[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks ended the month on a weak note as traders reacted to new information, ranging from a suddenly weakening dollar vs. the euro and strong incoming U.S. data that raised fresh fears about interest rate hikes. We heard some solid economic data released today, including a better-than-expected reading on manufacturing in the …
A True “Hump Day” Of Ups And Downs
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks closed lower as investors digested weaker-than-expected economic growth and the latest statement from the Federal Reserve that indicated policymakers were still grappling with when to begin raising interest rates. Continuing with Fed matters, The Federal Reserve gave a slight signal today that it could raise interest rates at any meeting, opening …
Stocks Close Mostly Higher On Mixed Economic Data; Twitter Falters
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks cut early losses and closed mostly higher as the Federal Reserve began a two-day policy meeting to discuss the economy and interest rates. The Nasdaq was the only major index that closed in the red, down 0.10%. As you know, interest rates have been at the forefront of news headlines for …
Pulling Back From Record Highs
[Chart courtesy of MarketWatch.com] 1. Moving the Markets A pause sure was in order after last week’s push into record territory. The major indexes pulled back as the chart above shows. The focus remains on earnings with the name of the game being to beat the already lowered expectations. After the closing bell, Apple managed to beat handsomely by posting …
Nasdaq Tops Record High For First Time Since 2000
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The previous record high (5,048.62), which dates back to March 10, 2000 at the prime time height of the dot-com bubble, was surpassed today by about 12 points. What does the new record high mean exactly? Well, in the simplest sense it means that the Nasdaq has finally completely recovered 15 years …
Earnings Reports Continue; No Major Impact On Markets
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Equities rose as the major indexes moved closer to record levels, and a tech stock rally sent the Nasdaq to a new 2015 closing high. In earnings news, Dow giants McDonald’s (MCD) and Coca-Cola (KO) helped boost the blue-chip index higher as shares of MCD jumped 3.1% and KO rose 1.3% on …