[Chart courtesy of MarketWatch.com] 1. Moving the Markets Equities closed mixed today as an early rally on Wall Street slowly faded and gave back strong gains. Stocks jumped early in the trading session after yesterday’s big rebound, as Wall Street digested favorable data on the services sector of the U.S. economy and reassuring comments from the European Central Bank. It …
Dow Swings Back Into The Black
[Chart courtesy of MarketWatch.com] 1. Moving the Markets A tech rally today helped Wall Street stage a rebound that sent the Dow up almost 300 points and pushed the Nasdaq back into positive territory for the year. The rally was broad-based as all ten of the S&P 500 sectors rose with technology and industrials leading the way. Investors were encouraged …
In True Form September Begins Shaky
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Well, the trading month of August was a wild ride for us all. August 2015 chalked up to be the worst month for the Dow since May 2010 and the stock market’s first 10% correction in four years. Investors remained nervous over fears of a move by the Fed to raise rates …
Markets Smash Hopes About Stability
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Uncertainty about the timing of Federal Reserve rate hikes and persistent fears about a China slowdown continued to weigh on financial markets after last week’s wild ride. Investors thought stocks may have stabilized by the end of last week, however, indexes tumbled and oil prices surged Monday as Wall Street closed out …
Indexes Continue Rising Despite China Concerns
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks surged again as Wall Street built on the Dow’s historic rally Wednesday. Order is now allegedly restored in the U.S. stock market following its first dip into correction territory in four years. Investor angst is on the decline and stock prices were again on the rise following the Dow’s nearly 620-point, …
A Rebound With Legs Or Another Dead Cat Bounce?
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The Dow rebounded big time today, surging nearly 620 points, which is its third-best daily point gain ever and best since 2008. This finally ended a painful six-day losing streak and gave Wall Street the signs of stabilization it has been craving after its worst rout in four years. Giving the markets …