[Chart courtesy of MarketWatch.com] 1. Moving the Markets In an abrupt reversal from yesterday’s pullback, the markets shifted into high gear and never looked back, as reports of alleged positive debt negotiations in Greece proved to be a sufficient driver to overcome the bearish crowd and recoup some of the losses. The main beneficiary was the Nasdaq which saw enough …
Stocks Lag After Holiday Weekend
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Well, I hope your holiday was enjoyable, because today was not for most investors. The Dow tumbled sharply and posted its worst day in May as a stronger U.S. dollar and mixed economic data rattled investors. The downturn was broad-based as all 10 of the S&P 500 sectors were lower and all …
Stocks Fall From Intra-Day High
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks ended mixed after a short-lived bump, caused by the release of the minutes from the last Federal Reserve meeting, which showed a June rate hike was unlikely. Federal Reserve policymakers said last month that they were unlikely to raise interest rates in June because of the economy’s recent sluggish performance, according …
Losing Steam
[Chart courtesy of MarketWatch.com] 1. Moving the Markets It was a struggle for the indexes today, as the upward momentum of the last few days waned and even a last hour rebound lacked spunk and turned out not to be enough for the S&P and Nasdaq to cross above the unchanged line. Energy stocks sold off sharply as oil prices …
Stocks Move Higher For Third Straight Day; M&A News Back In Headlines
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks jumped in afternoon trading Monday as investors sent the Dow and S&P 500 up for a third straight session and to new record closing highs. The market’s latest rise is due in large part to the idea that an interest rate hike from the Federal Reserve is still due later this …
Stocks Back On Top Heading Towards The Weekend
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks rallied after three straight days of losses for the S&P 500 and Dow, which on Thursday logged a new closing high and jumped nearly 200 points. In market movers today, Facebook (FB) climbed 3.7%. The jump added to a 1.3% gain yesterday after the company reached a deal with New York …