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Category Archives: Daily Advantage
The Bank of Japan gave global markets a big treat this Halloween by expanding its stimulus program. The move sent the Nikkei up almost 5% and U.S. markets to record highs. The Dow gained 195 points, with 26 of its … Continue reading
Stocks gained today on upbeat economic news, including a stronger-than-expected GDP reading and data showing jobless claims remaining at a record low. The Dow advanced 221 points, with 25 of its 30 components advancing; the S&P 500 Index rose 12 … Continue reading
The third round of quantitative easing, or QE3, ended as expected today after the Federal Open Market Committee announced it would end asset purchases at the end of October. The markets, which had been trading lower before the announcement, took … Continue reading
Stocks gained on upbeat reports on corporate earnings and consumer confidence. Meanwhile, investors are watching for a Federal Reserve statement, due tomorrow, that many expect will signal an end date for the central bank’s bond-buying program. The Dow rose 187 … Continue reading
Stocks were flat after last week’s strong rally, taking a wait-and-see approach ahead of the Federal Open Market Committee meeting on Wednesday when the Fed is expected to fully wind down its asset-purchase program. The Dow managed a 12-point gain, … Continue reading
Stronger-than-expected housing data and positive earnings reports helped propel the equity markets higher on Friday. The Dow closed higher by 127 points, with 27 of its 30 components advancing; the S&P 500 Index climbed 13; and the Nasdaq gained 30. … Continue reading
Stocks rallied on upbeat earnings, led by blue chips Caterpillar and 3M, as well as several U.S. airlines that advanced on strong profits and lower fuel prices. The Dow rose 216 points, with 26 of its 30 components advancing; the … Continue reading
Consumer inflation stayed tame in September, while shares of several big companies—like Boeing and Biogen—sold off despite releasing earnings reports that, for the most part, beat expectations. The major indexes started modestly higher but reversed course in afternoon trading, with … Continue reading
Stocks rallied on Apple’s positive earnings, as well as encouraging home sales data and reports that the European Central Bank is considering buying corporate bonds to stimulate regional growth. The Dow climbed 215 points, with 27 of its 30 components … Continue reading
Stocks were generally positive on a light news day. The biggest news was IBM’s significant miss on third-quarter earnings and revenue, which almost single-handedly drove the Dow into the red despite more upbeat results for the S&P 500 Index and … Continue reading