Benchmarks suffered their biggest drop in two months on Wednesday after a slump in oil prices dragged energy shares down. Oil prices took a beating after OPEC lowered its oil production forecast for 2015. The S&P 500 registered its worst one-day percentage decline since Oct 13. All 10 sectors of the S&P 500 index also posted a decline of more […]
Is this time different? Is oil down because we just have a shit load of it, or is it because the global economies are sucking at growth so badly that we”ll never have to fire up another factory again? Does this action portend a vicious black swan that only few can see? Crude has just about been cut in half […]
DEC 5thUpbeat Jobs Data Leads To Modest Strength On Wall Street – Shy of a Major Milestone, Dow Closes at New High – Nov jobs report comes in well ahead of expectations – Financials lead on the day, energy falls againU.S. stocks rose on Friday, with the Dow and S&P 500 on track for their seventh straight weekly advance after […]
Benchmarks ended slightly lower on Thursday after hitting record highs on the previous day after the European Central Bank failed to provide solid clues about further monetary stimulus. Moreover, investors were also cautious ahead of Friday’s nonfarm employment report. However, encouraging jobless claims report limited some of the losses on Thursday.For a look at the issues currently facing the markets, […]
Benchmarks ended in the green as healthcare and energy shares rallied on Tuesday to post solid gains. Moreover, merger and acquisition news involving Japan based Otsuka Pharmaceuticals and Avanir Pharmaceuticals, and Cypress Semiconductor and Spansion Inc. also boosted investor confidence. Additionally, encouraging reports of domestic vehicle sales and construction spending had positive impact on benchmarks. The S&P 500 posted its […]
Markets ended Friday’s holiday-shortened session on a mixed note following decline in oil prices that dragged down energy shares. However, slide in oil prices boosted airlines and retail shares on Black Friday. Moreover, major benchmarks registered weekly gains for the sixth consecutive week and also managed to finish in positive territory in November.For a look at the issues currently facing […]
Benchmarks settled in the green on Wednesday due to gains in technology and telecom stocks. The S&P 500 and the Dow closed at a record level for the 47th and 30th times this year, respectively. Separately, the Nasdaq was boosted by gains in bio-tech stocks. However, the gains were limited by another slump in energy shares. Meanwhile, the day’s discouraging […]
Podcast: Play in new window | DownloadEpisode 48: As the energy sector falters, the transportation industry flies high. In this episode we discuss the general market with focus on four areas: Transportation, Consumer Staples, Utilities, and the US Dollar.Subscribe to the Wealthsteading Podcast:via iTunes: https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058via STITCHER: http://www.stitcher.com/s?fid=53115&refid=stprHosted by John Pugliano. The Wealthsteading Podcast teaches 10 wealth building principles to help […]
Benchmarks settled in the green as investors continued to be encouraged by efforts from China and Europe to boost their economies. Retail stocks surged as investors believe lower gasoline prices will boost retail sales this holiday season. The S&P 500 and the Dow yet again closed at record highs. Separately, a rally among bio-tech stocks and tech-giant Apple boosted the […]
Benchmarks ended higher on Friday after China’s central bank and ECB’s efforts to stimulate their economies boosted investor sentiment. The S&P 500 and the Dow finished at record levels for the 45th and 28th times this year, respectively. The Nasdaq also gained, but its advance was limited due to declines in large-tech companies. Meanwhile, all the three indexes recorded gains […]
