Markets had a reversal today as both the Dow and NASDAQ opened with big losses but then recovered into the close after Chairman Powell reaffirming that the Federal Reserve was looking to maintain its current accommodative policy for the time being. Optimism for another stimulus package was also on the rise and at the close…Read more
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Tech stocks continue to slump as the Dow gained while the NASDAQ spilled the champaign. At the close the Dow was up 27 at 31,521 on higher volume led by energy, materials, banks, and industrial stocks. Both IBD and BTS continue to show markets in rally mode but it seems the gap between high flying…Read more
Stocks jumped around in mixed fashion today. After trading up triple digits for most of the day the Dow lost steam and closed flatlined at 31,494. Trading volume was higher as options expirations boosted volume. For the week the Dow gained 33 points in a tight range and is sitting at all-time highs while the…Read more
Both the Dow and the NASDAQ posted losses today after the latest jobs data badly missed estimates. The Dow finished the day down 119 at 31,493. Trading volume was off and both BTS and IBD continue to list markets in rally mode.Walmart, the world’s largest retailer, reported better than expected 4th quarter results with sales…Read more
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