[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks slipped to kick off a new week of trading. It seemed as if investors are adjusting their portfolios for a likely interest rate hike from the Fed in December after an allegedly strong reading on jobs growth in October. All indexes fell about 1% on the day. With third quarter earnings …
Equities Directionless Before Jobs Report
[Chart courtesy of MarketWatch.com] 1. Moving the Markets It was a see-saw kind of day with no clear direction, as tomorrow’s looming jobs report kept traders on edge. We saw small gains and small losses before settling slightly below the unchanged line. On the horizon continues to be the “will they or will they not” scenario about a possible rise …
First Day Of Losses In November; Fed To Blame?
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks were trending upwards throughout the early part of the day, but fell after Fed Chair Janet Yellen said that a rate hike at its December meeting is a genuine possibility. The drop snapped a two day rally that pushed the Dow back into positive territory for the year. The Dow is …
Dow Moves Back In Black
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks gained as Wall Street continued trucking higher on the previous day’s rally that sent the Dow back into the black for the year. Traders focused mostly on more earnings reports and corporate deals as they debated whether Monday’s stock market surge was the start of a lasting year-end rally. Equities, which …
Stocks Begin November With A Bang And A New Buy Signal For Domestic Equities
[Chart courtesy of MarketWatch.com] 1. Moving the Markets U.S. stocks kicked off November with nice rally as investors reacted to a batch of corporate deals, fresh economic data and anticipate another big week of corporate earnings. For first time since Aug. 18 the S&P 500 closed above 2100. The index is now at 2104.05 nearing its all-time closing high of …
Going Nowhere
[Chart courtesy of MarketWatch.com] 1. Moving the Markets It was a slow day on Wall Street today. All indexes ended slightly lower, mostly due to the fact that we heard a bit of disappointing news on the state of our economy. The government reported today that the economy grew at a slightly lower-than-expected 1.5% in the third quarter. That was …