[Chart courtesy of MarketWatch.com] 1. Moving the Markets The Dow and S&P 500 just barely managed gains, as investors await a big week of earnings reports and reacted to data out of China showing GDP growth below 7%. The good news…after suffering its first 10% correction this summer, the Dow has rebounded in recent weeks. The blue-chip index has finished …
Big Gains On Wall Street—A New Domestic Buy On The Horizon?
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks jumped Thursday, the Nasdaq gaining 1.8% and the Dow climbing 217 points amid mixed profit results from major banks and as less-than-stellar incoming economic data lowered chances of Federal Reserve interest rate hike later this year. The rebound came a day after shares tumbled sharply after giant retailer Walmart (WMT) warned …
Earnings Drag Markets Down
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Markets closed lower today after a lackluster bunch of quarterly earnings reports. The reports gave a somewhat confirming nod to speculative investors that the U.S. and global economy will may experience a slowdown over the next year, As far as earnings go, Walmart (WMT) shares experienced their lowest one-day drop in nearly …
Seven Day Streak Snapped; Earnings Disappoint
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The Dow’s seven day winning streak was snapped today as stocks sank on fresh data showing China’s economy is slowing and investor angst amid the third-quarter earnings season. The latest news out of China reaffirms fears of a slowdown in the world’s second-largest economy and again has everbody wondering whether the slowdown …
Markets Keep Climbing On Columbus Day
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The Dow Jones industrial average, coming off its biggest weekly gain since February, ended modestly higher to post its seventh-straight session of gains as Wall Street awaited the barrage of corporate earnings reports, which begin tomorrow. The S&P 500 and Nasdaq both performed well today also. The question remains: “Is this a …
Rally Continues On Wall Street; Alcoa Disappoints
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The stock rally on Wall Street picked up steam Thursday as investors focused on the Federal Reserve’s continued worries about low inflation after the release of minutes from the Fed’s latest policy meeting. The Dow and S&P 500 had earlier flirted above and below the break-even marks of 17,000 and 2,000. But …