Falling oil prices put a drag on the stock market for the first day of August. Oil prices closed 3.7% lower at $40.06 per barrel after briefly dropping below $40. The big topic over the weekend was whether the Glass-Steagall Act should be brought back and if so, what...
This was the worst week for the Dow Jones Industrial average in over a month as its 4 weeks winning streak ended. For the week the Dow lost 143 points. The latest readings on American Gross Domestic Product for the 2nd quarter of 2016 show the GDP fell below...
As the price of oil hit a 3 month low & Facebook stock hit an all-time high, the big story to hit the financial headlines today was an interview that appeared on CNBC with Terry Chan-head of S&P Global Ratings Analytical Research. The focus was on corporate debt and...
After a four week winning streak the markets are now down in each of the first two sessions of the week after a mixed today Tuesday. Dow components led decliners with telecom issues and McDonalds leading the slide. The fast food giant fell 4.5% after reporting lower than expected...
Coinciding with the start of the DNC in Philadelphia, stocks kicked off the week on a down note as oil prices slid. The price of a barrel of oil closed at its lowest level since April 25th over worries over a global "over-supply." U.S. crude settled down $1.06, or...
The Dow's nine day winning streak ended today as did its record of seven consecutive days of record highs. The blue chip index was down over 120 points at one point before finally closing down nearly 80 points. The price of oil fell over 2% to under $45/barrel. Gold...
The S&P 500 and Dow Jones Industrial average have dominated the news over the past several weeks because of volatile fluctuations in both indices since the U.K. Brexit vote, but today the NASDAQ took some of the stock headlines after posting a gain of over one percent. The Dow...
Markets are still at record highs (with the Dow hitting it's 6th day of record closes) but a report today showed that there is more cash out of equities & on the sidelines than there has been in nearly 15 years. Fund managers have gotten spooked since the Brexit...
Another up day on Wall Street to start the new trading week. Despite signals to the contrary, the market continues to baffle many experts who do not believe the bulls should be running. Wall Street is on it's way to three straight weeks of gains as the Dow and...
After several bullish days of new record highs for the Dow and S&P 500, markets retreated somewhat today to catch their collective breaths with earnings reports filtering out. Wells Fargo reported results as expected, but Citigroup reported results that beat analysts' expectations. Yesterday, JPMorgan Chase beat estimates and BlackRock...
