1:15pm (EST) The bulls are trying to get back-to-back wins on the Dow for the first time this year as they power their way towards fresh highs overall. Today’s push is being led by Tech and the Financial stocks as better-than-expected results from Bank of America (BAC, $17.17, up $0.40)
Nasdaq Trips 4,200/ Bank of America (BAC) Clears $17/ Profit Alerts!!!
Blue-Chips Get a Facelift/ Profit Alert (QQQ)!!!
12:10pm (EST) Out with the old, in with the new. The Dow Jones Industrial Average is made up of 30 stocks. From time-to-time, stocks are dropped and others added to make up 30 “blue-chips” companies. Today’s announcement in a 3-swap deal kicks Alcoa (AA, $8.07, down $0.02), Bank of America
Money Moving In on Monday’s, McDonald’s (MCD) Misses
1:10pm (EST After a slow start, the bulls are trying to make another push higher and if current levels hold, it will be the fourth-straight up Monday and another set of all-time highs. The blue-chips are showing some strength despite the earnings miss by McDonald’s (MCD, $97.67, down $2.60) this
China Chills Wall Street
9:00am (EST) The bears snapped a 3-session losing streak on Tuesday as the bulls were unable to recover from the ambush at the open. Futures were weak as we headed to press so we knew it was going to be an uphill battle to get back to even. The blue-chips
Big Week For Bulls, What’s Next?
12:55pm (EST) Tomorrow is St. Patty’s Day and the bulls are trying to add some more green to this week’s gains. We have a lot to cover so let’s go over the numbers real quick. The Dow is up 2 points to 13,255 while the S&P is higher by 2
Tech, Financial Stocks Still Showing Strength
9:00am (EST) The bulls recovered most of Friday’s drubbing with a strong session on Monday as the market overlooked the uprising in Greece and cheered a proposed bailout which could get approved by Wednesday. Of course, with so much money-printing, bond swapping, and reshuffling funds here and there, it all
Bulls Holding Gains but Resistance Still Looms
1:05pm (EST) The bulls and bears have traded blows for much of the session as the market has had a bevy of headlines to deal with today. The indexes have traded in a tight range once again and got off to good start after Initial Claims came in at 358,000
15 Minutes of Fame
9:00am (EST) The bulls and bears each had their 15 minutes of fame on Tuesday but it was the grizzlies who got the better of Wall Street. Following a 3-day weekend, the bears were back in the driver’s seat as they won their 3rd straight session as more concerns from
Buffett Backs Bank of America (BAC)
1:30pm (EST) We mentioned on Tuesday we could be nearing a bottom for Financial stocks and it seems Warren Buffet got the message. Buffett’s Berkshire Hathaway will invest $5 billion in Bank of America (BAC, $7.63, up $0.64) to shore up the company’s balance sheet and provides a much needed
Bears Bite Back
1:45pm (EST) The market continues to see-saw as Europe’s woes came back in focus today on the possibility of a downgrade of French debt which has rattled the major indexes. Naturally, the Banking stocks here at home and across the pond are getting pounded. Bank of America (BAC, $7.10, down