[Chart courtesy of MarketWatch.com] 1. Moving the Markets The resurgent U.S. stock market kicked off the holiday-shortened week by slightly extending last week’s gains as investors digested a big rally that has turned stocks positive for the year and reacted to deals in the hotel, paint and data businesses. A flurry of M&A deals announced Monday gave an assist, including Starwood Hotels …
Stocks Power Higher Fueled By Short Covering
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks fared well and extended Friday’s short covering rally as traders returned from the long weekend and Wall Street reacted to news that Saudi Arabia, Russia, Qatar and Venezuela have agreed to cap crude production at January levels if other major producers, such as Iraq and Iran, follow suit. Of course, we …
Oil Pushes Markets Down A Slippery Slope
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Oil continues to be the dominant market mover in the early days of 2016. Stocks ended lower Monday as oil prices dropped more than 7% and fell back to around $30 a barrel. The drop in oil prices of late is mostly due to global oversupply. It appears that none of the …
No Headaches For Investors Tuesday
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Wall Street entered the second day of trading of 2016 on the defensive as investors still reeled from a global stock sell-off Monday and evaluated the most recent steps taken by Chinese authorities to stabilize markets and reduce jitters. Overnight, shares in mainland China stabilized with the help once again from government …
Stocks ‘Gearing Up’ For A ‘Winter Hike’
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks jumped Tuesday with the Dow gaining 157 points as the price of crude oil rallied for a second day and Wall Street awaits the Federal Reserve’s decision Wednesday on interest rate hikes. The Federal Reserve kicked off its two-day policy meeting Tuesday, and futures are pricing in a roughly 80% chance …
A Quiet And Mixed Tuesday
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Today was a relatively lackluster scene on Wall Street, wherein the Nasdaq finished a bit lower and the S&P 500 and Dow a bit higher. Apple (AAPL) moved markets a bit early on in the day, shortly after a report was released from Credit Suisse which hinted that the company has decreased …