[Chart courtesy of MarketWatch.com] Moving the markets The race to getting nowhere fast continued, as Disney’s earnings showed that subscriber growth was anything but acceptable causing the stock to puke by losing over 8%. Then it was PacWest which confirmed that the banking troubles are far from being over by acknowledging in a regulatory filing that its deposits fell 9.5% …
Bad News Is Good News Again; Worst Productivity Numbers In 37 Years
[Chart courtesy of MarketWatch.com] 1. Moving the Markets In the face of the worst productivity numbers in some 37 years, the markets did what they do best; rally! Although early enthusiasm gave way to a sell-off, the S&P 500 managed to climb back above the unchanged line by a fraction of a percentage after making new intra-day highs. But, investors …
Stocks Retreat In Directionless Trading
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks retreated a bit from last week’s record closes on the heels of an alleged strong jobs report. Equities, which had been stuck in a holding pattern after hitting fresh highs in late July, rallied Friday after the government reported that a better-than-expected 255,000 jobs were created in July. It was the second straight month …
Disney Miss Brings Down Dow
[Chart courtesy of MarketWatch.com] 1. Moving the Markets After posting its biggest daily gain since March 1, the Dow’s upward move did not last too long and the warm fuzzy feeling from yesterday dissipated in a hurry. Hitting the markets today, was the news that Staples (SPLS) decided to bail on its $6.3 billion acquisition of Office Depot (ODP) after …
Disney Pulls Down The Dow
[Chart courtesy of MarketWatch.com] 1. Moving the Markets While most indexes managed to close above the unchanged line, the Dow ended up slipping thanks to a weak performance in energy and Disney. The early rally was based on hope that odds of an interest rate increase by the Fed next month subsided a bit due to a soft reading on …
Dow Falls For Fourth Straight Day
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Shares of Apple (AAPL) fell 3.2%, making it the biggest losing stock of the Dow. The tech giant is under pressure as worries about an economic slowdown in China raises concerns about its biggest growth market. On the economic front, investors continue to focus (speculatively) on when the Fed will boost interest …