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Category Archives: Daily Advantage
Without any economic data for direction, the markets traded near their breakeven points throughout much of the day. The Dow rose 26 points, with 18 of its 30 components advancing; the S&P 500 Index gained 9; and the Nasdaq was … Continue reading
Stocks staged a major rally on Wednesday, buoyed by the Fed’s reassurance that it won’t rush to raise interest rates. The Dow led the day with a 421-point jump, with all 30 components advancing; the S&P 500 Index gained 48 … Continue reading
A good day for stocks got even better after the Federal Open Market Committee released its latest statement, which indicated it would be patient with interest rates. The Russian ruble stayed depressed but regained some of the ground it had … Continue reading
Stocks were poised to pare early-day losses but fell again shortly before the closing bell sounded. Today’s session began with oil prices and Russia’s currency dropping to record lows. While oil staged a recovery by the day’s end, Russia’s future … Continue reading
Following one of the worst weeks for stocks in years, sinking oil prices continued to exert a downward drag on the markets. Industrial production was unexpectedly strong in November, but weakness began to crop up in the New York region. … Continue reading
The International Energy Agency revised its 2015 forecast and said that global oil demand will be lower than previously expected. The announcement increased investors’ concerns about the global economy and sent markets sharply lower. The Dow lost 315 points, with … Continue reading
Fueled by strong retail sales data, stocks bounced back from yesterday’s sell-off but ended the day with pared gains, thanks to slumping oil prices. The Dow rose 63 points, with 24 of its 30 components advancing; the S&P 500 Index … Continue reading
Another bad day for oil rattled the markets, as concerns grew that forecasts of sagging energy demand could signal a broader economic slowdown. Every S&P 500 sector fell on the day, but energy was the weakest, down 3.08%. The Dow … Continue reading
Reports on new economic reforms in China and political tension in Greece caused steep losses. However, stocks pared early losses and ended the day in mixed territory. The Dow fell 51 points, with 22 of its 30 components retreating; the … Continue reading