[Chart courtesy of MarketWatch.com] 1. Moving the Markets OPEC and oil were the largest market movers today. Imagine my surprise when news came in during mid-day trading that OPEC was not able to seal a deal on capping oil production. The failure to reach a decision underscores the increasingly conflicted interests within the organization. Two members in particular, Saudi Arabia …
Markets Move Lower; No Good News From Greece
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Markets shifted lower today amidst mixed domestic data, higher bond yields and (believe it or not) renewed concerns over Greece. After a myriad of budget cuts, a million lost jobs, 250,000 closed businesses and nearly 240 billion euros ($267 billion USD) in rescue loans, the country is once again on the brink …
Indexes Close Mixed As Energy Stocks Rally On Higher Oil Prices
[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 …
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 …
Corporate Earnings Continue To Impress Investors
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Another big week of corporate earnings announcements is underway and markets reacted well to positive earnings announcements from companies such as Haliburton (HAL), Netflix (NFLX) and Hasbro (HAS). The S&P 500 gained 0.4% ending the day exactly where we started on April 1st. The continued climb of the markets over the past …