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Category Archives: Daily Advantage
Stocks continued yesterday’s rally, boosted by stronger-than-expected GDP data, rallies in Asia and Europe, and the New York Fed president’s comments that the basis for a September rate hike has become “less compelling” amidst global market volatility. The Dow jumped … Continue reading
After losing some momentum when the European markets closed, the markets surged through the close and broke a brutal six-day losing streak. Additional stimulus from the Chinese central bank, a surprisingly strong durable goods report, and a concession from the … Continue reading
For most of the session, stocks recovered much of the ground they lost yesterday, rallying after the Chinese government cut interest rates and bank reserve requirements. The moves weren’t enough to stave off another steep drop of Chinese equities, but … Continue reading
You know it’s going to be a volatile session when news organizations begin the day by explaining how market circuit breakers work. The declines started in Asian markets, spread to European ones, with the Stoxx Europe 600 sinking 5.33%, and … Continue reading
The Dow and the Nasdaq entered correction territory on worries over slowing growth around the world, with information technology, health care, and energy stocks leading the declines. The Dow plummeted 530 points, with all 30 of its components in the … Continue reading
A momentary surge pushed stocks higher after the accidental early release of the Federal Open Market Committee’s latest minutes, but stocks soon resumed their downward direction to close solidly lower. The Dow lost 162 points, with 27 of its 30 … Continue reading
Stocks declined as new data showing U.S. housing market gains was overshadowed by more sharp declines for Chinese stocks and Dow component Wal-Mart’s lowered full-year guidance. The Dow fell 33 points, with 17 of its 30 components retreating; the S&P … Continue reading
Jittery markets started the session with big declines after a drop in Japan’s gross domestic product and a report showing manufacturing contraction in the New York region. Stocks bounced back in mid-morning trading. The Dow gained 67 points, with 23 … Continue reading