US stocks are seesawing around the unchanged line in what appears to be another thinly traded session for investors Friday. With one trading day left to go in 2016, the Dow Jones Industrial Average looks set to record its best year since 2013 with gains of 13%, while the S&P500 looks poised to finish with yearly gains of 10%.
It's a lackluster day of trading, similar to yesterday's open, but yesterday's follow through triple digit loss on the Dow surprised most everybody. It is important to note that trading was very light and to see a bit of profit taking after the last six weeks of positive returns is something that could well be expected. Markets are mixed to start
Stocks are down modestly at the start of trading Wednesday in what appears to be a very quiet day. Tuesday marked the lowest trading volume day of any this year as many traders remained out on vacation.
With only four more trading days in 2016, the U.S. markets are taking a holiday breather as they point toward 2017. It’s been a surprisingly positive year for most U.S. stocks with the lion’s share of the growth following the Trump victory in early November.
We would like to take just a moment to wish each one of you a very Merry Christmas and express our appreciation for your support through this wild and crazy year. Today's news is very reflective of what we have seen throughout the week. The general momentum has shifted to the negative, but with such low investor participation due to the holidays, it is ha
Stocks are edging lower Thursday as investors digested a batch of mixed economic data while the Dow Jones Industrial Average continued to struggle to break through the 20,000 point level. Several economic reports have come in already this morning but market reaction has been muted as investors appear hesitant to make big moves ahead of the long holiday weekend.
Markets are flat this morning and likely to stay that way with many traders taking the week off. The 'big' story is the fact that the Dow is flirting with the 20,000 mark, a story that has little true substance, but reflective of the strong surge we have seen since the Presidential election. The US dollar is giving back some of the gains it has made agains
The Dow Jones Industrial Average could very likely reach 20,000 in today’s session if the upward momentum seen in the first hour of trading continues throughout the day. The major US indexes finished modestly higher yesterday even in the midst of the deadly attacks in Berlin Monday afternoon which left nine dead and several injured.
With less than a week until Christmas, the markets look to be relatively quiet this week with little economic data to digest and many on Wall Street heading into vacation mode. Volume is light this morning which is producing a relatively flat start to U.S. stocks. In the early going, both the Dow and S&P500 are up 0.20%.
The 20,000 point level for the Dow is definitely within sight as the markets close out another positive week for U.S. stocks. Following the first triple digit loss since the election on Wednesday, the Dow put it’s rally hat on again yesterday and is looking to finish the week toward the upside for the sixth straight week.
Markets are liking the economic data coming out this morning. Jobless claims continue their downward trajectory and the Philly Fed Index and the Empire Index both came in well above expectations, indicating that the US economic recovery is picking up speed. Yesterday the Federal Reserve announced their first interest rate increase of the year, bumping up rates by
Today is a big day on the economic news front with the Federal Open Market Committee set to announce their decision on interest rates. The rate decision will officially be announced at 2pm EST followed by a news conference with Janet Yellen at 2:30pm.
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