Well that was boring. All eyes were on the Fed and their decision on interest rates this week. But after cutting rates a quarter point yesterday (as expected) stocks have gone nowhere. — RECOMMENDED — Learn How You Could DOUBLE or TRIPLE Your Account in One Week! Find Out How With The #1 Selling Trading … Read more
Huawei launched a new 5G flagship smartphone lineup Thursday without pre-installed Google-licensed apps as the Chinese tech giant faces fallout from a U.S. blacklist earlier this year. The Mate 30 series, which was unveiled at a launch event in Munich, will operate on an open-source version of Google’s Android operating system. Huawei has been unable … Read more
U.S. stocks were set to open slightly lower Thursday after the Federal Reserve during the prior session steered clear of committing to looser monetary policy and lower interest rates for the remainder of 2019. Dow futures fell 7 points, indicating a negative open of about 10 points. Futures on the S&P and Nasdaq were also … Read more
Today was all about the Fed. Stocks traded in a narrow range until 2pm ET when the Fed Statement was released. And as expected, the Fed cut rates a quarter point. Seven members voted for a cut, while one member wanted a bigger cut, and two members wanted to keep rates the same. — … Read more
“How can you make money when the market is flat?” That’s the question my brother asked as we sat down for a cup of coffee. Darrell put some money into an index fund a year ago. And when he looked at the value of his account last month he was disappointed to see his investment … Read more
U.S. stocks were set to open slightly lower Wednesday morning as a key policy decision from the Federal Reserve loomed. Around 7 a.m. ET, Dow Jones Industrial Average futures indicated a loss of 27 points at the open. S&P 500 and Nasdaq 100 futures also pointed to slight losses. The Fed is expected to cut … Read more
Oil was in the spotlight again today. After yesterday’s huge rally (the biggest 1-day rally ever), Oil pulled back almost 6%. The drop came after Saudi Arabia said it has restored half of the production that was lost in the attacks over the weekend and plans to have oil production completely restored by the end … Read more
U.S. stocks were set to open slightly lower Tuesday morning as investors braced for the start of a two-day Federal Reserve policy meeting. Around 7:15 a.m. ET, Dow Jones Industrial Average futures fell 59 points, indicating a loss of 58 points at the open. S&P 500 and Nasdaq were also marginally lower. — RECOMMENDED — … Read more
Over the weekend oil refineries in Saudi Arabia were hit by drones. The attack knocked out as much as 5.7 million barrels a day in oil production. This amounts to roughly half of Saudi Arabia’s daily production which represents 5% of the world’s production. Oil stocks soared after the attacks. But most stocks were lower … Read more
U.S. stock futures dropped Monday morning amid fears that a surge in oil prices following an attack in Saudi Arabia could slow down global economic growth. Around 7 a.m. ET, the Dow Jones Industrial Average futures indicated a loss of more than 100 points at Monday’s open. S&P 500 and Nasdaq 100 futures were also … Read more