25 September 2020
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Inside Markets

March winded up in America as the best month on the stock market in six years, but the quarter was another down and negative experience. For those who like numbers, the Dow put on close to 8%, the S&P 500 rose 11% and so did the Nasdaq. To the latest closes and the two-day losing […]

Inside Markets

US stocks returned to the positive on Wednesday on the back of better-than-expected readings on housing and manufacturing. The Dow Jones rose 153 points, or 2%, to 7761.6.   The Nasdaq added 23 points, or 1.5%.   The S&P 500 index gained 13 points, or 1.7%, to 811.08   Early trading saw stocks fall after […]

Inside Markets

A change to mark-to-market rules which permit toxic assets to be valued more sympathetically, more better-than-expected economic news along with good noises out of the G20 meeting in London, all helped the market. There’s now more support for this rally being for real, however there will be a potentially scary jobs report out tomorrow and […]

Inside Markets

The test of the rally has begun and the guidance from the next few weeks of US corporate earnings reports will answer the question: Has this been a bear market rally? There has to be profit-takers who will lead the market down and could lead the charge to buy if the guidance comes in more […]

Inside Markets

There was a nice rise on Wall Street despite the US central bank warning that unemployment won’t peak until 2010. This knocked out early gains, but again the bulls prevailed over the bears, which is a good sign. The Dow Jones went up 47 points or 0.6% to 7,837.   The Nasdaq spiked up 29 […]

Inside Markets

The good news is coming thick and fast erasing most of the losses on US markets for the first day of the trading week. The Yanks closed up over 3% before the Easter break on great news out of Wells Fargo and this was reinforced by Goldman Sachs reporting better than expected early this morning […]

Inside Markets

Retail sales came in negative and below expectations and that gave the market a reason to sell off. Weakness in financials did not help and this means the Dow Jones Index has dropped in four of the last six sessions. The Dow lost 137 points or 1.7% to 7,920.   The Nasdaq dropped 27 points […]

Inside Markets

Better than expected recession news helped Wall Street to a positive finish. In fact, the market finished on the highs of the day. The Dow Jones was up 109 points or 1.4% to 8,029.   The Nasdaq went up 1 point to 1,626.   The S&P 500 added 10 points or 1.24% to 851. On […]

Inside Markets

Another great day on Wall Street, which will help the local market today, after the close news Google reported better than expected. Also some improving economic news helped the bulls. The Dow was up 95 points or 1.2% to 8,125.   The Nasdaq went up 43 points or 2.7% to 1,670.   The S&P 500 […]

Inside Markets

Wall Street toasted six weeks of heading in the right direction, but some analysts think the rally has to be tested by profit-takers and short-selling bears. Increasingly, however, there are those who say this rally could be sustained for a month or two. By the way, this week’s corporate reports in the USA are a […]

Inside Markets

Now comes the tricky bit — will the six-week rally totally unwind? Will the S&P 500 plumb the depths below its March low of 666? In a nutshell, I suspect we won’t because the economic data is improving and the guidance from both IBM and Texas Instruments raised hopes that a second-half US recovery will […]

Inside Markets

We got proof that lots of investors believe in the rally, and many are predisposed to buying the dips, but the rally on Wall Street was driven by good news for banks. The US Treasury Secretary Tim Geithner told US politicians that most of the banks are well capitalised and that was well-received by the […]

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