Market Recap for week of 1/19—1/23
After weeks of focusing primarily on falling oil prices, this week’s big story was the start of quantitative easing in Europe. Much like we did here in the U.S., the European Central bank is pumping this “easy money” into their economy to stop the...
U.S. stocks slid early on Friday, as investors returned their focus to energy prices.
Oil was down more than 1% in early trading, as word emerged of the passing of Saudi Arabia’s King Abdullah. No change in policy is expected, but uncertainty was enough to fuel concern on an already...
U.S. stocks moved higher Thursday following European Central Bank (ECB) President Mario Draghi's announcement that the ECB will embark on a bond buying program in the near future.
The announcement came about 10 a.m. East Coast time and immediately sent the Dow soaring by almost 200 points.
The ECB's program will...
Stocks stayed even in Wednesday trading, after a volatile Tuesday saw the Dow drop almost 200 points before rallying to finish the day flat.
Investors are anxiously awaiting word from the European Central Bank (ECB) as to whether they will embark on a long-expected bond buying program. ECB President Mario...
U.S. stock markets finished Tuesday mostly flat, after a day filled with uncertainty due to oil prices and 4th quarter earnings.
It was a bad morning on Wall Street, as the Dow fell over 100 points during the early part of the session. Oil prices dropped almost 5% on Tuesday...
This week, we saw that oil prices aren’t the only thing weighing on the stock market. Retail sales and financial uncertainty in the Euro zone played a role in this week’s decline, as the market fell 1.3% for the week.
Monday stocks fell at the opening bell based on a...
Experts described the U.S. stock market as ‘under pressure’ Friday morning, coming off a fifth consecutive losing session Thursday.
The Swiss National Bank shocked everyone Thursday by announcing they would discontinue a three-year cap on their own currency—the Swiss franc—against the Euro. With the possibility of quantitative easing-type programs beginning...
U.S. stocks declined in Thursday trading, as investors considered the effect on lower wholesale prices against some discouraging job figures.
The Labor Department issued a weekly number of 315,000 Americans filing for jobless benefits last week—a number that was 6% higher than last week, and represented the largest total since...
In less than two weeks on the job, the 114th United States Congress has taken major steps towards undoing one of the most important pieces of financial legislation this decade.
Rep. Mike Fitzpatrick (R-PA) is a member of the House Financial Services Committee. Last week, Rep. Fitzpatrick introduced a bill...
Wall Street finished down yet again on Wednesday, as poor earnings figures compounded the worst retail sales number in a year.
Earnings season is in full swing. The first taste of bad news came in the form of JP Morgan Chase reported a 6.6% drop in quarterly profits. This difference...
