[Chart courtesy of MarketWatch.com] 1. Moving the Markets February is so far proving to be a healthy antidote to a dismal start to 2015. The market gains continued today on top of Monday’s strong rally as the Dow jumped almost 200 points, putting its two-day total to 501 points. That’s the best two-day gain for the blue-chip index since Jan. …
Stocks Post Late Day Rally To Kickoff February
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The first month of 2015 was not kind to stocks. Based on the S&P 500 performance, stocks were 3% lower. January has been known for setting the tone for the rest of the year, but fear not, because the markets tend to do well in February given that they have gained an …
Stocks Break 2-Day Losing Streak
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks staged a strong afternoon rally and closed higher today as the major indexes broke a two-day losing streak. Utilities led the way for the S&P 500, as all ten sectors of the index posted gains. In tech news, shares of Alibaba (BABA) plunged 8.5% after the Chinese Internet giant reported revenue …
Fed Commentary Takes Starch Out Of Upward Momentum
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks took a dive today, ending another wild ride with a plunge deeper into the red after the Federal Reserve’s latest policy statement. The Federal Reserve gave no indication today that it would stand down from plans to raise interest rates this year, noting that it expects unusually low inflation to gradually …
Markets End Lower, But Not Without Hope From Economy And Airlines
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Major indexes ended lower today. However, not without seeing a blue sky. Yahoo shares rallied 6% after the company said it would spin off its remaining holdings in Alibaba into a separate entity. Stock in the new investment company created by the tax-free move, SpinCo, will be distributed to Yahoo shareholders. Speaking …
Stocks Borderline, But Positive To Begin The Week
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks ended higher Monday, with the Dow basically flat, as investors grappled with the consequences of a victory for Greece’s anti-austerity Syriza party in general elections. In corporate news, Microsoft (MSFT) shares dipped slightly today, even after the software giant reported a spike in revenue and profits in line with analyst estimates. …