NEW YORK — Expectations that the Federal Reserve will be slow to raise interest rates, spurred by a weak jobs report last week, helped send the stock market up Monday. A jump in the price of crude oil set off a rally in energy stocks.The stock market was closed Friday, the day the Labor Department reported that employers added just […]
The stock market is rigged.When I started making that claim years ago — and provided solid evidence — people scoffed. Some called it a conspiracy theory, tinfoil hats and that sort of stuff. Most people just ignored me.But that’s not happening anymore. The dirty secret is out.With stock prices rushing far ahead of economic reality over the last six or […]
Wall St. rises on Nike, lower dollar; Nasdaq hits 15-year highBy Caroline ValetkevitchFri Mar 20, 2015 6:48pm EDT
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A morning commuter carries an umbrella as she passes by the New York Stock Exchange during a winter storm in New York February 2, 2015.Credit: Reuters/Brendan McDermidStocks snap 3-week losing streak5:58pm EDT n”>(Reuters) – U.S. stocks rose on Friday, pushing the Nasdaq […]
Recent sharp gains in the U.S. dollar <.DXY> have increased worries about the currency’s impact on the earnings of U.S. multinationals. S&P 500 earnings projections for the first quarter and for 2015 have fallen sharply since Jan. 1.Among early reporters, Nike (>> Nike Inc) jumped 3.7 percent to $101.98 as the biggest boost to the Dow after it posted a […]
The stock has even more upside from where it was trading Friday, around $475 per share, Yaron Werber, senior biotech analyst at Citi Investment Research, told “Power Lunch.” As the Alzheimer’s drug likely will not reach the market for years, it is important to Biogen’s long-term prospects, he said.When looking at valuations, investors need to consider that low interest rates […]
The stock has even more upside from where it was trading Friday, around $475 per share, Yaron Werber, senior biotech analyst at Citi Investment Research, told “Power Lunch.” As the Alzheimer’s drug likely will not reach the market for years, it is important to Biogen’s long-term prospects, he said.When looking at valuations, investors need to consider that low interest rates […]
Benchmarks ended in the green on Wednesday after FOMC’s policy statement indicated federal funds rate would be raised only gradually. The Federal Reserve’s move to eliminate the “patient” phrase from its guidance indicated the central bank edged a step closer to its much-anticipated first rate hike since 2006. However, the Fed officials downgraded economic growth and inflation projections, signaling it […]
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Remember when Federal Reserve Chair Janet Yellen said that social media and biotech stocks seemed pricey during a July 2014 testimony to Congress? “…Valuation metrics in some sectors do appear substantially stretched—particularly those for smaller firms in the social media and biotechnology industries, despite a notable downturn in equity prices for such firms early in the year,” she said.On Twitter, […]
Going into 2015 the economic outlook held by the U.S. investment establishment could not have been much more positive, and more unified. Pundits saw all the variables aligning to create the best of all investment worlds, a virtual “no-brainer” of optimism. Many believed that the 5.0% annualized growth in 3rd quarter would stay strong in the 4th Quarter and then […]
A solid day for the indexes as the market gapped up at the open and buyers filled in all day. The S&P 500 gained 1.07% and the NASDAQ 1.30%. Jens Weidmann, head of Germany’s Bundesbank, held to an austerity line and told Reuters on Tuesday that Greece needed to make a credible effort to recover itself with tighter public finances […]
