Stocks End Week Mixed After Fed Raised Rates Stocks ended mixed last week after the Fed raised rates for the second time in a decade and geo-political tensions flared up between the U.S. and China. Overall, stocks remain very strong and it is perfectly normal to see the market pullback and digest the recent and…
Central Banks Send Stocks Soaring…Once Again The melt-up continues as the market simply refuses to fall or even pullback and that strength needs to be respected. We know way too many people who are trying to fight this very strong bull market – to no avail. Last week, we wrote about the fact that the…
Wednesday, 7 Dec 2016 | 4:33 PM ET BofA: Risk/reward more important than absolute targets Wednesday, 7 Dec 2016 | 12:31 PM ET | 04:05 U.S. equities closed sharply higher on Wednesday as the Dow and S&P hit new record highs, while investors awaited a monetary policy announcement from the European Central Bank. The S&P 500…
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…
Market Rally Fading? The Nasdaq Erased All It’s Post Election Gains The Nasdaq composite and the Nasdaq 100 have erased all of their post election gains which bodes poorly for the market. The very split tape we highlighted for you before the election – has become a lot more split since the election. The Dow…
December 1, 2016 4pm EST U.S. equities closed mostly lower on Thursday as declines in tech offset a rally in financial stocks, while investors digested economic data and rising oil prices. The Dow Jones industrial average rose about 70 points, with Goldman Sachs contributing the most gains. The S&P 500 fell about 0.4 percent, with…
November 28, 2016 1pm U.S. equities rose on Tuesday as investors kept an eye on falling oil prices ahead of a key OPEC meeting, while digesting economic data. The Dow Jones industrial average traded about 30 points higher, with UnitedHealth Group contributing the most gains. The S&P 500 traded 0.2 percent higher, with health care…
* Time Inc jumps after report of company rejecting takeover bid * Amazon weighs the most on the S&P, Nasdaq * Oil prices fluctuate on uncertainty regarding OPEC deal * Indexes down: Dow 0.15 pct, S&P 0.22 pct, Nasdaq 0.21 pct (Updates to early afternoon) By Tanya Agrawal and Anya George Tharakan November 28, 2016 11am…
Fri Nov 25, 2016 | 11:35am EST * Wal-Mart leads retailers higher; department stores lag * Online spending on Black Friday to surge 11 pct-Adobe data * Energy stocks drop along with oil prices * Indexes up: Dow 0.27 pct, S&P 0.24 pct, Nasdaq 0.21 pct (Adds details, comments, updates prices) By Yashaswini Swamynathan Nov…
Bulls Gobble Up Stocks On Shortened Holiday Week Stocks are very strong and the fact that they continue to rally and hit new highs, illustrates that the bulls are clearly in control. The Dow jumped above 19,000 and the S&P 500 jumped above 2,200 last week and continued hitting new highs. In the short term,…