Feb 15, 2017 1:09 pm ET If a drop in cotton demand is coming, Wall Street doesn’t seem worried. While cotton producers and physical traders worry that President Donald Trump’s protectionist policies will cut into demand for cotton from its foreign trade partners in China and Mexico, hedge funds and other money managers are betting…
Tuesday, February 14, 2017 U.S. equities traded mixed Tuesday as investors digested testimony from the top Federal Reserve official. The Dow Jones industrial average chopped around the flatline, with Caterpillar contributing the most losses and Goldman Sachs the most gains. The S&P 500 slipped 0.1 percent, with real estate lagging. The Nasdaq composite also fell…
Monday, February 13, 2017 U.S. stocks extended gains on Monday, with major indexes notching a third day of record-breaking session as financial and industrials stocks paved the way to higher ground. The Dow Jones Industrial Average DJIA, +0.72% gained 151 points, or 0.8%, to 20,421. The S&P 500 SPX, +0.54% advanced 12 points, or 0.6%,…
Stocks Rally On Trump’s 3rd Week In Office Stocks are up three weeks in a row and have literally rallied every week since Trump took office. The market closed at fresh record highs as buyers continue to accumulate stocks. Stepping back, this is beginning to feel like the very early stages of a 1999 style climax/blow-off…
Thursday, February 10, 2017 * Weekly jobless claims fall to near 43-yr low of 234,000 * Twitter tanks after posting slowest revenue growth since listing * Viacom rises 4 pct as quarterly profit beats estimates * Futures up: Dow 29 pts, S&P 2.5 pts, Nasdaq 4 pts (Adds details, comments, updates prices) By Yashaswini Swamynathan…
Wednesday, Feb 8, 2017 U.S. equities closed mixed Wednesday as financials led decliners, while oil rebounded following the release of key supply data. The Dow Jones industrial average fell about 35 points, with Goldman Sachs contributing the most losses. Apple, another Dow component, traded near its all-time high. The index had fallen about 75 points…
Monday, February 6, 2017 By Lewis Krauskopf U.S. stocks slipped on Monday, led by the energy sector as oil prices dropped, while investors awaited the next run of major earnings reports and sought further clarity on President Donald Trump’s economic policies. The benchmark S&P 500 receded after climbing close to a record high on Friday….
Stocks Rally On Trump’s 2nd Week In Office I mentioned last week that the market was extended and due to pullback. That happened but only lasted a few days. Stocks rallied last week as investors digested a slew of economic, earnings, and central bank data. The big take-away is that the bulls remain in clear…
Thursday, February 2, 2017 Stocks ended mostly flat on Thursday as investors looked ahead to Friday’s jobs report, amid growing tensions between the United States and other global powers. The Dow Jones industrial average fell 6 points, with UnitedHealth Group contributing the most losses and Merck the most gains. The S&P 500 gained 0.06 percent,…
Wednesday, February 1, 2017 U.S. equities closed mostly higher on Wednesday after the Federal Reserve kept interest rates unchanged, as was widely expected. The Dow Jones industrial average gained about 25 points, having risen more than 100 points earlier in the session, with Apple contributing the most gains. The S&P 500 rose less than 0.1…