[Chart courtesy of MarketWatch.com] 1. Moving the Markets U.S. stocks retreated today as investors brace for a barrage of earnings reports, a slew of fresh economic data and the Federal Reserve’s decision Wednesday on interest rates. The earnings season, according to MSM, has fared well thus far, if you can call beating a bar that has been set extremely low a …
Snapping A 7-Day Winning Streak
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Many investors were laying in waiting to see what the ECB’s decision was going to be in regards to raising interest rates. As expected, the ECB stood pat on rates earlier Thursday and began the implementation of its larger asset-purchase program, which now totals 80 billion euros a month. However, President Mario …
Markets Continue Their Rally; Fast Food And Oil Up
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The stock market rally continued modestly here in the U.S. today, driven higher by a rebound in oil prices on negative news and solid earnings reports from international Yum Brands companies. Yum Brands (YUM), the parent company of fast food giants KFC, Taco Bell and Pizza Hut, handily beat first-quarter earnings expectations, …
Mission Accomplished: S&P 2,100 And Dow 18,000
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Markets are feeling warm and fuzzy after returning to familiar 2015 stomping ground of 18,000 for the Dow and 2,100 for the S&P 500. As was to be expected, some analysts are now even predicting that the Dow could climb to 18,700 over the next year and a half, largely driven by …
Dow Conquers 18,000 Level
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Despite yesterday’s miserable failure of the OPECers to come to a production limitation agreement, the markets headed north with the S&P climbing to a 4-month high while the Dow managed to close above the 18,000 level, its highest point since last July. When news of the OPEC failure came out yesterday, oil …
Running Out Of Steam
[Chart courtesy of MarketWatch.com] Stocks ended flat Thursday, taking a breather after a nice two day rally. Trading today was mostly influenced by earnings reports from Bank of America (BAC) and Wells Fargo (WFC). Bank of America topped both earnings and revenue estimates. Wells Fargo topped profit expectations but was slightly below par on revenue. BofA gained and Wells fell …