Stocks were positive on mixed volume today as the Dow followed a jump in oil prices and closed up 113 points to 17,717. Markets are interesting these days as they have rebounded but the bearish short sentiment is at a multi year high. Pfizer and Allergan officially called of their $160 billion merger this morning…Read more
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Stocks went red after the US Treasury issued a rule on corporate inversions which pretty much killed the deal between Pfizer and Allegran. The news sent shares of both companies to big losses and sparked a selloff in healthcare which spilled over to the rest of the market. The Dow closed the day off 133…Read more
Stocks began the week with see saw trading before the final bell put the Dow off 55 points on light volume at 17,737. (Sounds like a Boeing order). Last week’s jobs report was initially touted as “strong” yet a closer look at the guts of the data show that wage growth is being held in…Read more
Stocks closed the week at a 4 month high as the Dow gained 107 to find rest at 17,792. The day began with an 80 point loss but stocks rallied into the close. Trading volume was higher and for the week the Dow gained about 1.5% or 277 points. The March recovery off of February…Read more
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