[Chart courtesy of MarketWatch.com] 1. Moving The Markets U.S. stocks experienced a late day sell off that brought the benchmark indexes to a 4-month low. The sell-off was primarily a reaction to the weak December jobs report and the Fed’s comments about further reducing the stimulus. The December jobs report claimed that only 74,000 jobs were added in December, which …
Market Still Yet To Break Out Of 2014 Slump
[Chart courtesy of MarketWatch.com] 1. Moving The Markets The S&P 500 index eked out a marginal gain today, while the Dow Jones Industrial Average dropped, weighed down by losses for Verizon Communications Inc. (VZ) and AT&T Inc. (T). Bed Bath & Beyond Inc. (BBBY) shares fell 12.5% after the retailer reported fiscal third-quarter earnings and trimmed its outlook late Wednesday. …
Sloppy And Choppy
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Market behavior can only be described as sloppy today after the minutes from the FOMC meeting showed, what only few analysts had assumed, that the effects of the Fed’s asset purchases have a diminishing effect over time. The general consensus had been that the recent tapering effort was supported by an improving …
Bounce Back Tuesday
[Chart courtesy of MarketWatch.com] 1. Moving The Markets U.S. stocks rallied today, helped by data showing a smaller-than-expected trade gap and gains by health-care stocks following an upgrade for UnitedHealth Group Inc. UnitedHealth Group Inc. (UNH) +3.06% performed best among Dow components and provided a boost to the blue-chip index after Deutsche Bank upgraded the company on Tuesday to buy …
A Mixed Monday Upon Service Sector News
[Chart courtesy of MarketWatch.com] 1. Moving The Markets U.S. equities slipped on Monday after a mixed batch of economic reports, which showed a slowdown in growth in the U.S. services sector and a rebound in new orders for factory goods. The pace of growth in the U.S. services sector slowed for a second straight month in December with business activity …
First Day Of Trading Seems Sour, Economy Looks Sweeter
[Chart courtesy of MarketWatch.com] 1. Moving The Markets U.S. stock indexes posted their largest decline in three weeks on the first trading day of 2014, after the benchmark S&P 500 finished its best year since 1997. Oil and gas producers were among the hardest hit following a 3% drop in oil prices to under $96 a barrel as Libya prepares to …