[Chart courtesy of MarketWatch.com] Moving the markets For a while it seemed that ‘bad news’ is ‘bad news’ again, as an early rebound reversed and sent the major indexes back into the red. After all, with the shutdown continuing, China talks going nowhere, the VIX spiking and GDP warnings of zero percent, the way of least resistance was down. However, …
Dow Slices Through The 20,000 Milestone Marker
[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 …
Mixed Earnings Reports Pull Stocks Lower
[Chart courtesy of MarketWatch.com] 1. Moving the Markets A hazy batch of earnings reports were the culprit for the small losses on Wall Street today. The Dow ended the day down a scant 14 points after bouncing in and out of negative territory. IBM (IBM), which is the Dow’s largest component, dragged the index down after weak hardware sales and …
Techs Drag Dow
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Equities pulled back as a result of IBM and United Technologies putting the first negative on the board this earnings season just prior to the heavyweights, Apple and Microsoft, issuing their quarterly report cards after today’s close. The major indexes are still near record highs and, after having been on a tear …
3rd Straight Day Of Gains
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks ended higher as investors were encouraged by reports that the ECB was poised to unveil further stimulus measures. Investors on Wall Street have been looking for more aggressive measures from central banks of recent, specifically the ECB, to combat the risk of deflation and a weakening euro zone economy. Domestic stocks …