October came to a close with the Dow dropping 92 points to 17,663. For the week the Dow was up 0.1% but for the month of October it gained 8.47% for its best showing in over 4 years. Oil giant Chevron reported an 87% drop in net income and gave a hint at how long…Read more
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The Dow closed off 23 points to 17,755 on light volume. It was a quiet day with a smattering of earnings reports some good and some not so good. In economic news, the first take on Q3 GDP growth came in at a 1.5% growth rate which is below estimates calling for a gain of…Read more
The Federal Reserve today said it is keeping U.S. interest rates at record lows in the face of persistent threats from a weak international economy and excessively low inflation. But it also suggested the possibility of a rate hike as early as December. This tidbit of news took a promising rally of about 100 points…Read more
The Dow fell 41 points today closing at 17,541 on heavy volume as traders eyeball the Federal Reserve open market committee meeting taking place today and tomorrow. It is expected that interest rates will be kept steady. Oil prices continue to pull back as fears of oversupply continue to mount even in the face of…Read more
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