Positive Outlook Boosts Stocks
Stocks rallied Wednesday, as investors welcomed a narrower-than-expected trade deficit and an upbeat profit report from Applied Materials ahead of the latest from the Federal Reserve. The Dow Jones industrial average (INDU) gained 117 points, or 1.3%, less than an hour into the session. The S&P...
Wall Street Rolls Over
Having suffered the worst thrashing the equities market has absorbed in two months, in Monday’s selloff, Wall Street, on Tuesday, adopted a defensive posture, eschewing any sharp moves and evidencing none of the volatility that characterized Monday’s downturn. In short, Wall Street played possum.  To...
Wells Fargo And NY Times Report Spur Market Rally
Wells Fargo created big gains for bank stocks and spurred market buying, especially in some of the riskier companies trading publicly.  At one point this afternoon the Dow was up 234 points and over the 8000 mark. Wells Fargo shares jumped almost 30% after the bank said it expects to report...
Bulls To Be Tested In April
Stock-market bulls will face their own test in April as the market begins to see what the results are from the recent Obama plan implemented to get the U.S economy back on track and what the nations of the G-20 conference do to further help the sagging world financial economy. Early March saw bottoms...