The Dow closed the week out with a gain of 62 points to finish at 17,006. We certainly have not seen that number in a while. For the week the Dow was higher by 2.2%. Market leadership has shifted to material stocks in part because the gubment has begun imposing tariffs on imported steel. Material…Read more
About: Cleo Hernandez
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Stocks today traded mostly flat to down before a late rally pushed the Dow to a 44 point gain at 16,943 on heavier volume. One area of strength in US markets are the pipeline companies which continued their recent run today and are making up for a brutal 2015. Tomorrow we will have the February…Read more
The Dow was up 34 points today to 16,899 on mixed volume. Moody’s Investors Service cut the outlook on China’s government credit ratings to negative from stable, citing rising government debts, declining foreign reserves and doubts about authorities’ “capacity to implement reforms.” Chinese markets brushed off the news and were higher on the day as…Read more
Markets moved up today on good US economic reports. The Dow gained 348 points 16,865 on heavy volume. Banking and heavy construction stocks led markets higher as a construction spending report showed a better than expected increase of 1.5% in January to the highest level since 2007. The ISM manufacturing index contracted in February however…Read more
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