THE MARKETS Despite a fresh round of weak economic data and analyst’s downgrades on GE and Intel the Dow Jones Industrial Average managed to extend its win streak to six-weeks in a row. Volatility was the name of the game as the Dow lost 171 points on Monday and then gained 144 points on Thursday. [...]

THE MARKETS A wave of Republican victories and a 1/2-point interest rate cut on Wednesday drove the market higher for a fifth straight week. However, the rally ran out of steam late in the week as renewed concerns over a war with Iraq intensified. Since the October 10th lows the Dow Jones Industrial Average, S&P [...]

THE MARKETS The market extended its winning streak to four weeks in a row as it closed the month of October with the largest one-month percentage gain (10.6%) since January 1987. After consolidating for most of the week, both the Dow Jones Industrial Average and the NASDAQ put in a strong performance on Friday, resulting [...]

THE MARKETS Following a 215-point gain on Monday, the Dow ran out of gas as it gave back all of the gains by the close on Thursday. But the party wasn’t over as a late 100 plus point spurt on Friday extended the rally to its third straight week. For the week, the Dow Jones [...]

THE MARKETS Favorable earnings reports from several Dow components sent the averages higher for the second week in a row. The action was fast and furious as the Dow Jones Industrial Average gained over 1000 points (+14.2%) over a seven trading-day stretch. For the week the Dow gained 472 points (+6.0%) and ended another volatile [...]

THE MARKETS A late week rally which saw the Dow Jones Industrial Average gain 564 points in two days snapped a six-week losing streak. After setting five-year lows on Wednesday, the Dow and NASDAQ surged on Thursday and Friday wiping out all of the losses recorded during the previous two weeks. For the week the [...]

THE MARKETS The market extended its losing streak to six weeks in a row as both the DJIA and NASDAQ recorded four-year lows during a volatile week of trading. Increasing concerns over the effects of war coupled with a steady stream of earnings warnings kept buyers on the sidelines. The Dow Jones Industrial Average, which [...]

THE MARKETS Another roller coaster week saw stocks finish in negative ground for the fifth week in a row. The Dow Jones Industrial Average fell below its July low on Wednesday as it closed at 7683.13. This marked the lowest level for the Dow since October 1st, 1998. The NASDAQ, which closed below its July [...]

THE MARKETS A deluge of bad corporate and economic news sent stocks reeling as both the Dow Jones Industrial Average and the NASDAQ ended the week in negative territory. The Dow (which was down on four of the five trading days) closed below 8000 on both Thursday and Friday. This marked the first time that [...]

THE MARKETS With the memory of 9/11 in the background, traders shifted their attention last week to the possibility of a war with Iraq. On Wednesday the Dow Jones Industrial Average soared above its 50-day moving average, 8613, as the high for the day touched 8726. Closing above this average would have been a positive [...]