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
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
Wes Davis and I will now be making (hopefully) daily posts about the biggest influences on the markets that day (the biggest impact on the markets, not on the actual economy). Starting with yesterday, a day the Dow was down 327.49: (more…)
Categories: Business · Economics · Investing
Tagged: aig, bail out, berkshire hathaway, DJIA, Dow, Dow Jones, economy, hsbc, Investing, stock market, warren buffett
By Joe Chase of IndexBeating.com
The Dow Jones Industrial Average closed at 6,763.29 today, the first close below 7,000 for the first time since May 1st, 1997 and closed at its lowest close since April 27th, 1997. $10,000 invested in a Dow index fund at that point it would have grown to (more…)
Categories: Economics · Investing
Tagged: commodities, DJIA, Dow, Dow Jones, gold, Oil, stock market
By Joe Chase of IndexBeating.com
Over the past week or so I have had a poll on the sidebar asking readers when the Dow would hit 10,000 again. The results produced a nice bell curve, with the most votes going for what I think is the most likely scenario. Over 30% (more…)
Categories: Economics · Investing
Tagged: DJIA, Dow, Dow Jones, stock market
