Major Indexes Sag As Tax Reform Acrobatics Continue

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[Chart courtesy of MarketWatch.com] Moving the Markets The major indexes sagged as uncertainty about the tax reform tug-of-war continued to take center stage. Not helping matters was a dive in crude oil along with weakness from heavyweights Apple (AAPL) and Boeing (BA). But the stock that really took a spanking was GE (-5.89% for the day) after cutting its dividend …

Eking Out A Tiny Gain

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[Chart courtesy of MarketWatch.com] Moving the Markets The major indexes dropped into the red right after the opening bell but managed to climb out of the basement fairly quickly only to spend the rest of the session around the unchanged line without much conviction. In the end, we closed in the green but only by the slightest of margins. Upside …

Dow Ekes Out A Record; S&P And Nasdaq Slip

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[Chart courtesy of MarketWatch.com] Moving the Markets Weighing on the major indexes was a sell-off in predominantly three sectors, which kept a lid on the usual afternoon ramp. Retail (XRT), Financials (XLF) and SmallCaps (SCHA) combined their poor performances of -2.35%, -1.38% and -1.10% respectively to keep any upward momentum from gaining speed—and they succeeded with only the Dow eking …

More All-Time Highs

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[Chart courtesy of MarketWatch.com] Moving the Markets The weekend news simply did not matter. Saudi Arabia went into crisis mode after 2 of their princes died, one via a helicopter crash and the other one in a firefight to avoid arrest, dozens were taken into custody, assets were frozen and a no-fly zone for private planes was invoked. Domestically, McCain …

Honing In On New Record Highs

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[Chart courtesy of MarketWatch.com] Moving the Markets While the major indexes started the first November session with a bang, upward momentum waned, and the Nasdaq ended up slipping slightly into the red, while the Dow and S&P 500 remained green. The Fed kept interest rates unchanged but jawboned some positives about the economy using descriptive words like “activity has been …

Dow Powers Into Record Territory

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[Chart courtesy of MarketWatch.com] Moving the Markets The Dow got a huge assist today from Caterpillar (CAT) and 3M, which jumped after showing a better than expected quarterly report card. Both components contributed some 150 points to the Dow’s 168 point gain—into record territory. It was a narrow advance with Healthcare (XLV) bucking the overall positive trend (-0.56%) thereby limiting …