Author: The INO.com Team

Daily Update: Choppy trading rules the day

Posted on by The INO.com Team

Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Thursday, the 3rd of May.

While Adam is away we will be providing the daily update in written form each day, with videos on Monday, Wednesday, and Friday each week.

DailyXchange
Post and prosper with other MarketClub members everyday.

3 Stocks on the move today:
TDC (Teradata), WFM (Whole Foods Market), and SNI (Scripps Networks).

DON'T FIGHT THE MARKET … MOVE WITH THE MARKET! Continue reading "Daily Update: Choppy trading rules the day" →

April retail sales show shoppers spent less

Posted on by The INO.com Team

By ANNE D'INNOCENZIO
AP Retail Writer

(AP:NEW YORK) Americans were shopping in April, but they weren't spending as much as expected.

Big retailers including Costco, Macy's and Target on Thursday reported sales in April that missed Wall Street estimates as colder temperatures, an early Easter and renewed worries about the economy dampened shoppers' enthusiasm to buy.

The disappointing results follow strong gains in the previous month that were boosted by a combination of warmer weather and optimism amid a flurry of positive economic news. Continue reading "April retail sales show shoppers spent less" →

Oil price falls on concerns about global economy

Posted on by The INO.com Team

By CHRIS KAHN
AP Energy Writer

(AP:NEW YORK) Oil prices fell Wednesday on concerns of a weakening European economy and disappointing job growth in the U.S.

Benchmark West Texas Intermediate crude gave up 86 cents to $105.30 per barrel in New York. Brent crude, which helps set the price of oil imported into the U.S., lost $1.35 to $118.31 per barrel in London.

Prices dropped after a survey showed that Europe's manufacturing industry is slowing down. Germany's unemployment figures also increased in April. That's happened only twice in more than two years. A separate report says U.S. businesses added 119,000 jobs in April, far lower than the 201,000 added in March. Continue reading "Oil price falls on concerns about global economy" →

Factory Orders Post Biggest Decline in Three Years

Posted on by The INO.com Team

Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Wednesday, the 2nd of May.

While Adam is away we will be providing the daily update in written form each day, with videos on Monday, Wednesday, and Friday each week.

DailyXchange
Post and prosper with other MarketClub members everyday.

3 Stocks on the move today:
TRIP (Tripadvisor), PHM (Pulte Group), and DHI (Dr. Horton).

DON'T FIGHT THE MARKET … MOVE WITH THE MARKET! Continue reading "Factory Orders Post Biggest Decline in Three Years" →

Bad news about jobs spooks markets

Posted on by The INO.com Team

By CHRISTINA REXRODE
AP Business Writer

(AP:NEW YORK) Investors homed in on bad news about jobs in the U.S. and Europe Wednesday. They sent stocks down in early trading, erasing the hope generated the day before about a brisk May for the market.

The Dow Jones industrial average fell 78 points to 13,201 in the first hour of trading. The day before it closed at the highest point in four years, propelled by encouraging reports about U.S. manufacturing.

The broader Standard & Poor's 500 fell 11 points to 1,395. The Nasdaq composite index fell 16 points to 3,034. Continue reading "Bad news about jobs spooks markets" →