[Chart courtesy of MarketWatch.com] 1. Moving The Markets It was a roller coaster ride but, in the end, the major indexes managed to stage a turnaround, with the S&P 500 closing at a record level for the 21st time this year. The afternoon rally may have been a delayed response to Janet Yellen’s statement in which she confirmed rates to …
Stocks Gain On Fed News; Amazon’s Phone Hits The Market
[Chart courtesy of MarketWatch.com] 1. Moving The Markets It was the fourth day in a row that stocks gained across the board and the S&P 500 closed at a new record high. The Dow and Nasdaq both added 0.6% each. While Amazon’s new smartphone was all the rage in the news today, the real market mover was the Federal Reserve, …
Equities Manage A Third Day Of Gains
[Chart courtesy of MarketWatch.com] 1. Moving The Markets It was a wobbly beginning, but the major indexes managed to pick up a little steam later in the session just enough to end up in the green for the third day in a row. The gains were modest as the above chart shows. Even a sharp rise in consumer prices in …
Markets Eke Out A Gain Driven By M&A Activity
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Stocks mostly hovered between small gains and losses through much of the day as traders monitored the conflict in Iraq and considered its potential impact on oil prices. The S&P 500 gained 0.10%, the Dow added 0.03% and the Nasdaq posted a 0.24% gain. The markets have shown a lack of volatility …
Markets Continue Pulling Back; Tesla To Offer Up Its Proprietary Technology
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Losses continued across the markets today, reeling from Wednesday’s downturn after the World Bank lowered its outlook for global economic growth. The Dow fell by over 100 points today, and the Nasdaq and S&P 500 dropped over 0.7% With the domestic markets trending lower, the dollar also fell for a second day …
No Warm Fuzzies From The World Bank
[Chart courtesy of MarketWatch.com] 1. Moving The Markets The U.S. markets slid back into negative territory today as a response to the World Bank announcing its reduction of the global growth forecast from 3.2 to 2.8%. The selloff was broad, as every S&P 500 sector index (except energy) declined for the day. The World Bank has clarified that the looming …