[Chart courtesy of MarketWatch.com] 1. Moving The Markets We received some good news regarding unemployment today. A report came in that showed the number of people who filed for unemployment benefits fell last week to the lowest level in three months. This report was one of the first bits of good news investors have received on the economy after weeks …
Stocks Fairly Quiet Today After Big Rally Yesterday
[Chart courtesy of MarketWatch.com] 1. Moving The Markets It was a pretty quiet day in the markets today with no index really moving substantially in either direction amidst some uneventful economic news. The Fed, in its Beige Book review of regional conditions, said today the economy in most sectors grew last month despite impediments from the harsh winter weather. However, …
Stocks Make A Comeback; Radioshack To Close More Stores
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Stocks returned with a bang today and once again we saw the S&P 500 close out the day at a new record high. Yesterday, the Ukraine conflict had investors biting their nails, but as tensions eased today (with Putin saying he would only use force as a last resort) those same investors …
Ukraine In Turmoil, But U.S. Economy Still Looking Good
[Chart courtesy of MarketWatch.com] 1. Moving The Markets The crisis in Ukraine seems to have investors a bit jittery as the major indexes gave back some of last week’s gains. As escalating military tensions in Ukraine dominated news today, the better-than-expected economic reports we received did little to soften selling across the markets. The Ukraine worries brought about a market …
S&P’s Performance Bodes Well As We Head Towards March
[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 …