Past the midway point in the trading week and the major averages have bounced back from consistent selling in the previous week and what many thought may prove a period of continued market consolidation and/or retrenching. Even with Boeing (BA), the most heavily price-weighted stock on the Dow Jones Industrial Average (DOW), proving a major…
After two consecutive days of losses for the major indices, first back-to-back loss of the New Year, equity futures are looking flat on Tuesday. The losses for the U.S. equities have been minor compared to that of the Q4 2018 period and with volatility somewhat tempered. More importantly, the losses come as earnings season has…
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.…
Midweek, the markets took a turn for the worse in what is rapidly correlating to the spookiest month of the year, October. Despite the strong gains on Friday, the Dow (DJIA) and S&P 500 (SPX) finished the week down by more than 4%, while the Nasdaq (NDX) posted a 3.7% weekly loss. The steep losses…...
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…
Although we haven’t quite hit the earnings season stride, usually marked by the financials reporting results, investors will roll into the start of the 4th Quarter this coming week with a focus on earnings. Coming out of a surprisingly strong 3rd Quarter for equities, many fund managers are in “catch-up” mode. The hope is that…...
U.S. stocks closed with gains on Thursday and look to finish the week higher after several weeks of downward to sideways action on Wall Street. The Dow Jones Industrial Average rose 1.2%, or 293.60 points, to 24,483.05. The S&P 500 ended up 21.80 points, or 0.8%, to 2,663.99. The Nasdaq Composite Index was up 71.22 points,…
The Dow Jones industrial average e-mini futures were up nearly 1%, or 243 points, ahead of the U.S. markets opening for trading Tuesday morning. The move puts DJIA squarely in the cross hairs of achieving Dow 26,000 in a most remarkable fashion and speed. Some of the most recent market rally can be attributed to…
