Mixed Economic Data Helps Lift Markets, No Reason For Fed To Pull Punchbowl: The S&P 500 broke out of a tight range today to close higher and neared the all-time high of 1,565 today as sentiment among traders shifted. The S&P 500 has been rangebound for the past few sessions and made it harder for…
Dow Has First 9 Day Winning Streak Since 1996 On February 2013 Retail Sales, Traders Cautious: When will we start talking about the Fed again? Traders picked up on upward momentum in midday trading as the Dow rose marginally in a cautious trading environment. The Dow Jones Industrial Average barely gained for the day closing…
Unemployment Rate Drops To 7.7 from 7.9 Percent: Is QE Over? Unemployment rate drops to the lowest level in 4 years. Yesterday the unemployment report showed the U.S. economy is gaining strength. The U.S. economy added 236,000 jobs last month, according to the Labor Department report released Friday. The January data was revised down from…
Equities Make Comeback After 2013 Worst Day Ever On Consumer And Housing Data Will it last? Stocks made a strong comeback today after the Dow Jones Industrial Average fell over 200 points yesterday to close with the worst point loss in 2013 so far. After 3 weeks of severely tight trading, stocks broke out of…
Dow Closes Above 14,000 On Positive Jobs Data, Consumer Confidence And Manufacturing Data: Just when the economy looked like it was teetering, the data gets better. Today, a slew of economic data confirmed the economy isn’t in contraction mode although it’s still growing at a slow pace. January 2013 nonfarm payrolls rose by 157,000 which…
