Wednesday, September 07, 2016 U.S. stocks traded near the flatline Wednesday afternoon, with consumer staples lagging, as investors digested the release of the Federal Reserve’s Beige Book. The Dow Jones industrial average fell about 15 points, with Home Depot contributing the most losses. “It does feel like a calm before a storm as we head…
Tuesday, September 06, 2016 * Non-manufacturing activity index drops to 51.4 in August – ISM * Financial stocks drag down S&P 500 * Spectra Energy jumps on Enbridge deal * Cepheid soars on $4 bln Danaher offer * Dow down 0.06 pct, S&P down 0.05 pct, Nasdaq up 0.18 pct (Adds details, comments, updates prices)…
Tuesday, August 23, 2016 4pm EST U.S. stocks traded higher on Tuesday, with materials gaining about 1 percent, as investors looked ahead to Federal Reserve Chair Janet Yellen‘s speech at the end of the week. “I think we’re transitioning from an interest-rate-driven market … to an earnings-driven market,” said Jeffrey Saut, chief investment strategist at…
Monday, August 22, 2016 U.S. stocks opened lower on Monday as investors looked ahead to a key speech from the top Federal Reserve official and digested falling oil prices. The Dow Jones industrial average opened about 70 points lower, with Goldman Sachs and Chevron contributing the most losses. The S&P 500 began Monday trading about…
Want To Talk To Adam About Your Portfolio? Visit: 50Park.com To Schedule A Complimentary Appointment Today Wednesday, August 17, 2016 4pm EST U.S. stocks closed mostly higher on Wednesday as investors digested the release of the Federal Reserve’s July meeting. The Dow Jones industrial average held about 4 points higher, with 3M contributing the most…
Tuesday, August 16, 2016 3:25pm Stocks slipped Tuesday, led lower by telecommunications, as investors awaited the release of the minutes from the Federal Reserve’s July meeting. “I think we had a little bit of profit taking. We had that trifecta concurrent record high yesterday. Part of it might be driven by the fact that we…
Stocks fell on Wednesday as the recent rally in equities eased and investors digested falling oil prices, as well as quarterly results from retail firms. “It looks like a normal, healthy pullback,” said Adam Sarhan, CEO at Sarhan Capital. “Even under the surface, … we see orderly selling.” “At this point in time, investors are…
Monday, August 8, 2016 3:44pm EST Stocks slipped on Monday, despite a rise in oil prices, as investors awaited key retail sales data due later this week. “What I’m looking for is to see if this [rotation between sectors] continues,” said Adam Sarhan, CEO of Sarhan Capital. “Every day there seems to be” a new…
Friday, August 5, 2016 U.S. equities traded sharply higher on Friday as Wall Street digested a better-than-expected jobs report. “The big takeaway, for me, is the market is doing exactly what it needs to move higher,” said Adam Sarhan, CEO of Sarhan Capital. “We’re now getting confirmation about what the Fed has been telling; that…
Markets | Thu Aug 4, 2016 9:02am EDT Wall Street was set to open little changed on Thursday after the Bank of England cut its main lending rate to a record low and revived its bond-buying program. The BoE lowered the rate to 0.25 percent from 0.5 percent and said it would take “whatever action…