Wednesday was a good day for the Dow as the index finished up triple digits. Goldman Sachs and IBM contributed the most to gains. Oil also closed at a 2016 high, rising above $49 per barrel. Energy, materials and financials traded more than 1 percent higher.
It's been the best...
A new survey released today by the American Association of Individual Investors shows less than 18% of everyday American investors are interested in investing on the stock market. That represents the basement level of support for stocks since April 2005 and drastically lower from l2014 when 58% of individual...
On the final day of the trading week before the long, Memorial Day holiday weekend, most eyes were once again on Fed Chair Janet Yellen. Yellen participated in a "conversation" about interest rates at Harvard University with Gregory Mankiw, an economics professor. She was one of the featured speakers...
It was a mixed day on Wall Street but perhaps more alarming was a report by world renowned French bank- Societe Generale. The bank released its quarterly report that included concerns about the possibility of so-called "black swan" events that could harshly disrupt global economies.
“Risks to the world economy...
The first trading day in June was highlighted by a recovery in oil prices and an unexpected boost in manufacturing which led to modest gains on Wall Street.
However, bond behemoth Pimco stated in its latest projections today that the stimulus program undertaken by the U.S. Central Bank is "losing...
With the looming, monthly jobs report due out tomorrow, the market took a wait & see approach today with moderate gains. The healthcare sector saw the most advances as the S&P 500 closed above the 2,100 level for the first time since April.
Many investors on Wall Street are also...
Entering the final trading day of the week, the Dow had risen over 400 points during the three days prior, but today the winning streak ended. Stocks finished down across the board following the release of the May jobs report. There had been a great deal of discussion recently...
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...
Energy stole much of the focus today as the price of oil closed above $50 a barrel for the first time since last July. That helped the energy sector gain nearly 2% but the bio-tech division was down 2.5%. Only the NASDAQ finished in the red.
Yesterday, the S&P 500...
Stocks showed modest gains today as the market extended its winning streak to 3 in a row. The Dow closed above 18,000 for the first time since April. The string of positive gains on Wall Street has come as a bit of a surprise to Peter Boockvar, chief market...
