[Chart courtesy of MarketWatch.com] Moving the Markets While the Nasdaq and S&P 500 hovered above their respective unchanged lines all day, the Dow see-sawed and dove into the close for a slight loss. The Nasdaq was the savior with a solid +0.73% gain, but it also threw an assist to the S&P thereby helping it to close in the green. …
Nasdaq Hits A New Record; Dow & S&P 500 Unchanged
[Chart courtesy of MarketWatch.com] Moving the Markets Earnings were in the spotlight and threw an assist to the Nasdaq pushing it into record territory, while the Dow and S&P 500 drifted and barely closed above the unchanged line. Despite the gains by companies like Comcast, PayPal and Intuit, the market had to deal with a menu of uncertainties (hat tip …
Diving Into The Close
[Chart courtesy of MarketWatch.com] Moving the Markets The old adage “buy the rumor and sell the fact” certainly rang true today as the upward momentum of the past couple of days continued early in the session in anticipation of Trump’s mother of all tax cuts. While the actual announcement confirmed some leaked information, some analysts considered the tax plan a …
Earnings And Tax Cut Hopes Drive Markets
[Chart courtesy of MarketWatch.com] Moving the Markets Caterpillar and McDonalds combined to continue yesterday’s rally with Trump’s planned tax cut announcement, scheduled for tomorrow, providing the emotional fire power. The Nasdaq managed to conquer the 6,000 level and closed solidly above it in part due to gains by heavyweights Apple and Microsoft. So far, overall profits of S&P companies are …
Relief And Hope Combine To Power Equities
[Chart courtesy of MarketWatch.com] Moving the Markets The 1st round of the French election results provided relief and hope that the current leading candidate of left wing persuasion (Emmanuel Macron) will be the one winning the final election in a couple of weeks by defeating the right-wing anti-euro and anti-establishment Marine Le Pen in a run-off. While Macron’s lead is …
Equities On A One-Way Street
[Chart courtesy of MarketWatch.com] Moving the Markets After a higher opening, the markets remained steadfast and unwavering in making this session a positive one after the past few of days of floundering. Despite this effort, the S&P 500 still remains a few points lower than it started the month. Solid earnings by American Express stabilized the financial sector for the …