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 […]
The Nasdaq crossed the 4,000 mark yesterday for the first time in over a decade as strong housing data and positive retail earnings reports improved sentiment. The Dow and S&P 500 also finished in the green, extending their respective record highs. The consumer discretionary sector was the biggest gainer among the S&P 500 industry groups, while utilities stocks lost the […]
Put away your copy of Benjamin Graham’s The Intelligent Investor. Why not plan for your retirement by taking stock advice from 16-year-old Desperate Housewives actress Rachel Fox? She was on CNBC today promoting her day-trading obsession (she’s said to have had a 30.4% return last year) and her Fox on Stocks website. “It’s such an awesome concept…I usually go on technicals,” […]
