We appear to be in the season of predictions as various stakeholders in the bitcoin ecosystem are finding their voices again. The reason for this isn’t far from the recent bullish run of the bitcoin price that has seen it test the $8,500 mark before retracing and trading around the $8,200 mark as at the … Read more
Stocks finished the week mixed after tech stocks struggled with earnings. Here’s what traders were focused on: Facebook (FB) – Facebook was slammed on Thursday after worse than expected earnings. The 19% drop was the worst one-day drop in Facebook history. The sell-off erased $120 billion in stock value which is the biggest one-day market cap loss … Read more
Traders were fixated on Facebook (FB) today. With an earnings miss last night, Facebook was down as much as 24% in after-hours trading. The sell-off brought down the NASDAQ and even the S&P. After a lower open, the major indices traded sideways for most of the day and struggled to find a direction. By the end of the session, the DOW was positive, … Read more
Stocks began the day strong with nice gains and a rally in the morning. But a pullback late morning and choppy afternoon resulted in the indices giving back some earlier profits. It was the DOW leading the way today with a 0.8% gain. The S&P was second in line with a0.5% gain. However, the NASDAQ struggled and finished the day flat, … Read more
Stocks began the day with small losses after tensions between the U.S. and Iran made headlines. President Trump threatened Iran after Iran’s President said “don’t play with the lion’s tail, this would only lead to regret.” Trump’s Twitter response: “Never, ever threaten the United States again or you will suffer consequences the likes of which … Read more
The world has been keeping an eye on two things recently: the World Cup and President Donald Trump. The World Cup wrapped up on Sunday with France beating Croatia. And President Trump’s whirlwind European trip came to an end after a meeting with Russian President Vladimir Putin. Although Trump’s meeting with Putin made headlines, there was … Read more
It was a great week for stocks. On Monday, traders set the tone for the week with nice gains across the board. Tuesday was higher as well, and the major indices were sitting on a 4-day win streak. But the win streak came to an end on Wednesday, with stocks trading back around where the week … Read more
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Stocks finished higher for the 4th day in a row today. And once again, it was the DOW leading the way. Energy stocks were up nicely with Crude Oil making a move back towards 3 1/2 year highs. Although this helped the S&Pand DOW, the NASDAQ finished flat after a quiet day for tech stocks. With today’s close, the S&P is the highest … Read more
We’re off to a great start this week with stocks rallying for the third day in a row. And this time it was the DOW leading the way. Helped out by Goldman Sachs (GS – up 2.8%) and JPMorgan Chase (JPM – up 3.1%), the DOW had its best day in over a month. With today’s gains, the DOW is back in positive territory for … Read more