[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks rallied after three straight days of losses for the S&P 500 and Dow, which on Thursday logged a new closing high and jumped nearly 200 points. In market movers today, Facebook (FB) climbed 3.7%. The jump added to a 1.3% gain yesterday after the company reached a deal with New York …
A Nothing Day
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The major indexes fluctuated throughout the day, but there was no conviction in either direction, so the S&P 500 ended down a scant 0.05%. Same with the Dow, however, the Nasdaq managed to edge into plus territory by a meager 0.12%. The early rally did not hold, and we spend the remainder …
Equities Close Slightly Lower; Verizon To Buy AOL
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Major U.S. stock indexes closed slightly lower after recouping much of an early slump. The slide was brought on, in part, by a troubling rise in global long-term borrowing rates. The price of oil closed above $60 a barrel for just the third time this year, giving a boost to energy stocks. …
Markets Can’t Keep The Momentum Going
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks fell as Wall Street failed to extend Friday’s strong jobs-fueled rally, and a drop in oil prices helped push energy stocks sharply lower. U.S. benchmark crude fell 26 cents to $59.13 a barrel and shares of ExxonMobil (XOM) dropped 1.7% and Chevron (CVX) fell 1.2% accordingly. In M&A news, today we …
ETFs/Mutual Funds On The Cutline – Updated Through 05/08/2015
Below are the latest ETF Cutline reports, which show how far above or below their respective long-term trend lines (39 week SMA) my currently tracked ETFs/MFs are positioned. The first report covers the ETF Master List from Thursday’s StatSheet and includes 410 ETFs, of which currently 310 (last week 308) are hovering in bullish territory. The second report includes only …
One Man’s Opinion: Has Wage Inflation Stalled Because Of Weak Productivity Growth?
The latest nonfarm payrolls report indicate the economy rebounded in the second quarter, although productivity growth seems to have stagnated for some time now, said Ed Lazear, professor of economics at Stanford University. Creating more jobs without adding to productivity means more people are carving up pieces from the same GDP pie. One of the good things that happened during …