On the penultimate trading day of the week markets wavered a bit before ending the day up marginally. Today marked the 3rd straight day of gains. Oil finished down 9 cents, closing at $34.57 a barrel. Investors are also keeping their eyes on tomorrow's Labor Department jobs report which...
An increase in the number of jobs and a rise in the price of oil helped lift the markets today. The Dow closed at a 2 month high as it broke through the 17,000 barrier and the S&P 500 hit the 2,000 mark. For the week- oil finished up...
It was a relatively flat beginning to the start of the trading week, although the Dow did extend its win streak to 5 sessions in a row & The S&P topped 2,000. Energy stocks were up more than 1.5 percent as oil rose above $40 a barrel for the...
The Dow Jones Industrial average saw its five day winning streak come to an end today as China was back in the news, which didn't bode well for Wall Street. Weaker-than-expected Chinese trade data increased investor worry about international economic growth.
Ben Pace, chief investment officer at HPM Partners said:
"I...
The markets spent much of the day treading water with tomorrow's meeting of the European Central Bank (ECB) looming. The President of the E.C.B- Mario Draghi could possibly announce another round 0f stimulus measures, which could include more asset purchases and maybe another cut to the already negative interest...
Stocks wavered today following word from the European Central Bank that the ECB will take a number of steps to try and strengthen Europe's economy. Chief among them: Cutting its main interest rates and expanding its massive bond-buying program.
ECB president Mario Draghi said-
"The outlook for economic growth in the...
A gradual increase in the price of oil over the past 4 weeks has helped the stock market pick-up some decent gains. U.S. crude oil settled up 66 cents, or 1.74 percent, at $38.50 a barrel. Oil is now up 10% in a month. Another report says that the...
On the first trading day of the week came a report from investment banking giant Morgan-Stanley that it has increased it's probability that a recession will hit the global economy within the next year from 20 percent to 30 percent. Read more from CNBC here.
Among Morgan-Stanley's list of chief...
The "Ides of March" did not bode well for Julius Caesar, and as for the stock market today- March 15th was fairly uneventful ahead of tomorrow's statement from the Fed. The Federal Reserve began its two-day policy meeting today and speculation is that the F.O.M.C will leave short-term interest...
The big news of the day: The Federal Reserve decided to maintain the status quo on interest rates. Following its 2 day, closed door policy meeting, Fed Chair Janet Yellen announced that the Fed had pulled back on its prediction of 4 rate hikes this year, and instead believes...
