Here’s a chart you soon won’t forget. The decline of the USD has been yet another reason supporting equity prices of late. The dollar is suffering another selloff on Wednesday with a key dollar index falling to a three-year low after U.S. Treasury Secretary Steven Mnuchin said a weaker greenback is good for trade. The…
U.S. equities are pointing to a lower open after the government reopened yesterday. All three major stock market indexes closed at record levels on Monday. After U.S. markets closed on Monday, Congress passed a three-week funding measure that brought a halt to the three-day shutdown, with the bill then signed by President Donald Trump. The…
While the U.S. Government is shutdown, corporate earnings will still continue to roll in as the tech sector begins reporting this week. Later in this report, we will discuss one of the most famed tech sector companies reporting on Monday after the closing bell, Netflix Incorporated. Month-to-date through Jan. 18, 2018, the S&P 500 is…
While the U.S. Government is shutdown, corporate earnings will still continue to roll in as the tech sector begins reporting this week. Later in this report, we will discuss one of the most famed tech sector companies reporting on Monday after the closing bell, Netflix Incorporated. Month-to-date through Jan. 18, 2018, the S&P 500 is…...
With the trading week completed and encapsulated by the fear & loathing of a potential government shutdown, many were not surprised that the spending bill passed by the House was not further passed by the Senate late last night. In the 11th hour as it is called, the Senate could not agree to pass the…
Even with the U.S. House of Representatives passing a one-month bill to fund the government, there remains speculation regarding a government shutdown, as the Senate must also pass the bill. Many are of the belief that Senate passage is possible at present and there will be much discussion on the subject with only 18 hours…
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Up 300+ points, down roughly 100 points as the Dow Jones Industrial average rose yesterday only to give back small gains. The Dow Jones Industrial Average declined by 97 points to 26,018 after rising at the open to a fresh intraday high. The S&P 500 dropped 0.16% and the Nasdaq fell 0.033 percent. What is…
It’s Thursday January 18, 2018 and we are just shy of hitting the debt ceiling and in need of resolution and an agreement from the Federal government. Republican leaders are scheduled to bring forward a short-term spending bill to keep the government running through mid-February, The Wall Street Journal reported. The uncertainty surrounding a resolution to…
