[Chart courtesy of MarketWatch.com] 1. Moving The Markets The S&P 500 had moved above its previous record many times this week, only to fade in the afternoon. After coming close, the index finally reached an all-time high today. Strong earnings from a number of U.S. companies, including the drugmaker Mylan and several retailers, provided just enough jet fuel to keep …
Positive Housing Numbers Help Market Sentiment; Tesla Still On Fire
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Overall, the markets held up well today. By the end of trading some major indexes posted gains while others dipped slightly. Some analysts say that the S&P 500 may be hitting a key resistance level as we have seen the index approach, but fail to break through its all-time high over the …
Equities Have A Flat Tuesday, But Where Did All The Bitcoins Go?
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Stocks traded pretty flat for most of the day, and all the major indexes finished in the red zone. Some analysts blame the February Consumer Confidence reading of 78.1, which was lower than the consensus of 80.1. Macy’s (M) released some positive earnings numbers which showed profits increased 11% during the Q4 …
Markets Start Week With A Bang
[Chart courtesy of MarketWatch.com] 1. Moving The Markets The U.S. markets started the week out with a bang. The S&P 500 (SPX) hit an all-time intraday high of nearly 1,859.00 and finishing up 0.6%. Gains were broad across the board, with nine of the ten S&P 500 sectors up on the day. The market seems to be gaining momentum as …
U.S. Manufacturing Keeps Growing; Tesla Continues To Zoom
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Overall, domestic and global markets performed well today. Here in the U.S., the S&P 500 climbed 0.6%, the Dow gained 0.7% and the Nasdaq composite rose 0.5%. A survey (from Markit) came in today that showed U.S. manufacturing expanded at the fastest pace in almost four years, which boosted investor confidence in …
Not A ‘Fed Minute’ Too Soon
[Chart courtesy of MarketWatch.com] 1. Moving The Markets The ‘Fed Minutes’ were perhaps the biggest headline and market mover today. Recent economic data has been disappointing, particularly in the job and housing markets, which has raised questions about the Fed’s future tapering plans. Some of the sluggishness appears to be due to the snowy weather across the country, but despite …