4 August 2020
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Inside Markets

The latest rally on Wall Street hit a small roadblock with a rise in American Express credit card delinquencies and concerns over AIG paying bonuses creating a few concerns. The Dow Jones lost 7 points to 7,216. The Nasdaq lost 27 points or 2% to 1,404. The S&P 500 slipped 2 points to 753. Industrial […]

Inside Markets

Stocks went higher following Ben Bernanke surprising many by offering to buy back long-term US bonds which adds liquidity to the system and reduce interest rates. The Fed will also buy mortgage-backed assets from the banks, which will also bring rates down and give banks money to lend. The Dow Jones added 91 points, or […]

Inside Markets

Wall St put in a down day with banks copping the impact of profit takers after the S&P 500 had gained 17% in seven days. The big question is: can the market pause and resume the march up or will old lows be tested in coming weeks? Interestingly, the recent run of economic data has […]

Inside Markets

This will be a testing week for this rally, which has seen the market indices put on back-to-back weekly rises. This is significant as it’s the first time this has happened since May 2008! That said, Wall Street did put in a negative day before the weekend. The Dow Jones lost 122 points or 1.65% […]

Inside Markets

The Geithner plan to deal with the bank’s toxic assets won the market over and share prices headed in the right direction. And while the plan will get debated over the next few days, the general thrust excited the market because it gave more certainty. The Dow was up 497.48 points of 6.84% to 7775.86. […]

Inside Markets

US stocks finished the day lower on Tuesday as investors took profits from Monday's massive rally. The Dow Jones dropped 115.65 points or 1.5% to close at 7,660.21. The Nasdaq lost a big 2.5% to finish at 1518.2. The S&P 500 shed 16.9 points or 2% to 806. The big sell-off was led by bank […]

Inside Markets

Stocks in the US finished higher on Wednesday after a late surge in trading took all three indexes into positive territory. The Dow Jones Industrial Average rose 90 points or 1.2%, to 7,749.81. The Nasdaq gained 45.85 points or 0.8%, to 45.85. The S&P 500 added 7.63 points to 813.88. The S&P 500 has gained […]

Inside Markets

Wall Street put on another solid day to give the bulls a lot of heart and put the frighteners on the bears and short sellers. A better than expected market reaction to a seven-year Treasury bond issue and some better than expected corporate earnings kept it all positive. The Dow Jones was up 174 points […]

Inside Markets

 It was a positive week for the stock market but the Yanks still finished off their week in a downbeat way. It’s not surprising given the recent rises and, in fact, a bit of moderation could be a good thing. However, over the next few weeks these recent rises will be tested to see if […]

Inside Markets

The testing of the three-week rally is now on with the Obama Administration pushing the boss of GM to resign. Also some remarks from Tim Geithner about more money for banks added to the spooking of the market. The Dow Jones lost 254 points or 3.2% to 7,522.   The Nasdaq dropped 43 points or […]

Good News Daily

There were 75,441 cars sold during May, which was 15% down on a year ago. Economist Craig James says while that looks like a big drop, it’s up on April when sales were down 24%. Private car purchases remain quiet, but sales to businesses have been increasing, and this is due to government grants to […]

Inside Markets

There were mixed results on the US markets with technology shares bringing the S&P 500 and Nasdaq to stronger closes with some positive broker comments about Microsoft. The Dow fell 0.19% or 15.87 points to 8539.73.  The Nasdaq put on 1.09% or 19.75 points to 1827.47. The S&P 500 was up 0.31% or 2.86 points […]

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