[Chart courtesy of MarketWatch.com] 1. Moving the Markets Equities climbed out of a deep dive Thursday, but the Nasdaq slid into negative territory for the calendar year as stocks posted their third straight loss. The Dow took a hit from Caterpillar (CAT) after the company announced it would be cutting up to 5,000 jobs by the end of 2016 and …
Stocks Continue Dropping; China Buying Big From Boeing
[Chart courtesy of MarketWatch.com] 1. Moving the Markets U.S. stocks posted a second straight day of declines but trimmed earlier losses to end only slightly in the red. Stocks have been on a consistent decline since late August, since fears around China’s slowing economy and global growth in general took hold. As you know, according to my Domestic Trend Tracking …
Stocks Recover Large Early Deficit—But Still Finish Lower
[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 …