[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks were trending upwards throughout the early part of the day, but fell after Fed Chair Janet Yellen said that a rate hike at its December meeting is a genuine possibility. The drop snapped a two day rally that pushed the Dow back into positive territory for the year. The Dow is …
Ending April On A Sour Note
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks ended the month on a weak note as traders reacted to new information, ranging from a suddenly weakening dollar vs. the euro and strong incoming U.S. data that raised fresh fears about interest rate hikes. We heard some solid economic data released today, including a better-than-expected reading on manufacturing in the …
Stocks Break 2-Day Losing Streak
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks staged a strong afternoon rally and closed higher today as the major indexes broke a two-day losing streak. Utilities led the way for the S&P 500, as all ten sectors of the index posted gains. In tech news, shares of Alibaba (BABA) plunged 8.5% after the Chinese Internet giant reported revenue …
Stocks Return To Record Territory As GOP Regains Control Of The Senate
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks bounced back into record territory today after the GOP (Republican Party) regained control of the U.S. Senate for the first time in eight years. The S&P 500 gained 0.6% to close at an all-time high of 2,023.57. The Dow also gained 0.6% and closed at a record high of 17,484.53. The …
International Tensions Push Equities Lower; International TTI Close To A Sell
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks closed lower with all 10 S&P 500 sectors losing. Energy was the biggest S&P 500 loser on the day, dropping 2.1%. Ukraine tensions were mostly to blame throughout headlines, as we heard today that Russian troops were massing near the Ukraine border. Groupon Inc. (GRPN) fell 16% in after-hours trading. The …