Poorly performing energy stocks and a significant drop in the price of oil made for a down day on Wall Street. U.S. crude oil dropped $1.52, or a fraction over 4.5% percent to finish the day at $31.87 a barrel. The Conference Board reported that its consumer confidence index...
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...
U.S. stocks were lower on Thursday, as hopes of averting the debt crisis in Greece were dashed overnight.
Wednesday saw the markets recover from a Tuesday sell-off, partly on the strength of Greek optimism regarding a deal to solve the nation’s ongoing credit crisis. But European officials denied claims that...
The Dow took a beating in the final two days of trading this week—and went down almost 1%. For the year 2015, the Dow stands at a tiny 0.18% gain!
Monday was the first day of June, and Wall Street looked to break a May losing streak. Technically, they were...
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...
It was a disastrous week for Wall Street, as the Dow lost ground every day this week, extending its losing streak to seven days overall! Oil prices, global turmoil and the possibility of an impending interest rate hike all played a role in the Dow shedding almost 2% over...
Despite the fact that only a paltry 38,000 jobs were added to U.S. payrolls in May and that the current U.S. economy continues to show signs of not being able to support an interest rate hike at this time, Fed Chair Janet Yellen today signaled that we may still...
Following the horrific terrorist attacks in Paris, U.S. markets advanced in all three major indices in the first session since Friday's barbaric actions at six different locations in the French capitol. Generally in the first week following an international terrorist act, markets experience a substantial dip. For example: following...
U.S. stocks were higher on Thursday, as markets attempted to recover from early setbacks in the Euro Zone.
The European Central Bank (ECB) revoked a previous policy that allowed banks to use Greek government debt as collateral for loans. This had a significant impact because many banks are invested in...
At the start of what will be a shortened trading week, due to markets being closed this Friday for Good Friday observances, Wall Street made some small gains. Stocks are currently riding a 5 week win streak as both the Dow Jones industrial average and S&P 500 have moved...
