The Dow Jones Industrial Average fell slightly in premarket trading this morning, falling seven points as markets gave back a small fraction of Wednesday's gains.
The Dow surged Wednesday thanks to a surprising speech by Federal Reserve Chair Jerome Powell.
Investors are being targeted by an all-out media blitz. But it's a funny kind of blitz – none of the violence you'd normally associate with the word. There's a reason for that, as we'll see.
It's a decidedly opiate affair, this blitz. It's calm, soothing, numbing, and permeated with a "don't-worry, all-good" message on near-endless repeat.
Try this: Think of the last time you read, heard, or saw something about "exploding earnings," "synchronized global growth," or "record levels of consumer confidence."
I'll bet it wasn't long ago at all. In fact, I'll go so far as to say you probably read words to that effect today.
So why is the mainstream media going out of its way to spread… calm and tranquility?
I'll show you the answer in a minute, when we dive into what I can only call a "masterpiece of misinformation" from a trusted American news organization.
The Dow Jones Industrial Average was little changed in premarket trading despite a stronger than expected earnings report from Boeing (NYSE: BA).
Shares of the aircraft and space manufacturing giant popped 4.1% after the firm reported EPS of $4.07 on top of $25.15 billion in revenue.
Wall Street expected EPS of $3.45 on top of $23.72 billion in revenue.
The Dow Jones Industrial Average jumped 23 points in premarket hours as the Federal Reserve indicated that it will raise interest rates for the third time this year.
The U.S. Central Bank concludes its two-day meeting on monetary policy this afternoon.
by David Zeiler
Exchange-traded funds (ETFs) are the key to a freshly discovered contrarian investing strategy.
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It's just the latest example of how the contrarian philosophy of ignoring conventional wisdom in the search for undervalued investments can deliver profits.
Here's what Deutsche Bank discovered - and how you can put a contrarian strategy to work for you...
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Despite ongoing trade tensions and concerns about rising oil prices, the Dow Jones today rose over 130 points in premarket trading.
The Dow Jones today gained over 100 points in premarket hours after the Federal Reserve announced the result of financial liquidity tests.
The Dow Jones today rose 130-points in premarket trading on news that the U.S. economy added another 233,000 jobs in May, while the unemployment rate dipped to 3.8%.
The jobs figure was well above the 188,000 positions expected by economists.
The Dow Jones today traded nearly 150-points higher in pre-market trading as investors paired losses from Friday's dramatic selloff.
