jones Industrial Average being down over 8 percent-year to date; the NASDAQ down over 13 percent so far this year and the S&P 500 down over 8 1/2 percent, Americans are spending money on retail goods. Consumer discretionary spending gained more than 2 percent to lead...
Markets extended their winning streak to 3 days in a row after all major indices advanced today. It's the biggest 3 day gain for stocks since the end of last summer. The Dow inched into positive territory for February for the first time following the release of the latest...
