Sellers woke up from the weekend and hit the market hard today with volume soaring along with the US Dollar. The Dow Jones Industrial average fell more than 300 points leading all indexes lower with the Russell 2000 holding up the best. Biotech stocks held up relatively well despite the selling in the broader market. Clearly many traders are worried […]
Are you – and your portfolio – prepared for a perfect market storm? Because there is a risk that a tempest may be on its way, one for which we’re woefully unprepared.The latest piece of evidence arrived Friday, when the Labor Department announced that in spite of the deep chill that gripped a large part of the country during February, […]
Given the scale of tax evasion worldwide, it feels wrong to knock the Greek finance ministry for proposing a clampdown.So, if wiring up concerned members of the public and tourists is questionable, is there a better way?Well, Greece could learn from Slovakia’s example. It roped in its civilians to help, by collecting all their sales receipts for anything over one […]
Mike Bird
Feb. 23, 2015, 8:21 AM
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It’s something that sounds pretty odd to most people who follow financial and international news: Russia’s stock market is the best performing in the world so far this year.It’s up by 28%, dwarfing the European equities rally (the major French, Italian and German indices are all up by more than 10%), and eclipsing the S&P […]
Friday was a generally quiet session until the closing 90 minutes when sellers came in; the S&P 500 fell 0.55% while the NASDAQ gained 0.16%. A pretty significant warning by shipper UPS might be something to watch for an economic perspective – this is a company that moves a lot of goods around the country. Maybe it was just specific […]
Chinese stocks plunged Monday after the country’s securities regulator rapped three major brokerages for continuing to lend money for stock purchases in violation of rules. As punishment for extending so called “margin trading” contracts, the brokerages are forbidden to offer credit to new customers for three months.How much did shares fall?At one point Monday, the Shanghai Composite Index was down […]
Biotech stocks to buy in 2015: Biotech was one of the most profitable sectors this year. Through Dec. 18, the S&P 500 Biotechnology Index is up 43.6% in 2014, and the Nasdaq Biotechnology Index is up 36.9%.Those gains are three to six times as big as the broader markets’. In 2014 through Dec. 18, the Dow Jones Industrial Average is […]
Dubai stocks fell 7.4% on Thursday, the worst one-day drop for that market since 2009 as oil price declines hammer the outlook for the country.Here’s the ugly chart of Thursday’s action, which wrapped up trading at 5 a.m. ET.Bloomberg.comThursday’s drop also wiped out almost all of the remaining gains seen by Dubai’s stock market since the start of February as […]
China overtakes Japan to become world’s second largest stock marketPublished time: November 29, 2014 14:21Get short URLReuters/Carlos BarriaTagsBanking, China, Investment, Japan, MarketsThe capitalization of the Chinese stock market increased 33 percent in 2014 reaching $4.48 trillion, which makes the market second only to the US.Japan’s stock market declined 3.2 percent to $4.46 trillion in 2013, according to Bloomberg analysts.The Chinese […]
There was great economic news on Monday – for somebody.
Monday morning the stock market passed another historic milestone, as the S&P 500 composite index briefly passed the 2,000 mark before ending the day on a record-breaking high. That barrier had symbolic value for many investors, although perhaps not as much as the once-unimaginable goal of seeing the Dow Jones Industrial […]
