[Chart courtesy of MarketWatch.com] 1. Moving The Markets Markets took a hit today, a day after the Dow and S&P 500 closed near record highs. The Nasdaq took the largest hit, while the S&P and Dow dropped dropped by lesser percentages. Again, we see the Nasdaq, which is filled with those big momentum social media and tech stocks, showing the …
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 …
Equities Bounce Back, Gold Takes A Dive
[Chart courtesy of MarketWatch.com] 1. Moving The Markets It was a lively day in the stock market today with equities making a major rebound from the disappointing performance so far this week. In fact, the major indexes nearly regained all of the losses since the start of the week. Until today, the markets were subdued by emerging market turbulence alongside …
J.C. Penny Layoffs; India To Construct World’s Largest Solar Plant
[Chart courtesy of MarketWatch.com] 1. Moving The Markets One of the biggest news items today was that J.C. Penny (JCP) announced (just after the market closed) it will be closing 33 stores and cutting 2,000 jobs. The cuts will essentially result in cost savings of about $65 million according to Chief Executive Mike Ullman. The stock was down 0.86% today and …
Twitter Up, Inflation Down
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Stocks slipped in mixed volume as investors weighed a rise in job openings against concerns that the Federal Reserve will start to withdraw stimulus. In the stock market today, Lumber Liquidators (LL) plunged 14% in huge volume, closing below its 200-day moving average, after its fourth-quarter earnings outlook came in slightly below …
The Dow Makes Us Bow Again
[Chart courtesy of MarketWatch.com] 1. Moving The Markets The Dow Jones has exceeded expectations once again as it rose to another all-time high today. It seems investors are “hanging 10” on the wave of momentum that the surprisingly strong U.S. jobs report created last Friday. This is a hard pill to swallow as we near year-end, because all-time highs like …