[Chart courtesy of MarketWatch.com] Moving the markets The Fed finally raised the interest rate by 0.25%, as everyone expected. The markets cheered at first, but then realized that the party was over and went back to their gloomy mood. Only the Dow managed to stay positive by a hair. The problem was that the Fed didn’t sound too confident about …
Dow Defies Earnings And Fed Jitters, Extends Record Run
[Chart courtesy of MarketWatch.com] Moving the markets The Dow kept its winning streak alive for the 12th day in a row, shrugging off mixed earnings and the looming Fed decision on rates. Traders and algos were in a bullish mood, pushing the index to its highest level in six years. Some earnings highlights: GM skidded 4% even after raising its …
Fed Hike Looms as Economy Weakens
[Chart courtesy of MarketWatch.com] Moving the markets The stock market had a decent day, except for the Nasdaq, which barely moved. It managed to squeeze out a tiny gain of +0.19% in the final minutes, but that’s hardly impressive. This week will be packed with events that could shake up the markets, such as the Fed and ECB meetings on …
Nasdaq Nosedives As Chipmaker Slashes Outlook
[Chart courtesy of MarketWatch.com] Moving the markets The Dow managed to squeeze out a tiny gain for the 9th day in a row, but the rest of the market was not so lucky. The S&P 500 fell, and the Nasdaq took a big hit. Johnson & Johnson’s strong earnings helped the Dow, but there was no sign of a short …
Dow Ignores Goldman Sachs Flop, Rises For Eighth Day With Short Squeeze Help
Moving the markets The Dow Jones Industrial Average had another good day on Wednesday, rising for the eighth day in a row with some help from the short squeeze crowd. That’s the longest streak of gains since September 2019, as investors celebrate the strong earnings season, ignoring the fact that the expectations were low to begin with. The Dow didn’t …
Gold Shines as Stocks Rally on Strong Earnings and “Goldilocks” Economy
[Chart courtesy of MarketWatch.com] Moving the markets Bank stocks BoA and NY Mellon beat earnings expectations and lifted the market mood, while the short squeeze craze fizzled out. Morgan Stanley and PNC Financial also impressed investors with strong results, especially in wealth management for Morgan Stanley. According to FactSet, the earnings season is off to a flying start with 84% …