Markets Reacting Awkward Despite Solid Earnings Reports

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[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 …

Markets Keep Climbing On Columbus Day

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[Chart courtesy of MarketWatch.com] 1. Moving the Markets The Dow Jones industrial average, coming off its biggest weekly gain since February, ended modestly higher to post its seventh-straight session of gains as Wall Street awaited the barrage of corporate earnings reports, which begin tomorrow. The S&P 500 and Nasdaq both performed well today also. The question remains: “Is this a …

Indexes Close Mixed As Energy Stocks Rally On Higher Oil Prices

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[Chart courtesy of MarketWatch.com] 1. Moving the Markets The major indexes closed mixed as energy stocks rallied on higher oil prices, which tech stocks lagged. The Dow moved back above 18,000, but there was no real momentum of note in trading today. Wells Fargo (WFC) reported that first-quarter earnings fell to $5.8 billion, or $1.04 per share. The results beat …

Post Holiday Hype Fades On Tuesday

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[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks withered early gains and fell sharply in the last hour of trading, as the major indexes closed lower, breaking a two-day bunny hop winning streak. April has always been a volatile month, as investors are typically on edge in advance of Q1 earnings season. First-quarter earnings season kicks off Wednesday as …

Markets Move Down Sharply; Damage Is Limited Thanks To Late Day Rally

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[Chart courtesy of MarketWatch.com] 1. Moving the Markets Well, volatility continued to shake markets today as the S&P 500 fell 0.84%, the Dow dropped 1.06% and the Nasdaq declined 0.29%. It could have been a lot worse, as the Dow was down at one point by some 400 points. However, there were six stocks in the Dow that posted notable …

Stocks Rally Early; But End Up Subdued By Yellen’s Remarks

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[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks were rallying early today, riding the wave up from yesterday, however, the momentum was brought to halt shortly after Janet Yellen made a comment about the stock market being “substantially stretched” in terms of valuations. The Dow ended the day barely above water by 0.03%, while the Nasdaq lost 0.5% and …