Market Recap for Sunday, July 31st, 2016 Traders had a lot to digest this past week. We had a Fed Statement, the Bank of Japan policy statement, and a busy earnings calendar with releases from big companies. But the news actually led to a choppy week of trading. And after the dust settled, the major indices finished the week mixed. The NASDAQ was the uncontested leader last week. Helped out by tech stocks like Apple (AAPL) up 5.6%, Alphabet (GOOGL) up 4.2% and Facebook (FB) up 2.4%, the NASDAQ finished the week with a solid gain. Here’s where the major indices ended the week: The S&P finished with a […]
Stocks finished the session mixed after another choppy session. – Click here..
Market Recap for Wednesday, July 27th, 2016 Fed Days usually cause quite a stir. But it’s hard to believe that it was a Fed Day by just looking at today’s end of day numbers. In the morning, stocks opened higher and immediately sold off. The major indices then traded sideways ahead of today’s 2PM Statement. Here are today’s Fed Statement “takeaways”: Interest rates were left unchanged. Risks to the U.S. economy have diminished. The labor market has strengthened. The Fed continues to “closely monitor” inflation and global concerns. Overall, it was a lot of the same thing that we’ve been hearing. But many traders felt that the statement was […]
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Market Recap for Sunday, July 24th, 2016 It was a choppy trading week. After making record highs on Wednesday, the DOW’s longest win-streak since 2013 came to an end on Thursday. And the S&P was all over the place: Up Monday, down Tuesday, up Wednesday, then down Thursday. Heading into Friday, it looked like the major indices could experience its first weekly loss in 4 weeks. But a rally Friday afternoon left the major indices higher across the board. With Friday’s gain, the major indices closed higher for the fourth consecutive week and the S&P ended with a new record close. Here’s where the major indices ended the week: […]
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Market Recap for Thursday, July 21st, 2016 Today traders were watching two things: Comments from the European Central Bank (ECB). Earnings. This morning, the ECB released their policy statement – and stated that there would be NO policy changes. Traders were disappointed, since they had hoped there would be some stimulus. But the ECB just had the same response as the Bank of England (regarding the Brexit), and ECB President Mario Draghi did say that the central bank “would be ready if needed.” At first, markets seemed unimpressed by these comments. Stocks traded in a narrow range in the morning. However, a steep decline in the afternoon sent stocks […]
Stocks finished the session mixed for the 2nd day in a row. – Click here..
Stocks ended the day with gains, and the S&P and DOW were back trading at record highs. – Click here..