[Chart courtesy of MarketWatch.com] 1. Moving the Markets U.S. stocks had a “9th inning rally” today, as they were able to overcome substantial early day losses and close higher across the board. Investors were anxious as the day began, given the recent devaluation of the RMB and the rising concerns about the health of China’s wobbly economy. Given China’s clout …
It Was All About Tech Today
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks gained today with the Dow climbing 82 points as investors shook off growing concerns about overvalued stocks and rising interest rates. Markets broke a 2-day losing streak; however, the mood remained cautious after comments by Janet Yellen Wednesday that suggested stocks are generally overvalued. Lady Yellen said market valuations were generally …
May Is Rockin’ And Rollin’ So Far
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Markets moved higher to start the week, led by a batch of strong corporate earnings reports and positive news from Europe. Most sectors posted gains, even energy despite the fact that oil prices were down today. Oil dropped about 22 cents to settle at $58.93 a barrel on the NYME. Earnings season …
Markets Bullish On Fed Sentiment; Windows 10 This Summer?
[Chart courtesy of MarketWatch.com] 1. Moving the Markets In a statement, the Fed, as expected, did drop its promise to be “patient” as it weighs interest rate hikes. Still, investors reacted bullishly to the suggestion that rate hikes were not baked in for June either, as feared, which potentially pushes out the first rate hike even later in the year. …
Stocks Break 2-Day Losing Streak
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks staged a strong afternoon rally and closed higher today as the major indexes broke a two-day losing streak. Utilities led the way for the S&P 500, as all ten sectors of the index posted gains. In tech news, shares of Alibaba (BABA) plunged 8.5% after the Chinese Internet giant reported revenue …
New Records For S$P 500 And Dow
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The bond markets were closed in observance of Veteran’s Day, so trading in equities was thin, which may have contributed to the continuation of the rally. It was a see-saw session, as the chart above shows, but the major indexes managed to close in the green despite no economic data points. In …
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