Dow Turns Positive (Just) At Last

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In a positive looking Monday all round on Wall Street, the Dow Jones Industrial Average finally turned the corner and climbed 165.22 points to 17,828.76 pushing it up for the year by 0.03%. It is not a lot, but it is heading in the right direction. Next best performance was the S&P 500 which rose […]

US Stocks Closed Best Month For Four Years Friday

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Stocks on Wall Street finished on Friday near lows for the session, but nonetheless closed October as the best month in four years. Having started the month at 16,278.62, the Dow Jones Industrial Average closed at 17,663.54 on Friday, showing a gain for the month of 8.5%. The S&P 500 was at 1,919.65 on October […]

Wall Street Marking Time Until Fed Announcement

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Apart from commodities, which have taken another hammering over the last few days, most of the rest of Wall Street seems to be marking time until the press conference after the meeting of the US Federal Reserve on Wednesday, and more results in the earnings season. It seems to be a bit up, then a […]

US Stocks Higher On ECB Intentions

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Stocks on Wall Street closed considerably higher on Thursday after the President of the European Central Bank, Mario Draghi, indicated that it may consider further quantitative easing in December. Interest rates were left unchanged. Talking to reporters, Draghi said: “Short-term inflation expectations have declined but more medium- to long-term inflation expectations, after some decline foll

Wall Street Closes Higher Friday, Ahead Of Earnings Season

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Wall Street made gains on Friday, as investors mulled over the minutes of the meeting of the FOMC on September 16th and 17th. The general consensus of opinion is that the Fed will hold off from an interest rate hike for the time being. October seems to be pretty much ruled out, with trading only […]

Stocks Rally On Wednesday, But Many Analysts Doubtful

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US stocks rallied on Wednesday to close around 1.5% higher, but nonetheless the third quarter was the worst since 2011. The Dow Jones Industrial Average closed up 1.47% to 16,284.70 and the S&P 500 was up 1.91% t0 1920.03. The Nasdaq Composite increased by 2.28% to 4,620.17. Doubts There were hopes that Wall Street had […]

US Stock Market Scores Third Weekly Loss This Month

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Stocks on Wall Street fell on Friday for the third week out of the last four, as a slump in healthcare shares wiped out gains earlier in the day. Shares in the sector began to fall on Monday, after presidential candidate Hillary Clinton vowed to stop “price gouging” in the industry. The sector finished the […]

Where Do Analysts See The S&P 500 In Three Months Time?

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The S&P 500 has had a bumpy ride over the last few weeks, see-sawing up and down with the rest of the market. Part of the problem is that it is tech-heavy, and 60% of US tech sales come from overseas. As a result of the slowdown in the economy in China and in emerging […]

Will A Chinese Stock Market Fall Threaten The Global Economy?

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The Chinese economy is the second largest in the world, and there is little doubt that it has hit the buffers. As for whether or not it will hit the global economy, it is necessary to take a history lesson. We have all heard the expression “history repeating itself”. Nothing could be more true. History […]

Stocks Drop As Fed Sits On The Fence

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Stocks on Wall Street fell on Friday, after the US Federal Reserve committee decided to leave interest rates unchanged. Chair Janet Yellen spoke of concerns about global growth as a major part of the committee’s reasoning at her press conference immediately afterwards. The Dow Jones Industrial Average fell 1.7% to 16,384.79, down by 0.3% on […]