It was “Bank shocker Friday” as earnings reports from JP Morgan and Wells Fargo came in better than expected and ignited a stock rally on heavy trading volume. The Dow closed up 269 points at 26,412. For the week the Dow posted a flat performance and is up 12.1% for the year. On the Greystone…Read more
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Stocks began the day up but then faded into the close and finished down 14 points at 26,143 on lower volume. The markets seem to be marking time as we get ready to report earnings. The gurus are thinking that earnings will be lower for the first time in several quarters but after that they…Read more
Stocks continue to trade in mixed fashion, but market leadership has clearly shifted to the NASDAQ which is heavy to tech, chip and software companies. These are benefitting from things like 5G, electric cars, data centers and AI. This rally could be called the “5GEVAI” rally. At the close the Dow was up 6 points…Read more
Stocks pulled back on more trade talk. At the close the Dow was off 190 to 26,150 on heavier trading volume. The NASDAQ was also lower but trading volume declined. The markets fell after the US indicated it could focus on trade issues with Europe after it concludes its trade negotiations with China. Back in…Read more
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