Economy | Thu Dec 17, 2015 3pm EST The Federal Reserve hiked interest rates for the first time in nearly a decade on Wednesday, signalling faith that the U.S. economy had largely overcome the wounds of the 2007-2009 financial crisis. The U.S. central bank’s policy-setting committee raised the range of its benchmark interest rate by…
Markets | Mon Dec 14, 2015 10:09am EST Wall Street was little changed on Monday, two days ahead of an expected U.S. interest rate hike, as crude oil prices hovered near 11-year lows. The S&P energy sector was down 0.33 percent on Monday on growing concerns that the global oil glut would worsen next year….
U.S. stocks advanced in choppy trade Thursday, attempting to shake off pressure from further decline in oil prices, as investors awaited a possible Fed rate hike next week. “What we really need is to see a market that can trade higher agnostic to oil prices,” said Art Hogan, chief market strategist at Wunderlich Securities. “Breaking…
Adam sarhan quoted in reuters
Monday 11.23.15 4pm EST U.S. stocks closed mildly lower Monday as investors eyed fluctuations in oil prices and looked ahead to economic reports in the shortened Thanksgiving holiday week. “I think part of it is we have GDP tomorrow and that has the potential to move markets around a little bit,” said JJ Kinahan, chief strategist…
Adam Sarhan and Sarhan Capital quoted in CNBC
Adam Sarhan quoted in Reuters
U.S. stocks closed narrowly mixed Tuesday, as some encouraging earnings reports offset pressure from declines in oil prices and continued geopolitical concerns. The major averages struggled to hold higher, giving up intraday gains that briefly took the S&P 500 into positive territory for the year and pushed the Dow Jones industrial average up more than…
November 16 2015 4:28 AM EST Conventional wisdom holds that Monday is likely to see a rout in stock markets worldwide, as investors recoil in panic from the terrorist attacks in Paris. But what meager data is available on the behavior of traders following such tragedies suggests a morbid possibility: panicked selling may yet present…
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…