Just as the Wall of Worry was about to drop into dangerously complacent territory, Old Man Iraq rears up to give us something to worry about and then some. After a brief and shallow dip, the S&P 500 (INDEXSP:.INX), Dow (INDEXDJX:.DJI), and Nasdaq (INDEXNASDAQ:.IXIC) came ripping back up. The S&P 500 went as far as hitting yet another Rita Coolidge “All-Time High,” while […]
Technical Analysis:The USD has been strong for the most part in May. The USD Index (DXY) has been sideways to bearish for most of 2014, falling to a low on the year at 78.90 in early May. It has since rebounded, and closed the previous week at 80.35.DXY DailyThe daily chart of the DXY shows a revival of USD-strength. It […]
Stock Market Reverses Off Decent Gap Down….Stock-Markets / Stock Markets 2014May 06, 2014 – 09:59 AM GMTBy: Jack_Steiman
A big gap down occurred today across the board. It looked like the bears finally had their gap down. All they had to do was hold this gap down and run lower all day. That would create a huge technical […]
The New York Stock Exchange (NYSE) said on Monday that the staff of NYSE Regulation, Inc. has determined to commence proceedings to delist the common stock of Genco Shipping & Trading Limited – ticker symbol GNK – from the NYSE.As a result, trading in the company’s common stock was suspended immediately.“NYSE Regulation has determined that the Company is no longer […]
Selling pressure in technology and momentum stocks dragged benchmarks down on Monday and the S&P 500 closed in the red for the year. Separately, biopharmaceutical company Pfizer weighed heavily on the Dow. The day’s economic report on consumer credit hardly influenced investors and they are now focusing on first quarter earnings reports.For a look at the issues currently facing the […]
Benchmarks rallied on Thursday after encouraging economic numbers boosted investors sentiment. The rise in Philadelphia Fed’s manufacturing index and an increase in Conference Board’s leading economic index was welcomed by investors. Positive economic data overshadowed Wednesday’s negative sentiment arising from Federal Reserve’s indication of a possible hike in key lending rates sooner than expected. At the same time, investors were […]
SummaryThe Fed’s forecast for economic activity has dropped.
Slow economic growth will mean slower increases in corporate profits.
The level of stock prices will depend upon how long the Fed’s credit inflation can support new or existing levels.
Yes, the Open Market Committee […]
Loud and proud. Boohoo.com makes extensive use of social media. Photograph: boohoo.comThe clamour to invest in fashion website Boohoo.com put a rocket under its share price when it floated on Friday, with the fast-growing fashion website finishing the day with a market value of £840m, nipping at the heels of established FTSE 250 retailers such as Ted Baker and Debenhams.Shares […]
Benchmarks ended lower on Tuesday on reports of a decline in consumer confidence in February and dismal US home prices data. However, the retail sector gained on the back of Home Depot and Macy’s better-than-expected earnings reports. Overall, it was a choppy session with benchmarks entering the positive zone at noon but failing to hold on to gains.For a look […]
The Bitcoin Center of New York City (Andrew Burton/Getty Images)(NEW YORK) – The U.S. stock market is ending slightly lower after a choppy day of trading. Major indexes moved between small gains and losses for much of the day Tuesday, then drifted steadily lower in the last hour of trading. Traders were discouraged by a surprisingly large drop in consumer […]
