[Chart courtesy of MarketWatch.com] 1. Moving the Markets A pause sure was in order after last week’s push into record territory. The major indexes pulled back as the chart above shows. The focus remains on earnings with the name of the game being to beat the already lowered expectations. After the closing bell, Apple managed to beat handsomely by posting …
Nasdaq Tops Record High For First Time Since 2000
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The previous record high (5,048.62), which dates back to March 10, 2000 at the prime time height of the dot-com bubble, was surpassed today by about 12 points. What does the new record high mean exactly? Well, in the simplest sense it means that the Nasdaq has finally completely recovered 15 years …
Earnings Reports Continue; No Major Impact On Markets
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Equities rose as the major indexes moved closer to record levels, and a tech stock rally sent the Nasdaq to a new 2015 closing high. In earnings news, Dow giants McDonald’s (MCD) and Coca-Cola (KO) helped boost the blue-chip index higher as shares of MCD jumped 3.1% and KO rose 1.3% on …
Mixed Earnings News Leaves Markets In Flux
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks closed mixed as the Nasdaq jumped back above 5,000 but the Dow was dragged lower by mixed earnings news. At the top of headlines today was Yahoo! (YHOO). The company missed earnings and revenue forecasts for Q1, which sorely disappointed investors that were hoping for a rebound to start off 2015. …
As Oil Trends Up, Stocks Go Down
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks fell in late trading and closed slightly lower as the rebound in oil prices continued and investors assessed another batch of corporate earnings reports. It was a great day for IPOs. Shares of four companies all rose on their first day of trading. Online craft company Etsy (ETSY) rose 88% to …
Markets Climb On Positive Earnings Reports
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Netflix (NFLX) was all over the news today. The stock surged more than 12% today after the public welcomed earnings news that the company’s revenue jumped 24% and membership surpassed 60 million global users. The Nasdaq composite index reacted accordingly, jumping back above the 5000 mark for the day to close at …