[Chart courtesy of MarketWatch.com] 1. Moving The Markets U.S. stock indexes ended up pretty much where they started on Thursday, a day after a powerful surge. It seems financial markets were still digesting the Fed’s move on Thursday. While stocks were holding close to record levels, Treasury yields climbed, the dollar rose and gold slumped to its lowest in more …
Positive Signs From The Fed Power Market Rally
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Stocks surged Wednesday, lifting the Dow Jones industrial average nearly 300 points, after the Fed decided it was time to start modestly scaling back its program designed to boost America’s growth along with the stock market. The central bank cited a stronger jobs market and an improving economy. This has largely been …
Stocks Remain Idle; Facebook To Sell Video Ads
[Chart courtesy of MarketWatch.com] 1. Moving The Markets U.S. stocks were flat on Tuesday, with investors reluctant to make big bets before results of the latest Federal Reserve policy-setting meeting, which could give some clarity as to when the central bank will begin trimming its stimulus. The CBOE Volatility index VIX, a measure of investor anxiety, dipped 0.9 percent. Earlier, …
SPY Snaps 4-Day Losing Streak
[Chart courtesy of MarketWatch.com] 1. Moving The Markets The bulk of today’s advance occurred shortly after the open as the Dow, Nasdaq, and S&P 500 notched their highs during the initial 30 minutes. Despite today’s gain, the benchmark index remains lower by 1.1% in December. The energy sector (+1.0%) displayed strength from the open after its largest component, Exxon Mobil …
A Choppy Day On Wall Street; Jobless Claims Up
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Stocks extended losses in choppy trading amid mixed retailer sales and jobs data. In the tech world, Oracle (ORCL) stock slipped Thursday after the database leader was downgraded by Morgan Stanley and RBC Capital on valuation, worries over China’s IT spending and growing competition from cloud computing vendors. Facebook (FB) popped 5% …
Euro Continues To Climb—Equities In The Red—Facebook To Join S&P 500
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Domestic Equities posted their largest drop in a month, with traders locking in recent gains after a provisional budget deal out of Washington. The bipartisan budget agreement reached late Tuesday would end three years of political confrontations and fiscal instability in Washington. The final Fed policy statement of the year is expected …