[Chart courtesy of MarketWatch.com] 1. Moving The Markets On this very April Fool’s day, domestic equities rallied for the second day in a row, powered by consumer and technology stocks, and pushed the benchmark S&P 500 to an all-time high as the chart above shows. Optimism prevailed as the ISM index rose in March indicating that the economy may not …
First Quarter Was Shaky; But Ends On A Positive Note
[Chart courtesy of MarketWatch.com] 1. Moving The Markets The first quarter of 2014 has officially come to a close. The first three months of the year rattled investors to say the least. From tensions between Russia and the West over Ukraine and the winter storms that froze the U.S. economy in January and February. As a result, investors focused their …
Major Market Indexes Continue Backtracking; Office For iPad?
[Chart courtesy of MarketWatch.com] 1. Moving The Markets U.S. stocks fell today, erasing most of the S&P 500’s year-to-date gain, as banking and technology stocks led the selloff. The S&P 500 lost 0.19%, the Dow dipped 0.03% and the Nasdaq Composite dropped 0.54%. The S&P was able to remain above 1,840 though, which has become a benchmark support level recently. …
Heading Down A Slippery Slope
[Chart courtesy of MarketWatch.com] 1. Moving The Markets The markets continued their predictable pattern of being inconsistent today. After starting the day higher following an encouraging report on orders for manufactured goods, stocks drifted lower in afternoon trading Wednesday and gave up their gains from a day earlier. Facebook (FB) led the technology sector lower as investors gave the company’s …
Markets Remain Bumpy; FB Makes Another Acquisition
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Equities bounced back today from a previous two day decline. Investors reacted well to a favorable reading on consumer confidence that showed positive signs of growth for the U.S. economy. All of the major indexes gained as the chart above shows. Additionally, nine of the ten industry groups in the S&P 500 …
Stocks Start The Week On A Down Note; Tech And Healthcare To Blame
[Chart courtesy of MarketWatch.com] 1. Moving The Markets U.S. stocks took a tumble today, with the Nasdaq realizing its biggest daily percentage drop since early February, as some of the market’s recent best performers like technology and biotech shares led the way down. Weakness in the health care sector (XLV) also dragged the U.S. stock market lower. Pharmaceuticals got spanked …