[Chart courtesy of MarketWatch.com] 1. Moving the Markets The markets were back on track today as both the Dow and S&P 500 closed at record highs. The S&P 500 gained 0.5%, the Dow climbed 0.6% and the Nasdaq trumped as it gained 0.7%. As you may know, the Scotland independence debate has been all over the news and is hovering …
Edging Higher After A Dump, Pump And Dump Roller Coaster Ride
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The major indexes managed to eke out a small gain following a wild ride as a result of the Fed’s pledge to keep interest rates low for a “considerable time,” while ongoing concerns about “underutilization” in the labor market remain. No timetable for higher rates was announced, however, it appears that hikes …
Equities Jump Sharply Thanks To Two Assists
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The major indexes got two assists today, which propelled the markets out of the trading range with the S&P 500 making another assault at the 2,000 level after having been stuck below it for the past 1-1/2 weeks. China’s central bank got things started by announcing a boost in its stimulus measures …
Equities Continue To Trend Lower On Interest Rate Hike Speculation
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks ended mostly lower today, continuing on the down-slide from a sub-par performance last week. The S&P 500 dropped a slight 0.08%, the Dow gained 0.26% and the Nasdaq lost 1.06% on the day. The focus on interest rates remain front and center this week as markets anxiously await the outcome of …
A Shaky Start Followed By A Strong Finish
[Chart courtesy of MarketWatch.com] 1. Moving the Markets After slumping early one, the major indexes managed to climb out of a hole and, with the exception of the Dow, managed to squeeze out a tiny gain. Not helping matters early on were worse than expected jobless claims numbers, which followed last week’s disappointing labor market report. Crude oil finally found …
Stocks Get Over The Hump On Hump Day
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks rebounded today from two straight days of losses. All major indexes advanced. Notable gains on the Nasdaq seemed to be led by Apple (AAPL), as its shares headed back up 3.1% to rise above the $100 mark again. Yesterday, Apple’s stock went on a wild ride throughout its numerous product announcements, …