Keyword: djia

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  • Dow suffers biggest point drop in 5 months

    03/10/2015 2:12:31 PM PDT · by John W · 28 replies
    marketwatch.com ^ | March 10, 2015 | Anora Mahmudova
    NEW YORK (MarketWatch) — The Dow Jones Industrial Average suffered its worst one-day point drop in five months as investors began pricing in a rate hike by the Federal Reserve by the middle of the year, while other central banks are embarking on a quantitative easing path. ECB’s bond purchases sent European government bond yields sharply lower, while euro fell to multiyear lows against the dollar, wreaking havoc on foreign exchange and commodity markets. Tuesday’s free fall erased 2015 gains for the S&P 500 and Dow industrials, pushing the indexes slightly negative for the year. The surging dollar hammered commodities,...
  • Apple Inc to join Dow industrials index this month, replacing AT&T Inc

    03/06/2015 6:59:17 AM PST · by SeekAndFind · 108 replies
    Apple Inc. will join the Dow Jones Industrial Average on March 18, replacing AT&T Inc., in the first reshuffling since September 2013. Apple holds a market capitalization of about US$736 billion, making it the largest publicly traded company in the world. AT&T, by contrast, has a market value of US$176.5 billion. Shares of Apple were higher in early trading, gaining 1.3% to US$128.02, while AT&T’s shares fell 1.3% to US$33.55. The changes will push the number of technology-related companies in the 30-member gauge to six and boost their influence even more as the tech giant joins Microsoft Corp., Intel Corp.,...
  • Here's why Apple joining the Dow is a 'historic moment' for the company

    03/06/2015 12:35:06 PM PST · by Star Traveler · 16 replies
    Business Insider ^ | Friday, March 6, 2015 | Myles Udland
    On March 19, the world's largest company will join the world's most famous stock index, replacing AT&T. According to Dow Jones, "a stock typically is added only if the company has an excellent reputation, demonstrates sustained growth, and is of interest to a large number of investors," and so on some level, Dow Jones is reaffirming Apple's corporate reputation with this addition. Following Friday's announcement, Piper Jaffray analyst Gene Munster told Bloomberg Radio that Apple's inclusion was a "historic moment." It also just makes sense: Apple's market cap is over $750 billion, making it about twice as big as the...
  • What would the Dow look like if it included Apple?

    03/04/2015 2:18:22 PM PST · by Swordmaker · 14 replies
    Reuters ^ | Mon Mar 2, 2015 10:41am EST | BY RODRIGO CAMPOS AND CHUCK MIKOLAJCZAK
    The Apple logo is pictured inside the newly opened Omotesando Applestore at a shopping district in Tokyo June 26, 2014. Picture taken June CREDIT: REUTERS/YUYA SHINO (Reuters) - It may be by far the most valuable American company but Apple Inc still can’t get into at least one exclusive club – the 30-member Dow Jones Industrial Average. That may not be a problem for the company behind the iPhone and the iPad, after all Apple shares recently hit record highs. It is, though, hurting those who tie their investments to the performance of the venerable Dow, which was first calculated...
  • Apple Inc (AAPL) Stock Downfall At $60 Says Berenberg; AAPL 'Key Driver' Of Hedge Funds

    03/02/2015 1:19:25 AM PST · by Blue Highway · 17 replies
    International Business Times ^ | 3/2/2015 | Reissa Su
    A German investment firm has predicted Apple Inc’s downfall as it sets a stock price target of $60 per share. Berenberg Bank believes the financial model of the Cupertino-based company relies too much on the iPhone. Berenberg has forecasted a more than 50 percent decline of Apple shares. According to Apple Insider, the German firm’s price target is so “extreme” that it doesn’t appear to be plausible prediction but more of a statement. In a note to investors, Berenberg issued the extremely bearish forecast on Apple stock. Even a few investment firms who remain bearish on Apple have maintained price...
  • Billionaires Dumping Stocks, Economist Knows Why

    02/26/2015 12:18:13 PM PST · by Citizen Zed · 52 replies
    newsmax ^ | 2-26-2015
    A handful of billionaires are quietly dumping their American stocks . . . and fast. Warren Buffett, who has been a cheerleader for U.S. stocks for quite some time, is dumping shares at an alarming rate. He recently complained of “disappointing performance” in dyed-in-the-wool American companies like Johnson & Johnson, Procter & Gamble, and Kraft Foods. Buffett’s holding company, Berkshire Hathaway, has been drastically reducing his exposure to stocks that depend on consumer purchasing habits. Berkshire sold roughly 19 million shares of Johnson & Johnson, and reduced its overall stake in “consumer product stocks” by 21%. Berkshire Hathaway also sold...
  • The Market Rally Is Gone

    01/13/2015 11:00:42 AM PST · by blam · 15 replies
    BI ^ | 1-13-2015 | Myles Udland
    Myles Udland January 13, 2015 Stocks have erased all of today's gains, and they're now slightly in the red. Just after 1:30 Tuesday, the Dow was up just 21 points (0.1%), the S&P 500 was down 0.1 point (-0.0%), and the Nasdaq was up 17 points (+0.3%). At its highest level, the Dow was up by 283 points. On Tuesday, the price of oil was falling again, with West Texas Intermediate crude slipping below $45 a barrel for the first time since April 2009 as the commodity just cannot find a bottom. (snip)
  • Stocks Are Getting Crushed Again (It's Ugly Out There) (Oil $47.91)

    01/06/2015 10:43:26 AM PST · by blam · 12 replies
    BI ^ | 1-6-2015 | Myles Udland
    Myles Udland January 6, 2015 It's ugly out there. Near 1:15 pm ET on Tuesday, stocks were near their worst levels of the day as oil was tumbling again. The Dow was down 214 points, the S&P 500 was down 25 points to fall back below 2,000, and the Nasdaq was down 77 points. All the major indexes were down more than 1.2%, with the Nasdaq down 1.6%. CNBC's Scott Wapner has said on-air on Tuesday that we are currently looking at the worst three-day drop in the S&P 500 to start a year ever. The major averages opened higher...
  • U.S. stocks sell off; S&P 500 below 2,000

    01/06/2015 10:53:32 AM PST · by John W · 5 replies
    marketwatch.com ^ | January 6, 2015 | Carla Mozee
    NEW YORK (MarketWatch) — Selling pressure on Wall Street intensified on Tuesday, sending the S&P 500 below the 2,000 level, as slumping oil prices and weaker-than-expected economic reports sent investors running for cover. Tuesday’s selling action comes on the heels of a brutal sell-off on Monday, which saw the closely watched Dow Jones Industrial Average shed 331 points. Investors were scouring for safe industries such as utilities as well as U.S. Treasurys, pushing yields to the lowest levels since the Oct.15 mini-flash crash.
  • OIL CRASHES, DOW FALLS 330: Here's What You Need To Know

    01/05/2015 4:01:35 PM PST · by blam · 24 replies
    BI ^ | 1-5-2015 | Myles Udland
    Myles Udland January 5, 2015The first full week of 2015 got off to a terrible start, with the major stock indexes getting crushed and the price of oil crashing to new lows. First, the scoreboard: • Dow: 17,501.6, -331.3, (-1.86%) • S&P 500: 2,020.6, -37.6, (-1.83%) • Nasdaq: 4,652.6, -74.2, (-1.57%) And now, the top stories on Monday: 1. As was the case for the last few months of 2014, 2015 started with just one thing at the top of investors' minds: the price of oil. On Monday, West Texas Intermediate crude oil broke below $50 for the first time...
  • Dow plunges 300 points as oil falls below $50

    01/05/2015 10:57:16 AM PST · by Signalman · 76 replies
    CNNMoney ^ | 1/5/2014 | Heather Long
    It's quite the sobering Monday on Wall Street as many traders and investors return from their holiday hiatus. The Dow plunged over 300 points in mid-day trading as stock markets around the world fell sharply. What's going on? The main culprits of market jitters these days are falling oil prices and the souring global economy. Crude oil now trades at about $50 and even dipped briefly below that level on Monday -- another psychological threshold for the market. Experts now predict oil could go as low as $40 or even $30 a barrel. While that's great for U.S. consumers, who...
  • Dow tops 18,000 as market reaches new highs

    12/23/2014 11:55:32 AM PST · by SeekAndFind · 10 replies
    Examiner ^ | 12/23/2014
    Stocks are pushing further into record territory as the Dow Jones industrial average tops 18,000 points for the first time. Traders have been encouraged by signs of strength in the U.S. economy and reassurances that the Federal Reserve won't interest rates soon. There was more encouraging news early Tuesday as the U.S. government reported that the economy powered ahead at a 5 percent annual rate in the third quarter. That was the fastest pace in more than a decade. The Dow Jones industrial average rose 43 points, or 0.2 percent, to 18,003 as of 9:35 a.m. Easter. The Standard &...
  • Dow above 18,000 on upbeat GDP report; Nasdaq wavers

    12/23/2014 6:57:23 AM PST · by Las Vegas Dave · 26 replies
    cnbc.com ^ | 12/23/2014 | Kate Gibson
    U.S. stocks furthered record gains on Tuesday, with investor sentiment bolstered by the data that had the economy expanding in the third quarter by the most in 11 years. "We've got strong seasonals, meaning this time of the year is bullish for the market; we've got stabilization in energy, with both Brent and WTI lifting a little bit this morning, as is natural gas, and spectacular economic data; GDP blew out expectations as did personal consumption," said Art Hogan, chief market strategist at Wunderlich Securities/ The U.S. economy soared by 5 percent in the third quarter, the most rapid pace...
  • Is this finally the end of the bull market?

    12/12/2014 3:07:28 PM PST · by Signalman · 24 replies
    CNNMoney ^ | 12/12/2014 | Paul La Monica
    Stocks plunged from mid-September through mid-October before staging a sharp rebound that culminated with the Dow hitting a new all-time high just a week ago on the back of a strong U.S. jobs report. Heading into this week, many investors were predicting that the Dow would soon top 18,000 for the first time. But the sharp sell-off in oil has changed all that. Crude prices are now below $58 a barrel, their lowest level in more than five years. Energy stocks have been hit hard as a result. However, oil stocks were not the only big losers on Friday --...
  • S&P 500, Dow register record closes [48th Time this year]

    12/03/2014 5:51:56 PM PST · by SeekAndFind · 23 replies
    MarketWatch ^ | 12/03/2014 | Anora Mahmudova and Barbara Kollmeyer
    NEW YORK (MarketWatch) — Big gains in energy, materials and industrials sectors, following a rebound in oil and gold prices, helped propel the S&P 500 and Dow Jones Industrial Average to record levels on Wednesday. The S&P 500 SPX, +0.38% both set an intraday record and closed at a record for the 48th time this year, after gaining 7.77 points, or 0.4%, to 2,074.32. Most of the gains on the benchmark index came from materials, industrials and energy sector stocks, with all three sectors rising more than 1%. Cimarex Energy Co XEC, +5.12% , Pitney Bowes Inc. PBI, +4.77% and...
  • Stock Rally Stalls with Republican Win; Investment & Finance Thread Nov. 9, 2014

    11/09/2014 9:53:35 AM PST · by expat_panama · 48 replies
    Weekly investment & finance thread ^ | Nov. 9, 2014 | Freeper Investors
    Stock Rally Stalls with Republican Win; Investment & Finance Thread Nov. 9, 2014 Whoa, the past week was decisive in more ways than one! A week ago we took inventory of then-current trends and considered which scenarios would lead where.  All we knew for sure was that either things would stay their courses or we'd change direction.  What happened is we dumped 'business as usual' --as far as trend-lines went-- and we now got signals pointing at "something new".   That 'something new' might even be a basing/stage prep for a continued price surge (Stock Indexes In Pause Mode, But That...
  • U.S. Stocks End Lower (DJIA down 115)

    10/10/2014 1:26:07 PM PDT · by Signalman · 25 replies
    WSJ ^ | 10/10/2014 | Corrie Driebusch
    *U.S. Stocks End Lower; DJIA Drops 115 Points, or 0.7% *Nasdaq Composite Sinks 2.3%
  • Extreme turbulence: Stocks suffer steepest drop of 2014 (-315 pts)

    10/09/2014 1:32:26 PM PDT · by Signalman · 27 replies
    CNNMoney ^ | 10/9/2015 | Matt Eagan
    If the stock market were a transatlantic flight, the ride just went from uncomfortably bumpy to white-knuckle turbulence. The Dow plunged 335 points on Thursday, its worst day of the entire year on a point basis. What's behind all of this volatility? Market moves aren't always logical, but it's clear that investors are growing increasingly nervous about the fate of the European and Chinese economies. And they don't know how that will change the Federal Reserve's plans to remove the easy-money punchbowl. The violent swings in the market confused professionals and retail investors alike. "Everyone who thought they were in...
  • MARKETS GO WILD AFTER THE FED SAVES THE DAY: Here's What You Need To Know (DJIA +275, 1.64%)

    10/08/2014 1:20:38 PM PDT · by blam · 49 replies
    BI ^ | 10-8-2014 | Myles Udland
    Myles UdlandOctober 8, 2014 Stocks rallied in a big way after the Minutes from the latest Federal Reserve monetary policy meeting showed that the Fed remains particularly cautious about raising interest rates in the face of a strengthening US dollar and a slowing global economy. First, the scoreboard: •Dow: 16,989.69, +270.3, (+1.6%) •S&P 500: 1,968.86, +33.8, (+1.7%) •Nasdaq: 4,469.60, +84.3, (1.9%) And now, the top stories Wednesday: 1. The biggest story on Wednesday was the release of the Minutes from the Federal Reserve's September monetary policy meeting. The minutes were interpreted as "dovish," by the market, essentially meaning that the...
  • Tech trouble sparks wave of selling on Wall Street (DJIA down 246)

    09/25/2014 12:24:18 PM PDT · by Signalman · 6 replies
    CNNMoney ^ | 9/25/2014 | Matt Eagan
    CNNMoney's Fear & Greed Index is now flashing "extreme fear," compared with just "fear" a week ago. Very recently, this gauge was in all-out "greed" territory. Safe haven demand, a key metric in the Fear & Greed Index, switched to "extreme fear" from "neutral" earlier this week. It's important to remember that low trading volumes caused by the Rosh Hashanah holiday could be exacerbating the selloff. Low volume makes it harder for buyers and sellers to pair up. Sour Apple: One stock that's not seeing a shortage of volume is Apple. The tech giant dropped 3% on Thursday in the...
  • Icahn, Soros, Druckenmiller, And Now Zell: The Billionaires Are All Quietly Preparing For The Plunge

    09/04/2014 6:50:17 AM PDT · by blam · 13 replies
    Zero Hedge ^ | 9-4-2014 | Tyler Durden
    Tyler Durden 09/03/2014 "The stock market is at an all-time, but economic activity is not at an all-time," explains billionaire investor Sam Zell to CNBC this morning, adding that, "every company that's missed has missed on the revenue side, which is a reflection that there's a demand issue; and when you got a demand issue it's hard to imagine the stock market at an all-time high." Zell said he is being very cautious adding to stocks and cutting some positions because "I don't remember any time in my career where there have been as many wildcards floating out there that...
  • Coppock Market Message: Get Out And Stay Out - Check Back In Q1 2015

    05/05/2014 10:53:26 AM PDT · by blam · 6 replies
    Zero Hedge ^ | 5-5-2014 | Tyler Durden
    Coppock Market Message: Get Out And Stay Out - Check Back In Q1 2015 Tyler Durden 05/05/2014 12:44 -0400 Submitted by Charles Hugh-Smith of OfTwoMinds blog, This chart's value is in posing an if-then question: if today's S&P 500 follows these patterns, what will our reaction be? Longtime contributor B.C. recently submitted a chart that combines two interesting market tools: the Coppock Curve and historical analogies. Coppock called his technical invention the Very Long Term (VLT) Momentum indicator, and the so-called "killer wave" is a top followed by a second lower peak. This chart shows the Coppock Curve for the...
  • Stocks sink on Fed, emerging market fears

    01/29/2014 6:04:28 PM PST · by Signalman · 6 replies
    local10.com ^ | 1/28/2014 | Ben Rooney
    While the Fed's decision was not a surprise, some investors had expected the central bank to address the recent turmoil in Turkey and other emerging markets that has spilled over to Wall Street. Drew Nordlicht, managing director at wealth management firm HighTower in San Diego, said that investors were disappointed by the Fed's decision to "not even acknowledge the strains" in emerging markets. The Dow Jones industrial average lost nearly 190 points. Boeing was the biggest drag on the Dow as investors were disappointed by its earnings outlook. AT&T also gave earnings guidance that fell short of expectations. The S&P...
  • Billionaires Dumping Stocks, Economist Knows Why

    01/03/2014 9:18:37 AM PST · by gorush · 58 replies
    moneynews.com ^ | Thursday, 02 Jan 2014 | Newsmax Wires
    Despite the 6.5% stock market rally over the last three months, a handful of billionaires are quietly dumping their American stocks . . . and fast. Warren Buffett, who has been a cheerleader for U.S. stocks for quite some time, is dumping shares at an alarming rate. He recently complained of “disappointing performance” in dyed-in-the-wool American companies like Johnson & Johnson, Procter & Gamble, and Kraft Foods. In the latest filing for Buffett’s holding company Berkshire Hathaway, Buffett has been drastically reducing his exposure to stocks that depend on consumer purchasing habits. Berkshire sold roughly 19 million shares of Johnson...
  • Dow Hits 16,000 for First Time, S&P 500 Hits 1,800 (Both all time highs)

    11/18/2013 8:14:17 AM PST · by SeekAndFind · 46 replies
    ABC News ^ | 11/18/2013
    Stock market indexes are hitting new milestones on Wall Street. The Dow Jones industrial average crossed 16,000 points for the first time early Monday and the Standard & Poor's 500 index crossed 1,800 points. Stocks have been rising sharply this year as the U.S. economy improves, companies report bigger profits and the Federal Reserve keeps up its easy-money policies.
  • Stock market hits record high!

    07/12/2013 8:38:23 AM PDT · by SeekAndFind · 14 replies
    Decatur Daily ^ | 07/12/2013 | Steve Rothwell, Associated Press
    NEW YORK — Call it the Bernanke Boost. The stock market, which has been marching higher for a week, got extra fuelThursday after Federal Reserve Chairman Ben Bernanke said the central bank will keep supporting the economy. The Dow Jones industrial average and Standard & Poor’s 500 surged to all-time highs. And the yield on the 10-year Treasury note continued to decline as investors bought bonds. Stocks that benefit most from a continuation of low interest rates, such as homebuilders, notched some of the biggest gains. The chairman made the comments in a speech late Wednesday after U.S. markets had...
  • Dow drops below 15,000

    06/05/2013 1:31:48 PM PDT · by Signalman · 18 replies
    CNNMoney ^ | 6/5/2013 | Hibah Yousuf
    <p>Persistent worries about the slowing economy and when the Federal Reserve will start tapering its bond buying program had investors on edge again Wednesday.</p> <p>U.S. stocks fell sharply, extending the previous day's slide, after major global markets also ended in the red.</p>
  • STOCKS CRATER, DOW FALLS 208 POINTS: Here's What You Need To Know

    05/31/2013 1:31:14 PM PDT · by blam · 58 replies
    Business Insider ^ | 5-31-2013 | Sam Ro
    STOCKS CRATER, DOW FALLS 208 POINTS: Here's What You Need To Know Sam Ro May 31, 2013, 4:00 PM Things got really ugly during the last few minutes of the trading session. First the scoreboard: Dow: 15,115, -208.9 pts, -1.3% S&P 500: 1,630, -23.6 pts, -1.4% NASDAQ: 3,455, -35.3 pts, -1.0% And now the top stories: The April personal income and spending report was disappointing. Income was flat, which was worse than the modest 0.1% gain expected by economists. Spending unexpectedly fell by 0.2%. "Despite surging prices for homes and equities, consumer spending is contracting," said economic bear Lakshman Achuthan...
  • Stocks Slip on Muddy Outlook for U.S. Economy

    05/01/2013 9:30:54 AM PDT · by John W · 14 replies
    The Street ^ | May 1, 2013 | Andrea Tse
    NEW YORK (TheStreet) -- The S&P 500 fell after a spate of negative surprises in economic reports was balanced against expectations that the Federal Reserve will not be winding down its asset purchases in the near future. The latest employment numbers pointed to a slowdown in the economy with payroll processor ADP reporting that the private sector added 119,000 jobs in April vs. a downwardly-revised 131,000 in March. The number was below the consensus estimate of 150,000, according to Thomson Reuters. Similarly, the ISM Manufacturing Index dipped to 50.7 in April from 51.3 in March, falling further than the 50.9...
  • 'Bogus' AP tweet about explosion at the White House wipes billions off US markets

    04/23/2013 12:14:47 PM PDT · by Hojczyk · 26 replies
    The UK Telegraph ^ | April 23, 2013 | Peter Foster
    The US stock market went into a temporary tailspin after hackers broke into the Twitter account of the Associated Press and announced that two bombs had exploded at the White House, injuring Barack Obama. “Breaking: Two Explosions in the White House and Barack Obama is injured,” said the fake “alert” from one of America’s most trusted news sources, briefly fooling some news outlets and sending the Dow Jones plunging 145 points in the space of two minutes — or 1 per cent. The benchmark S&P 500 index also fell nearly 1 percent in the space of three minutes as the...
  • AP says its Twitter account hacked (led to Market flash crash)

    04/23/2013 10:24:16 AM PDT · by RummyChick · 61 replies
    market watch ^ | 4/23 | market watch
    Associated Press says its Twitter account has been hacked, as the Twitter feed falsely said that there had been two explosions at the White House.
  • The Dow Isn’t Really At A Record High (And It Wouldn’t Matter If It Were)

    03/05/2013 10:08:58 PM PST · by Olog-hai · 4 replies
    NPR / Planet Money ^ | March 5, 2013 11:53 AM | Jacob Goldstein
    Just a quick, cranky reminder: Despite what you may have read, the Dow Jones industrial average did not hit a new high today in any meaningful sense. After adjusting for inflation, the Dow was higher in 2000 than it is today. It was also higher in 2007. It would need to rise another 10 percent or so to hit an all time high in real (i.e., inflation-adjusted) terms. … There are other, less arbitrary indexes of the U.S. stock market, such as the S&P 500, which tracks 500 (rather than just 30) big U.S. companies. The S&P 500, for what...
  • Dow Hits All-Time High: What’s Next for Lofty Stock Market?

    03/05/2013 10:56:22 AM PST · by SeekAndFind · 24 replies
    Yahoo Finance ^ | 03/05/2013 | By Matt Nesto
    In the face of great skepticism and a laundry list of reasons why it shouldn't be happening, the Dow Jones Industrial Average (^DJI) burst higher in early trading today, eclipsing the previous closing high of 14,164 set on October 9, 2007. As it stands, the DJIA is also trading above the record intraday high of 14,198. While the Dow's move into all-time high territory was not entirely unexpected, it is nonetheless a momentous achievement. Of particular note is the fact that today's record comes just four days shy of what will be the index's 4th anniversary of its low, which...
  • DOW HITS NEW BULL-MARKET HIGH (+175): Here's What You Need To Know

    02/27/2013 3:41:49 PM PST · by blam · 14 replies
    TBI ^ | 2-27-2013 | Sam Ro
    DOW HITS NEW BULL-MARKET HIGH: Here's What You Need To Know Sam RoFebruary 27, 2013, 4:00 PMWow! What a huge day for stocks. First the scoreboard: Dow: 14,075, +175.2 pts, +1.2 percent S&P 500: 1,515, +19.0 pts, +1.2 percent NASDAQ: 3,162, +32.6 pts, +1.0 percent And now the top stories: * The Dow closed at a new post-crisis, bull-market high. The S&P 500 got close. Both indices are near their all-time highs. The Dow closed at its all-time high of 14,164 on October 9, 2007. The S&P closed at its all-time high of 1,565 that same day. * The big...
  • Dow Hits Fresh Multi-Year High, on Track for Best Close Since Oct. 2007

    02/12/2013 12:38:28 PM PST · by ExxonPatrolUs · 19 replies
    <p>Stocks held near session highs Tuesday, with the Dow Jones Industrial Average hitting a fresh five-year high ahead of President Barack Obama's State of the Union address later this evening.</p> <p>With the Dow's move higher, the blue-chip average is now less than 1 percent from its all-time record close of 14,164.53 hit on October 9, 2007. The Dow is up more than 7 percent so far in 2013.</p>
  • The Dow at 14,000: not as good as gold (Do not be fooled by the DJIA hitting record highs)

    02/11/2013 7:41:04 AM PST · by SeekAndFind · 19 replies
    New York Post ^ | 02/12/2013 | Seth Lipsky
    What an illuminating week for Wall Street — the Dow Jones Industrial Average has been bobbling just above and below the record high 14,000 mark, even as the country comes to grip with the reports that its economy has actually been slumping, with GDP shrinking 0.1 percent in the last quarter of 2012. The Obama administration is trying to put a bright face on things — but the rest of us feel like we’re smoking more now and enjoying it less. Well, guess what: While the Dow Jones Industrials have been edging past 14,000, the actual value of those stocks...
  • Dow hits 14,000 for 1st time since October 2007

    02/01/2013 12:10:36 PM PST · by SeekAndFind · 19 replies
    Yahoo Finance ^ | 02/01/2013 | Christina Rexrode
    NEW YORK -- The Dow stock market index flirted with the 14,000 line Friday, bringing reminders of the last time it hit that mark — almost a different era, before the financial crisis rocked the world economy. Propelled by reports on U.S. jobs and auto sales, the Dow Jones industrial average crossed the line and kept its ground through the early afternoon, after flitting back and forth throughout the morning. The other major stock indexes also rose. "There's a newfound enthusiasm for the equity market," said Jim Russell, regional investment director at U.S. Bank Wealth Management in Minneapolis. But market...
  • ART CASHIN: Veteran Traders Have Noticed A Peculiar Pattern During The Final Hours Of Trading

    01/07/2013 11:59:18 AM PST · by blam · 17 replies
    TBI ^ | 1-7-2013 | Sam Ro
    ART CASHIN: Veteran Traders Have Noticed A Peculiar Pattern During The Final Hours Of Trading Sam RoJan. 7, 2013, 11:11 AM Stocks have started 2013 on a positive note, closing at a five-year high on Friday. So, are people feeling bullish? Art Cashin, UBS Financial Services Director of Floor Operations, is a tad skeptical. He points to some imbalances during end-of-day trading in this morning's "Cashin's Comments": Some On-Close Support For the “New Money” Thesis – As we have noted repeatedly during this New Year’s rally, several of us old fogeys believe most of the fuel for the move...
  • Dow Futures Down 226 After Obama Fiscal Cliff Speech

    12/28/2012 3:27:14 PM PST · by WashingtonSource · 40 replies
    Dow Futures Live ^ | December 28, 2012 6:15 p.m. | Dow Futures Live
    Dow Futures Live As on 28-Dec-2012 18:15:18 EDT 12,777 -226.00 -1.77%
  • Marc Faber Warns Global Stock Markets Will Implode

    11/14/2012 6:11:00 PM PST · by blam · 30 replies
    TMO ^ | 11-14-2012 | Marc Faber
    Marc Faber Warns Global Stock Markets Will Implode Stock-Markets / Financial CrashNov 14, 2012 - 04:09 AM In this "Squawk Box" excerpt, Marc Faber warns investors to prepare for an eventual "'reset" of the global financial system: “The market is going down because corporate profits will begin to disappoint, the global economy will hardly grow next year or even contract, and that is the reason why stocks, from the highs of September of 1,470 on the S&P, will drop at least 20 percent, in my view.” “There will be pain and there will be very substantial pain. The question is...
  • Stock Market Falls Over Fiscal Cliff (Down 312 Yesterday - Down 121 Today)

    11/08/2012 3:18:30 PM PST · by blam · 14 replies
    TMO ^ | 11-8-2012 | PhilStockWorld
    Stock Market Falls Over Fiscal Cliff Stock-Markets / Stock Markets 2012Nov 08, 2012 - 01:37 PM By: PhilStockWorld Down 312 points yesterday. (121 again today) That's a hefty sell-off and we'll see if we get some follow-through but we pretty much hit our downside targets on the head in a single day as I said to Members in yesterday's Morning Alert: About 13,000 on the Dow. 1,400 on S&P, 2,980 on the Nas, 7,950 on NYSE and 800 on the RUT are about the lows we have to hold – all seem like good spots to go long to me...
  • OH NO: The Stock Market Is Tumbling Again, And It's Right On The Infamous 200-Day Moving Average

    11/08/2012 10:54:18 AM PST · by blam · 39 replies
    TBI ^ | 11-8-2012 | Joe Weisenthal
    OH NO: The Stock Market Is Tumbling Again, And It's Right On The Infamous 200-Day Moving Average Joe WeisenthalNovember 8, 2012 Alert! The stock market is falling. And the S&P is now right on its 200-day moving average (the red line in this chart) which some people see as an important "support" level. If we break through it, some people might freak out. From Stockcharts.com: Stockcharts.com
  • Stocks Are Eerily Following A 1987-ish Path

    10/23/2012 12:44:28 PM PDT · by blam · 13 replies
    TBI ^ | 10-23-2012 | Sam Ro
    Stocks Are Eerily Following A 1987-ish Path Sam RoOctober 23,2012Last Friday was the 25th anniversary of the horrific stock market crash of 1987. While stocks didn't collapse like they did in 1987, the anniversary nevertheless saw an ugly 205 point sell-off in the Dow. And today, the Dow is off 230 points with around 90 minutes left in today's trading session. It's worth noting that the 1987 crash was preceded by a series of huge sell-offs. Today, the folks at Bespoke Investment Group dared to compare the stock market in 1987 to the market this year (see below). The analysts...
  • MARKET BLOODBATH GETTING WORSE: Earnings Coming In Ugly

    10/23/2012 6:25:28 AM PDT · by blam · 33 replies
    TBI ^ | 10-23-2012 | Joe Weisenthal
    UPDATE: MARKET BLOODBATH GETTING WORSE: Earnings Coming In Ugly Joe WeisenthalOctober 23, 2012 You can get a full roundup of what's happening in markets this morning here, but the basic gist is: Markets tumbling everywhere, lots of weak earnings. First, the markets: Dow futures are off about 130 155, and the major indices are all down a little over 1%. It's ugly in Europe as well. Germany is down 1.4%. Spain is down 1.1%. Italy is down 1%. As for the micro, there are lots of ugly earnings this morning. Dow Component DuPont is down 6% after a big whiff....
  • Goldman Sach's: Fiscal 'Brinksmanship' Will Send Stocks Right Off The Cliff

    10/15/2012 2:15:19 PM PDT · by blam · 1 replies
    TBI ^ | 10-15-2012 | Sam Ro
    Fiscal 'Brinksmanship' Will Send Stocks Right Off The Cliff Sam RoOct. 15, 2012, 3:16 PMGoldman Sachs's equity strategy team led by David Kostin are convinced that the S&P 500 will sink to 1,250 by the end of the year. This is down around 13 percent from current levels. And they blame the 'fiscal cliff.' "We assign a low probability that Congress addresses the ‘fiscal cliff’ in a benign fashion prior to year-end 2012," writes David Kostin in a new note to clients. "The likelihood is perhaps as low as 1 in 3 depending on the election outcome. We expect it...
  • The Market Sell-Off Is Accelerating

    10/10/2012 9:58:26 AM PDT · by blam · 25 replies
    TBI ^ | 10-10-2012 | Sam Ro
    The Market Sell-Off Is Accelerating Sam RoOctober 10, 2012 The stock market sell-off is gaining steam. Last night, aluminum giant Alcoa and engine maker Cummins warned China was slowing more than expected. China's the second largest economy in the world and arguably the world's most important source of growth.
  • One Algorithm Made Up 4% Of All Trading Last Week, And No One Knows Where It Came From

    10/08/2012 2:26:11 PM PDT · by blam · 26 replies
    TBI ^ | 10-8-2012 | Linette Lopez
    One Algorithm Made Up 4% Of All Trading Last Week, And No One Knows Where It Came From Linette LopezOctober 8, 2012 No one knows where it came from, or what it was meant to do, but 4% of all trading in the U.S. stock market last week was executed by one algorithm, CNBC reports. Nanex, a market data firm, told CNBC that the algorithm was placing orders once every 25 milliseconds and then canceling them. The orders went out in bursts of 200, then 400, and then 1,000 orders. Then suddenly, around 10:30 AM on Friday, the algorithm stopped...
  • Doug Kass Isn't Impressed. He Plans On Shorting Stocks

    09/06/2012 1:51:32 PM PDT · by blam · 7 replies
    TBI ^ | 9-6-2012 | Rob Wile
    Doug Kass Isn't Impressed. He Plans On Shorting Stocks Rob WileSep. 6, 2012, 2:12 PM Doug Kass "I plan to sell/short this news for several basic reasons," writes Doug Kass, President of Seabreeze Partners. In a new note published on The Street, Kass writes that he's not very impressed by Mario Draghi's announcement that the ECB would begin unlimited bond-buying program. "Not only is Europe slipping more rapidly into a deeper recession but the implementation of serious and effective longer-term policy responses remains unlikely. Band-Aid policy measures of providing liquidity (which aids the transmission of monetary policy) remain the operative...
  • This Market Looks Like A Buying Panic

    09/06/2012 10:03:30 AM PDT · by blam · 28 replies
    TBI ^ | 9-6-2012 | Julia La Roche
    This Market Looks Like A Buying Panic Julia La RocheSep. 6, 2012, 11:51 AM Stocks surged Thursday morning, with the S&P 500 hitting its highest level since 2008, following a slew of good jobs reports and the European Central Bank press conference led by Mario Draghi. A trader, who prefers anonymity, offers a plausible explanation as to why the market might be rallying. "We've had some data, which superficially appears to show some strength. There are a lot of shorts built into this market heading into ECB and they have been forced to cover on the back of ECB putting...
  • STOCKS STAGE GINORMOUS RALLY: Here's What You Need To Know (+287 - QE-3?)

    06/06/2012 1:16:54 PM PDT · by blam · 17 replies
    TBI ^ | 6-6-2012 | Simone Foxman
    STOCKS STAGE GINORMOUS RALLY: Here's What You Need To Know Simone Foxman June 6, 2012Markets across the world staged a major rally today, and central banks are at the center of the chatter. But first, your scoreboard: Dow: 12,398; +271 pts S&P 500: 1,312; +27 pts NASDAQ: 2,841; +63 pts Now for the day's top stories: * Markets began rallying in the pre-market after WSJ's star Federal Reserve reporter John Hilsenrath wrote last night that euro woes, disappointing economic data, and strains in financial markets "have prompted a shift at the Federal Reserve, putting back on the table the possibility...