• The stock market rose/fell last week, with the S&P 500 (SPX) up 14 points to 2670, an increase of 0.5%.
• With the Syrian bombing occurring over the previous weekend, the market last week shifted its focus from political news to the corporate earnings and interest rates.
• Our projection this week is for more downside price action in the stock....More>>>
U.S. equities rebounded from opening weakness on Tuesday as President Donald Trump’s “all options on the table” response was seen as relatively toothless amid an ongoing focus on the aftermath of Hurricane Harvey in the Houston area.
In the end, the Dow Jones Industrial Average gained 0.3%, the S&P 500 gained 0.1%, the Nasdaq Composite gained 0.3%, and the Russell 2000....More>>>
AP Photo/Richard Drew
A couple of weeks ago Sina, an online Chinese media company, reported earnings for the December quarter that were well ahead of Wall Street estimates (at the time) and also raised guidance going forward as well.
However, since its earnings, shares of Sina are down from $78.99 per share (closing price the day of earnings on Feb 22) to $69.23 per share this past....More>>>
U.S. equities are pushing higher on Thursday as investors celebrate the passage of the GOP’s tax reform bill, look ahead to the holiday-shortened week next week and take in all the positive end-of-year vibes.
The stock market is on the verge of posting the first “perfect year” ever with 12 consecutive monthly rises.
While a lot of good news has been priced into stocks....More>>>
President Trump is touting his new tax reform plan. While the details are not yet finalized, one thing is for certain: American taxpayers will get to keep more of their hard-earned money. And that’s a good thing.
But the real beneficiary of tax reform will be American corporations. You see, one of Donald Trump’s promises is to provide relief for corporations by way of a one-time....More>>>