All posts by Todd Mitchell

Stock Market News: Nike Slips; Boeing Faces Cancellations

stock market

The stock market saw a substantial downturn on Friday morning amid worries that global economic growth could be even weaker than previously thought. Growing concerns about whether the U.S. can continue to hold off pressure from abroad also weighed on sentiment.  As of 10:20 a.m. EDT, the Dow Jones Industrial Average (DJINDICES:^DJI) was down 211 points to […]

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Nasdaq Up 5-Straight Sessions

U.S. markets showed strength throughout Thursday’s session while recovering losses over the last couple of sessions to keep fresh resistance and 2019 highs in play.Better-than-expected economic news helped overall sentiment but the weakness in the Financials remain a slight concern following the Fed news they weren’t going to raise rates this year.The Nasdaq jumped 1.4% […]

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Why the Federal Reserve may have just killed the stock market rally

Mr. Market always wants it all. So it’s no surprise stocks finished Wednesday with a downward bias following Federal Reserve Chairman Jerome Powell’s well-polished presentation to headline-seeking journalists Wednesday afternoon. The Dow Jones Industrial Average fell 141 points, near the lows of the session, breaking a string of very bullish sessions. Big bank stocks such as JPMorgan […]

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Mortgage rates just tanked thanks to the Fed – and they could go even lower

Mortgage rates fell quickly after the Fed’s announcement Wednesday that it would be getting back into the bond-buying business, big time – which could take rates even lower. The average rate on the popular 30-year fixed, which had been sitting for days at 4.40 percent, fell sharply to 4.34 percent, according to Mortgage News Daily. That […]

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Stock market keeps rising, so why is nobody cheering?

Call it the Santa Claus rally that just keeps on giving. Since hitting their closing lows on Dec. 24, the S&P 500 has added nearly 500 points, or 20%, through Tuesday’s close. The Dow Jones Industrial Average has tacked on 4,000 points, a 19% gain, while the Nasdaq Composite Index has soared 25%. And yet, the stock […]

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Fed holds line on rates, says no more hikes ahead this year

interest rates

The Federal Reserve decided Wednesday to hold interest rates steady and indicated that no more hikes will be coming this year. In a unanimous move that coincides with market expectations and demands, the central bank’s policymaking Federal Open Market Committee took a sharp dovish turn from policy projections just three months earlier. After the announcement, 10-year Treasury […]

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Fed Stands Pat on Interest Rates

major indexes

U.S. markets were weak throughout much of Wednesday’s session as Wall Street awaited the afternoon Fed update on interest rates and digested the latest tariff and trade news with China. President Trump indicated he would leave tariffs on China for a substantial period of time to make sure that if a deal with China was […]

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Market Mixed Ahead of Fed Minutes

major indexes

U.S. markets showed overall strength for the 5th time in 6 sessions before a mixed finish with the overall market and Tech continuing their run to fresh 2019 highs. The blue-chips continue to make higher highs and the small-caps are making a move out of a 5-session trading range.The action was bullish although slightly overbought […]

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Dow climbs more than 100 points as Fed meeting kicks off

Federal Reserve

Stocks rose on Tuesday, broadly supported on expectations the Federal Reserve could strike a dovish tone at its latest monetary-policy meeting. The Dow Jones Industrial Average gained 104 points, led by gains in DowDuPont and Boeing. The S&P 500 climbed 0.4 percent as the materials and consumer discretionary sectors outperformed. The Nasdaq Composite advanced 0.4 percent. The […]

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Dow Jones Futures: Microsoft, Apple, Amazon Drive Stock Market; 2 IPOs Rise Overnight

Dow Jones

Dow Jones futures rose early Tuesday, along with S&P 500 futures and Nasdaq futures. On Monday, the major averages rose modestly even with Boeing stock weighing on Dow Jones. The world’s most valuable companies, Dow tech giants Microsoft and Apple stock, continued to outperform and look set to advance Tuesday. No. 3 Amazon stock cleared […]

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