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 [...]

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, [...]

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 [...]

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 [...]