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Category Archives: Interest Rates

Strong employment data lifts Dow, S&P 500 to record highs

My experience indicates that most people who’ve accumulated a great deal of wealth haven’t had that as their goal at all. Wealth is only a by-product, not the original motivation. – Michael Milken The Dow Jones Industrial Average and the S&P 500 Index continued their torrid pace last week as both major averages closed at […]

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S&P 500, DJIA at new all-time highs on positive economic data

Thanksgiving dinners take eighteen hours to prepare. They are consumed in twelve minutes. Half-times take twelve minutes. This is not a coincidence. – Erma Bombeck In what is sounding like a broken record, both the S&P 500 Index and the Dow Jones Industrial Average set new all-time highs again last week on positive economic data, […]

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Lower oil prices, retail sales data lift S&P 500 to new high

My favorite time frame is forever. – Warren Buffett In what could be described as a slow news week without any potential market-moving data, the major stock averages posted modest gains on their way to new all-time highs. With the third quarter earnings season winding down and a shortage of economic data, the S&P 500 […]

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Stocks soar to all-time highs on strong data, earnings

Know what you own, and know why you own it. – Peter Lynch Both the Dow Jones Industrial Average and the S&P 500 Index continued their surge last week and closed at all-time highs as investors cheered strong U.S. economic data, an optimistic outlook from the Federal Reserve and increased stimulus from the Bank of […]

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Stocks end volatile week lower on global growth fears

Just as a cautious businessman avoids investing all his capital in one concern, so wisdom would probably admonish us also not to anticipate all our happiness from one quarter alone. – Sigmund Freud The fact that the S&P 500 Index closed modestly lower for the fourth consecutive week does not tell the whole story as […]

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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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