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…
Did we tell ya or did we tell ya? With bond yields rising as sharply as they have since the Fed rate hike and as much as they did on Wednesday, it would prove an impossibility for perma bears, market pundits, analysts with a negative view of the market and/or economy and the media to…
Wall Street is waking up to equity futures and bond yields moving in opposite directions. U.S. treasuries had their largest moves on Wednesday, since June 2011. The 10-yr. Treasury yield climbed over 15 bps to 3.18% and has since moved higher on Thursday morning. It’s not that yields are rising that is causing a modest…
The Dow Jones Industrial Average hit another fresh record high on Tuesday as it closed 122.73 points higher to 26,773.94. But as the continuation of sector rotation continues in the markets, the S&P 500 closed flat at 2,923.43 while the Nasdaq Composite fell half a percent to 7,999.55 and with the tech sector underperforming once again. With at least one…
Although it may have seemed a strong rally on Wall Street Monday, the reality is that it was a mixed bag given tech lagged. The Dow closed up almost 200 points, with the S&P 500 also rising, after headlines that Canada had joined the U.S. and Mexico in a new trade deal. While the new trade deal…
