[Chart courtesy of MarketWatch.com] 1. Moving the Markets Renewed fears over China’s economic growth, a fresh rout in commodity markets and continued uncertainty over a Fed rate hike later this year triggered a heavy sell-off on Wall Street today. All three major benchmark indexes fell over 1.0% to close out the day, recovering from even larger deficits earlier in the …
Equities Rise, Fall And Stay Afloat
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks climbed Monday, the Nasdaq just barely, in a seesaw day as Wall Street shook off a two-day slump that was sparked by last week’s decision by the Federal Reserve not to raise interest rates. Crude Oil gained slightly today as well to close at $46.69 a barrel. In M&A news, Chipmaker …
The Guessing Game Is Over…For Now
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The Fed announced today that it is too soon to raise interest rates and that it will continue to keep its benchmark interest rate between 0% to 0.25%, despite a continuously improving labor market. The Fed could still raise rates when they meet again in October, but analysts speculate that if a …
Stocks Rally Ahead Of Thursday Fed Decision
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks rallied Wednesday afternoon with the Dow gaining 140 points on the day, after the Federal Reserve kicked off its long-awaited 2-day policy meeting on interest rates. In one of the most important Fed meetings in recent times, economists and analysts alike are divided on whether the Fed will move forward to …
Markets Shine Before Fed Meeting
[Chart courtesy of MarketWatch.com] 1. Moving the Markets U.S. indexes all gained over 1.10%, just a day ahead of the start to a crucial Federal Reserve policy meeting. Fed policymakers will convene Wednesday and Thursday to decide whether or not to raise interest rates for the first time in close to a decade. Industrial stocks led the pack of gainers …
Wall Street Remains Hesitant Pending Fed Meeting; Stripe Making Headway For Mobile Payments
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks slipped a tad as nervous investors looked ahead to a crucial Federal Reserve decision on whether to raise interest rates. Nine of the ten S&P sectors closed lower today, with the materials and energy sectors leading the decliners. You can probably guess who the lone gainer was: Utilities. Utility stocks have …