[Chart courtesy of MarketWatch.com] 1. Moving the Markets Major U.S. stock indexes closed slightly lower after recouping much of an early slump. The slide was brought on, in part, by a troubling rise in global long-term borrowing rates. The price of oil closed above $60 a barrel for just the third time this year, giving a boost to energy stocks. …
Markets Can’t Keep The Momentum Going
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks fell as Wall Street failed to extend Friday’s strong jobs-fueled rally, and a drop in oil prices helped push energy stocks sharply lower. U.S. benchmark crude fell 26 cents to $59.13 a barrel and shares of ExxonMobil (XOM) dropped 1.7% and Chevron (CVX) fell 1.2% accordingly. In M&A news, today we …
It Was All About Tech Today
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks gained today with the Dow climbing 82 points as investors shook off growing concerns about overvalued stocks and rising interest rates. Markets broke a 2-day losing streak; however, the mood remained cautious after comments by Janet Yellen Wednesday that suggested stocks are generally overvalued. Lady Yellen said market valuations were generally …
Markets Turn South After Early Morning Gains
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks pared back early gains to close in the red across the board. Rising interest rates and oil prices appeared to be the culprits today. Oil dragged markets lower today as prices jumped above $61 a barrel. The U.S. benchmark rose 2.1% to $61.65 on the New York Mercantile Exchange, as concerns …
Markets Move Lower; No Good News From Greece
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Markets shifted lower today amidst mixed domestic data, higher bond yields and (believe it or not) renewed concerns over Greece. After a myriad of budget cuts, a million lost jobs, 250,000 closed businesses and nearly 240 billion euros ($267 billion USD) in rescue loans, the country is once again on the brink …
May Is Rockin’ And Rollin’ So Far
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Markets moved higher to start the week, led by a batch of strong corporate earnings reports and positive news from Europe. Most sectors posted gains, even energy despite the fact that oil prices were down today. Oil dropped about 22 cents to settle at $58.93 a barrel on the NYME. Earnings season …