Stocks snapped a 5 day up trend with the Dow down 109 points to 16,964. Trading volume was lower on the day. Stocks appear to have been led lower by oil. Stocks on the Heng Seng and Shanghai exchanges were mixed last night after China reported the biggest year-over-year decline in exports since 2009. In…Read more
About: Cleo Hernandez
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Stocks today traded in mixed fashion as material and energy related companies continue to rebound while tech stocks fell. At the close the Dow gained 67 points to finish the session at 17,073 on light volume. A couple of weeks ago the US Commerce Dept. slapped tariffs on imported steel and the resulting rebound in…Read more
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
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
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