With the month of August now in the books, stocks appear to be treading water awaiting the jobs report on Friday before the Labor Day weekend. The Dow fell 59 points today finishing at 18,394 thanks in part to weak energy prices. Trading volume was higher and the rally remains under pressure. For the month…Read more
About: Cleo Hernandez
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Stocks today were lower but running counter to the decline were bank stocks which were higher as investors feel they could benefit should the Federal Reserve hike interest rates. Leading on the downside were utility stocks. The Dow closed the day off 48 points to 18,454 on heavy trading volume. The rally is under pressure.…Read more
The markets recovered from last Friday’s selloff with the Dow gaining 107 points to 18,502. Trading volume was off significantly from Friday’s level and according to IBD the markets are now under pressure meaning that the rally, while not dead, has stalled and caution is advised. Investors this week will focus on a wave of…Read more
Stocks pulled back on weak volume as the Dow fell 33 points to close at 18,447. The NASDAQ posted its first two day drop in over 2 months. The weak volume was an indicator that institutional investors were not big sellers. The Jackson Hole Central Banker Symposium (JHCBS) is drawing all the attention this week…Read more
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