1:00pm (EST) The bulls are taking a breather following the 2-day rally that has seen the Dow run-up 250 points. The index hit a high of 9,793 on Tuesday but is currently down 41 points to 9,689. Still, the momentum the bulls are showing points towards Dow 10,000 in theRead more
Market Lower After 2-day Rally
Costco Beats Estimates
9:00am (EST) Third-quarter earnings season “officially” kicks off when Alcoa (AA, $13.89) reports after the bell today as it is the first Dow stock to announce. We have some other notable names reporting earnings as well but their fiscal year is just ending and they are reporting 4Q earnings. For instanceRead more
Gold Hits All-Time High
1:00pm (EST) The bulls have pushed the Dow to another triple-digit gain and gold has hit an all-time high of 1,044 today. Stocks are seeing their biggest gains in over two months as Gold and Energy stocks are zooming. Halfway through the trading session, the Dow is up 140 at 9,740. The S&PRead more
Oil Up, Futures Higher
9:00am (EST) The bulls are looking to build on yesterday’s momentum as futures are pointing toward a higher opening this morning. The overseas markets have rallied this morning after Australia’s central bank raised interest rates. The bulls are taking it as a sign that a global economic recovery is on the horizon and theyRead more
Bulls Running To Start The Week
3:00pm (EST) The bulls got the ball rolling today after a positive ISM number this morning has put Wall Street in a buying mood. The Institute for Supply Management said its service index rose to 50.9 in September from 48.4 in August. The Street had expected a reading of 50, and anythingRead more