[Chart courtesy of MarketWatch.com] Moving the Markets The month of October has been known as the bull market killer in the past. Not so this year, as the major indexes not only survived but prospered at the tune of +4.2%, +2.2% and +3.2% respectively for the Dow, S&P 500 and Nasdaq. The Dow actually rose at twice the pace it …
Indecision Reigns
[Chart courtesy of MarketWatch.com] Moving the Markets Equities struggled with only the Nasdaq managing to spend some time above the unchanged line early on, and knocking out another intra-day record, but it too succumbed to weakness, before sliding slightly into the red. Trump’s tax cuts were at the center of the market weakness, as the House was discussing a more …
Treading Water
[Chart courtesy of MarketWatch.com] Moving the Markets Some better than expected corporate earnings helped the major indexes to shake off yesterday’s bearish mood and remain above the unchanged line with the exception of the Nasdaq, which slipped a tad. Helping the markets was news that the House of Representatives squeezed out a budget bill allowing the Senate to later pass …
Coming Off The Highs
[Chart courtesy of MarketWatch.com] Moving the Markets Some earnings disappointments pulled the rug out from under the major indexes causing them to drop around -0.5% across the board. The big losers were Chipotle (CMG) and AMD, which tanked -14.58% and -13.47% respectively. Also weighing on the markets were Boeing, Goldman, IBM and Caterpillar. Looking at the big picture, all S&P …
Dow Powers Into Record Territory
[Chart courtesy of MarketWatch.com] Moving the Markets The Dow got a huge assist today from Caterpillar (CAT) and 3M, which jumped after showing a better than expected quarterly report card. Both components contributed some 150 points to the Dow’s 168 point gain—into record territory. It was a narrow advance with Healthcare (XLV) bucking the overall positive trend (-0.56%) thereby limiting …
Dow & S&P 500 End 6-Day Winning Streak
[Chart courtesy of MarketWatch.com] Moving the Markets It had to happen eventually. The winning streak came to an end today, as uncertainty reigned in regards to tax cuts and corporate earnings, of which some 200 S&P companies are scheduled to report this week. Of course, given current market levels, we are way overdue for a pause. Interestingly, the markets did …