Markets | Wed Oct 21, 2015 3:40pm EDT The S&P 500 and Nasdaq slipped in choppy trading late Wednesday afternoon as insurers and other big healthcare names dropped and Yahoo (YHOO.O) shares fell following disappointing results. Valeant Pharmaceutical’s (VRX.N) U.S.-listed shares dropped sharply, hitting a low of $88.50, after short-seller Citron Research released a report…
Wednesday October 21, 2015 4:00 pm EST U.S. stocks closed lower Wednesday, as investors took in fresh corporate earnings. The Nasdaq and the S&P 500 traded in a range before closing near their session lows of 4,836.46 and 2,017.22. S&P 500 intradaySource: FactSet The Dow Jones industrial average was also in a range, and…
Lower Fuel Prices Help The Airlines Over the last eighteen months, oil prices have plunged over 60% and remain in a ugly bear market. Certain industries benefit from lower oil prices, most notably the airlines. It is important to note that fuel is the biggest expense for the airlines and the fact that fuel prices have fallen…
U.S. stocks traded in a narrow range Monday, as investors prepare for a deluge of earnings while digesting Chinese economic data. “I think it’s earnings-driven,” said J.J. Kinahan, chief strategist at TD Ameritrade. Over a fifth of S&P 500 companies are scheduled release quarterly results this week. Banking giant Morgan Stanley posted earnings per share…
Strong Week On Wall Street It was another bullish week on Wall Street as the major indices broke above resistance of their 8-week post August trading range. The bulls regained control of this market 3 weeks ago when stocks bounced after formidable support was tested in late September and early October. The big day occurred…
* Wal-Mart sinks on weak forecast, drags down Dow * JPMorgan falls, Bank of America rises after results * U.S. retail sales barely rise in September * Dow down 1.0 pct, S&P down 0.6 pct, Nasdaq down 0.4 pct (Updates to late afternoon) By Caroline Valetkevitch Oct 14 (Reuters) – U.S. stocks fell in late…
Wednesday 10.14.15 U.S. stocks closed lower Wednesday as investors digested earnings reports and weighed weaker-than-expected data. “The market came into the week pretty overbought and with these earnings reports, (there’s) a little bit of a headwind,” said Bruce Bittles, chief investment strategist at RW Baird. The Dow Jones industrial average closed down about 158 points…
By Adam Sarhan Major Disconnect Between Wall Street & Main Street We have argued for a long time that there is a major disconnect between Wall Street and Main Street. Since the March 2009 bottom, Wall Street has enjoyed very strong gains for one simple reason: #EasyMoney from the Fed and every other major central…
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Market Flirting With Resistance The bulls are getting stronger and last week was another strong week on Wall Street. Last Friday Oct 2, 2015, we wrote, “Last week was a very big and important week on Wall Street! Stocks opened lower but closed higher for the week after the S&P 500 and Russell 2000 “tested”…