[Chart courtesy of MarketWatch.com] 1. Moving the Markets We have all been wondering when the Dow was going to move back into positive territory after a seven day losing streak. Well, today investors had their rally caps on apparently. The Dow jumped 242 points It was the biggest gain for the blue-chip index since May 8. The Dow recouped a …
Dow Down For Sixth Straight Day
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks ended lower as the Dow shed 120 points, marking its sixth consecutive day of losses. The down-slide has come while Wall Street has been bracing for Friday’s employment report and the potential hints the jobs data might provide about the timing of an interest rate hike by the Fed. Domestically, in the world of …
Disney Pulls Down The Dow
[Chart courtesy of MarketWatch.com] 1. Moving the Markets While most indexes managed to close above the unchanged line, the Dow ended up slipping thanks to a weak performance in energy and Disney. The early rally was based on hope that odds of an interest rate increase by the Fed next month subsided a bit due to a soft reading on …
Dow Falls For Fourth Straight Day
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Shares of Apple (AAPL) fell 3.2%, making it the biggest losing stock of the Dow. The tech giant is under pressure as worries about an economic slowdown in China raises concerns about its biggest growth market. On the economic front, investors continue to focus (speculatively) on when the Fed will boost interest …
Oil Slump Pulls Indexes Down
[Chart courtesy of MarketWatch.com] 1. Moving the Markets I could have been a lot worse, but the major indexes found some footing late in the day and managed to limit the downside damage with the S&P making up more than half of its intra-day losses. But then again, after last week’s nice gains, a pause was in order. Weak economic …
Treading Water
[Chart courtesy of MarketWatch.com] 1. Moving the Markets At the end of the trading session, the S&P 500 had hardly moved, despite some volatility early on, as the chart above shows. A mixed earnings picture pretty much cancelled out any positive or negative effect on the indexes. It looks like we’re still stuck in a wide sideways pattern with the …