Early trade is still choppy. That’s mostly owed to a lack of leadership this morning. Materials stocks had made a nice upward push in the opening minutes of trade, but the sector has since pulled back so that it is now...
Stocks recently made a modest push higher. The move has been particularly beneficial to consumer discretionay stocks, which are now up with a collective gain of 0.7%. Fossil (FOSL 102.74, +8.74) is especially strong following its latest quarterly report, which...
Stocks are sliding to their lowest levels of the morning. Overall losses still aren’t that large, though. The ISM Non-Manufacturing Index for April was just posted. It came in at 52.8, which is down from 57.3 in the prior month and...
Stocks have slipped a bit in recent trade. Although the Dow is still in positive territory with a narrow gain, both the Nasdaq and S&P 500 are at session lows with modest losses. The Chicago PMI for April was just posted....
The major equity averages are near the neutral line in the first few minutes of trade. Energy stocks have been a drag; they are down 0.5% following an earnings miss from heavyweight ConocoPhillips (COP 79.12, -2.09). However, better-than-expected quarterly results...
After weeks of strong signals that it was ready for a surge upwards, Gold finally broke through not only several levels of resistance, but the all-important psychological barrier of $1000 and has soared to a new all-time high of $1,042...
Written by OTCPicks.com Equity markets had a nice positive day on Monday as credit markets showed signs of thawing. A critical measure of lending between banks, the three-month Libor rate fell significantly providing signs that credit is again beginning to flow...
Written by OTCPicks.com Last Friday congress passed the $700B financial bailout bill and sent it to the President who summarily signed it. It seems that global markets did seem to think that the bailout would save us from a nasty global...
Written by OTCPicks.com With the economy on the brink and elections looming, Congress approved an unprecedented $700 billion government bailout of the battered financial industry on Friday and sent it to President Bush for his certain signature. The final vote was 263-171...
