Category Archives: Daily Market Blip

Your Wednesday Market Blip 2/24/16

Stocks today were on a roller coaster ride. The Dow opened lower by 250 points following a selloff in oil but then when the oil stockpile build number was released it was much lower than expected causing a reversal and pulling the Dow up with it. At the close the Dow was up 53 at…
Read more

Your Tuesday Market Blip 2/23/16

Stocks and oil are going to appear as a couple on Dancing with the Stars! Oil fell about 5% causing the Dow to trade off as well. At the closing bell the Dow was off 189 points to 16,431 on heavy volume. Mark Mills, Senior Fellow and all around good guy at the Manhattan Institute…
Read more

Your Monday Market Blip 2/22/16

Stocks rose 228 today to close at 16,620. Trading volume was very light. Today’s move higher was attributed to rising oil prices and a strong US dollar. Business activity in Europe hit a 13 month low as the PMI index, which is still showing growth, fell to 52.7 from 53.5 in January. The reading missed…
Read more

Your Thursday Market Blip 2/18/16

Stocks fell today as the Dow closed off 40 to 16,413 on light trading volume. US economic news is generally good. Industrial production was up 0.9% in January reversing a 3 month slide and beating estimates calling for a 0.4% gain. Strong utility demand and a gain in motor vehicle production boosted the results. Manufacturing…
Read more