Posts Tagged ‘DOW’

(Lee Siler) - Stocks dropped for the second consecutive day on heavier trading. After four straight weeks of gains, the market is at risk of ending the week with losses, as the Fed concludes its two-day meeting this afternoon. This Fed is expected to leave interest rates alone, but it's the language the Fed uses that will be scrutinized. It's likely Ben Bernanke and Company will say that the economy is on more secure ground and the worst is probably behind us.

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(Lee Siler) - The market staged and impressive reversal in the midst of a mixed bag of earnings. After trading down triple digits, the Dow Jones and the other major averages rallied mid-day and continued its momentum through the close. After getting pummeled on the open, bank stocks also saw some buying and closed in positive territory.

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(Lee Siler) - Stocks continue to be on the defensive, as the big banks get blasted on credit quality fears. Although Bank of America beat analysts' estimates by a wide margin, Wall Street took no prisoners and punished its stock by 24% yesterday. B of A followed the trend of good earnings out of the money center banks, but like Goldman and Citigroup, good earnings wasn't enough to keep their common stock trading near recent highs.

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(Lee Siler) - The Dow Jones Industrial Average punched through the 8000 point mark but was unable to hold. At this point, I think stocks are over-bought and if you have some short-term profits I suggest you take them.

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(Lee Siler) - Stocks are set to open the second quarter much like it started the first quarter, to the downside. After logging in the worst quarterly performance in 70 years in which the Dow Jones, S&P 500 and the Nasdaq all dropped 13.3%, 11.7% and 3% respectively, the market is set to take back some of the recent gains.

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