Tue Nov 22, 2016 | 4:32pm EST By Sam Forgione | NEW YORK Wall Street’s three main stock indexes ended at record highs for a second straight day on Tuesday, while European shares also rose on expectations that markets would benefit from U.S. President-elect Donald Trump’s policies. Moderate gains led the Dow to close above…
Stocks Flirt With Record Highs Stocks are strong. Small and mid-cap stocks led the way higher last week as the small-cap Russell 2000 ($IWM) and mid-cap S&P 4o0 ($MDY) broke out of big bases. For now that is bullish action and illustrates strong appetite from investors of all size. Meanwhile, the popular indices paused to…
Thursday, November 17, 2016 The rally in the three major U.S. stock indexes has taken a pause, but small and mid-cap stocks keep climbing higher, helped by the fact that they are less sensitive to a rising dollar. The Russell 2000, composed of small-cap stocks, and the S&P Mid Cap 400 rose 0.7 percent and…
Stocks Soar On Trump Victory Stocks are very strong and the fact that they refuse to fall- illustrates how strong the bulls are right now. Last week was a very important week on Wall Street. The bulls stepped in and defended major support (the longer term 200 day moving average line) and erased three month’s worth…
Fri Nov 11, 2016 | 11:33am EST By Yashaswini Swamynathan A rally sparked by Donald Trump’s surprise victory in the U.S. presidential election, that also powered the Dow to a record high, sputtered on Friday as energy and healthcare stocks came under pressure. Investors scrambled to adjust their portfolios to benefit from Trump’s plans to…
Friday, November 11, 2016 U.S. equities traded mostly lower on Friday as the post-U.S. election rally took a breather, with the three major indexes poised to record their best weekly gains of the year. The Dow Jones industrial average opened slightly lower but briefly broke above the flatline, with Walt Disney contributing the most gains…
* 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…
Tuesday, November 8, 2016 3:40pm EST U.S. equities rose on Tuesday, led by utilities, as investors awaited the results of the U.S. presidential election. “We’re trying to regain what we lost,” said Art Hogan, chief market strategist at Wunderlich Securities. “The concern [in the market] is we don’t get a consensus outcome,” where the Democrats…
The Tape Is Weak In a normal, non easy money world, we would say the market is tracing out a classic topping pattern and the days are numbered for this bull market. Last week we saw several major global central banks become “less dovish.” That doesn’t mean they won’t announce more easy money if markets…
Tuesday, November 2, 2016 4pm EST U.S. equities closed lower on Wednesday after the Federal Reserve kept interest rates unchanged, while worries surrounding the presidential election weighed on investor sentiment. “There’s no surprises here. This meeting was about setting the mood music ahead of the December meeting. All the signs now point to a hike…