[Chart courtesy of MarketWatch.com] 1. Moving the Markets After ending last week at a record high, the U.S. stock market pulled back Monday ahead of a week that features a big onslaught of corporate earnings results, a key meeting on interest rates and a barrage of fresh economic data. Stocks are riding high on four straight weeks of gains, driven …
Winning Streak Snaps; Markets Pause
[Chart courtesy of MarketWatch.com] 1. Moving the Markets As you know, the Dow has been riding the bull for 9 day continued winning streak that hasn’t happened in three years. Unfortunately, that streak snapped today due to mixed earning reports here in the U.S. and an announcement from the European Central bank that they will hold off on additional stimulus …
Dow Inches Up While Tech Stocks Lead
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The Dow continued blazing a trail today, bolstered by a strong earnings report from tech giant Microsoft (MSFT). The index continues to plow its way into record territory and lately there’s no sign of it doing otherwise. The nine-day winning streak is its longest since a 10-session rally more than three years …
Markets Reacting Awkward Despite Solid Earnings Reports
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks ended mixed today, apart from the Dow, which climbed for an eighth straight day and notched a new closing high. While the S&P 500 closed in the red today, don’t forget that the index is coming off another record high recently, and both the S&P 500 and the Dow are now …
Rally Rally, Hear Our Cry!
[Chart courtesy of MarketWatch.com] 1. Moving the Markets U.S. stocks extended their record-setting rally and closed at new all-time highs today as investors felt relief by an earnings report from Bank of America (BAC) and a failed coup attempt in Turkey over the weekend. Computer algos, as usual, engaged in a game of headline hockey as Yahoo reported BofAs “better-than-expected …
Markets Higher, But Speculation Still Remains
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The Dow and S&P 500 indexes moved higher Thursday, pushing further into record territory as investors (domestic and abroad) reacted to a positive earnings report from JPMorgan (JPM) and continued to price in/hope for further stimulus from global central bankers despite interest rates remaining at depression levels. Investors got a boost from …