Indexes had very nice action in the back half of the week and Friday’s 0.41% gain for the S&P 500 and 0.75% rally in the NASDAQ only added to that theme. Greek Prime Minister Alexis Tsipras agreed to meet with representatives from the European Union, the European Central Bank and the International Monetary Fund, ahead of Monday’s key Eurogroup meeting […]
Another holiday, another opportunity to get settlement day wrong. Plus some ancient history in which Washington’s Birthday is transformed into Presidents’ Day.Emanuel Leutze’s famed 1851rendition of Washington crossing the Delaware. (Via Wikipedia)WASHINGTON, February 11, 2015 – Some might wonder why we publish Wall Street’s holiday trading/settlement schedules in our CDN business and financial columns. The reason is simple. Inexperienced traders […]
Benchmarks ended Monday’s volatile trading session with solid gains after a rally in oil prices boosted energy shares. An offer from Greece’s finance minister to end the standoff with its international creditors over the country’s debt was also welcomed by investors. Monday’s solid gains came in after the S&P 500 and the Dow posted their biggest monthly loss in almost […]
Markets ended its choppy session in the green as continuing positive impact from the European Central Bank’s monetary stimulus announcement offset concerns following Syriza’s win in Greece. Moreover, a rally in homebuilder stocks sparked by strong earnings results from DR Horton boosted benchmarks on Monday. Meanwhile, encouraging comments from OPEC’s secretary-general helped energy sectors to register solid gains.For a look […]
Markets ended in the red zone for the second-consecutive day on Monday as oil price slide continued to dent investor sentiment. Moreover, dismal earnings outlook also dragged down benchmarks yesterday. However, some merger and acquisition news limited day’s losses. More than 75% of the Dow components ended in negative territory on Monday.For a look at the issues currently facing the […]
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The stock market hasn’t had a great start to the year. In 2015’s first full week, the S&P 500 lost ground and on Monday the price of oil was crashing again and bringing stocks lower, too. Still, the benchmark index is less than 3% away from all-time highs, and according to Jim Paulsen at Wells Capital, using the median price-to-earnings […]
Biotechs Rally!Biotech stocks were really strong today. BIIB led the group with a $18.59 pop! ALXN added nearly $10. AMGN gained $5.34, erasing yesterday’s loss. JAZZ climed +3%. ILM popped $6.61.At first glance, BTK looks to be healthyBTK has been consolidating for more than a month. Its daily MAs have bunched together. Just yesterday, BTK was look bearish when it […]
“People are a bit more cautious as we head into the beginning of 2015; the 10-year and 30-year, these levels are taking everybody by surprise, after all this talk in the third week of December that we’re going to see rising rates,” Kinahan said of falling Treasury yields.”Financials are always key, with these rates down, these companies have become incredibly […]
The bull market is nearing six years old. It turns out that the biotech sector again managed a huge outperforming year in 2014 as well. The gains of the key biotech exchange traded funds (ETFs) were up in the 40% range, with the NYSE Arca Biotech index up over 45% year-to-date. The equal-weight biotech ETF performed better than the key larger […]
Get those trades done before you head out to grandma’s. (Via Wikipedia)WASHINGTON, December 23, 2014 – As a public service, we’re listing dates, times and settlement dates for U.S. and Canadian holiday trading hour from today through the New Year’s holiday.Those trading on international exchanges during the holidays: your mileage may vary. Whether trading on US, Canadian or international markets, […]
