[Chart courtesy of MarketWatch.com] Moving the Markets It seemed like forever, but it’s been only 28 days of treading water before upward momentum was sufficient enough to conquer the 20k milestone. Looking back to the 800 plus point drop in the Dow during election night, which appeared to signal a return to bear market territory, it’s been a truly remarkable …
Markets Reacting Awkward Despite Solid Earnings Reports
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks ended mixed today, apart from the Dow, which climbed for an eighth straight day and notched a new closing high. While the S&P 500 closed in the red today, don’t forget that the index is coming off another record high recently, and both the S&P 500 and the Dow are now …
Mission Accomplished: S&P 2,100 And Dow 18,000
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Markets are feeling warm and fuzzy after returning to familiar 2015 stomping ground of 18,000 for the Dow and 2,100 for the S&P 500. As was to be expected, some analysts are now even predicting that the Dow could climb to 18,700 over the next year and a half, largely driven by …
Big Gains On Wall Street—A New Domestic Buy On The Horizon?
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks jumped Thursday, the Nasdaq gaining 1.8% and the Dow climbing 217 points amid mixed profit results from major banks and as less-than-stellar incoming economic data lowered chances of Federal Reserve interest rate hike later this year. The rebound came a day after shares tumbled sharply after giant retailer Walmart (WMT) warned …
Stocks Recover Large Early Deficit—But Still Finish Lower
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Renewed fears over China’s economic growth, a fresh rout in commodity markets and continued uncertainty over a Fed rate hike later this year triggered a heavy sell-off on Wall Street today. All three major benchmark indexes fell over 1.0% to close out the day, recovering from even larger deficits earlier in the …
Markets End Lower For Fourth Straight Day
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Markets dropped again today following a weak reading on holiday retail sales and a disappointing earnings report from JPMorgan (JPM). The consensus amongst analysts regarding the lower earnings is that the bank has been dragged down by ongoing legal costs. Renewed turmoil in commodities also weighed on investors, as did a global …