[Chart courtesy of MarketWatch.com] Moving the Markets Thanks to an assist from Apple’s (AAPL) almost 5% gain on blow-out earnings, the Dow managed to conquer the much anticipated 22,000 level for the first time, which makes it its third 1,000-point milestone of the year. The close above 22k was the seventh fastest milestone move, with the last one having occurred …
Dow Moves Within Striking Distance Of 22,000
[Chart courtesy of MarketWatch.com] Moving the Markets The theme of the “new normal” continued as less than glowing reports on inflation, manufacturing and collapsing ‘hard’ economic data, were brushed aside with the major indexes continuing their march into record territory. The Dow has now climbed to within striking distance of the 22,000 milestone marker. Crude oil slipped -1.89% joined by …
Going Nowhere For The Day But Gaining On The Month
[Chart courtesy of MarketWatch.com] Moving the Markets It was an uneventful last day of the month in the markets with the major indexes being content to more or less hug their respective unchanged lines with only the Dow pushing back into the green by a slight margin. For the month, the S&P 500 added +1.94% while the Nasdaq surged 3.5%. …
Tech Slumps And Gold Pumps
[Chart courtesy of MarketWatch.com] Moving the Markets Despite another roller coaster ride, the Dow was the only one of the three major indexes that not only “survived” the mid-day sell-off but also registered another record high. The tech arena was not so lucky and, after a tremendous run in the recent past, had to accept the fact that nothing goes …
VIX Crashed And Dollar Bashed
[Chart courtesy of MarketWatch.com] Moving the Markets The widely anticipated FOMC minutes turned out as expected with the Fed confirming that they plan on continuing their path of higher interest rates this year and also start to sell off its massive holdings of Treasuries and mortgage bonds. The thing they did not say is the timing and magnitude of their …
Scrambling higher
[Chart courtesy of MarketWatch.com] Moving the Markets Today, it was the Dow’s turn to lead the way with the Nasdaq lagging behind, but it still managed to hang on to the plus side despite a last hour sell off. The S&P 500 and the Nasdaq closed at record highs as the VIX was slaughtered again to 9.04 intraday and has …