THE MARKETS As the “wave of steel” rumbled towards Baghdad, the bulls celebrated with a blistering eight-day rally. Prospects of a quick end to the war, falling oil prices and a stronger dollar all contributed to the rally that has carried the Dow Jones Industrial Average up over 12% since it bottomed last a week [...]
THE MARKETS The bulls took over late in the week triggering a massive short squeeze that saw the Dow Jones Industrial Average post its best performance in five months. Thursday’s 269.68 point gain (+3.6%) was the largest point and percentage move since October 15, 2002. On a percentage basis, the NASDAQ jumped even higher as [...]
THE MARKETS Once again the market was on hold last week as investors focused on the Iraq standoff. Although rumors about Bin Laden’s capture occasionally woke up the bulls, the market was on a steady decline. On Thursday, the Dow closed at its lowest level in five months. The major averages now look poised to [...]
THE MARKETS The markets continued to be held hostage by the latest war news last week as the Dow Jones Industrial Average and NASDAQ closed the month on a negative note. February’s decline marked the third consecutive month that the Dow finished in the red. For the week, the Dow lost 127 points (-1.58%) and [...]
THE MARKETS Tough talk pushed stocks down to October levels as Wall Street braced for a war with Iraq. Friday saw the Dow close at 7864, the lowest close for the Dow since October 14, 2002 when the index settled at 7877.50. For the week, the Dow Jones Industrial Average lost 189 points (-2.35%) and [...]
THE MARKETS The gains for the New Year were wiped out as the Dow Jones Industrial Average went into a tailspin after topping out at 8842.62 on January 14th. The ensuing seven trading days saw the Dow finish lower on six occasions while losing over 700 points. On Friday the Dow dropped below 8200 for [...]
THE MARKETS Fears of a war with Iraq, a sagging dollar, and weak economic data set the stage for Friday’s 111-point pullback. This drop in the market took the Dow back below its 50-day simple moving average as both the Dow Jones Industrial Average and NASDAQ recorded their lowest closes of 2003. For the week, [...]
THE MARKETS Fueled by prospects of the President’s economic-stimulus package, stocks produced the best three-day start to a new year ever as the Dow Jones Industrial Average registered a 5.18% gain. Volatility returned to the markets as three of the five trading days saw triple-digit moves for the Dow. For the week, the Dow gained [...]
THE MARKETS The New Year started with a “bang” as buyers put aside geopolitical worries and piled into the market. On Thursday, the Dow Jones Industrial Average gained 265.89 points (+3.2%) for one of the biggest opening days on record. Although volume was moderate, the advance was broad based as the New York Stock Exchange [...]
THE MARKETS Weak retail sales coupled with mounting war concerns sent stocks lower last week as both the Dow Jones Industrial Average and the NASDAQ finished in the minus column. As the year nears an end the Dow is positioned to record a loss for the third year in a row. For the week, the [...]
