[Chart courtesy of MarketWatch.com] Moving the Markets In a total reversal from yesterday, equities jumped right after the opening bell and never looked back in an attempt to recover Tuesday’s losses, a feat which was largely accomplished with the S&P posting its biggest one-day gain in a couple of months. Economic data points did not assist in today’s ramp as …
Nasdaq Gets Whipped And Bonds Get Clipped
[Chart courtesy of MarketWatch.com] Moving the Markets There simply weren’t any news reports positive enough to keep the major indexes above the unchanged line. First, it was the Fed and its mouthpieces pretty much talking down the markets. ZH summed it up as follows: Yellen – “We have been in an economy with low interest rates for some time, and …
Skidding Off The Highs
[Chart courtesy of MarketWatch.com] Moving the Markets It was another roller coaster session with the major indexes ramping higher right out of the gate, only to see early gains evaporate, as Dow ended a string of daily losses at four, but only by the tiniest of margins. So did the S&P 500, but the Nasdaq stumbled and closed the day …
Early Decline; Mid-Day Rally; Slumping Into The Close
[Chart courtesy of MarketWatch.com] Moving the Markets It was another session that ended in a mixed close with the major indexes giving up their hard fought mid-day gains, as they slumped into the close with only the S&P 500 showing a tiny gain of +0.04%. SmallCaps did better as both, domestic and international ones, managed to eke out +0.38% and …
Struggling For Direction
[Chart courtesy of MarketWatch.com] Moving the Markets Crude oil along with the energy sector continued its slippery slide with XLE giving back -1.61%, while Crude Oil (WTI) crashed -2.53% to a $42 handle, which is its lowest since last August. Biotechs were the beneficiary of this carnage gaining some 8% over the past 3 days. It’s a strange market, as …
Crude Oil Drops Into Bear Market Territory; Pulls Down Equities
[Chart courtesy of MarketWatch.com] Moving the Markets Equities were not able to overcome the spanking that took place in oil patch and energy sector with oil touching the $42 handle and tumbling to the lowest level since last November. The transportation sector was affected as well with IYT sinking -1.73% and Natural Resources IGE dropping -1.41%. The Financials (IYF) headed …