Markets were on a wild ride today before getting bucked off to finish the day down 222 at 15,944. Trading volume was heavier. The Federal Reserve issued a dovish policy statement saying they will hold rates steady for now even though the course set last year is still in place. The press release noted that…Read more
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The Dow bounced back on heavy volume from yesterday’s Wall Street snow covered correction. The Dow gained 282 points to 16,167. We are in a “yo – yo” market. Apple Computer reports earnings after the close today. US economic data continues to be spotty. US consumer confidence rose to 98.1 and the expectations index also…Read more
Stocks fell today in concert with the price of oil as oversupply continues. The Dow fell 207 to close at 15,885. Trading volume was very light which is a positive. McDonald’s reported earnings and beat estimates as the rollout of the 24/7 breakfast has been hotter than a fresh cup of coffee. Net income gained…Read more
Stocks rallied for a second straight day on lighter volume with the Dow gaining 210 points to 16,093. This was the first positive week for the trading year. Hope springs eternal! In the “Interesting market stats” file, an article on CNBC noted that during Wednesday’s market selloff, 43% of NYSE listed issues hit their 52…Read more
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