Stock Market Sell-Off: The Chart That's Keeping Wall Street Up at Night
For months, Wall Street insiders have passed this chart around amongst themselves and nervously discussed whether it foretells a major stock market sell-off.
The chart compares the path of the current Dow Jones Industrial Average over the past year and a half to the Dow's moves over the 1928-1929 period.
While the Dow is trading at a much higher level now than in the 1928-1929 period, the pattern is eerily similar to the path that led to the worst stock market crash in Wall Street history, right up to the recent stock market sell-off and recovery.To continue reading, please click here...
Janet Yellen Testimony to Congress
U.S. Federal Reserve Chair Janet Yellen delivered the semiannual Monetary Policy Report Tuesday morning before the House of Representatives. This was Yellen's first public address since assuming the role as head of the U.S. central bank after predecessor Ben Bernanke on Feb. 3, 2014.
Yellen, who until last week served as vice chair of the Fed, testified on the health of the U.S. economy, her commitment to the central bank's ongoing stimulus efforts, and regulatory needs for the financial system.
The full text of Yellen's remarks follows.To continue reading, please click here...
- Five Important Things Federal Reserve Chair Janet Yellen Said to Congress Today When freshly installed Fed Chair Janet Yellen went before Congress yesterday, she mostly followed the script written by her predecessor, Ben Bernanke. But now that she's in charge, everything she says will carry a great deal of weight. Here are five key takeaways from Yellen's testimony...
Stock Market Today Fluctuates Ahead of Yellen's Debut
Stock Market Today, Feb. 10: U.S. stocks were buoyant but fluctuating today, with both the Nasdaq and S&P 500 closing in green territory, although the Dow slipped.
The Dow Jones Industrial Average closed up 0.1%, or 7.71 points, at 15,801.79 points; The S&P 500 closed up 0.2%, or 2.82 points at 1,799.84; and the Nasdaq Composite Index closed up 0.5%, or 22.3 points at 4,148.17 points.To continue reading, please click here...
U.S. Stock Market Today Nails In Another Rally
Stock market today, Feb. 7: Today (Friday), U.S. stocks closed in positive territory for a second consecutive session after the January jobs report revealed a declining unemployment rate.
The Dow Jones Industrial Average closed up 1.06%, or 165.55 points at 15,794.08 points; the S&P 500 closed up 1.33%%, or 23.6 points at 1,797.02, and the Nasdaq Composite Index closed up 1.68%, or 68.7 points at 4,125.86.To continue reading, please click here...
January Jobs Report: Even the Cooked Numbers Are Bad
The January jobs report is another sign of how weak our economic recovery is - and it's not even taking into account all of the unemployed.
Friday, the Labor Department reported employers added 113,000 jobs last month. The unemployment rate ticked down to 6.6% from 6.7% in January, a rate not seen in five years.
But we know that number doesn't tell the full story...
The decline in the unemployment rate is due to an ongoing trend: discouraged workers exiting the labor force.
The actual unemployment rate, the U-6 rate, which includes "marginally attached workers plus total employed part time for economic reasons," remains at an unhealthy 12.7%.To continue reading, please click here...
This Stock Market Sell-Off Will Bring a Great Opportunity to Buy
The stock market sell-off has made for a rough start to 2014 - and February could bring more of the same.
The S&P 500 Index fell by 3.56% in January, its worst monthly drop since May 2012, and was off to its worst start in February since 1933. The Dow Jones Industrial Average plunged more than 300 points on Monday, Feb. 3, and had its worst start since 1982. And the Nasdaq Composite Index started the month down 106 points, or 2.61%.To continue reading, please click here...
Today's Stock Market News and Earnings Calendar
Today's stock market news, Feb. 5, 2014:
Yesterday, the Dow Jones Industrial Average rose 0.5% to close at 15,445. The Nasdaq ticked upward 0.8% to 4,031, while the S&P 500 increased 0.75% to 1,755.To continue reading, please click here...
Stock Market Selloff: Should Investors Be Worried?
The Dow Jones Industrial Average plunged 326 points today, while the S&P 500 dipped 40 points and the Nasdaq dropped 107. In 2014, the Dow is down 7.3%, the S&P 500 5.8%, and the Nasdaq 4.3%.
Money Morning's Chief Investment Strategist Keith Fitz-Gerald joined FOX Business' "Varney & Co." today (Monday) to answer today's biggest question: Should investors be worried about this stock market selloff?To continue reading, please click here...
Best Stocks to Buy Now: A Money Morning Weekly Roundup
Best investments for the week ending Jan. 31, 2014: A sharp sell-off in emerging markets, disappointing earnings from several key companies, and further tapering from the U.S. Federal Reserve left markets reeling last week.
Despite the nosedive, investors still have plenty of opportunities for profit. Money Morning keeps readers current on the best stocks to buy now and the best investing moves to make for any market conditions.Here's what we covered last week:
Stock Market Today: Dow Jones Industrial Average Gets Hammered
Stock Market Today, Feb. 3: U.S. stocks closed down Monday after a rough trading session on the heels of a disappointing report on U.S. manufacturing and ahead of a busy week for economic indicators.
The Dow Jones Industrial Average closed down 326.05 points, or 2.1%, at 15,372.80 points; the S&P 500 Index closed down 2.28%, or 40.7 points, at 1,741.89; and the Nasdaq Composite Index closed down 2.61%, or 106.92 points at 3,996.96.To continue reading, please click here...
Today's Stock Market News and Earnings Calendar
Today's stock market news, Feb. 3: U.S. markets slumped on Friday and posted their worst month since May 2012.
The Dow Jones Industrial Average tumbled 4.88% in January. Last week, mixed earnings from retail and tech giants collided with renewed concerns about emerging markets and production declines in China.
With our eye on the Opening Bell, here are five stories to watch this morning.To continue reading, please click here...
Stock Market Today: Dow Jones Industrial Average Ends January in the Red
Stock market today, Jan. 31: U.S. stocks closed down Friday, wrapping up a rough January and the worst month in trading in over a year as several corporate earnings weighed on the market.
All three major indices closed in the red. The Dow Jones Industrial Average closed down 0.94%, or 150 points, at 15,699 points. The S&P 500 closed down 0.65%, or 11.6 points, at 1,783 points, and the Nasdaq Composite Index fell 0.47%, or 19 points, to close at 4,104 points.
Energy futures closed down today. Light sweet crude oil for March delivery closed $0.74 to settle at $97.49 per barrel. Heating oil for March delivery closed down 1.0% at $3.00 per gallon, and natural gas lost 1.36%, or $0.07, to close at $4.94 per million BTUs.To continue reading, please click here...
Today's Stock Market News: The Biggest Stories and Earnings to Watch
Today's Biggest Stock Market News, Jan. 29:
Five Stories for This Morning
- The State of Our Union is Expensive: U.S. President Barack Obama gave his fifth State of the Union address last night. During the speech, he demanded a guaranteed retirement plan for American workers, immigration reform, tax reform, gun control, and economic opportunity for all. The White House even announced it will back a congressional Democratic plan to increase the federal wage to $10.10 over three years, and then index it to inflation.
2014 State of the Union Address: Nine Ideas You'll Hear Tonight and Why They Matter
SOTU 2014: U.S. President Barack Obama will deliver his fifth State of the Union address tonight, which means tomorrow most media outlets will graph and "wordcloud" his most used buzzwords like "jobs," "invest," and "innovate."
Instead of waiting until after the SOTU, we put together the nine phrases you're likely to hear tonight - as well as why President Obama needs to address them.
Here's your outline of State of the Union 2014:To continue reading, please click here...