9:00am (EST) The bulls had high hopes on starting the week off strong but ran into trouble after an early morning pop. There was a lot of M&A news before the bell and we covered much of it yesterday but a sharp rebound in the dollar shortly after the openRead more
Adobe (ADBE), Jabil (JBL) Beat Expectations
Adobe Systems (ADBE) Gets Strangled
9:00am (EST) The Federal Open Market Committee’s (FOMC) sang their same old song and dance on monetary policy as the group left interest rates unchanged at record lows “for an extended period of time” yesterday. There wasn’t much action before the Fed’s policy statement and there was a small battleRead more
May New Homes Sales Down 33%
1:05pm (EST) The bulls got some more bad news this morning and after a positive start the market quickly reversed course after a terrible housing number derailed any momentum the bulls were trying to gather. Sales of new homes fell off a cliff, tanking 33% to 300,000 last month as potential buyersRead more