The bigger they are, the harder they fall…and they don’t get any bigger than the U.S. equity markets. After falling by roughly .5% on Monday, the Dow Jones Industrial Average (DJIA) and S&P 500 (SPX) are set for an even greater reset with futures pointing to a greater than 1.25% drop at the onset of…
Is it the Fed? Is it China’s bear market? Is it Italian sovereign debt? Take your pick, but it is probably none of the above or all of the above that sent U.S. equities reeling on Thursday. China’s stock market plunged deeper into bear market territory overnight on Thursday, which found European equities under pressure.…
There was nothing in the FOMC minutes, which were released at 2:00 p.m. Wednesday, that wasn’t already a known to investors and analysts alike. The greatest takeaway from the minutes is that the Fed is continuing on their path of gradual interest rate hikes and believes the economy is healthy/growing. A summary of the Sept.…
After losing 1,400 points on the Dow last week, I’m sure there’s a sense of relief on Wall Street given the tremendous rally Tuesday. Now, if only the major averages can find some semblance of a follow through on Wednesday, investors might be able to avoid the dreaded “double dip”. On Tuesday, the major averages…
By: SARAH TOY: MarketWatch Netflix Inc. will get the chance this week to prove its disappointing second-quarter results were just a one-off rather than a recurring problem. The company NFLX, announces third-quarter earnings results Tuesday after the closing bell. For the second quarter, the streaming giant reported 5.15 million new subscribers, down from 7.41 million the previous quarter…
Monday’s Census Bureau release of monthly retail sales was said to be softer than forecasted and certainly it was, but why is the question we must ask ourselves. Why because the economy is growing at a 3.5-4% rate with consumer spending and sentiment readings coming in equally as strong through much of the year. So…
The route on Wall Street continued on Thursday with the major indices extending their losses from Wednesday. The Dow is down roughly 1,400 points in the last 2 trading sessions. The Dow held above its 200-day trend line but closed below its 50-day at 25,995.09. On Wednesday, the S&P 500 snapped a 74-session string without…
It’s now official; the global equity route is at-hand! In the U.S., the Dow (DJIA) tumbled 831 points, the Nasdaq (NDX) fell 316 points and the S&P 500 (SPX) fell 95 points on Thursday. The route on Wall Street only resulted in even greater losses in Asian markets overnight, with the biggest percentage loser coming…
It didn’t seem to affect the markets all that much yesterday, but it is certainly getting all the attention in the last 12 hours or so. Tuesday morning on CNBC, Jim Cramer discussed conversations that he was having with corporate CEO’s about the probability of slowing earnings growth. “There are many parts of the economy…
If you thought you were getting off the rollercoaster ride that is the stock market on Monday, think again. The major averages witnessed significant selling pressure throughout the morning on Monday, with the Dow down roughly 250 points at its low. But all 3 major averages staged a dramatic turnaround in the afternoon with the…
