Market Dashboard Holds Steady As Stocks See Worst Week of the Year

Weekly Market Summary Politics took center stage this week in the hearts and minds of investors and traders as House Republicans tried, and failed, to pass a replacement for the Affordable Care Act, also known as Obamacare. After postponing the vote on Thursday, House Republicans received an ultimatum from President Trump to vote or move…

 

Bearish Momentum Picking Up Steam

Weekly Market Summary The biggest story-non-story of the week was the Federal Reserve’s announcement that it was raising its benchmark interest rate by 25 basis points (0.25%) to the range of 0.75% to 1.0%. This was the third interest rate hike in a decade, but the second since December. This seems to signal that the…

 

As Dow Hits 30-Year Bullish Streak, Cracks May Be Forming in Market Rally

Weekly Market Summary U.S. indexes continued their upward march this week, although there may be some indications that the momentum generated by rhetoric from President Trump may need actual policy statements for it to continue. Traders will be watching the President’s address to Congress on Tuesday for more details about his agenda. The Dow Jones…

 

Bears Gain Ground as Trump Presidency Begins

Weekly Market Summary On Friday, Donald J. Trump was sworn in as the 45th President of the United States. Leading up to Inauguration Day, the “Trump Rally” had been losing its momentum, with the Dow Jones Industrial Average posting five straight losses before rising on Friday. In addition, Over the 10 trading days through Thursday,…

 

Stocks Take a Break from “Trump Rally,” Market Dashboard Holds Steady

Weekly Market Summary U.S. stocks took a break this week from their “Trump rally.” Growing political uncertainty in Italy, as well as lukewarm domestic jobs data, had investors tapping the brake. The U.S. economy added enough jobs in November to raise expectations that the Federal Reserve will boost interest rates at its policy meeting later…

 

CI Market Dashboard: Bulls Tighten Grip in Post-Election Rally

Weekly Market Summary This week saw U.S. stocks, for the most part, continue their upward march in the wake of Donald Trump’s presidential election victory. Major indexes hit record highs and the U.S. dollar, as measured by the U.S. Dollar Index, climbed to a 13-year high. It also seems a near certainty that the Federal…

 

Bulls Make Slight Gains With Latest CI Market Dashboard

Weekly Market Summary The Dow Jones Industrial Average (DJIA) gained 0.04% from last week to close at 18,145.71. For yet another week, the 50-day moving average (18,313.50) appears to be a resistance point to the upside. To the downside, we look for round-number support at 18,000. The S&P 500 Index (SPX) posted a weekly win…