[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks teetered back and forth most of the day only to close relatively unchanged. The Dow was the only index that posted gains, which were nominal but a continued path of record numbers. Eyes were on Janet Yellen today in her second day of Capital Hill testimony; however, her comments did not …
Continuing The Ascent
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks closed at record highs once again Tuesday as investors reacted positively to remarks from Janet Yellen and Greece won EU approval for its proposed budget reforms. Yellen, in her semi-annual speech before the Senate banking committee, used a word familiar to investors when she reiterated that the central bank will be …
Mixed Closing To Start Out The Week
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks closed mixed Monday as the Dow retreated from a record high but the Nasdaq managed to extend its winning streak to a ninth straight day. The S&P 500 was basically flat as oil prices fell back below $50 a barrel. In economic news, sales of existing homes fell 4.9% in January …
Stocks Close Mixed; Apple Interested In Tesla?
[Chart courtesy of MarketWatch.com] 1. Moving the Markets U.S. stocks closed with mixed results on the day amid corporate earnings and economic data. In earnings news, EOG Resources (EOG) declined after reporting earnings that missed analyst’s estimates, while Priceline (PCLN) closed up over 8% after posting better-than-expected earnings for its fourth quarter. As part of the good economic news today, …
Sloppy And Choppy Equals Unchanged
[Chart courtesy of MarketWatch.com] 1. Moving the Markets It was a wild ride, but in the end nothing was gained as the S&P 500 closed about unchanged. The struggle occurred mid-day as the Fed minutes were released, which emphasized that, despite much jawboning to the contrary in the recent past, a premature rate hike “would harm the economy.” So, who …
Stocks Regain Momentum To Finish The Day In The Black
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks began the day in the red, but all major indexes climbed back to close in positive territory. The big news of the day was that S&P 500 conquered 2,100 for the first time, another record closing. One of the primary drivers behind market gains today was the news that Greece will …