Top 5 Reasons Today’s Markets Were Up
Markets closed higher on Wall Street: DJI +1.06% SP500 +1.11% Nasdaq +1.3% Gold +0.06% The markets were up today because: BHP Billiton Ltd. (BHP) made an unsolicited $38.6 billion bid for the world’s...
View ArticleTop 3 Reasons Today’s Markets Were Down
Markets closed down on Wall Street: DJI -0.71% SP500 -0.73% Nasdaq -1.07% Gold –0.15% The markets were down because: Traders are closing positions ahead of tomorrow’s GDP data. After a week of bad...
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Your Ultimate Cheat Sheet to GDP
Quantifying all the money being moved around the economy is difficult. It requires understanding the will of households, firms, governments, and foreign markets. To pull off such a trick, we’d need...
View ArticleTop 3 Reasons Today’s Markets Were Up Big
Markets closed up on Wall Street: DJI +0.78% SP500 +1.11% Nasdaq +1.93% Gold –0.06% The markets were up because: China (FXI) released very bullish economic data. A lot of traders shifted positions...
View ArticleTop 3 Reasons Markets Were Down Despite Debt Deal
Markets closed down on Wall Street today: Dow -2.19%, S&P -2.56%, Nasdaq -2.75%, Oil -1.73%, Gold +2.34%. On the commodities front, Oil (NYSE:USO) fell to $93.25, while precious metals gained, with...
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Manufacturing Sector to Economy: It’s Getting Better
Total new orders for manufactured goods increased 4.2 percent on the month in June to $244.5 billion, according to an advance report from the U.S. Census Bureau. This follows and upwardly revised...
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Fed: The U.S. Economy Is Still Not Ready for Tapering
Source: http://www.flickr.com/photos/zieak/ As expected, the U.S. Federal Reserve did not decide to taper asset purchases during a two-day policy meeting, which concluded on Wednesday. The Fed will...
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Improved Economic Data But Gloomy Spending Forecasts — What Gives?
Early in November, as the holiday season drew near, retailers’ excitement for the lucrative shopping period could only be stifled by one reality: Holiday sales were only expected to advance 2.4...
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Surprise Inventory Builds Outpace Sales: Will Q4 Production Slow?
Source: http://www.flickr.com/photos/teegardin/ Total business sales — the combined dollar value of trade sales and manufacturers’ shipments — increased a seasonally adjusted 0.5 percent to $1.3...
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Jobless Claims Are Dropping, But How Strong Is Hiring?
“When you look at the labor market, job destruction has been very, very low,” Raymond James chief economist Scott Brown told Bloomberg Businessweek ahead of Thursday’s jobless claims report. That is...
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