[Chart courtesy of MarketWatch.com] 1. Moving the Markets U.S. stocks dropped on Monday with the Dow stumbling more than 100 points. The S&P 500 retreated more than 0.8% and the Nasdaq gave back more than 0.7%. Falling oil prices were the culprit that dragged down the energy sector. U.S. crude fell more than 4% to close the day at $63.05 …
Stocks Move Into The Red On ECB’s Decision To Hold Off On Stimulus
[Chart courtesy of MarketWatch.com] 1. Moving the Markets If you read the article yesterday, then you may remember me mentioning that investors would be paying close attention to the ECB’s move on buying bonds to stimulate the Eurozone. Well, today we heard that the European Central Bank decided not to implement a U.S. style stimulus and markets took a small …
Markets Remain On Fire Headed Into The Snowy Season
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Another day of record highs for the S&P and Dow. Surprised? Not really. Both the S&P 500 and the Nasdaq rose 0.38%, while the Dow gained 0.18%. Again, the continued increase in the S&P 500 bodes the question; will it hit 2,100 by the end of the year? Energy stocks led gainers …
The Dow Tops Off Another Record Close After Cyber Monday
[Chart courtesy of MarketWatch.com] 1. Moving the Markets All major indexes gained today after a lethargic trading session on Monday. Again, the Dow hit a new record close as all three major indexes gained about 0.6% today. Over the past couple of weeks, we have seen energy stocks take a big hit due to falling oil prices. However, oil stocks …
Indexes Stumble And Head South
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Finally, the relentless upward march into record territory came to an end, at least for the time being, as equities headed south with the S&P 500 giving back a modest 0.7%, which was its largest one-day loss in more than a month. Contributing to the sour sentiment was not only Apple’s mini …
Stocks Plow Forward Heading Into The Holiday Season
[Chart courtesy of MarketWatch.com] 1. Moving the Markets All major indexes closed higher today, with the Dow and S&P 500 once again setting new highs as the chart above shows. We saw a mixed bucket of economic data today. Orders for long-lasting manufactured goods rose in October, but a key category that tracks business investment plans declined sharply for a …