- Apple Inc.
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- Leading Indicators
- Purchasing Managers' Index
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- The Long Term
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- Weekly Stock and Bond Market Recaps
Monthly Archives: August 2011
Stocks closed the volatile month of August not with a bang but with more of a whimper.
Stocks were down as much as 100 DJIA points in the first hour of Tuesday’s trading, but by the close the market averages had modest gains.
After their first positive week in five weeks, stock prices rose another 2%-plus on Monday, shrugging off the devastation of Hurricane Irene and reflecting better-than-expected personal spending data for July.
Expectations were high for Fed Chairman Ben Bernanke’s keynote address at the K.C. Fed’s Jackson Hole conference, and judging by the stock market’s reaction – Dow up 135 points and the S&P 500 and NASDAQ gaining 1.5% and 2.5%, respectively … Continue reading
Twenty four years ago on this date, the U.S. stock market hit a peak that two months later would be all but forgotten in the Black Monday crash that took the S&P 500 down 20% in one trading session.
After crashing lower by 90-100 basis points in the space of a month, weirdly coincident with the debt ceiling debate and S&P’s ratings downgrade, long-term Treasury bond yields have shot higher over the last three days, with the 30-year T-bond … Continue reading
Stocks enjoyed their best day in a couple of weeks, as the Dow added 322 points (+3.0%), and the S&P 500 (+3.4%) and NASDAQ (+4.3%) were up even more.
Stocks mostly treaded water Monday, with the S&P 500 eking out the slightest of gains.
Friday was a light news day, but investors continued to fret about global growth and the European debt crisis.
Some disappointing economic reports had investors selling stocks and piling into Treasury bonds on Thursday.