[Chart courtesy of MarketWatch.com] 1. Moving the Markets Major indexes broke their two day losing streak today. All of them closed in positive territory, pushed higher by updated news of the euro zone’s quantitative easing program. The ECB will officially begin a 1 trillion euro bond-buying program on March 9th. President Mario Draghi indicated during a press conference today that …
March Greets Investors With A Spring Sprint
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Markets were in a tizzy today because the Nasdaq closed above 5,000 for the first time since 2000. In addition, the dollar has been raging upwards in valuation over the past couple of months and closed today at an 11 year high on expectations that the Fed may raise interest rates later …
Indexes Drop Across The Board; Softer Blow For Nasdaq Due To Vertex Announcement
[Chart courtesy of MarketWatch.com] 1. Moving The Markets U.S. indexes fell across the board on Tuesday (see above chart), largely due to drops in blue-chip stocks such as Exxon Mobil (XOM), Verizon (VZ) and American Express (AMEX), which all fell more than 1% on the day. One of the biggest market movers today was Vertex Pharmaceuticals (VFTX). The stock gained …
Markets Continue Their Rollercoaster Ride; China’s Gold Appetite
[Chart courtesy of MarketWatch.com] 1. Moving The Markets The S&P 500 rose today, along with all ten industry sectors. While the markets have rebounded well over the past two days, all three major indexes remain down for the month and the year. We saw positive earnings reports from both Coca-cola (KO) and Johnson & Johnson (JNJ) today as traders remain …