By Garrett Baldwin, Executive Producer, Money Morning - • Print | Email
The DJIA today slipped 128 points. The cause? Investor jitters about interest rates as the FOMC meeting gets underway, coupled with falling oil prices and new concerns about the U.S. economy.
Nine of the 10 industry sectors of the S&P 500 Index dropped. Shares of Johnson & Johnson (NYSE: JNJ) were the biggest drag on the S&P 500 today, falling roughly 1.3%.
Here are the day's top stories, plus our new profit tip for investors...
By Garrett Baldwin, Executive Producer, Money Morning - • Print | Email
The DJIA Index surged 228 points Monday, a day ahead of the Federal Open Market Committee's second meeting of the year.
The cause? A weakening dollar abated concerns about its impact on corporate earnings abroad.
Oil prices were also a big story again today, as both WTI crude and Brent crude slid on oversupply concerns.
Here are the other top market stories - plus our new profit tip for investors...
By Garrett Baldwin, Executive Producer, Money Morning - • Print | Email
The DJIA Index shed 145 points Friday. The cause? Falling crude oil prices and investor jitters ahead of next week's FOMC meeting.
The S&P 500 Volatility Index (VIX), the market's fear gauge, jumped 3.76% on the day.
Here are the day's top market stories - plus our new profit tip for investors...
By Garrett Baldwin, Executive Producer, Money Morning - • Print | Email
The DJIA Index closed with a 27-point loss Wednesday, failing to hold onto earlier gains. The decline comes a day after markets saw their broadest sell-off in two months over concerns of a pending interest-rate hike.
The dollar rose again today, gaining more than 1%. It's now at a 12-year high against the euro.
Here are the day's top market stories - plus our new profit tip for investors...
By Garrett Baldwin, Executive Producer, Money Morning - • Print | Email
The DJIA today rose 138 points. The cause? M&A activity and rising energy shares.
The day's big gain comes after Friday's slump that saw the S&P 500's worst decline in two months and a 300-point drop in the Dow Jones in afternoon trading.
Here are the day's top market stories - plus our new profit tip for investors...
By Garrett Baldwin, Executive Producer, Money Morning - • Print | Email
The DJIA Index fell 85 points Tuesday, retreating from record territory. The cause? Lower than expected auto sales and mixed retail earnings reports.
The Nasdaq dipped back below the 5,000 level, giving up most of Monday's gains. The tech-heavy index was pulled down by Microsoft (Nasdaq: MSFT) and Cisco Systems (Nasdaq: CSCO), which fell 1.3% and 2.15% on the day, respectively.
Here are the top stories from today, plus our new profit tip for investors...
By Garrett Baldwin, Executive Producer, Money Morning - • Print | Email
Stock market today, February 27, 2015: Good morning! DJIA futures forecasted a 13-point decrease from yesterday's close. As of 9 a.m. EDT, DJIA futures read an 11-point (0.06%) loss.
This morning, investors are reacting to the second revision of the Q4 2014 GDP reading. The U.S. government said it grew a pace of 2.2%, which beat expected growth of 2.1% in fourth quarter. Still, the pace is a large decline from the Q3 2014 final reading of 5%.
Later this morning, the markets will keep an eye on the University of Michigan's final February count on consumer sentiment, and a report on pending January home sales.
By Garrett Baldwin, Executive Producer, Money Morning - • Print | Email
The DJIA today shed 10 points, while the Nasdaq gained 20 points. Why were markets mixed? Oil prices slumped, dragging down the energy sector, while the Nasdaq saw a nice bump from a major tech deal.
Last week 313,000 Americans filed for unemployment benefits. The data was higher than consensus expectations of 290,000 filings.
Here are the top market stories from today - plus our new profit tip for investors...
By Garrett Baldwin, Executive Producer, Money Morning - • Print | Email
Good Morning! Futures for Thursday, Feb. 26, forecast a 14-point gain for the DJIA today from yesterday's close.
What to Watch Today: This morning, investors will turn an eye to domestic data. News broke this morning that 313,000 Americans filed for unemployment benefits last week. The data was higher than consensus expectations of 290,000 filings. In addition, investors will watch for January readings on the Consumer Price Index and Durable Goods Orders.
By Garrett Baldwin, Executive Producer, Money Morning - • Print | Email
The DJIA retreated from record levels Monday. The cause? Crude oil prices slipped again on concerns of oversupply.
In addition, Greece's government delayed until tomorrow its presentation of proposed economic reforms to its Eurozone partners.
Residential real estate took a hit today on news that purchases of existing homes fell 4.9% in January.
Here are the other top market stories from today - plus our new profit tip for investors...
