[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks climbed Monday, the Nasdaq just barely, in a seesaw day as Wall Street shook off a two-day slump that was sparked by last week’s decision by the Federal Reserve not to raise interest rates. Crude Oil gained slightly today as well to close at $46.69 a barrel. In M&A news, Chipmaker …
The Guessing Game Is Over…For Now
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The Fed announced today that it is too soon to raise interest rates and that it will continue to keep its benchmark interest rate between 0% to 0.25%, despite a continuously improving labor market. The Fed could still raise rates when they meet again in October, but analysts speculate that if a …
Stocks Rally Ahead Of Thursday Fed Decision
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks rallied Wednesday afternoon with the Dow gaining 140 points on the day, after the Federal Reserve kicked off its long-awaited 2-day policy meeting on interest rates. In one of the most important Fed meetings in recent times, economists and analysts alike are divided on whether the Fed will move forward to …
Equities Continue To Play The Balancing Act
[Chart courtesy of MarketWatch.com] 1. Moving the Markets U.S. stocks rebounded a bit today after Wednesday’s wild ride that ended on a down note. Everyone is bracing for next week’s Federal Reserve meeting on interest rates and the vibes are still wait-and-see. The Fed will meet for two days on Sept. 16-17, which could result in the first interest rate …
Markets Bounce Back After Holiday Rest
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The sharp swings on Wall Street continued Tuesday, with stocks surging as traders returned from the 3-day holiday weekend and sent the Dow up 390 points. The gains came after last week’s volatile downturn that saw all the major indexes drop more than 3%, capped off by the Dow’s 272-point drop on …
Early Rally Fades; Dow Up Nasdaq Down
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Equities closed mixed today as an early rally on Wall Street slowly faded and gave back strong gains. Stocks jumped early in the trading session after yesterday’s big rebound, as Wall Street digested favorable data on the services sector of the U.S. economy and reassuring comments from the European Central Bank. It …