The story of the day was none other than AAPL producing fabulous earnings. On the negative side durable goods orders was much lower than expected, but failed to derail the euphoria surrounding AAPL’s earnings. The stock comprises 17% of the NASDAQ 100 and a nearly 9% move helped the NASDAQ finish higher by more than [...]
AAPL Boosts the Market as the Federal Reserve Announces Rate Policy
Posted on April 25, 2012 // Leave a Comment
Stocks End On a Sour Note Notch Another Day of Distribution
Posted on July 26, 2011 // Leave a Comment
Once again the Debt Ceiling debate continued to dominate the headlines despite earnings season. The lack of ability for Washington DC to come together continues to strike fear amongst market participants. Institutions stepped up their game today selling stock on the New York Stock Exchange, but the NASDAQ thanks to the Big Cap Technology stocks [...]
Something Doesn’t Feel Right but Stocks Close Higher on Increased Trade
Posted on July 21, 2011 // Leave a Comment
Financial stocks lead the market higher despite the pitiful performance from many leading stocks. Jobless claims jumped week over week, but it was better than expected readings from Leading Indicators and the Philly Fed helping out the market during the early going. Leading stocks bolted out of the gate in the morning trading hours only [...]
Merkel Cancels Meeting Sends Stocks off the Lows of the Session
The morning got going with GDP coming in-line with expectations. Putrid growth of 1.9% was in-line with expectations, but far from where we should be 3 years removed from 2009 lows. Shortly after the market opened the Supreme Court upheld Obamacare and the market got interesting. Stocks ended up heading lower after creating a bit [...]