[Chart courtesy of MarketWatch.com] 1. Moving The Markets The U.S. stock market ended the day higher after suffering one of its largest declines in more than seven months yesterday. All major indexes gained as the chart above shows Consumer and financial stocks lead the board for gains today on the S&P 500. Michael Kors (KORS) jumped up 17% on the …
Heading Towards Bear Market Territory; Let’s Hope February Is A Very Short Month
1. Moving The Markets A new report on U.S. manufacturing growth was released today that showed the sector barely expanded in January. This was not a good start for trading in February and the Dow Jones Industrial Average (DJI) felt the wrath falling by more than 2% on the day. If you read the last piece I wrote at the …
Equities Bounce Back, Gold Takes A Dive
[Chart courtesy of MarketWatch.com] 1. Moving The Markets It was a lively day in the stock market today with equities making a major rebound from the disappointing performance so far this week. In fact, the major indexes nearly regained all of the losses since the start of the week. Until today, the markets were subdued by emerging market turbulence alongside …
Equity Markets Drop Again; Gold Glitters
[Chart courtesy of MarketWatch.com] 1. Moving The Markets The Fed announced today that it will reduce its monthly bond buying plan by an additional $10 billion, despite signs of turmoil across emerging markets recently. The announcement added volatility to the markets today and thus global and domestic equity markets fell accordingly as the chart above shows. Boeing Co. (BA) led …
Bouncing Back
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Markets made a soft rebound today after closing in the red yesterday. The Dow was up 0.57%, The S&P up 0.61% and the Nasdaq up 0.35% Apple (AAPL) took a big hit today falling 8% after it released its Q4 numbers. AAPL volume was nearly triple the daily average as investors did …
Developing Country Worries? Never Fear, The U.S. Is Here!
[Chart courtesy of MarketWatch.com] 1. Moving The Markets There was not much good news from the markets today, but not much terrible news either. It seems that fearful investors are selling off equities worldwide due to shaky economies and plunging currencies in the developing world. While the sell-off in the U.S. has not been as notable as in Europe or …