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Recurring profit taking in some of the stock market’s big winners from 2013 and earlier this year took most U.S. market indexes down 2%-3% last week. For NASDAQ, which dipped below 4000 Friday for the first time in two months, … Continue reading
For the most part, Friday’s employment report for March was in line with market expectations. Yet, instead of a ho-hum market reaction, or a rally, stocks prices succumbed to profit taking. Something in the report also sparked a decline in … Continue reading
Sharply lower bond yields, an easing of the Chinese liquidity squeeze and the promise of continued monetary accommodation in Europe helped raised stock prices globally Wednesday despite a steep downward revision in U.S. GDP growth.
After rallying last Thursday and Friday on signs Greece and Italy are coming to terms with the seriousness of their fiscal problems, European and U.S. stock prices retreated today, perhaps on the realization that now comes the hard, detailed work … Continue reading
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.
Stocks managed to post modest gains on Wednesday after three former Fed officials hinted that another stimulus program from the Fed was possible.
Stocks started out higher on Monday in response to the news that Congressional leaders and the White House had reached a deal to raise the debt ceiling.
The debt ceiling debate is winding down toward a conclusion, favorable or otherwise, and uncertainty still reigns supreme. August 2 may or may not be the final day that the U.S. Treasury can meet all its obligations, as Treasury Secretary … Continue reading
June 27, 2011 The last week of the quarter started out with another piece of economic news that shows the economy’s slow patch continuing.