Topic: Dow Jones Industrial Average
Clarksville, TN – The stock market sell-off continued Monday, as the Dow Jones Industrial Average and other major domestic indices saw a significant drop in early morning trading, regained some ground as the day progressed, but still closed down 3% to 4% for the day.
Global markets were also down, notably in China, Hong Kong, Germany and the United Kingdom. The pullback appears to be driven by concern over slowing global growth, particularly as China’s economy (one of the world’s largest) falters, as well as the drop in commodity prices, namely oil.
Clarksville, TN – The two weeks of trading this month took investors on a wild ride. The Dow Jones Industrial Average, for example, posted its biggest point gain and loss back to back for the first time since 1997, according to the Wall Street Journal
Last Tuesday’s 273-point “Dow Dive” was reversed by Wednesday’s 275-point “Dow Wow.” But then the Dow slumped again, dropping 335 points on Thursday.
Clarksville, TN – U.S. stocks had a great run in 2013 with major indices up 27% to 38%, but that momentum lost a bit of steam in January and the first hours of February trading.
The pullback toward the end of January seems to reflect investor concern about turmoil in emerging markets in general, and specifically, about a drop in Argentina’s currency and a deceleration of Chinese manufacturing.
Clarksville, TN – Federal Reserve policymakers decided to trim something other than trees at their December meeting.
The central bank made the long-awaited decision to begin reducing its monthly pace of asset purchases from $85 billion to $75 billion, starting in January 2014. This is the first step towards unwinding the economic stimulus.
Clarksville, TN – The markets sent investors mixed messages in October, generally trending upwards despite signs of volatility around the government shutdown and subsequent reopening.
At the end of the month, stocks – which had enjoyed a days-long record run – began to show some weakness after Federal Reserve policymakers said the economy wasn’t growing quickly enough to curtail its bond purchases and dial back on some of its economic stimulus.
Clarksville, TN – The third quarter of the year proved quite eventful.
The Federal Reserve opted to wait a little longer before beginning to dial back its bond purchases, and a budgetary showdown in D.C. resulted in a partial government shutdown on the same day the private healthcare exchanges mandated by the 2010 Affordable Care Act (ACA) opened.
Political tensions arose over whether to defund or delay major provisions of the ACA.
Clarksville, TN – The first half of 2013 is in the books, and it was one of the best first halves on record. All three major indices enjoyed double-digit gains through June, but what does the return of volatility in the markets mean for the rest of the year?
This online resource revisits our professionals to get an update on their observations, insights and outlooks for the rest of 2013. «Read the rest of this article»
Clarksville, TN – At the end of February, the Dow Jones Industrial Average closed just shy of its all-time high.
Less than a week later, the index fulfilled its promise, trading as high as 14,286.37 to break both its record close of 14,164.53, on October 9th, 2007, and its intraday high of 14,198.10, reached around the same time.
The index closed at a new high of 14,253.77. «Read the rest of this article»
Clarksville, TN – Even though the market indexes showed little change in November, the end of 2012 looks promising as the U.S. economy rebounded despite a highly contentious election cycle and the devastating effects of Hurricane Sandy thanks to some encouraging numbers from key indicators.
The Dow Jones Industrial Average experienced a post-election trough and ended the month north of 13,000, but still flat compared to the end of October. The NASDAQ mirrored the DJIA, bottoming at 2,837 on November 15th to close at a near month-high at 3,010. Likewise, the S&P 500 rallied from a low of 1,353 for November to end the month at 1,416. «Read the rest of this article»
Clarksville, TN – This has been an interesting month, to say the least. Not only did we mark the 83rd anniversary of the Black Tuesday stock market crash, but we also saw Hurricane Sandy shut down the New York Stock Exchange for two days during the final week of the month.
The last time a hurricane closed the NYSE was September 1985. We have to go back to 1888 for the last time markets closed on consecutive days due to weather. «Read the rest of this article»
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