Sep 29 2003

Stocks stumbled last week…

By |2003-09-29T12:49:01-05:00September 29th, 2003|

THE MARKETS Against a backdrop of mixed economic reports, stocks stumbled last week as all of the major averages took it on the chin. The Dow Jones Industrial Average, which was down five of the past six trading days, lost 1.57% on Wednesday, its sharpest percentage decline in seven weeks. Gold prices approached $400 an [...]

Sep 22 2003

The market got back on track…

By |2003-09-22T12:50:46-05:00September 22nd, 2003|

THE MARKETS The market got back on track last week as the majority of the major averages posted new recovery highs. Of the eight indexes that we track, only the AMEX and the Dow Jones Utility Index failed to score new highs. The Dow Jones Industrial Average, which recorded two 100-point gains during the week, [...]

Sep 15 2003

Stocks mildly lower…

By |2003-09-15T12:52:15-05:00September 15th, 2003|

THE MARKETS A slew of negative events including disclosure of the New York Stock Exchange chairman’s outrageous compensation package, memories of 9/11, favorable treatment for mutual fund “timers”, and a less than stellar August retail sales report sent stocks mildly lower last week. The Dow Jones Industrial Average snapped its five week win streak as [...]

Sep 8 2003

History may have to be rewritten…

By |2003-09-08T12:53:43-05:00September 8th, 2003|

THE MARKETS Stock market historians are quick to point out that September is the weakest performing month of the year. If last week’s action is an indication of what lies ahead, history may have to be rewritten. Both the Dow Jones Industrial Average and the NASDAQ came out of the shoot following the Labor Day [...]

Aug 25 2003

The Dow and the NASDAQ broke out to the upside of their recent trading ranges…

By |2003-08-25T12:55:14-05:00August 25th, 2003|

THE MARKETS Sparked by an increased revenue forecast by Intel for the current quarter, both the Dow Jones Industrial Average and the NASDAQ broke out to the upside of their recent trading ranges. Strong economic data, such as the jobless claims falling to their lowest level in six months, also contributed to pushing the averages [...]

Aug 18 2003

The 10-year Treasury note sank…

By |2003-08-18T12:56:48-05:00August 18th, 2003|

THE MARKETS The 10-year Treasury note sank to a 52-week week during the week and though the Dow Jones Industrial Average managed a gain, it remained locked in a tight trading range. The NASDAQ managed to climb back above its 50-day moving average (1679.92) by the end of the week to join the Dow near [...]

Aug 11 2003

The Dow managed to rally…

By |2003-08-11T12:58:17-05:00August 11th, 2003|

THE MARKETS Concerns over interest rates continued to keep a lid on blue chips last week while tech stocks sold off. The Dow Jones Industrial Average, which lost 150 points on Tuesday managed to rally for the remainder of the week and finished in the plus column. It was a different story over at the [...]

Aug 4 2003

Stocks lost some ground last week…

By |2003-08-04T12:59:58-05:00August 4th, 2003|

THE MARKETS In the face of rising interest rates, stocks lost some ground last week as the Dow Jones Industrial Average finished in the negative column for the first time since late June 2003. On Thursday, the Dow hit a high of 9361.40, a level not seen since July 8, 2002. But an ensuing selloff [...]

Jul 28 2003

The Dow Jones Industrial Average remained locked…

By |2003-07-28T13:01:21-05:00July 28th, 2003|

THE MARKETS The Dow Jones Industrial Average remained locked in a 186 point trading range last week as closing values fluctuated between 9096 and 9284. On Thursday, the Dow flirted with the June high as it topped 9280 early on before it reversed course giving up 81.73 points to close at 9106.42. For the period, [...]

Jul 21 2003

Stocks were mixed last week…

By |2003-07-21T10:51:39-05:00July 21st, 2003|

THE MARKETS Stocks were mixed last week as all eyes were on the Treasury market, which had the worst weekly showing since March. Second quarter earnings reports were also mixed, as technology and telecommunication stocks such as IBM and Nokia were weak while Old Economy issues such as Caterpillar, Coca Cola and United Technologies showed [...]

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