Daily Market Updates

June 10, 2011

The markets volatility continued today, with the markets dropping triple digits.  The Dow closed below 12,000 for the first time since March and the Nasdaq has now given up all of this year’s gains.  Weak economic news has traders fearful about the strength of the economic recovery.  Losses started early on today after a smaller than anticipated Chinese trade surplus and a bigger than expected decline in British industrial production in April… Read More ›

June 9, 2011

Stocks reversed their 6 day losing streak as investors snapped up beaten down stocks following the international trade report that showed the US trade deficit narrowed unexpectedly to $43.7 billion in April, far below the expected $48.8 billion.  The markets got another push higher after the Greek Cabinet supported a new round of austerity measures for the debt-ridden nation. The markets settled off their high of the day, but still closed solidly… Read More ›

June 8, 2011

Stocks struggled to find direction today and drifted lower in the final hour of trading.  The markets were under pressure amid concerns over the economic recovery following Ben Bernanke’s grim economic outlook and after the Fed’s latest Beige Book stated that several regions showed signs of a slowdown.  The slowed growth was due to higher food and energy costs as well as supply disruptions stemming from Japan’s earthquake.  DOW   -21 to 12048… Read More ›

June 7, 2011

After being up most of the day, stocks pared their gains and closed lower as Federal Reserve chairman Ben Bernanke acknowledged a slowdown in the economy, but did not imply any further monetary stimulus ahead.    DOW   -19 to 12070 SP500   -1 to 1284 NASDAQ   -1 to 2701 Oil gained amid expectations that OPEC will increase its production quota for the first time in 2 ½ years this week.  Oil closed at… Read More ›

July 6, 2011

Stocks weakened into the close after being down most of the day.  Today is the fourth consecutive day of declines as investors are turning cautious amid signs of an economic slowdown.  There weren’t any economic releases today but the markets are still feeling the fallout from the jobs report released last Friday showing far fewer new jobs created for the month than expected.   DOW   -61 to 12089 SP500   -14 to 1286… Read More ›