Benchmarks finished Monday’s trading session nearly flat after recovering from day’s initial losses caused due to a drop in China’s export data and less-than-expected growth in Japan’s economy. Also, ‘hairline cracks’ in Boeing’s 787 dreamliners weighed somewhat on the mood. However, a new deal between two of the world’s oldest fruit importers Chiquita and Fyffes, and better-than-expected earnings forecast from […]
Benchmarks ended Friday’s trading session on a mixed note. The S&P 500 and Dow gained modestly on the back of better-than-expected nonfarm payroll data. These marginal gains were strong enough for the S&P 500 to hit another record high for the second consecutive day. Investors were also kept on the edge by recent developments in the Crimea region; leading to […]
After posting another new high last week, stocks were taking a breather during Monday’s session. The primary catalyst came out of China. From Reuters:China’s exports unexpectedly tumbled in February, falling 18.1 percent from a year earlier and swinging the trade balance into deficit. The data underscored recent concerns about the outlook for China’s economy, even though the Lunar New Year […]
Non-Farm Friday – America is Still Not Working, Stock Market BS RallyStock-Markets / Financial Markets 2014Mar 07, 2014 – 05:20 PM GMTBy: PhilStockWorld
Sorry but this “rally” is just too much BS for me.As you can see from Dave Fry’s SPY chart, we’re running up on ZERO volume in the Futures and then we sell off all day […]
Benchmarks ended Thursday’s trading session on a mixed note. The S&P 500 and Dow ended in the green after the Central Bank of United Kingdom and the European Central Bank kept key lending rates unchanged. Investors also focused on a drop in initial claims. The slight gains helped S&P 500 to move up to another record high; the 50th instance […]
Anytime a trader or investor looks at a stock chart they should look to see if the instrument is making a new high, or a lower high. Continuous lower highs are a good indicator that further weakness is ahead for the equity. Earlier today, the leading mining equipment company, Joy Global Inc (NYSE:JOY) reported earnings. The stock is trading higher by […]
Benchmarks finished Wednesday’s trading session nearly flat as investors received discouraging economic reports. Modest expansion in economic conditions, greater-than-expected fall in ISM Services Index and dismal private sector hiring were overlooked as an outcome of the bitter winter season. Investors also remained focused on the recent developments in Ukraine.For a look at the issues currently facing the markets, make sure […]
US stocks soared on Tuesday as fears of confrontation between Russia and Ukraine subsided. The S&P 500 jumped the most this year to reach a record high after Russian President Vladimir Putin said there he saw no need to use armed forces in Crimea for the moment. Following this news, investors were confident enough to invest in equities rather than […]
Just when you thought it was safe to put away the Dramamine, the stock market has once again started to gyrate in a big way. Volatility is back and investors better get used to it.Recent events like the emerging market sell-off, lower economic forecasts and Russia’s “invasion” of the Ukraine have once again caused the broad stock market to fall […]
Benchmarks finished mostly higher on Friday following some encouraging economic numbers. While a better-than-expected consumer sentiment report and Chicago PMI reading boosted investor confidence, less-than-anticipated growth in US economy and pending home sales were overlooked as an outcome of the severe winter season. The indices not only notched weekly gains, but they also registered strong February gains.For a look at […]
