US markets have been taking an extended swan dive this month. And stocks remain indecisive in Friday action as we approach the noon hour.
The NASDAQ and tech stocks are tanking big time Thursday. The Nazz is currently off a whopping 584 points for a sickening 4% loss.
With a nothingburger market open Monday, including a flat Dow Jones Industrials (DJI) and a feisty NASDAQ, many theorists claim support for their theories.
It’s not unfair to compare the actions of both Facebook and Twitter to the IRS’ illegal strangling of would-be conservative PACs.
Online shoppers hit Amazon’s Amazon Prime Day promotion hard. The stampede caused the company's retail website to experience serious connectivity issues Monday. Also on Monday, Netflix reported great profit numbers after the closing bell. But the Netflix new subscriber tally disappointed Wall Street. Badly.
As we conclude this piece, the NASDAQ is once again attempting to rise from the dead. But we'll believe in tech again when it can continue to rise for several trading days in a row. So far we're still waiting.
Stocks look to be heading for an August-September correction despite generally positive earnings news for many companies.
Alphabet hit as Q2 profits drop steeply due to $2.74 billion Eurozone antitrust fine, but resurrects itself after the bell when traders see EPS rise above estimates.
Our portfolios tread water as summer stock market action becomes more negative and more tedious. It’s “Waiting for Godot” time again.
OPEC move drives crude oil stratospheric, techs take a hit, banks, insurers speeding away on cruise control.
WASHINGTON, Jan. 13, 2016 – It might as well be Friday the 13th, not Wednesday, given the latest of this month’s serial disasters for traders and investors alike. After a bright, happy opening surge by hopeful bulls, the early buying surge, building on Tuesday’s positive action, soon proved to be a wasted effort. The Dow, ...
WASHINGTON, Oct. 23, 2015 – As we’ve complained many times in this column before, as long as someone somewhere out there is doing the low interest rate centrally-planned stimulus dance, this is a pure traders’ market driven only by headlines and mass manipulations on those headlines as performed by high-frequency (HFT) trading firms. There’s no ...
WASHINGTON, July 20, 2015 – After a sloppy, negative opening trade Monday morning, Wall Street’s major averages have turned positive as of the noon hour, with the DJI currently up 38.18, the S&P 500 up a moderate 3.9 and the tech-happy NASDAQ up a decent 13.42, still trending up after getting a big boost last ...