9:00am (EST) We were expecting one last charge by the bulls as we closed out the month of April and the market got it. The Dow and S&P finished the month of April at 3-year highs while the Nasdaq hit its highest level in a decade. Not that we areRead more
Futures Soar on Bin Laden’s Death
April Closing with a Bang, (NEW TRADE ALERT)
1:15pm (EST) The bulls are putting an explanation point on a strong month as they have once again pushed the major indexes to new 52-week highs. Earnings and economic news continue to drive the headlines which have been pretty positive today. Caterpillar (CAT, $115.29, up $2.65) is trading at fresh highsRead more
Bulls Hate Saying Goodbye to April
Rediff.com India (REDF) Continues Push Higher
1:45pm (EST) The market is mixed as we head into the second half of trading with the blue-chips showing strength while Tech is slipping. Earnings continue to pour in, some good, some not so good, while economic news came in the same way. It seems that the companies that “beat-and-raiseRead more
Big Ben Takes the Ball Deep
8:45am (EST) Well, we have to hand it to Fed Chairman Ben Bernanke. He threw a touchdown pass to the bulls in a historical, first-time ever press conference after the Federal Open Market Committee’s announced its decision on interest rates. We weren’t expecting the rhetoric from the latest FOMC policyRead more
April Ending Right on Cue
Ring the Bell, School’s in Session
12:15pm (EST) After a slow start, the bulls have pushed the major averages to new 2011 highs today after another round of solid earnings and better-than-expected economic news. 3M (MMM, $95.80, up $1.68), Ford (F, $15.86, up $0.32) and United Parcel Service (UPS, $74.62, up $0.98) played music for WallRead more