[Chart courtesy of MarketWatch.com] 1. Moving The Markets The stock market returned to record levels today as investors regained their appetite for riskier stocks. All major indexes gained, as the intra day chart above shows. Internet stocks, which have taken quite a beating over the past month, pulled a turnaround, with Twitter (TWTR) and Facebook (FB) at the top of …
Market Sways—But Closes In Positive Territory
[Chart courtesy of MarketWatch.com] 1. Moving The Markets The market swayed back and forth today, but finished in positive territory across the board with the exception of the Nasdaq. And, despite today’s intraday volatility and chaotic price action, many major market indexes are not far from all-time highs. Although markets ended up for the day, there was a notable selloff …
Stocks Pull Back, But Corporate Earnings Continue To Deliver
[Chart courtesy of MarketWatch.com] 1. Moving The Markets The stock market pulled back today after a solid six consecutive days of gains. The S&P 500 dropped 0.24%, the Dow finished down 0.07% and the Nasdaq led the pack dropping 0.83% on the day. Apple (AAPL) captured headlines today after reporting that it sold 43.7 million iPhones in Q1, which was …
Keep Those Corporate Earnings Reports Coming!!
[Chart courtesy of MarketWatch.com] 1. Moving The Markets U.S. stock markets continued their rally today, driven largely by positive corporate news and earnings announcements. The major indexes all gained as the chart above shows. The health-care sector led the eight of ten S&P 500 sectors that finished higher on the day. Driving health-care gains was the news from the pharmaceutical …
US Equities Get Spanked; AKA When Good News Is Bad News
[Chart courtesy of MarketWatch.com] 1. Moving The Markets What a difference a day makes. After the markets fell in love with yesterday’s Fed minutes, which caused a nice rebound rally, today it was back to reality as the major indexes reversed affected by the same suspects during the last sell off, namely technology and biotech sectors with IBB losing 5.61%. …
Markets React Well To Fed Minutes; Biotech Back In Focus
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Major U.S. indexes rose broadly Wednesday, helped by a report out of the nation’s central bank that showed Fed policymakers want to be absolutely certain the U.S. economy had recovered before starting to raise interest rates. Feeling at ease that the Fed won’t raise rates until sometime next year, investors seemed to …