by | Jan 24, 2011 | Towing
Traders will be reading between the State of the Union’s lines to see what Obama’s new approach means for business and the market. And given stocks’ steady rise for the past eight weeks, profit-taking and choppy action should b…
by | Jan 21, 2011 | Towing
Better-than-expected earnings from General Electric helped lift the Dow and S&P 500. The Nasdaq closed lower after disappointing results from chipmaker Advanced Micro Devices. Overall, the week’s strong earnings bode well for c…
by | Jan 17, 2011 | Towing
It’s been a long time since the DJIA reflected just America’s smokestack economy. But today’s economic rebound is being led so far by manufacturers. And if you plot those Dow components as a group, you’ll see they’re leading th…
by | Jan 14, 2011 | Towing
Stocks ended the week on a positive note despite economic reports that fell short of expectations. But Cort Gwon of FBN Securities says there was lots to cheer about as fears over the debt crisis in Europe lessened and U.S. com…
by | Jan 12, 2011 | Towing
Stocks closed broadly higher Wednesday after Portugal’s government had no trouble in tapping global debt markets, helping ease European debt fears. The euro gained at the dollar’s expense, which lifted a broad basket of commodi…