Thursday 11.12.15 11:45pm U.S. stocks were lower on Thursday as a fall in commodity prices weighed on energy and materials stocks and investors studied comments by several Federal Reserve policymakers for clues on a widely-expected interest rate hike next month. The selloff was broad based, with all 10 major S&P sectors in the red, and…
Thursday 11.12.15 12:04pm U.S. stocks traded lower Thursday as oil weighed while investors kept an eye on employment data points as well as several speeches from Federal Reserve officials. U.S. oil futures fell over 2.5 percent, pushing the Dow Jones industrial average down 186.87 points at its lows. The blue chips index is also on track…
Thursday 11.12.15 9:09am EST Wall Street was set to open flat on Thursday after data showed weekly U.S. jobless claims held steady at levels consistent with sustained labor market strength that could encourage the Federal Reserve to raise interest rates next month. U.S. jobless claims benefits were unchanged at 276,000 last week, compared with the…
11.9.15 12:00pm EST U.S. equities traded sharply lower Monday as investors weighed a possible Federal Reserve rate hike in December. “It’s a pretty light week [in terms of data],” said Randy Frederick, managing director of trading and derivatives at Charles Schwab. “Aside from that, it’s going to be a continuation of this conversation about a…
Stocks Are Strong The market remains very strong. The S&P 500 has rallied for six straight weeks and remains very extended to the upside. The major indices opened higher but closed in the lower half of their weekly ranges which is normally a sign of short term fatigue. The market is way overdue to pullback and…
U.S. stocks traded mostly higher Thursday, resuming the upward trend for the month so far, ahead of Friday’s key jobs report. The major averages struggled to hold opening gains, briefly dipping into negative territory soon after the open. Shares of Facebook gained more than 6 percent. The social media giant reported earnings after Wednesday’s close…
* US Oct factory activity slows less than expected * Visa drops after offer to buy Visa Europe, top drag on Dow * Dyax soars after Shire offers to buy company * Indexes up: Dow 0.55 pct, S&P 0.70 pct, Nasdaq 0.96 pct (Updates to early afternoon) By Abhiram Nandakumar Nov 2 (Reuters) – Wall…
Stocks Rally On More Easy Money Stocks soared in October and enjoyed one of their largest monthly gains in years! As a quick review, the bulls regained control of the market on Fri 10/2/15 after September’s weaker than expected jobs report was announced (additionally, Aug’s and July’s jobs reports were both revised lower). That was a…
U.S. stocks closed lower Thursday, but mostly held the prior day’s rally, as investors continued to consider the possibility of a December rate hike and eyed earnings. The S&P 500 ended about 1 point lower after trying to hold in positive territory as the close approached. The Dow Jones industrial average also failed an attempt…
Stocks Rally On More Easy Money Easy money from global central banks continues to be the primary driver of this very strong bull market. On Thursday, we saw the European Central Bank (ECB) increase and extend QE (print more money) and then on Friday, China’s central bank cut rates and took other easy money measures to stimulate…