NYSE COMPOSITE (DJ) (^NYA)
NYSE - NYSE Delayed Price. Currency in USD
|Day's Range||10,710.05 - 10,869.47|
|52wk Range||8,937.99 - 10,892.15|
|Avg Vol (3m)||3,604,439,682|
The stock market moved sideways for most of last week with the heaviest selling on Wednesday. Finally on Friday we got Janet Yellen's long awaited comments from Jackson Hole where she said "the case for raising rates has strengthened in recent months." This did little to change the already low expectations for a rate hike in September but then Fed Vice Chairman Stanley Fischer hinted on CNBC that a rate hike was still possible next month. The S&P futures reversed course on his comments as the futures dropped 20 points. This increases the focus on the September 20-21 FOMC meeting which ...
- Forbes•8 days ago
The stock market recorded nice gains on Monday but then returned to its narrow trading range since it has not had a 1% move either up or down for the past month. The Spyder Trust (SPY) has been grinding higher as it is up 1.3% during the period. Even though the broad market gains have not been impressive the attitude of many professionals, as expected, has become a bit more positive. At the end of February I discussed why investors should not avoid stocks because of their fears over China, weak crude oil prices, earnings or a weak economy. It was also important that with the close on February 27th ...
- Forbes•15 days ago
he stock market spent most of the week consolidating its gains after the sharp rally in reaction to the July jobs report. Thursday's sharply higher close and very positive A/D numbers suggests that stocks are likely ready for another push to the upside as the S&P 500 challenges the 2200 level. The new high in the major averages and leading action of the advance/decline lines has still not convinced everyone as Goldman Sachs advised their clients on August 1st to "avoid all stocks for the next three months". They are also sticking with their yearend target for the S&P 500 at 2100 which ...