RoboStreet – March 8, 2017 Tough Tariff Talk Can’t Roil Teflon Market Yesterday, President Trump laid out plans to enact tariffs on imported steel and aluminum that will take effect in two weeks. Canada and Mexico will be exempted indefinitely. From the White House press release: “The Department of Commerce’s investigation found that the current […]

The DJIA saw a slide of over 200 points today, almost erasing its 2018 gains so far, as markets react to the abrupt resignation of Gary Cohn, the head of President Trump’s White House National Economic Council. Trump recently announced, without consulting congress, a 25% steel tariff and a 10% aluminum tariff which stunned both […]

Threat of a possible global trade war has dropped U.S. stocks for their longest skid since last year. President Donald Trump’s announcement of a 25% steel tariff and a 10% aluminum tariff has investors worried over the possibility of higher interest rates and inflation, hitting the industrials sector hardest. This, in turn, caused the market […]

RoboStreet – March 1, 2018 Market in the Grip of a Seesaw in Sentiment The major averages are caught up in a technical tug-o-war this past week, trying to regain bullish momentum only to have every rally attempt cut short of extending a one-day move. Ten trading days ago, the S&P 500 was at 2,715 […]

Indices are seeing mostly positive, recuperative gains, following a Tuesday sell-off due to comments made by Fed Chairman Jerome Powell in a congressional hearing. Powell had described an upbeat and confident outlook on the U.S. economy, seen by many as signaling a more hawkish stance on interest rates. This would lend the expectations of an […]

The two week stock market recovery- led by a tech sector rally today- continues as worries of inflation remain. All three major indices saw significant advances for the second week in a row, closing with substantial gains of 1% last Friday. Concerns regarding raised interest rates as a reaction to possible forthcoming inflation have cast […]

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The Dow Jones Industrial Average saw a jump near session highs today after the release of Fed FOMC minutes from a January meeting where interest rates were discussed. The DJIA jumped 250 points at one point, and the S&P 500 and Nasdaq also saw post-release gains. Economic data has injected inflation concerns into the equities […]

RoboStreet – February 15, 2018 Rally Back to the 50-day Moving Average Raises Caution Flag U.S. equities advanced for a fifth consecutive session yesterday, overcoming a hotter-than-expected January CPI reading. The Nasdaq Composite led the rally, followed by the S&P 500 and the Dow Jones Industrial Average, both of which returned to positive territory for […]

Major U.S. indices saw jitters today as investors parse the release of the latest economic data. In January, the consumer price index rose to levels not seen in the past five months, further stoking inflation concerns and putting a dent in the stock markets. With CPI rising 0.5%, and the core CPI (stripped of food […]