Market News: Dow Jones Industrial Average Falls for Fifth Straight Session
Stock Market News Today, Jan. 27: U.S. stocks are compounding last week's selloff, with all three major indices dropping into the red as home sales fell 7% in December.To continue reading, please click here...
Stock Market Today: The Dow Jones Industrial Average Plunges 318 Points
Stock Market Today, Jan. 24: U.S. stocks today are ending this week on a heavy note, as investors continue to absorb a swirl of disappointing earnings reports and worrisome manufacturing data from China.
All three major indices are logging solid losses: the Dow Jones Industrial Average fell 1.96% or 318 points to 15,879.11; the S&P 500 is down 2.09% or 38.17 points to 1,790.29; and the Nasdaq is down 2.15% or 90.70 points to 4,128.17.To continue reading, please click here...
Stock Market Today: Dow Jones Industrial Average Weighed by Weak Earnings
Stock Market Today, Jan. 22: U.S. stocks today are mixed and trading in a fairly narrow range as corporate earnings season continues - with lackluster results. Investors are cautious ahead of economic data tomorrow that includes jobless claims and existing home sales reports.To continue reading, please click here...
Stock Market News Today: Housing Starts Weigh on Share Prices
Stock Market News Today, Jan. 17: The Dow is up but the S&P 500 and Nasdaq down in afternoon trading, and here's why...
Housing market data today revealed that new home construction fell 9.8% in December to a seasonally adjusted rate of 999,000. The numbers were weighed by starts for single-family homes and apartments, the U.S. Commerce Department reported.To continue reading, please click here...
Don't Fear China and Japan Owning More U.S. Debt
The U.S. Treasury Department said today (Thursday) that total foreign holdings of U.S. debt rose 1.1% in November to $5.72 trillion, putting foreign holdings 0.1% below the all-time high of $5.76 trillion it reached in March 2013.
In particular, China's holdings reached record levels, increasing 0.9% to $1.32 billion, and so did Japan, which boosted its holdings by 1% to $1.19 trillion. The two countries are the largest and second-largest foreign buyers of Treasury debt, respectively.To watch the video, click here...
Stock Market Today Slumps on Sluggish Service Industry
Stock Market Today, Jan. 6, 2014: U.S. stocks, including all three major indices, closed in the red today as growth in the service industries was weaker than expected, adding to the heavy start to 2014 trading.
U.S. services sector shrank last month, with an index of 53.0, down from 53.9 in November and below expectations for 54.8. But, in a more positive economic indicator, factory orders rose 1.8% in November from a year prior, the U.S. Commerce Department reported.
In response, the Dow Jones Industrial Average today closed down 0.27% at 16,425, while the Standard & Poor's 500 was down 0.24% at 1,827 and the Nasdaq Composite Index is off 0.36% at 4,118.
In addition to today's economics reports, retail stocks are likely also weighed by the headline-grabbing cold weather, which investors expect to hurt January's retail sales.To continue reading, please click here...
Stock Market News Today: 2014 Starts in the Red
Stock Market News Today, Jan. 2, 2014: U.S. stocks are kicking off the New Year on a heavy note in today's trading, with the Dow shedding more than 100 points as investors absorb fairly positive reports on jobless claims and U.S. manufacturing.
Initial jobless claims fell 2,000 to 339,000 last week, which is close to analyst expectations of a small increase for that week.To continue reading, please click here...
Stock Market Today Down on Taper Fears
Stock Market News Today, Dec. 12: U.S. stocks are weighed today after having started the day higher on upbeat retail sales data. They retreated on more concerns that the U.S. Federal Reserve will scale back its $85-billion-per-month bond-buying stimulus program.
The S&P 500 today fell 0.38%, or 6.72 points, at 1,775.50, and the Dow Jones Industrial Average lost 0.66%, or 104.03 points, at 15,739.50 points. The Nasdaq Composite Index fell 0.14%, or 5.41 points, at 3,998.40.To continue reading, please click here...
Three Charts Obama Hopes You'll Never See
Today I'm going to show you three charts Obama hoped you'd never see.
You're about to get a very different view of the "recovery" picture that the administration keeps painting for us.
This one, for starters, is accurate.
It also explains why incoming Fed Chair Janet Yellen can't cut stimulus, which is one of the reasons you have an opportunity to make some money here... especially if you follow my "mid-December plan." More on that in a minute.
Let's start with the charts...
The White House positively hates this first one...
- Stock Market Crash 2014: 7 Charts You Need to See Now No bull market goes on forever. And with the stock markets hitting record highs recently, the possibility of some kind of correction grows larger every day. But we've found seven charts that show why the next big move down could be more than just a run-of-the-mill correction. By the time you see the last chart, you'll realize why you should start mapping out a defensive strategy now... To continue reading, please click here...
Stock Market News Today: These Retailers Down Amid Poor Q3 Earnings
Stock Market News Today, Nov. 21: U.S. stocks are continuing to rally today as the 30-year fixed mortgage rate dropped to 4.22% this week from 4.35% last week, and despite the fact that data showed manufacturing activity slowed this month.
The Philadelphia Fed's manufacturing index for October was 6.5 last month, down from 19.8 in October and below economists' expectations for 14.5. That data indicates slowing, but still positive general manufacturing activity.To continue reading, please click here...
Stock Market News Today: Gains Slip After Icahn Warning
Stock market news today, Nov. 18: The Dow ended up today but fell short of 16,000 after bearish comments from Carl Icahn.
The Dow Jones Industrial Average closed up 0.1% to 15,976 points, hitting a high of 16,030 earlier in the day. The S&P 500 closed down about 0.4% at 1,791 points, and the Nasdaq Composite Index closed down 1% at 3,949.To continue reading, please click here...
Don't Fall for This New Old Trick
Kmart has joined a long and "distinguished" list of retail chains who offer a rent-to-own program.
It's a sign of the times... Only, rather than being a sign of economic recovery, it's a sign of retail desperation.
Ostensibly, these programs are intended to benefit cash-strapped consumers who couldn't otherwise afford to buy big-ticket items. In reality, the program turns consumer goods like a $300 television into a $415 purchase, according to Bloomberg.
Talk about "the vig" ...The imputed interest rate is more than 100%, annually.
It's absolutely appalling, and it ranks right up there with the exploitive subprime lending practices that lead to the financial crisis.
And we're not falling for it...
- This $1.7 Trillion Industry Will Turbocharge the U.S. Economy For the next 20 years, Barron's is predicting slower U.S. economic growth, market turbulence and, worst of all, mass displacement of middle class jobs due to advances in technology. But in every crisis lies opportunity. The companies at the forefront of educating our workforce to meet these new challenges will reap massive profits. Here's how to capture your share...
- Currency Trading Today: Follow the FOMC to Profits Another FOMC meeting is in the books, and to no one's surprise they decided to stay the course. That will weaken the U.S. dollar, which definitely has its risks, but can deliver profits for currency traders who know how to play it. This window of opportunity won't stay open for long, however...