[Chart courtesy of MarketWatch.com] 1. Moving the Markets Equities rocketed upwards today after investors were encouraged by multiple solid earnings reports as well as a rise in consumer confidence. The Dow gained 1.12% and closed about 17,000 for the first time since October 3rd. The S&P 500 rose 1.19% and the Nasdaq led the pack gaining 1.74%. Tech stocks in …
Stocks Stumble Out Of The Gate To Start Off The Week
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Well, the stock market did not start the week with a bang by any means. The Dow dropped 0.6% from its record close on Friday, the S&P 500 fell 0.8% and the Nasdaq plunged a whopping 1.1%. A disappointing home sales report also added to the negative tone on Wall Street today. …
GDP Numbers Bode Well For Economic Outlook
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Well, the GDP numbers came in today and it was all good news. Prior to the opening bell, the government reported that the economy grew at a robust 4% annual pace in the April-June period, which smashed economists’ estimates of 3% growth. This was a sharp rebound from a 2.1% contraction in …
Markets Continue Pulling Back; Tesla To Offer Up Its Proprietary Technology
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Losses continued across the markets today, reeling from Wednesday’s downturn after the World Bank lowered its outlook for global economic growth. The Dow fell by over 100 points today, and the Nasdaq and S&P 500 dropped over 0.7% With the domestic markets trending lower, the dollar also fell for a second day …
Markets Swing Back Into Positive Territory On Fruitful Monday
[Chart courtesy of MarketWatch.com] 1. Moving The Markets The stock market returned to record levels today as investors regained their appetite for riskier stocks. All major indexes gained, as the intra day chart above shows. Internet stocks, which have taken quite a beating over the past month, pulled a turnaround, with Twitter (TWTR) and Facebook (FB) at the top of …
Markets Bounce Higher; Responding Well To Yellen’s Speech
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Wednesday was a rather uneventful day across the board with the S&P 500 and Dow climbing and the Nasdaq stumbling. Tech stocks continued to fall out of favor as worries of overvaluation continue to be the culprit. A number of Nasdaq listed stocks have taken quite a beating over the past two …