U.S. Markets closed
  • Tony Blair: The same 'surge of discontent' led to Trump's election, Brexit

    Tony Blair talks about how alienation led to both Brexit and the election of Donald Trump

    Read More »
  • Apple Falls Below Key Level In Heavy Volume, But Is It A Sell Signal Or No?
    Business
    Investor's Business Daily7 hours ago

    Apple Falls Below Key Level In Heavy Volume, But Is It A Sell Signal Or No?

    Apple (AAPL) is falling nearly 2% in heavy volume, breaking below a significant technical level. With the breach of the 50-day line, that also puts Apple below a prior buy point at 156.75. But the key question here: Does Apple's action result in a sell signal? The short answer is that it depends on how the stock closes today, and whether you're a long-term or short-term shareholder. Apple was down 1.9% to 155.67 in afternoon trading in the stock market today, tumbling as low as 153.83 on Apple Watch connectivity concerns. Volume is more than double normal levels. If Apple closes below the 50-day, it could be seen as a sell signal for those that bought the stock at the 156.75 entry. But we need

  • The Fed Doubles Down: Reverses QE, Keeps Hawkish Tilt
    Business
    Investor's Business Daily7 hours ago

    The Fed Doubles Down: Reverses QE, Keeps Hawkish Tilt

    The Federal Reserve took a small step to begin unwinding its crisis-driven asset purchases on Wednesday, but since the move was widely expected, the meeting's real drama hinged on the outlook for future rate hikes. Despite a string of benign inflation readings, Fed policymakers stuck to their guns, indicating a likelihood of four more rate hikes through the end of 2018. The updated outlook reflects a stark contrast with financial-market pricing, which sees just one rate hike (in December) through August 2018, according to the CME Group FedWatch tool. Starting in October, the Fed said it will gradually begin scaling back its $4.5 trillion balance sheet by letting $10 billion in principal run off per month, rather than continuing to reinvest all proceeds of maturing Treasury and mortgage bonds.

  • Stocks Follow Apple Post-Fed; Big-Dividend Tech In Buy Range?
    Business
    Investor's Business Daily9 hours ago

    Stocks Follow Apple Post-Fed; Big-Dividend Tech In Buy Range?

    Key U.S. index funds were lower Wednesday after the Fed held rates steady, as expected, and said it would start trimming its balance sheet by October. XAutoplay: On | OffPowerShares QQQ Trust (QQQ) sank 1%, SPDR S&P 500 (SPY) fell 0.4% and SPDR Dow Jones Industrial Average (DIA) gave up 0.2%. Apple (AAPL) weighed with a 2% drop, which put the iPhone maker back below a 156.75 buy point as it breached its 50-day moving average. Oil funds led the upside as West Texas intermediate crude prices surged 2% to $50.43 a barrel. SPDR S&P Oil & Gas Exploration & Production (XOP) rose 2% and VanEck Vectors Oil Services (OIH) added 1.4%. United States Oil (USO) and PowerShares DB Oil (DBO) rose nearly 1%