OCT 9, 2015 @ 02:19 PM Getting rid of beleaguered Brazilian president Dilma Rousseff might be interesting to some investors, but it is a lot more interesting to the opposition party. And politics and economics can be like oil and water. In this case, I think it is. The Dilma administration suffered another serious blow…
By: Evelyn Cheng U.S. stocks closed higher Thursday, with the Dow and S&P above key psychological levels, as investors digested the Federal Reserve’s September meeting minutes. “I think the combination of oil (gains) and the Fed minutes have lifted the indices here,” said Peter Cardillo, chief market economist at Rockwell Global Capital, noting the minutes…
TECHNICALS-Price surge yet to lift raw sugar out of downtrend 06-Oct-2015 06:26:56 PM By Marcy Nicholson NEW YORK, Oct 6 (Reuters) – ICE spot raw sugar futures could be revving up to breach 14 cents per lb after marking their biggest weekly surge since 2008, but the market is still held in its long-term downtrend,…
Tuesday October 6, 2015
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Warren Buffett is legend for owning stocks for years — even decades. The world’s best stock market investor is famous for saying his favorite holding period for stocks is forever. If forever is too long for you, would 10 years be more doable? You can invest like Buffett by buying some high-conviction stocks and holding them…
By Evelyn Cheng Energy rallied 4 percent to top materials and health care as the greatest advancer in the S&P. Crude settled up 80 cents, or 1,8 percent, at $45.54 a barrel. Oil jumped after the number of oil rigs in operation in U.S. oilfields fell by 26 in the week ended Oct. 2. That…
Weak Jobs Report: Good For Wall Street, Not Main Street 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” Aug’s low. Aug’s low for the S&P 500 was 1867 and last week’s low was 1871….
Fed likely won’t raise interest rates soon, and now that’s bad Published: Oct 2, 2015 3:11 p.m. ET Bad news might be bad news once again. A weak September jobs report and a pair of downward revisions to July and August data on Friday all but extinguished market expectations for a 2015 interest-rate hike. Treasurys…
By Evelyn Cheng 9:30am EST U.S. stocks opened sharply lower Friday as Wall Street digested a weaker-than-expected jobs report. The Dow Jones industrial average fell more than 200 points in the open, with Goldman Sachs the greatest weight on the index. The Nasdaq composite lost more than 1 percent, with Apple off 1 percent and…