[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks pared back early gains to close in the red across the board. Rising interest rates and oil prices appeared to be the culprits today. Oil dragged markets lower today as prices jumped above $61 a barrel. The U.S. benchmark rose 2.1% to $61.65 on the New York Mercantile Exchange, as concerns …
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 …
Nasdaq Tops Record High For First Time Since 2000
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The previous record high (5,048.62), which dates back to March 10, 2000 at the prime time height of the dot-com bubble, was surpassed today by about 12 points. What does the new record high mean exactly? Well, in the simplest sense it means that the Nasdaq has finally completely recovered 15 years …
Earnings Reports Continue; No Major Impact On Markets
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Equities rose as the major indexes moved closer to record levels, and a tech stock rally sent the Nasdaq to a new 2015 closing high. In earnings news, Dow giants McDonald’s (MCD) and Coca-Cola (KO) helped boost the blue-chip index higher as shares of MCD jumped 3.1% and KO rose 1.3% on …
As Oil Trends Up, Stocks Go Down
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks fell in late trading and closed slightly lower as the rebound in oil prices continued and investors assessed another batch of corporate earnings reports. It was a great day for IPOs. Shares of four companies all rose on their first day of trading. Online craft company Etsy (ETSY) rose 88% to …
The Equity Slide Continues
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The markets still could not find much footing and continued to slip for the second day, although it could have been a lot worse. In the humor department (it’s April Fool’s day after all), the sucker of the day award has to go to the High Frequency Trading algos, who swallowed the …