[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks took a beating today. The S&P 500, Dow and Nasdaq all dropped more than 1.5%, and marked the third straight day of losses on Wall Street. The dominant financial story remains oil, as the price of crude plunged again after the Organization of Petroleum Exporting Countries (OPEC) slashed its estimate of …
Dow And S&P Close In The Red For Second Straight Day
[Chart courtesy of MarketWatch.com] 1. Moving the Markets It was a bit of a quiet day in regards to market moving news. Stocks were steady early in the day, but fizzled later and, despite a tremendous rebound, the S&P 500 and Dow both closed in the red. The Nasdaq was the only major index that inched up, driven higher by …
A Sluggish Start To The Second Week Of December
[Chart courtesy of MarketWatch.com] 1. Moving the Markets U.S. stocks dropped on Monday with the Dow stumbling more than 100 points. The S&P 500 retreated more than 0.8% and the Nasdaq gave back more than 0.7%. Falling oil prices were the culprit that dragged down the energy sector. U.S. crude fell more than 4% to close the day at $63.05 …
Stocks Move Into The Red On ECB’s Decision To Hold Off On Stimulus
[Chart courtesy of MarketWatch.com] 1. Moving the Markets If you read the article yesterday, then you may remember me mentioning that investors would be paying close attention to the ECB’s move on buying bonds to stimulate the Eurozone. Well, today we heard that the European Central Bank decided not to implement a U.S. style stimulus and markets took a small …
Markets Remain On Fire Headed Into The Snowy Season
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Another day of record highs for the S&P and Dow. Surprised? Not really. Both the S&P 500 and the Nasdaq rose 0.38%, while the Dow gained 0.18%. Again, the continued increase in the S&P 500 bodes the question; will it hit 2,100 by the end of the year? Energy stocks led gainers …
The Dow Tops Off Another Record Close After Cyber Monday
[Chart courtesy of MarketWatch.com] 1. Moving the Markets All major indexes gained today after a lethargic trading session on Monday. Again, the Dow hit a new record close as all three major indexes gained about 0.6% today. Over the past couple of weeks, we have seen energy stocks take a big hit due to falling oil prices. However, oil stocks …