While Thursday’s weak CPI report gave hope that inflation might stay too low for the Fed to realistically raise rates, much of the week’s equity rally had more to do with four weeks of steadily receding momentum than with the hope that rate hikes might be postponed into 2016 – even the more dovish Fed couldn’t stand in the way […]
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NEW YORK — This morning Fitbit (FIT) began trading on the New York Stock Exchange at $30.40 per share. Yesterday the company set its opening price at $20 a share.“Fitbit is at a nexus of technology and health, which are interesting […]
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Update at market close: Fitbit closes flat at $29.68 a share.NEW YORK — This morning Fitbit (FIT) began trading on the New York Stock Exchange at $30.40 per share. Yesterday the company set its opening price at $20 a share.Throughout the […]
Akin Oyedele
Jun. 10, 2015, 11:54 AM
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REUTERS/Lucas JacksonTraders on the floor of the New York Stock Exchange at the market close in New York on October 17, 2014.Stocks are having their strongest session in several days.The Dow gained as much as 250 points after news crossed that Germany may be offering Greece the opportunity to come up with one economic reform […]
Related MEDEarnings Scheduled For May 7, 2015Morning Market LosersMedifast, Inc. (NYSE: MED), a leading United States manufacturer and provider of clinically proven weight-loss and healthy living products and programs, announced today that President & Chief Operating Officer, Margaret Sheetz, has adopted an individual stock trading plan. The trading plan is designed to comply with Rule 10b5-1 under the Securities Exchange […]
Wikimedia CommonsStock investors are expected to tread carefully next week, as speculation about the timing of a US Federal Reserve interest rate hike adds to concerns about valuations.Since hitting record levels two weeks ago, the US stock market has struggled for direction, and investors said the next several sessions might prove no better. A run of better-than-expected economic figures failed […]
A Salem man who made more than $1.7 million through a series of “pump-and-dump” stock-trading scams was sentenced Friday to five years in prison.Alexander Hawatmeh, 25, admitted that he manipulated the share prices of four penny stocks, then sold off his holdings for enormous returns. Federal prosecutors said that in one March 2014 case, Hawatmeh made $1.27 million through the […]
Foreign investors already can invest in China. The Shanghai-Hong Kong Stock Connect was launched last November, and it allows such investors to trade Shanghai A shares through the Hong Kong Stock Exchange. Mainland investors also gained access to Hong Kong shares, known as H shares.”China’s opening up could be the surprise story of 2015,” said Michelle Gibley, director of international […]
NEW YORK (AP) — U.S. stocks rose modestly in early trading Wednesday, recovering some of the steep losses the market had the day before.KEEPING SCORE: The Dow Jones industrial average rose 49 points, or 0.3 percent, to 18,092 as of 9:45 a.m. Eastern. The Standard & Poor’s 500 index rose seven points, or 0.3 percent, to 2,111 and the Nasdaq […]
Submitted by Pater Tenebrarum via Acting-Man.com,A Big Dow Theory DivergenceWe briefly want to show a few charts that have caught our eye recently. This is by no means a comprehensive market update (we plan to provide one soon). Here is something though one doesn’t see all too often: the Dow Industrials and Transportation averages have diverged from each other for […]
