S&P 500 and DOW: April 26th – April 30th, 2010
Last week the markets again gave no indication of a deeper correction and traded to new highs. Each flurry of selling has been met by buyers. The bears have barely seen more than two days of selling for several weeks now as the markets continue to move higher. Considering that this rally has gone [...]
DOW 11,000 ? – Friday, April 9, 2010
Recently market followers have been fixated on Dow 11,000 because many believe that as a psychological level it is significant. We have come within 12 or 13 points of 11,000 three times this week already, suggesting that the iconic stock index will cross that round number any day now. However, a strong day today, Friday, [...]
DOW Closes below 10,000: Monday, February 8, 2010
Stocks took a turn for the worse today, showing very little of the bullish resilience that characterized Friday’s afternoon rebound. In keeping with the recent trend, it was another dose of uncertainty that helped send stocks reeling. Traders are still considering the possible ramifications of near-crippling sovereign [...]
DOW Drops to 2010 Lowest Close
The stock market was hit hard by economic worries today. Dismal data overshadowed a strong earnings report from tech bellwether Cisco Systems (CSCO). Negativity began to sweep the Street prior to the opening bell, as Spain hiked its budget deficit forecasts through 2012, becoming the latest member of the euro zone to admit [...]
