[Chart courtesy of MarketWatch.com] 1. Moving the Markets Another rally in crude oil prices boosted energy, while residual goodwill after a dovish Federal Reserve meeting powered broader markets higher. Early in the day, the Dow Jones industrial average crossed into positive territory for the first time this year and stayed there, capping a remarkable comeback from Wall Street’s worst ever …
Fed Moves Markets—Domestic TTI Touches Its Trend Line
[Chart courtesy of MarketWatch.com] 1. Moving the Markets U.S. stocks rallied modestly after the Federal Reserve left interest rates unchanged and signaled more gradual increases.Wall Street had expected the Fed to keep rates unchanged, but wanted clues as to the timing of the Fed’s next rate increase. The Fed lowered its plan to possibly two more hikes this year, down from four, for a …
Waiting For The Fed
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks ended at par today as Wall Street reacted to a resumed slide in oil prices and braced for the Federal Reserve’s decision Wednesday on interest rates. A major driver of the recent stock market rally has been a sharp rebound in oil prices. But U.S.-produced crude has reversed course the past …
Going Sideways
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The Dow, which is looking to extend its weekly winning streak to five, traded slightly higher as investors looked ahead to a key Fed meeting on interest rates later this week. We have a big week ahead of us. The Federal Reserve meets Tuesday and Wednesday and Wall Street will be closely monitoring its …
Draghi’s Bazooka Backfires—Lots Of Noise, No Result
[Chart courtesy of MarketWatch.com] 1. Moving the Markets There was a lot of movement in the markets today that only resulted in minimal changes at the closing bell. Markets stayed flat after a roller coaster ride of reactions to reports from the ECB and decisions regarding oil. Lots of buzz about the European Union today! News came in that the …
Seven Years Since The Last Bear Market Low
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Spanning headlines today were 7-year anniversary nods to the bull market. Stocks gained slightly as the bear market rebound that has been in place since February 11 is trying to continue with investors latching on to recent data hoping that the the U.S. is not headed for an imminent recession. In M&A …