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Market Wrap For March 24: Markets On Two-Day Losing Streak?
Monday, March 24, 2014 - 4:48pm | 1804Read More...U.S. stocks declined for the second straight session on little market-moving news. The Nasdaq index was hit harder than other major indices with investors and traders selling off otherwise solid performers like Facebook, Google, Tesla, Keurig Green Mountain and others. "These are all stocks...
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Markets Enter Unknown Territory as U.S., EU Begin Imposing Sanctions On Russia
Monday, March 17, 2014 - 11:36am | 508Read More...The next several weeks could be a critical and historic time for U.S. and European economic ties with Russia, as linked to the ongoing crisis in Crimea and Ukraine. On Monday,The White House outlined its first sanctions against Moscow, following Russia's de facto occupation of Crimea and Sunday...
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EUR/USD: Short Biased In The Long Term
Monday, March 10, 2014 - 4:20pm | 230Read More...Positioning Open short at eur/usd at current price targeting long-run technical level 1.3521 (50.00 percent of Fib. retracements 2009-2010 and 2011-2012 two highest and lowest levels repsectively). The currency is trading in the highest price since Nov. 2011. Technically, under the stochastic...
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Market Wrap For March 3: Markets Lower On Ukraine Tension
Monday, March 3, 2014 - 5:57pm | 2716Read More...U.S. stocks traded lower as investors worry Russia's next step in its use of military force in Ukraine. The Dow saw its worst day in a month while other major indices finished noticeably lower. Investors moved away from equities and found what is believed to be a safe haven in gold and other...
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Market Wrap For February 5: Markets Unsure Of Which Direction To Take
Wednesday, February 5, 2014 - 5:47pm | 3034Read More...U.S. stocks finished the day almost unchanged as investors and traders were presented with a mixed bag of data today. A better than expected report on the service sector negated another report that showed that companies added fewer employees to their payrolls than anticipated in January. The...
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Eurozone Foreign Investment Data Reveals An Uneven Recovery
Wednesday, January 29, 2014 - 10:45am | 290Read More...The euro remained above $1.36 on Wednesday morning, despite foreign business investment data which confirmed that the region's recovery was patchy. The common currency traded at $1.3658 at 4:45 GMT. The The Wall Street Journal reported that the United Nations Conference on Trade and Development...
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Market Wrap For January 14: Markets Rebound On Earnings Season Kickoff
Tuesday, January 14, 2014 - 6:19pm | 2515Read More...Major indices reversed Monday's losses and posted strong gains following a better than expected retail sales report and a luke-warm start to earnings season. Related: Stocks Higher, But Dollar Indecisive After Retail Sales Release Philidalphia's Fed chief Charles Plosser said that he wants QE...
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Market Wrap For January 8: Fed Minutes Released
Wednesday, January 8, 2014 - 5:39pm | 2250Read More...Major indices finished Wednesday's trading session relatively flat as the Fed's minutes released had no impact on the markets. Minutes released from the Federal Reserve's latest meeting re-affirmed that many members on the committee wanted to proceed with caution in trimming the $85 billion...
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Market Wrap For December 16: Dow Posts Triple Point Gain Ahead of Fed Meeting
Monday, December 16, 2013 - 5:55pm | 2347Read More...U.S stocks started off the week on a positive note with triple digit point gains for the Dow following one of the worst weeks in recent memory. Tuesday is an important day for the markets as the Fed begins its policy meeting which will last until Wednesday. After weeks of anticipating when (or...
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3 Years After 'The Shame of it All,' Ireland Exits Bailout
Friday, December 13, 2013 - 4:57pm | 647Read More...Three years after seeing its economy in tatters and the nation facing bankruptcy, Ireland has become the first eurozone member to end its IMF/EU bailout. "This isn't the end of the road,” Michael Noonan, the Irish finance minister, told a news conference on Friday. “This is a very significant...
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Market Wrap For November 4: Economy Is Steady, Tapering Could Be Around The Corner
Wednesday, December 4, 2013 - 6:16pm | 2104Read More...Stock futures declined before the equity markets opened after the ADP employment report showed a higher than expected 215,000 jobs were added during the month of November. Investors and traders were spooked by the report that solidifies the Fed's case to begin tapering. Traders and investors...
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Market Wrap For December 2: Markets Sluggish on Cyber Monday
Monday, December 2, 2013 - 5:50pm | 1882Read More...Despite a positive note by a leading analyst at Morgan Stanley (NYSE: MS), major markets suffered a post-turkey Thanksgiving hangover as major indices closed in the red. Adam Parker, Morgan Stanley's lead strategist predicted the S&P will hit 2014… in 2014, an approximate 11.5 percent gain...
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Market Wrap For November 29: Early Closing Bell And End To November
Friday, November 29, 2013 - 2:29pm | 1069Read More...Volume was light across the board despite Friday's early close also marking the last trading day of November. In typical fashion, markets close at 1:00PM on the day following Thanksgiving. As was to be expected, news was rather light and the major indices ended the day almost flat. The Dow...
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Market Wrap For November 21: Dow Re-Claims 16,000 level On Positive Job Data
Thursday, November 21, 2013 - 5:40pm | 2029Read More...Encouraging news coming from the job market was enough to send the major markets higher. Initial Jobless Claims declined 21,000 to 323,000 versus an estimated 335,000. As to be expected, the Senate Banking Panel Voted in favor to approve Janet Yellen as the next Fed Chair. The Dow gained 0....
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Dow Jumps 129 & Hits a Record High; Twitter IPO Prices at $26
Wednesday, November 6, 2013 - 6:20pm | 1415Read More...Twitter (NYSE: TWTR) priced its initial public offering at $26 a share after Wednesday's trading, a touch lighter than investment bankers had hoped. It's not clear how the pricing, which values the company at roughly $14.2 billion, will affect markets on Thursday. Stocks mostly finished higher...
















