12:30pm (EST) More rhetoric from Europe has pushed the indexes below support once again but the bulls are battling back as they try to hold down the fort. With economic news light and earnings winding down, the market has become more volatile inside its recent trading range. The bulls haveRead more
Tug-of-War Continues
Bears Win Third Straight Session
Jobless Claims Lift Futures
9:00am (EST) Although it’s not a done deal, the compromise backed by the President and Republican leaders on extending tax cuts led to choppy trading on Wednesday as bonds got crushed and the dollar gained strength. The bulls are arguing that a tax-relief package will stimulate economic growth in 2011 while the bears areRead more
Jobless Claims Fall, Futures Up
U.S. Stocks Retreat
Futures Turn Negative After Jobless Claims/ POT Trade
9:15am (EST) The futures had been up this morning but have lost steam after a worse-than-expected weekly jobs report. The number of US workers filing new claims for jobless benefits rose 15,000 last week to 576,000. Wall Street had forecast new claims of 550,000 from the previously reported 558,000. AsRead more
Market Drops Nearly 350 Points
Economic News
It’s likely to be another volatile week on Wall Street as a number of key economic reports will certainly have an impact on the market. Although the economy is chugging along, in order for the market to break through key resistance levels, the housing market will need to improve beforeRead more