By Joe Chase of IndexBeating.com
29 of 30 Dow Jones Industrial Average components notched their current 52-week highs more than 333 days ago. 28 reached their recent high point in September of 2008, JP Morgan hit it in early October, and Exxon Mobil hit its high point on December 16th of last year. 8 have their (more…)
Categories: Business · Economics · Investing
Tagged: Dow, dow components, Dow Jones, dow jones industrial average
After spending almost two months below 8,000 the Dow broke through to a whopping 8,002, fell back below 8,000 and then continued upwards to 8,030, its current level. I do not think the Dow will stay above 8k perminantly, but if it does for the next week or so (especially after the employment report tomorrow) it would certainly be a positive sign. The Dow spent the entire month of March under 8,000 and the last intraday high above 8,000 was on February 10th.
Categories: Index · Investing · Stock Market
Tagged: dia, DJIA, Dow, Dow Jones, dow jones industrial average, indices, Investing, stock market, stock market index
By Joe Chase of IndexBeating.com
Very low trading volume and news volume today. The markets attempted to continue their rally upon the market’s open, but started to drift lower after the first half hour of trading. An end of day rally did not hold and the Dow closed basically flat and the S&P was up 0.24%. The Dow emerged from the 6000s, breaking through to 7,015 after 5 entire trading days below. Financials continued their rally, XLF (Financial ETF) is up more than 20% in the last two days. (more…)
Categories: Business · Economics · Investing
Tagged: bloomberg, bond market, bonds, CDS, credit default swap, Dow, Dow Jones, eurex, Investing, merrill lynch, s&p, s&p 500, stock market, xlf
By Joe Chase and Wes Davis of IndexBeating.com
Two positive news items sparked a major rally in the equity markets today, implying that there has been an overreaction to the downside. Mostly due to low investor expectations and fears in the banks and overall economy, all of which have been dissuaded by Pandit and Rohm and Haas. The markets rose by 5.5% to 7% on very heavy volume. (more…)
Categories: Business · Economics · Investing
Tagged: analyst estimates, bank of america, berkshire hathaway, bernanke, C, citi, citigroup, dow chemical, Dow Jones, estimates, Federal Reserve, general electric, harley davidson, Investing, rohm and haas, s&p, s&p 500, stimulus, Stimulus Package, stock market, Unemployment, vikram pandit, warren buffett
By Joe Chase of IndexBeating.com
The market tried to buck the downward trend this morning, the Dow quickly rose 150 points, to 6,755, which would have been a 52wk low prior to Monday. We finally broke 6,500 to the downside today, and were down most of the day until the final half hour of trading. Markets ended basically flat for the day and down 6% (Dow & NASDAQ) to 7% (S&P) for the week. (more…)
Categories: Business · Economics · Investing
Tagged: bank of america, BLS, citigroup, depression, Dow Jones, F P/E, GE, GM, Great Depression, Investing, JP Morgan, market analysis, NASDAQ, recession, s&p 500, stock market, stock market analysis, Unemployment, US Bancorp, wells fargo
By Joe Chase and Wes Davis of IndexBeating.com
The Dow and S&P closed at new 12 year lows today, they were each down more than 4% today. Down 56+% from peak.
Categories: Business · Economics · Investing
Tagged: bank of england, bankruptcy, BOE, china, DJIA, Dow, Dow Jones, General Motors, GM, Investing, market movers, retail, s&p 500, standard & poor, stock market
By Joe Chase of IndexBeating.com
There was relatively low news volume today. Bargain hunters drove up the major indices following a rally in Asia and Europe. GE (more…)
Categories: Business · Economics · Investing
Tagged: ADP, BAC, BUffett, C, Dow Jones, employment, financials, GE, jpm, s&p 500, shanghai, stock market, Unemployment, WFC
