Published: June 9, 2016 9:08 a.m. ET Something wicked this way comes? Splashed across the front of The Wall Street Journal last night was an interview with hedge fund manager George Soros, who made a fortune by taking down the British pound in 1992. According to those in the know, Soros has been selling stocks…
Wed 6.8.16 Barring a large selloff, or economic recession, the evidence suggests we are in the early stages of a new bull market for commodities. Over the past few years, nearly every major global commodity in the world has been in a severe bear market. Gold and Silver both topped out in late 2011 and were in…
Wed 6.8.16 3:22 PM EST U.S. stocks traded mostly higher Wednesday, helped by gains in oil prices, with the Dow and S&P about 1 percent below their 52-week intraday highs, touched last summer. Traders also attributed support to stocks from the weaker U.S. dollar. The U.S. dollar index traded about 0.3 percent lower, with the…
Wed Jun 8, 2016 8:58am EDT Wall Street was set for a slightly higher open on Wednesday, a day after the S&P closed at a near 11-month high, as oil prices rose again and chances of an interest rate hike in the near term faded. Oil held above $50 for the second consecutive day on…
Stocks Resilient After Crummy Jobs Report Stocks opened lower but closed near their highs after the jobs report disappointed and missed estimates by a rather large margin. We have seen this pattern all week, (open lower and close near the highs) which is a subtle but important sign of strength. The Labor Department said U.S….
Stocks Rally Into Month End Stocks rallied for a second straight week as the bulls showed up in the last full trading week of the month. The major indices jumped above their respective 50 day moving average lines and are now flirting with their 2016 high, which bodes well for the current rally. Last week we…
Thursday, May 26, 2016 1:39pm EST U.S. stocks traded in a narrow range Thursday, struggling for a third-straight day of gains, with oil trying to hold the psychologically key $50 level after earlier topping it for the first time since October. “I think the market … is pausing to digest Tuesday’s and Wednesday’s rally,” said…
Markets | Mon May 23, 2016 11:33am EDT A rise in Apple’s stock helped boost the Nasdaq and the Dow, while the S&P 500 was little changed in late morning trading on Monday. The benchmark Philadelphia SE Semiconductors Index .SOX was also up 1.2 percent, following a 3.2 percent rise on Friday, after a report…
Sloppy Week On Wall Street Stocks snapped a three week losing streak and rallied after another volatile week on Wall Street. On Monday, stocks rallied 200 points only to give it back and fall 200 points on Tuesday. The market was up and down on Wednesday before falling hard early Thursday morning and breaking key levels…
Tuesday, May 17, 2016 1pm EST U.S. stocks held lower in choppy trade Tuesday, with declines in consumer staples and utilities offsetting gains in energy as oil prices climbed. The Dow transports outperformed, holding about 2 percent higher and tracking for its best day since April 13, with Avis Budget leading all constituents higher. “A…