Hello traders everywhere. The stock markets opened little unchanged for on Monday holding just above the record levels set on Friday. The reason for the slow start? Earnings. That's right, it's earnings season and we're kicking off a big week of earnings with Netflix Inc. (NASDAQ:NFLX), which reports after the close today.
Hello MarketClub members everywhere. As the trading week comes to an end, the DOW and S&P 500 are hovering around their all-time highs with the S&P 500 surpassing that mark as I write this. Weak economic data has also dimmed the chances of another rate hike this year, while lukewarm forecasts by J.P. Morgan and Wells Fargo have limited gains.
EDIT: Shortly after I posted this video the NASDAQ triggered a green weekly TT. Your key level to watch next week is now 6,081.96. A move below that level would issue a new red weekly TT.
Shares of J.P. Morgan Chase & Co. (NYSE:JPM) fell 1.3%, Citigroup Inc. (NYSE:C) was down 1% and Wells Fargo & Company (NYSE:WFC) fell 1.8%, despite their quarterly profits beating analysts' expectations.
Gold and crude oil are both posting weekly gains of 1.3% and 5.2% respectively.
Hello MarketClub members everywhere. Stocks were sent for a wild ride today as traders weighed the impact of emails released by Donald Trump Jr. via Twitter.
The Dow initially fell 100 points on concerns that the Russia controversy that’s plagued President Trump’s presidency will worsen. However, the major averages recovered about half an hour later. The Nasdaq and Dow are now in the green while the S&P 500 remains in the red.
Hello MarketClub members everywhere. After a tumultuous week stocks are ending on a high note with the labor department reporting that the U.S. economy added 222,000 jobs in June. Economists had been expecting an increase of 179,000. The unemployment rate ticked higher to 4.4 percent from 4.3 percent.
However, wage growth, which is viewed as a measure of inflation, rose by just 0.2 percent.
Crude oil is heading lower for the third straight day as OPEC said it might be considering putting a limit on how much Nigeria and Libya can produce.