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Category Archives: Economy

Stocks slide on global growth fears

Go for a business any idiot can run because sooner or later, any idiot probably is going to run it. – Peter Lynch In a roller coaster week that saw stocks record their best day of the year as well as their worst day of the year, the S&P 500 Index plummeted 3% on heightened […]

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Stocks close lower despite strong jobs data

After all, the chief business of the American people is business. They are profoundly concerned with producing, buying, selling, investing and prospering in the world. – Calvin Coolidge Despite a strong employment report on Friday that led to an explosive rally in the stock market, the S&P 500 Index finished the week in the red […]

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Stocks slide on global growth fears

October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February. – Mark Twain In a week characterized by an absence of potential market-moving economic data, the S&P 500 Index dropped over 1% on concern over global growth, […]

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Fed statement propels Dow to record high close

Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway. – Warren Buffett The Dow Jones Industrial Average was the big winner last week among the major averages as it added almost 300 points to close at a new record high after […]

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Stocks decline on interest rate fears

Derivatives are financial weapons of mass destruction. – Warren Buffett The stock market succumbed to the laws of gravity last week as the S&P 500 Index declined about 1% after posting gains for five consecutive weeks. Although the calendar was light for both economic data and quarterly earnings reports, heightened investor fears over the possibility […]

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S&P 500 at all-time high on ECB rate cut

Money is better than poverty, if only for financial reasons. – Woody Allen The major stock averages closed modestly higher last week on news that the European Central Bank (ECB) decided to cut its key interest rates from an already low 0.15% to .05% in an attempt to stimulate weakening economies in the euro zone. […]

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S&P 500 closes above 2000 on earnings, economic data

When I was young I thought that money was the most important thing in life; now that I am old I know that it is. – Oscar Wilde Positive economic data and better than expected second quarter corporate earnings again trumped geopolitical tensions as the S&P 500 Index closed at yet another record high, this […]

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DJIA gains 2% on strong earnings, economic data

Put not your trust in money, but put your money in trust. –Oliver Wendell Holmes The Dow Jones Industrial Average and the S&P 500 Index recorded their best weekly performance of the summer as both economic data and corporate earnings were positive catalysts. With an easing of geopolitical tensions between Ukraine and Russia, the focus […]

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Stocks rise despite geopolitical tensions

Risk comes from not knowing what you are doing. – Warren Buffett Despite ongoing tensions in the Middle East, Iraq and Ukraine, the stock market closed higher last week on stronger than expected second quarter corporate earnings. The yield on the 10-year Treasury note even fell to 2.3% before ending the week at 2.4% as […]

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Stocks slide on interest rate fears

I believe that thrift is essential to well-ordered living and that economy is a prime request of a sound financial structure, whether in government, business or personal affairs. – John D. Rockefeller, Jr. Despite strong economic data and generally positive corporate earnings reports last week, the Dow Jones Industrial Average suffered its worst weekly loss […]

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