How Did the Stock Market Do Today? Dow Jones: 15,914.74; -99.64; -0.62% S&P 500: 1,851.86; -0.35; -0.02% Nasdaq: 4,283.59; +14.83; +0.35% The Dow Jones Industrial Average today (Wednesday) fell 99 points as markets reacted to U.S. Federal Reserve Chairwoman Janet Yellen’s testimony before Congress on the health
February 10, 2016
Meanderings about a zombie economy… that’s what dominated the questioning around Chair Yellen’s first-phase of 2-day testimony; including whether implementing a NIRP (Negative Interest Rate Policy) is questionable based on legalities. That’s not what they should focus on; rather the implications
Amid the oil drop that has plagued the energy industry since the summer of 2014, Exxon Mobil Corporation (NYSE:XOM) has remained the strongest contender. The company has fallen more than 20% since oil prices began to slide, but this pales in comparison
Twitter Inc. (TWTR – Analyst Report) released their fourth quarter fiscal 2015 earnings results, posting earnings of $-0.07 and revenue of $710 million. Currently, TWTR has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest
Saxo Bank CIO and chief economist Steen Jakobsen phrased Fed Chair Janet Yellen’s testimony before Congress this way: “The politicians were rude and pretty much clueless … and Yellen often looked like a deer in headlights. Her performance today is
Have we reached a tradeable bottom in the biotech bear market? Today’s tape showed good volume but gains faded late in session. Nasdaq up 0.35% XLV up 0.88%-healthcare is the leading sector The biotech market bounced back early today in a broad rally then
The front month WTI futures contract traded as low as $27.27 this morning, a few dimes less than the low of January 20. Just three months out, however, the June 2016 contract is trading at $33.17 and up $0.43 on
When the economy was melting down in 2008, I was doing my part to keep things going. You see, I was one of the “suckers” who were actually paying their mortgages every month. So whoever bought a derivative that included
Zynga Inc. (ZNGA – Snapshot Report) released their fourth quarter fiscal 2015 earnings results, posting earnings of $-0.02 and revenue of $182.1 million. Currently, ZNGA has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s
EURUSD: Having taken back all of its intra day losses to close flat on Wednesday and following through higher during Thursday trading session , EURUSD faces further bullish offensive short term. Support lies at the 1.1250 level. Further down, support
