U.S. markets finished mostly higher on Thursday while showing overall strength for a fifth-straight session. The late session rally held despite the signing of the declaration of a 25% tariff on imported steel and a 10% tariff on imported aluminum. The market took it as a good sign as Canada and Mexico are being exempt, for now from … Read more
U.S. markets mixed on Wednesday following the resignation of President Trump’s top economic adviser, Gary Cohn, but showed strength in the final hour of trading. The departure of Cohn elevated Wall Street’s concerns over the planned tariffs on aluminum and steel imports that could get signed as early as this week. Near-term support levels held while volatility eased … Read more
U.S. markets closed higher after reaching their best levels shortly after the open. The gains were attributed to easing concerns over the prospects of a global trade war and the possibility of talks between North and South Korea. The Russell 2000 rallied 1% after reaching 1,562 into the closing bell while clearing and holding its … Read more
U.S. markets closed lower for a second-straight session to extend February’s losses following a volatile month with plenty of whipsaw action. Today’s action showed market strength throughout the day before a recent pattern of final hour selling pressure emerged to stall momentum. The Russell 2000 plummeted 1.6% after closing at its session low for a … Read more
U.S. markets pulled back on Tuesday after Fed chair Jerome Powell gave his semiannual monetary policy report. There were no major surprises as analysts digested the news throughout the session. However, the losses worsened into the closing bell with volatility spiking ahead of tomorrow and the last trading day for the month. The Russell 2000 stumbled 1.5% while closing … Read more
U.S. markets showed strength for a third-straight session following a pullback in the 10-year yield to its lowest levels since mid-month. The recent gains have recaptured roughly 80% of the 10% pullback from the all-time highs with the major indexes showing momentum ahead of Fed news on Tuesday. The Dow jolted 1.6% after trading to a high … Read more
U.S. markets surged in the final hour of trading on Friday to finish the week in positive territory. It was the second-straight week of gains for the major indexes following the 10% overall correction from earlier this month with nearly half of the losses recovered. The Dow jumped 1.4% after testing a high of 25,313 while closing … Read more
U.S. markets continued this week’s pattern of trading higher into the afternoon before experiencing final hour weakness to settle mixed on Thursday. Traders continue to watch the action in the 10-year note as it inches closer to a 3% yield before deciding to commit new money or bail on a possible market pullback, if triggered. The S&P … Read more
U.S. markets traded in positive territory during the first half of Wednesday’s action but in a tight range ahead of the Fed minutes. The indexes gained strength heading into the news and traded significantly higher following dovish statements made by the Fed. However, volatility returned as the major indexes gave up their gains to finish mostly in the … Read more
U.S. markets showed continued momentum during Tuesday’s session before losing steam and pulling back for the first time in seven sessions. The lackluster action comes ahead of tomorrow’s FOMC minutes and a number of key economic reports as traders seemed tentative ahead of the news. The Dow fell 1% after trading in negative territory throughout the session while testing a … Read more