Chicago PMI and Consumer Sentiment Trigger Stock Market Rally to All-Time High
By Jon C. Ogg February 28, 2014 10:15 am EST
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Friday’s economic reports should not have made much of a dent, nor should they have created much of a bump in the stock market. Gross domestic product (GDP) was a revision for the fourth quarter. Now we have Chicago Purchasing […]
Bloomberg TVTom DeMark.Noted market-timer Tom DeMark did not sound optimistic about the prospects for stocks in an interview with CNBC this morning.
DeMark compared today’s market to that preceding the Black Friday crash in 1929.”When the market made its high on September 3, [1929], there were 23 subsequent trading days where the Dow Jones Industrial Average had a short-term bottom,” he […]
REUTERSAfter a two-day surge that propelled stocks to all-time highs, the market is giving back some of its gains in today’s session.The S&P 500 is down 0.3%, trading near 1842. The Dow Jones Industrial Average is down 0.6%, trading near 16,390.Earlier this morning, December consumer prices data came in line with expectations, and weekly initial jobless claims figures were lower […]
Wikimedia CommonsStocks are having a rough go of it in North American trading today.
The S&P 500 is down 0.5%, trading near 1773, while the Dow Jones Industrial Average is down 0.8%, trading near 15,710. Both are at their lows of the day.Barring an afternoon comeback, this will be the third day in a row that stocks close in the red, […]
NEW YORK (MarketWatch) — U.S. stock indexes opened lower Tuesday, […]
