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Friday Recap: Adam In CNBC: S&P turns positive as consumer discretionary leads; dollar hits 7-month high
Friday, October 21, 2016 Stocks traded mixed on Friday, pressured by a strong dollar as earnings season continued and telecommunications lagged. The Dow Jones industrial average fell about 10 points in afternoon trade after momentarily dropping more than 100 points, with IBM and Johnson & Johnson contributing the most losses, offsetting strong gains from McDonald’s…
Adam Sarhan Latest Reuters Quote- Gold's Double Top
“If we are not able to get above the all-time high, by definition the double top remains in place. In the short term, it’s definitely going to be technical pressure,” said Adam Sarhan, CEO of New York-based Sarhan Capital.
Sarhan In CNBC: Stocks snap 5-week win streak
Thursday, March 24, 2016 U.S. stocks ended off session lows Thursday, the final trading day of the holiday-shortened week, as oil prices recovered from session lows and the U.S. dollar index gave back some gains. ( Tweet This ) The Nasdaq composite closed 0.1 percent higher, as Amazon.comrallied 2.3 percent and the iShares Nasdaq Biotechnology…
Adam in Reuters: Dow hits record high as markets ride on Trump win
* Healthcare, financial lead Wall St higher * Dollar hits more than two-week high; gold flat * Indexes up: Dow 0.87 pct, S&P 0.79 pct, Nasdaq 0.86 pct (Updates to open) By Yashaswini Swamynathan Nov 10 The Dow Jones industrial average hit a record intraday high on Thursday as investors bet that President-elect Donald Trump…
Adam in Reuters: Dow set to open at record high; oil hits $55
Mon Dec 5, 2016 | 9:02am EST By Yashaswini Swamynathan The Dow was poised to open at an all-time high on Monday, as oil prices topped $55 a barrel for the first time in 16 months, and investors shrugged off the defeat of a referendum in Italy for constitutional reforms. Futures lost ground slightly on…
Sarhan in Reuters: Wall Street pulls back after recent rally
Markets | Mon Apr 4, 2016 6:29pm EDT U.S. stocks ended weaker on Monday, pulling back from a recent rally that took them to new 2016 highs, as losses in commodity-related and industrial shares offset gains in healthcare. The S&P materials sector .SPLRCM fell 1 percent after copper prices touched their lowest in a month,…
