Daily Market Commentary

The markets continued their downward trend, for the third day this week, even after a positive start to the trading session. No major news spurred this afternoon’s selloff, just continued economic concern. The Dow Jones lost 135 points, while the…

The market started the day trading slightly low or even flat, but slumped at the very end of the day after Fitch Ratings released a concerning report on the United States’ exposure to the European debt crisis. The Dow Jones slipped 190 points, and…

Holiday Season a Nice Gift for Wal-Mart The world’s largest retailer has been beleaguered by slumping sales since last year. But Wal-Mart (WMT) has seen same store sales trend positively over the last few months heading into the holiday shopping season. Their Black Friday – the busiest shopping day of the year – will actually
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Following a very volatile week which luckily managed to end with gains, the markets got off to a poor start this week. The major indices all posted slight losses, with the Dow dropping 75 points, and the Nasdaq losing 21, as the European financial…

American consumer confidence exceeded expectations, sending stocks up. Another major factor was the approval of Italy’s budget austerity plan by the Italian Senate, paving the way for the EU bailout. Italian bond yields fell by almost half a percen…

After yesterday’s worst trading day in about three months, the markets bounced back slightly today. The Dow Jones gained a little over 100 points, while the Nasdaq only managed to increase by three points. Concerns lessened regarding Europe’s fina…

The economic situation in Italy took a turn for the worse; as a spike in Italian bond yields caused panic here in the United States, prompting a significant dive in stock prices. Each major stock index fell over 3%, with the Dow Jones losing almos…

Stocks jumped today after longtime opponent of austerity measures, Italian Prime Minister Silvio Berlusconi, announced that he would be stepping down. The price on US Treasuries fell, signaling an increasing confidence in the economy on the part o…

UPS Projects Hiring 55,000 Workers – a 10% Increase – as Holiday Shipping Reaches Peak The bellwhether stock predicts 120 million packages to be delivered the week prior to Christmas – a 6% increase from 2010 – in what has proven to be the busiest time of year for shipping service companies. The proposed figures
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German Chancellor Angela Merkel told the press today that very few in the G20 signed on to the euro rescue plan, sending stocks down for the day. In more positive news, the US labor market added 80,000 jobs in October according to a recent report, …