[Chart courtesy of MarketWatch.com] 1. Moving the Markets Markets were all peachy yesterday upon the Fed’s sentiment of keeping interest rates low for the near future. However, today was a new day and, as you know, market sentiment can change on a dime daily. Of the three major indexes, only the Nasdaq composite gained slightly. Oil seemed to be the …
Markets Bullish On Fed Sentiment; Windows 10 This Summer?
[Chart courtesy of MarketWatch.com] 1. Moving the Markets In a statement, the Fed, as expected, did drop its promise to be “patient” as it weighs interest rate hikes. Still, investors reacted bullishly to the suggestion that rate hikes were not baked in for June either, as feared, which potentially pushes out the first rate hike even later in the year. …
Markets Lower Anticipating Fed Meeting
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The Fed kicked off their two-day meeting today. Of course, the hot topic of late is whether or not they will raise interest rates in the near future. The general consensus around the news today is that the Fed is likely to announce that they will remain patient over the next couple …
Markets Fly High On Fed Speculation
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Markets soared higher today ahead of a two-day Federal Reserve meeting beginning tomorrow that may set the stage for the first U.S. interest rate hike since the global financial crisis. In economic news, a growing number of investors expect the U.S. central bank to raise its benchmark interest rate sooner than anticipated …
Stocks Rally With Financials Plowing Forward
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Gains today put both the S&P 500 and Dow back into positive territory for the year. Eyes were focused on tentative announcements from the Fed regarding their stress testing on top U.S. lenders, which exceeded expectations. The conclusions were that 29 of the 31 top banks all passed with flying colors. Investors …
Selloffs Drag Markets Lower
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Markets experienced one of the largest sell-off in equities over the past two months. A rising dollar value and declines in tech companies stock seemed to be the major culprits today. In tech Cisco Systems Inc. (CSCO) took a hit for the sixth time in seven days, suffering its largest daily decline …