The Dow Jones moved 400 points higher on Friday. U.S. unemployment now stands at 14.7%, and ING believes things will only get worse. Trump and China have toned down the rhetoric, but economists are skeptical that the phase one deal is even realistic anymore. The Dow Jones enjoyed one of its more superficially-baffling rallies today,…
The Dow Jones enjoyed a triple-digit gain on Tuesday. Wall Street continues to focus on the positives as economic activity comes out of its deep freeze. But ING believes U.S. unemployment could hit 22% in May. The Dow Jones was off to the races on Tuesday as surprisingly-rosy economic data mixed with swirling optimism about…
Jerome Powell and the FOMC kept interest rates on hold and soothed the U.S. stock market by extending its liquidity push through April 2020. Bolstering the Dow Jones, Apple, Boeing, and Dow Inc. enjoyed strong post-earnings rallies. Despite the positive mood, the coronavirus outbreak just crossed a disconcerting milestone. The Dow Jones Industrial Average erupted…
Dow giant Boeing struggled on Friday, holding the stock market back. The largest U.S. aerospace company was hit by a dire prediction from Bank of America. Michigan consumer sentiment contracted for the first time since November 2019, but that had little effect on the Dow Jones. A decent day for the Dow Jones was ruined…
Donald Trump’s impending impeachment had little effect on the Dow Jones on Wednesday, as the stock market limped higher to close at record levels. Donald Trump’s impeachment looks inevitable, but his removal is not being taken seriously as a possibility for the Dow Jones. Nordea Research believes the president would lose Republican support in the…
Gold rallies to an intraday high of $1,475.50/oz. Precious metals trade at more than one-week highs as risk appetite wanes. Serbia bought nine tons of gold in October to hedge against crisis. The price of gold extended its rally on Thursday, as waning risk appetite drove investors into the relative safety of precious metals. In…
Dow Jones Industrial Average futures zipped higher on Sunday evening after a Treasury official refuted a report that the Trump administration was mulling a new policy that would block Chinese companies from trading on US stock exchanges. Dow Futures Point to Bullish End to September Roughly 35 minutes after the futures markets had opened on…
