WealthMintr | Resources-old

Powell’s press conference draws rave reviews for simplicity of the Fed’s message

May 2, 2019 By: adminbackup

...

Oil prices weighed down by record US output, inventories

By: adminbackup

Oil prices fell on Thursday, pulled down by a surge in U.S. crude stockpiles due to higher crude imports, a drop in refining activity and strong weekly output from the world’s largest producer. Brent crude oil futures were down $1.09, or 1.5%, at $71.09 per barrel around 8:50 a.m. ET (1250 GMT). Brent is set for a weekly loss, which would break its longest string of weekly gains for a...

Fed Stands Pat, Market Pulls Back

May 1, 2019 By: adminbackup

U.S. markets were weak to start Friday’s session despite a blowout GDP number as mixed corporate earnings weighed on the major indexes. The rebound off the lows in the second half of action held into the closing bell to give the bulls the overall weekly win.The blue-chips lagged for the week, and the small-caps remain below a key resistance level, but the overall market momentum remains...

S&P Closes at Another Record Peak

April 30, 2019 By: adminbackup

U.S. markets were weak to start Friday’s session despite a blowout GDP number as mixed corporate earnings weighed on the major indexes. The rebound off the lows in the second half of action held into the closing bell to give the bulls the overall weekly win.The blue-chips lagged for the week, and the small-caps remain below a key resistance level, but the overall market momentum remains...