[Chart courtesy of MarketWatch.com] Moving the markets Right after the opening bell, there was no question as to which direction the markets would head as bulls were noticeably absent and weakness spread to most sectors. Anxiety was caused by a tech sell-off sparked by Facebook (FB), now also known as Faceplant, after the social media giant lost -6.77% and took …
Lingering Trade-War Fears Keep Market Jitters Alive
[Chart courtesy of MarketWatch.com] Moving the markets It was a mixed bag with the Dow managing to overcome a 3-day losing streak while the S&P & Nasdaq hovered on both sides of the unchanged line but slipped slightly into the red. The markets are still trying to digest Trump’s comments from yesterday that his administration intends to trim the trade …
Igniting Trade-War Worries Punish Markets; GDP Forecast Slammed
[Chart courtesy of MarketWatch.com] Moving the markets A host of headlines appeared to punish the markets by pushing the major indexes down for the third day in the row. First, there was more jawboning about tough trade talk with China, as the administration announced a $100 billion annual China deficit target from last year’s $375 billion. Of course, retaliation is …
Early Rally Fades As Bears Score A Win; Gold Pops As Dollar Drops
[Chart courtesy of MarketWatch.com] Moving the markets Good thing inflation data was fairly benign, as the CPI rose ‘only’ +0.2% in February, after an alarming increase in January of 0.5%, or the markets might have really taken a dive. As it turned out, the major indexes slid slowly but steadily through the entire session wiping out early gains. Despite the …
Bulls And Bears Engage In A Tug-Of-War
[Chart courtesy of MarketWatch.com] Moving the markets After Friday’s monster rally, and last week’s overall bullish tone in the markets, it comes as no surprise that the major averages might take a pause, and that’s precisely what happened. All three of them vacillated around the unchanged line with the Dow and S&P giving back a fraction while the Nasdaq closed …
Equities Drop and Pop
[Chart courtesy of MarketWatch.com] Moving the markets While we opened the session on a positive note, equities started slipping and sliding being spooked by early rumors as to who would get Gary Cohn’s job. However, that talk fell by the wayside when news headlines announced not only unlimited exemptions for Canada and Mexico from Trump’s tariffs but also allowed other …