[Chart courtesy of MarketWatch.com] 1. Moving the Markets Just when it looked like stocks would never go up again, the tide shifted slightly on Monday with the Dow edging higher by 52 points, relieving some of the bearish pressure that has weighed on Wall Street since the start of the year. Now, investors are eyeing a hoped-for bounce after plunging …
Not A Horrible Day In The Market, But No Real Sunshine
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The stock market closed mixed on Monday, a welcome respite from what has been the worst start to a year ever on Wall Street, though the plunge in oil continued and sent crude prices to levels last seen in 2003. Stocks initially shrugged off more turbulence in the mainland China stock market …
Stocks Bounce Back As Oil Rallies
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks skyrocketed as traders remain hopeful that a year-end ‘Santa Claus rally’ will finally push the major indexes back into positive territory for the year and avoid Wall Street’s first down year since 2008. Investors remain cautious though, as the so-called rally from Saint Nick, may not have yet completely taken flight. …
Markets Fail To Impress; Bulls Still Hoping For ‘Santa Claus Rally’ To End The Year
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks fell and oil prices took a tumble Monday, as the S&P 500 index kicked off the final week of the year by slipping back into the red in a volatile year that has made it tough for U.S. stocks to make much headway. Energy stocks led the declines as the recent …
Crude Oil Bounces And Pushes Indexes Higher
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Finally, crude oil showed some signs of life by bouncing off its multi-year lows and gaining 1% for the day. The effect on the major indexes was a positive one as they got pulled higher along with all 10 S&P sectors despite the plunge in existing home sales (-10.5%). Still, extreme December …
Stocks Snap 3-Day Losing Streak
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks rose as Wall Street halted a three-day downturn despite another drop in oil prices. We have been confronting a variety of issues this week including plunging oil prices, global economic pressures and the likelihood that the Fed will begin raising interest rates for the first time in almost a decade at …