[Chart courtesy of MarketWatch.com] Moving the Markets The trading day started out on a sour note with the major indexes heading south as tech weakness dragged all sectors down for the second day in a row. Things stabilized mid-day, after which we headed south again, but the usual last hour ramp kept losses to a minimum for the Dow and …
Dow Falls Four Days Straight
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks pulled back a tad on mixed corporate earnings and falling oil prices as the Dow slipped for a fourth straight day. Oil prices continue to fall with no obvious reason as the price of West Texas Intermediate Oil, the U.S. benchmark, was down 1.96% to close at $41.10 a barrel. Oil …
ETF/No Load Fund Tracker Newsletter For April 29, 2016
ETF/No Load Fund Tracker StatSheet ————————————————————- https://theetfbully.com/2016/04/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-04282016/ ———————————————————— Market Commentary RUNNING OUT OF STEAM [Chart courtesy of MarketWatch.com] 1. Moving the Markets Coming off one of the worst day for stocks since early February, domestic shares were under pressure again today. Investors have been reacting to mixed earnings reports and maybe, just maybe, the realization is sinking in that the …
Fed Holds Steady—Facebook Beats And Rips In After Hours Session
[Chart courtesy of MarketWatch.com] 1. Moving the Markets As was to be expected, the Fed held interest rates steady for the third consecutive meeting. The FOMC statement was neutral and contained the usual language of “assessing economic and labor conditions, inflationary pressures and expectations along with readings on financial and international developments before determining the size of future interest rate …
Volatility Slams Markets; Facebook Keeps Face
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks dove sharply into negative territory after the Federal Reserve signaled that it has not ruled out another interest rate hike at its March meeting despite noting that it is “closely monitoring” recent turbulence in financial markets and the global economy. All major indexes fell at least 1.1% today, with the Nasdaq …
Oil Pushes Markets Down A Slippery Slope
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Oil continues to be the dominant market mover in the early days of 2016. Stocks ended lower Monday as oil prices dropped more than 7% and fell back to around $30 a barrel. The drop in oil prices of late is mostly due to global oversupply. It appears that none of the …