[Chart courtesy of MarketWatch.com] 1. Moving The Markets The Christmas rally continued today with the Dow and S&P 500 eking out another record close during this Holiday-shortened session caused by a positive durable goods orders report. Big ticket items (aircraft and transportation equipment) rose 3.5% vs. an expected 2%. Home prices gained 8.2% in October from the same month last …
Major Indexes Continue To Rally; Dollar Expected To Appreciate In 2014
[Chart courtesy of MarketWatch.com] 1. Moving The Markets U.S. stocks climbed on Monday, with the Dow industrials and S&P 500 again closing at records, as Apple and Facebook led a rally in the technology sector and after data showed consumer sentiment at a five-month high and spending up in November. Facebook jumped as the social-networking site’s first day of trading …
Fed Decision Not Ideal For Gold
[Chart courtesy of MarketWatch.com] 1. Moving The Markets U.S. stock indexes ended up pretty much where they started on Thursday, a day after a powerful surge. It seems financial markets were still digesting the Fed’s move on Thursday. While stocks were holding close to record levels, Treasury yields climbed, the dollar rose and gold slumped to its lowest in more …
Positive Signs From The Fed Power Market Rally
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Stocks surged Wednesday, lifting the Dow Jones industrial average nearly 300 points, after the Fed decided it was time to start modestly scaling back its program designed to boost America’s growth along with the stock market. The central bank cited a stronger jobs market and an improving economy. This has largely been …
Stocks Remain Idle; Facebook To Sell Video Ads
[Chart courtesy of MarketWatch.com] 1. Moving The Markets U.S. stocks were flat on Tuesday, with investors reluctant to make big bets before results of the latest Federal Reserve policy-setting meeting, which could give some clarity as to when the central bank will begin trimming its stimulus. The CBOE Volatility index VIX, a measure of investor anxiety, dipped 0.9 percent. Earlier, …
SPY Snaps 4-Day Losing Streak
[Chart courtesy of MarketWatch.com] 1. Moving The Markets The bulk of today’s advance occurred shortly after the open as the Dow, Nasdaq, and S&P 500 notched their highs during the initial 30 minutes. Despite today’s gain, the benchmark index remains lower by 1.1% in December. The energy sector (+1.0%) displayed strength from the open after its largest component, Exxon Mobil …