News from the world’s financial markets by stock market expert Marcus Padley.
The market is up 32. SFE Futures were up 24 this morning. Dow Jones was up 100. The Dow was up 109 at best breaking its three day losing streak. President Barack Obama and Republican speaker John Boehner have met for further talks on the fiscal cliff with the market rallying 60 points in the […]
The market is down 10. SFE Futures were down 10 this morning. Dow Jones was down 36. The Dow was down 51 at worst and up 21 at best. US markets were all down on Friday on mixed economic data. CPI and Manufacturing sales numbers came in below expectations but the Industrial Production reading was […]
The market is flat. SFE Futures were down 7 this morning. Dow Jones was down 75. US markets continued yesterday’s trend and sold off on mixed economic data and further fiscal negotiation concerns. US Retail Sales were up 0.3% in November, below the forecast for a 0.5% gain and Producer Prices were down 0.8% in […]
The market is unchanged. SFE Futures were up 3 this morning. Dow Jones was down 3 losing 69 points in the last 2 hours. The Dow was up 81 at best and down 21 at worst. Another round of quantitative easing (QE4) was announced at the December FOMC meeting but failed to generate much interest […]
The market is up 14. SFE Futures were up 16 this morning. Dow Jones was up 79. The Dow was up 137 at best as it posted gains for its fifth consecutive day on better than expected economic data out of Germany but then lost ground towards the end of the session on “fiscal cliff” […]
Dow Jones was up 15. The Dow was up 40 at best and down 16 at worst (narrow range — quiet session) as it posted gains for its fourth consecutive day. There was no economic data released. Wall St reacted more to the news that Italian Prime Minister Mario Monti was stepping down from the […]
Dow Jones was up 81. The Dow was up 83 at best on Friday and was up 130 points for the week (0.99%). The Dow closed near its highs of the session as non-farm payrolls came in at 146.000 which was better than the consensus forecast of 93,000 and the US unemployment rate fell to […]
The Dow was up 42 at best and down 27 at worst with jobless claims a bit better than expected and no major news on US fiscal cliff negotiations.
President Obama continued to call for US$1.6 trillion in higher taxes (to be implemented in two stages), while the Republicans have put a $2.2 trillion plan to the Democrats but are demanding that all the tax cuts enacted in 2001 and 2003 remain in place for another year.
The market is up 26. SFE Futures were up 12 this morning. Dow Jones was up 4. The Dow was up 32 at best and down 33 at worst. US markets made only minor movements in Friday’s session taking the index to +16 points for the week. US personal income and spending came in came […]
