U.S. markets opened at fresh record highs to start Monday’s action amid increasing optimism on trade. Commerce Secretary Wilbur Ross reiterated over the weekend that good progress was being made on a phase one deal with China and also suggested the U.S may not need to impose EU auto tariffs.The Nasdaq was up for the 3rd time in 4 sessions after rising 0.6% while trading to an intraday high of...
Continue reading >>
...
Continue reading >>
...
Continue reading >>
U.S. markets were tepid ahead of the Fed’s decision on interest rates with the major averages showing weakness on the open but some strength ahead of the news. As expected, a quarter-point reduction was announced with the action muted as Wall Street awaited further developments.Fed Chairman Jay Powell’s comments afterwards were once again scrutinized but this time helped sentiment as the...
Continue reading >>
U.S. markets were tepid ahead of the Fed’s decision on interest rates with the major averages showing weakness on the open but some strength ahead of the news. As expected, a quarter-point reduction was announced with the action muted as Wall Street awaited further developments.Fed Chairman Jay Powell’s comments afterwards were once again scrutinized but this time helped sentiment as the...
Continue reading >>
It’s the last day of October for stocks and the markets have enjoyed an anxiety-ridden climb toward all-time highs, but if this statistical trend for equity benchmarks holds up, there is much more room to run.Dow Jones Data Group data going back to 1950 indicates that when the Dow Jones Industrial Average and the S&P 500 index are up as sizably at the end of October as they are now,...
Continue reading >>