Commentary: The stock market was in decline Friday to end the week. The market, however has rebounded off the corona lows. The stocks could set up a broad range here if the lows are in. The US stimulus package is now under way. The effects of capital will be felt in the coming weeks. Don’t misunderstand. These funds at present …
Stocks rebound and inch higher ahead of jobs Data
Rally puts equities up again Equities rallied late in the session after a downward move to start the day. The Dow was dragged down on poor earnings reports, along with the slide a slide in crude oil bringing down energy producers. Crude oil hit a six month low, dropping over 250 points before the day was over. OPEC’s announced production …
Turn around Tuesday
Moving on up The equities rebounded nicely on Tuesday, getting back Monday’s losses and had the futures finishing the day +.62% . The 131 point gain in Dow futures had the index trading above where the market closed last week. The market appeared to be led by the banking and energy sectors. Dow futures started moving higher right off the …
Equities rally, but continue downward trend
Six Year Dip The Dow closed lower on Monday, the eighth session in a row with a lower close. That is the longest losing streak since 2011. The index was able to rally and close down 58 points, after being down nearly 200 points to start the day. Concerns Remain Friday’s pull of the health care bill, sent some jitters …
Indicies sideways ahead of House vote
Not too much action took place in Wednesday’s trading in the equities. It seems as if the markets are in a holding pattern, as eyes and ears await the health care vote in the House on Thursday. The Dow closed lower on Wednesday, but missing was the strong sell off we saw on Tuesday. The S&P 500 was able to …
Equities take a hit….biggest slide since October
The euphoria in the equity markets slowed down a bit on Tuesday. Equities markets had their biggest drop slide of the year, and the biggest drop since prior to the election. The S&P 500 had its first 1% decline since October 11th, down 1.2% ,and the Dow futures were down 258 points, a 1.24% drop from Monday. Cloud of concern …
Quiet session in indicies
Tight Ranges rule the day Both the S&P and Dow had relatively quiet sessions on Monday. We saw consolidated trading through out most of the day. The Dow closed -25 at 20956, with only an eighty-six point range in the futures. The S&P 500 was fairly quiet as well, closing -5.75 on the day 2375.50, towards the middle of its …