Market Recap for Sunday, August 7th, 2016 After a choppy couple of trading days, stocks were lower heading into Friday. Hoping for some good news, all eyes were on Friday’s Jobs Report. And the report was just what the Bulls were looking for! Non-Farm Employment numbers showed 255,000 new jobs vs. a 180,000 forecast. And Average Hourly Earnings increased 0.3% compared to the 0.2% that was expected. Although the Unemployment Rate stayed the same at 4.9%, the report beat everyone’s expectations and the major indices finished the week with gains. Fridays rally resulted in new records for both the S&P and NASDAQ. The S&P finished with a a new all-time high. And […]
The Bank of England surprised traders with a rate cut and expanded stimulus today. – Click here..
Market Recap for Tuesday, August 2nd, 2016 Stocks were lower today, responding to continued losses in Crude Oil and weakness overseas. The major indices have been all over the place during the last few trading sessions. But today we saw stocks moving together again. And with losses across the board, the NASDAQ’s 5-day win-streak came to an end. Here’s where the major indices ended the day: The S&P finished with a 0.6% loss. Down 14 points, the S&P ended at 2,157. The DOW ended 0.5% lower. Dropping 91 points, the DOW closed at 18,314. The NASDAQ was down 0.9%. With a 46 point loss, the NASDAQ finished at 5138. The […]
Today the NASDAQ finished higher for the 5th consecutive session. – Click here..
Market Recap for Sunday, July 31st, 2016 Traders had a lot to digest this past week. We had a Fed Statement, the Bank of Japan policy statement, and a busy earnings calendar with releases from big companies. But the news actually led to a choppy week of trading. And after the dust settled, the major indices finished the week mixed. The NASDAQ was the uncontested leader last week. Helped out by tech stocks like Apple (AAPL) up 5.6%, Alphabet (GOOGL) up 4.2% and Facebook (FB) up 2.4%, the NASDAQ finished the week with a solid gain. Here’s where the major indices ended the week: The S&P finished with a […]
Stocks finished the session mixed after another choppy session. – Click here..