Dow Pops Back Up After Friday's Fall
Williams Companies (WMB) Skyrockets 25%Williams Companies (WMB), an energy holding firm, made massive gains today on the rumor it was being bought out. The offer, which was made in aftermarket trading yesterday by competitor Energy Transfer Equity (ETE), was rejected over the course of the trading day.
Another Strong Day in the Health Services SectorThe health services sector has been the engine that drives the markets these past few months. The sector had another great day today, with major players posting big gains and only one real loss to speak of. Anthem (ANTM) and Cigna (CIG) both posted big gains, and got them under high-volume buying. Anthem rose 6 points to close at $171.04 per share, while Cigna was up over 7 points to $162.60. On the other hand, Humana (HUM) couldn't take away the same sort of support from the market today. Shares of the company fell by over 6%, or 12.37 points, to end the day at $189.94
Germany's DAX Up Nearly 4%Germany's DAX index had an excellent day today, as good news about the German economy spurred a round of buying. Markets there were up nearly 4% by the end of the trading day today. To put the gains in perspective, if the Dow had done as well as the DAX did, it would have risen by 720.64 points.
10-Year Yield Continues to Rise, Gold Prices StagnateGold prices have stayed relatively flat over the past week, while the 10-year yield has risen. Just today, the yield rose 0.09% while gold prices could only post a 0.04% gain. As the Fed gets closer to raising interest rates -- likely this fall -- you can expect to see this trend continue. People buy more T-bills than gold when they're convinced that the economy is recovering, so this could be one of the very few good signs regarding the economy to come about lately. Regardless of future trends, many people who were holding onto gold were forced to sell out of necessity during the worst of the economic collapse.
Published on Jun 22, 2015By Aaron Phillips