[Chart courtesy of MarketWatch.com] 1. Moving the Markets The Fed kicked off their two-day meeting today. Of course, the hot topic of late is whether or not they will raise interest rates in the near future. The general consensus around the news today is that the Fed is likely to announce that they will remain patient over the next couple …
Markets Fly High On Fed Speculation
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Markets soared higher today ahead of a two-day Federal Reserve meeting beginning tomorrow that may set the stage for the first U.S. interest rate hike since the global financial crisis. In economic news, a growing number of investors expect the U.S. central bank to raise its benchmark interest rate sooner than anticipated …
Stocks Rally With Financials Plowing Forward
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Gains today put both the S&P 500 and Dow back into positive territory for the year. Eyes were focused on tentative announcements from the Fed regarding their stress testing on top U.S. lenders, which exceeded expectations. The conclusions were that 29 of the 31 top banks all passed with flying colors. Investors …
Selloffs Drag Markets Lower
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Markets experienced one of the largest sell-off in equities over the past two months. A rising dollar value and declines in tech companies stock seemed to be the major culprits today. In tech Cisco Systems Inc. (CSCO) took a hit for the sixth time in seven days, suffering its largest daily decline …
Major Indexes Hit The Skids
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Pricing in a potential rate hike by the Fed came home to roost as the Dow suffered its worst one-day point drop in some five months. Despite some central banks starting a quantitative easing path, such as the ECB, there was simply no support, and the major indexes went negative YTD. Europe’s …
Markets Full Steam Ahead To Begin The Week
[Chart courtesy of MarketWatch.com] 1. Moving the Markets All major indexes closed higher to kick off the week of March 9th, apparently bullish on some tech stocks, Apple (AAPL) in particular. More details came out today on Apple’s newest gadget – The Apple Watch. Apple is looking to extend its dominance on mobile devices with the new gadget which Cook …