Brexit…wast this just a bad dream? – Click here..
Market Recap for Tuesday, June 28th, 2016 Today stocks rallied. The Dow jumped over 260 points and the NASDAQ climbed more than 2%. Today’s move came after two dreadful days on Wall Street that resulted in losses of around 6%. So does this mean that the worst is over, or is this just a technical bounce? It’s probably too early to say. But the good news is that stocks ended higher and the VIX (a.k.a. the “Fear Index”) dropped over 20%. With today’s moves it seems as though traders are hoping that the UK can reverse, or at least soften the June 23rd referendum outcome in which the UK voted to leave […]
Market Recap for Monday, June 27th, 2016 And the volatility continues… Although it was a slow day for the economic calendar, post-Brexit volatility was in full effect as stocks dropped for the 2nd day in a row. Stocks were down across the board as the major indices began the day with a gap lower. Once Friday’s lows were broken, the E-Mini S&P was in a virtual free fall. But after sliding 18 points, the S&P sound support around 11am ET. Stocks then spent the rest of the session in a choppy range, trading above session lows. The S&P eventually found support around the 2000 mark, finishing the day at […]
Market Recap for Sunday, June 26th, 2016 Friday was a historic day in markets: The U.K. surprised markets by voting to leave the European Union. The move sent global markets into chaos. The S&P 500 tumbled 75 points, losing the most points since September 1, 2015. In fact, S&P 500 futures went limit-down – meaning that trading was halted – after falling 5%. After a small bounce following the market open, US stocks slid through the afternoon and ended with sharp losses that erased year-to-date gains for the S&P 500 and Dow. The Nasdaq fell over 4% on Friday, the biggest one-day drop since 2011. Here’s where the major […]
Market Recap for Thursday, June 23rd, 2016 Stock ended the day sharply higher. Today the U.K. referendum started, and by the time the markets closed there weren’t any results yet. However, the final round of preliminary Brexit polls indicated that the “Remain” group held a lead over the “Leave” camp in today’s highly anticipated Brexit vote. Traders from around the world seem to like the news, and both European and US exchanges posted solid gains. Here’s where the major indices ended the day: The S&P finished with a 1.34% gain. Up 28 points, the S&P ended at 2,113. The DOW ended 1.29% higher. Gaining 230 points, the DOW closed […]
Market Recap for Wednesday, June 22nd, 2016 Today markets fell slightly as everybody anxiously await Thursday’s referendum in the UK on whether the nation will remain a member of the European Union or leave. The volatility index (VIX), a.k.a. as the “Fear Index” picked up and was trading back above the 21 level As expected, Fed Chair Janet Yellen’s testimony on monetary policy to the House was a non-event. Here’s where the major indices ended the day: The S&P finished with a 0.17% loss. Down 3 points, the S&P ended at 2,085. The DOW ended 0.27% lower. Dropping 49 points, the DOW closed at 17,8781. The NASDAQ was down […]
It could have been an interesting day: Federal Reserve Chair Janet Yellen was testifying before the Senate today. – Click here..
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