[su_spoiler title=”Monday-Wednesday’s Action: Economy Data Fails To Impress” style=”fancy”] Stocks opened higher on Monday but closed lower as the market paused to digest the big post-jobs rally. San Francisco Fed President John Williams, a voting member of the FOMC, said he believes Q1 economic weakness was an anomaly and that he is looking forward to…
[su_spoiler title=”Monday-Wednesday’s Action: Stocks Start Off Weak But Close Week Higher” style=”fancy”] U.S. stocks opened higher on Monday as investors continued to digest the latest round of economic and earnings data. Overseas, Japan’s Nikkei and UK’s FTSE stock markets were closed for holidays. Economic data was light – U.S. factory orders rose by 2.1% in…
[su_spoiler title=”Monday-Wednesday’s Action: Earnings Continue To Be Released” style=”fancy”] On Monday, stocks fell after a slew of biotechs got hammered. The benchmark S&P 500 hit a fresh record high on Monday but then turned lower which is not an ideal sign. The biotechs have been one of the strongest areas in the market over the…
[su_spoiler title=”Monday-Wednesday’s Action: Earnings Continue To Be Released” style=”fancy”] Stocks rallied sharply on Monday after China took more steps to stimulate their economy. Over the weekend, China’s Central Bank, The People’s Bank of China, lowered the reserve requirement ratio for banks to 18.5% from 19.5%. The 100 basis point cut was the largest move since…