[Chart courtesy of MarketWatch.com] 1. Moving the Markets Markets recovered from a steep drop early on during the trading day, but were unable to climb back up to break even by the closing bell as the chart above shows. The day’s losses were pretty broad, with nine of the 10 primary S&P 500 sector indexes ending in negative territory. The …
Markets Continue Up, Except For Our Good Friend The Nasdaq; A Glance At Gold
[Chart courtesy of MarketWatch.com] 1. Moving The Markets The S&P 500 and the Dow both edged to new highs again today, while the Nasdaq resumed its oh too familiar slide. Cisco Systems Inc (CSCO), which is set to report its quarterly earnings results on Wednesday, was the biggest drag on the Nasdaq. The stock slid 1.4%. It was a big …
Markets Continue Their Rollercoaster Ride; China’s Gold Appetite
[Chart courtesy of MarketWatch.com] 1. Moving The Markets The S&P 500 rose today, along with all ten industry sectors. While the markets have rebounded well over the past two days, all three major indexes remain down for the month and the year. We saw positive earnings reports from both Coca-cola (KO) and Johnson & Johnson (JNJ) today as traders remain …
Markets Affected By China Data, But Bulls Continue To Charge Forward
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Wall Street fell Monday morning, a day after the current bull market’s fifth anniversary, weighed down by unexpectedly weak trade data from China, which resulted in a halt to the market’s record performance. Data out over the weekend showed that Chinese exports in February dropped 18.1% from a year ago, versus expectations …
Nasdaq Is Streaking Again; Cold Weather Still Drawing Bulls To Gas And Oil
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Stocks edged a bit higher today. The Dow lagged the other leading indexes, weighed down by Coca-Cola (KO) after reporting weak Q4 results; the Nasdaq, however, rose to 13-year highs amid an eighth straight session gain, which it has not experienced since July 2013. Tesla Motors Inc (TSLA) hit an all-time high …
Equity Markets Drop Again; Gold Glitters
[Chart courtesy of MarketWatch.com] 1. Moving The Markets The Fed announced today that it will reduce its monthly bond buying plan by an additional $10 billion, despite signs of turmoil across emerging markets recently. The announcement added volatility to the markets today and thus global and domestic equity markets fell accordingly as the chart above shows. Boeing Co. (BA) led …
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