[Chart courtesy of MarketWatch.com] 1. Moving the Markets Markets continued their shaky start to 2015 today, as all major indexes finished in negative territory. The Dow has now lost more than 500 points in the last two trading sessions and the S&P 500 is down 2.73% over the first 3 trading sessions of the year. The culprit behind the markets …
Stocks Take A Hit To Start Of 2015
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks took their biggest hit in the past couple of months with all major indexes retreating as the chart shows. Crude oil also plunged down to $49.97/barrel today, which is a nine-year low, while Europe benchmarks fell as much as 3.3%. Traders are fearful that collapsing oil prices somehow signal the rising …
Major Indexes Drop As S&P 500 Turns Negative For The Month
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Equities slipped with the sell-off accelerating late in the day as volume dropped way below its three-month average. That is sure to change on Friday the first trading day of the New Year when we will be off to the races again. There was no earthshaking news other than that applications for …
Stocks Drop Before The New Year As Investors Secure 2014 Profits
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks pulled back from record highs today as both the S&P 500 and Dow closed lower. Utilities, which have been 2014’s best performing sector, led the decline with a drop of 2.1%. Perhaps investors are closing out a profitable year, given the fact that the Dow edged above 18,000 and the S&P …
Markets Close Mixed On Light Trading; Oil At Lowest Price In 5 ½ Years
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks ended mixed today; however, the S&P 500 once again reached a record high. That marks the 53rd record close this year. Now is not the time to be shy at the pump, because oil prices fell another 2% with crude for Friday delivery settling at $53.61 a barrel. Speaking of oil, …
Dow Ekes Out Gain
[Chart courtesy of MarketWatch.com] 1. Moving the Markets It was nice start to a continuation of the current upward momentum but, while the S&P 500 fell back later on, the Dow managed its 37th record close of 2014. It was a Holiday shortened session on extreme light volume, so not much should be read into today’s action. Helping the indexes …