Two out of the three major indices finished higher after a quiet trading day. Stocks dropped in morning trading, but the S&P and NASDAQ were able to bounce back and end the session with small gains. But the DOW was another story. The DOW started the day positive but pulled back as the morning went on. Trading was sideways for most … Read more
Where has all the volume gone? There may be some simple explanations. In the last few days, as the markets have focused on earnings and paid less attention to geopolitics, stocks have risen. The S&P 500 was up in five of the last seven days. Traders seem much less worried. Volatility, which has been elevated … Read more
In a Chinese stock market infatuated with round numbers, 3,000 has emerged as the latest fixation for investors trying to gauge the government’s commitment to ending a nearly $1 trillion selloff. That’s the next big line in the sand for the Shanghai Composite Index, whose 13 percent slump since Jan. 24 has been the steepest … Read more
The major indices finished higher for the second day in a row today. After a strong open and rally in the morning, stocks continued to edge higher throughout the day. The NASDAQ led the major indices, finishing at its best level since March 21st. At the close, the S&P, NASDAQ, and DOW were allabove their 50-day moving average, something we haven’t … Read more
Today stocks opened higher and never looked back. Shaking off concerns over Syria, traders seemed to focus on positive earnings and retail growth instead. This morning retail numbers were released and they were better than expected, with Retail Sales jumping 0.6% after three straight months of declines. With the major indices higher across the board, the S&P returned to … Read more
There was a lot to digest last week: Trade wars, Zuckerberg’s testimony and concerns over Syria. Stocks finished higher for the week. But trading was a little shaky on Friday, with traders worried about the Syria situation heading into the weekend. During the week, President Trump vowed to retaliate against the Syrian government for its chemical attack against the … Read more
Stocks bounced back today, with traders less worried about a U.S. response to Syria’s alleged chemical weapons attack. The change in mood came after President Trump tweeted that a U.S. attack “could be very soon or not so soon at all.” The message was pretty cryptic, but traders seemed to know what to do…buy stocks! The … Read more
Today stocks closed lower, as investors are waiting for an imminent strike against Syria. Investors have been waiting for a response from President Trump, after a chemical attack from the Syrian government killed more than 40 people over the weekend. And today, the situation escalated when Russia warned that it would shoot down any missiles … Read more
Today stocks rallied – again. Stocks were up big from start to finish following remarks from Chinese President Xi Jinping, which helped ease fears of a global trade war. Mr. Xi said that he plans to “significantly” cut tariffs on imported automobiles, reduce duties on other imported goods, and improve the intellectual property rights of … Read more
Stocks were higher, but today’s end of day numbers are a little deceiving. The major indices soared this morning after Larry Kudlow downplayed China tariffs, stating that he thinks the US will reach a negotiation. Stocks were up nicely for most of the session and the DOW was up over 400 points by early afternoon. But things went south … Read more