The Dow Jones Industrial Average roared on Wednesday following an announcement that the U.S. Federal Reserve unanimously decided to ditch the thresholds it had set on dealing with unemployment and raising interest rates.
At the closing bell, the Dow Jones rose 181 points to finish at 16,437. The Nasdaq gained 70 points to finish at 4,183, while the S&P 500 added 20 points to end the day at 1,872.
Here's a recap of other major events moving markets today:
Stock market news today, April 8, 2014: U.S. markets slumped for a third consecutive trading session on Monday following a sharp selloff in social media, Internet, and biotech stocks.
All three major indices slipped by more than 1%.
The Dow Jones Industrial Average fell 166 points yesterday to finish at 16,245. The Nasdaq dropped 47 points to finish at 4,079, while the S&P 500 lost 20 points to end the day at 1,845.
Here are the five things you should know to make your day profitable:
Everyone's talking about Michael Lewis' latest book Flash Boys and HFT (high-frequency trading) and whether the markets are rigged.
What they're not talking about is how the markets have been set up for institutionalized rigging.
I'm not kidding.
The markets are rigged. You're going to have to get over it and deal with it.
The rigging is in the system and that's just the way it is...
As to HFT, I'll get to that...
News in the Dow Jones today, April 3, 2014: Here we go again. In an effort to meet its aggressive 7.5% growth target, China will break out the Keynesian prescriptions and increase stimulus spending for the balance of 2014.
At the closing bell, the Dow Jones Industrial Average fell 0.45 points to finish at 16,572.55. The Nasdaq dropped 38.72 points finish at 4,237.74, while the S&P 500 was down 2.13 points to end the day at 1,888.77.
Here's a recap of other major events today...
I don't know about you, but I'm ordering Michael Lewis' new book "Flash Boys: A Wall Street Revolt" - and I'm ordering it today.
Of course, Michael Lewis is the author of two of the biggest-selling books ever written about Wall Street: "Liar's Poker" (1990), an autobiographical portrait of excessively greedy bond traders during the 1980s, and "The Big Short: Inside the Doomsday Machine" (2010), which chronicles the housing bubble that led to the Great Recession in 2007.
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Dow Jones Today: At the closing bell, the Dow Jones Industrial Average was up 40.39 points to finish at 16,573.00. The Nasdaq increased 8.42 points, finishing at 4,276.46, while the S&P 500 climbed 5.38 points to finish at 1,890.90.
Here's a recap of other major events today:
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Stock market today, April 2, 2014: The Dow Jones Industrial Average climbed 74.95 points to finish at 16,532.61. The Nasdaq increased 69.05 points finishing at 4,268.04, while the S&P 500 hit a new record today before settling at 1,885.52.
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Stock market today, April 1, 2014: The markets jumped again on Tuesday after car manufacturers reported stronger than expected sales in March. The auto industry's big month may be attributed to higher demand in March, after the weather hampered sales in January and February.
At the closing bell, the Dow Jones Industrial Average climbed 74.95 points to finish at 16,532.61. The Nasdaq increased 69.05 points finish at 4,268.04, while the S&P 500 hit a new record today before settling at 1,885.52.
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Dow Jones today: At the closing bell, the Dow Jones Industrial Average surged 134.60 points to finish at 16,457.66. The Nasdaq increased 43.24 points to finish at 4,198.99, while the S&P 500 was up 14.72 points to finish at 1,872.34.
Here's a recap of other major events today.
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High-frequency trading is fundamentally based on how market participants (for this discussion I'm talking about stock markets) place their orders to buy and sell shares and how HFT players act on those orders.
For every stock that's traded there is always (or at least it used to be "always") a "bid" and an "ask" price. Sometimes you'll hear the term "offer" or "offered" price, those terms are interchangeable with the term "ask" or "asking price."
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Today's stock market news, March 31, 2014: The Dow Jones Industrial Average rose 58.8 points on Friday to finish at 16,323.0. The Nasdaq increased 4.5 points to finish at 4,155.7, while the S&P 500 rose 8.5 points to close at 1,857.6.
Monday kicks off a busy week of economic data on the global economy. Multiple central banks will hold April policy meetings while U.S. investors will find out whether or not the winter weather has hindered job growth across the nation.
Here are the other stories moving markets today:
Stock market today, March 28, 2014: At the closing bell, the Dow Jones Industrial Average rose 58.8 points to finish at 16,323.0. The Nasdaq increased 4.5 points to finish at 4,155.7, while the S&P 500 rose 8.5 points to close at 1,857.6.
Investors are looking forward to next week, with a huge March jobs report slated for Friday, April 4.
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In the stock market today, all three major U.S. indices closed lower as concerns that the U.S. Federal Reserve might raise rates sooner than expected continued to weigh on traders' minds.
At the closing bell, the Dow Jones Industrial Average fell 4.76 points to finish at 16,264.23. The Nasdaq dropped 22.35 points finish at 4,151.23, while the S&P 500 slid 3.52 to close at 1,849.04. Meanwhile, gold prices fell $8.70 to close at $1,294.70 - below the $1,300 threshold for the first time in six weeks.
At today's closing bell, the Dow Jones Industrial Average rose 91.19 points to finish at 16,367.88. The Nasdaq increased 7.88 points to finish at 4,234.27, while the S&P 500 hit an intraday all-time high before falling to close at 1,865.62.
Here's a recap of other major events today:
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If you like bull markets, you better hope Janet Yellen is one of the most talkative Fed Chairs in history.
It's not that she's going to say anything brilliant or insightful, just that she says something... anything... on a regular basis.
You see, there's a direct relationship between how much she says and what's happening in the markets. What she says is almost completely irrelevant.
I know people spend hours agonizing over the slightest nuances in each statement, but really none of those things matters.
Unless you are a policy wonk, Fed statements are pretty consistently useless pontifications made every 6 to 8 weeks by the head of a supposedly independent financial body that is, in fact, a highly politicized entity.
The Fed exercises little if any control over variables and targets that it changes at will and deems relevant at its sole discretion.
Harsh? You bet. But not without merit... Full Story
