Tag: S&P 500 (CME:SP500)

Stronger-Than-Expected Employment Data Spurs Markets

Posted on by The INO.com Team

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.

MarketClub's Mid-day Market Report

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.

Key levels to watch next week: Continue reading "Stronger-Than-Expected Employment Data Spurs Markets" →

Wrapping Up The Second Quarter Of 2017

Posted on by The INO.com Team

Hello MarketClub members everywhere. As expected the stock market is headed higher today after yesterday's sell-off. However, trading volume is decidedly low heading into the long 4th of July weekend.

Let’s take a look at where the markets stand and where they are finishing up the 2nd quarter of 2017.

MarketClub's Mid-day Market Report

Key levels to watch next week: Continue reading "Wrapping Up The Second Quarter Of 2017" →

Oil Stabilizes As The Dollar Falls

Posted on by The INO.com Team

Hello MarketClub members everywhere. The drop by the U.S. Dollar today has helped to pull crude oil off of its 10-month lows producing two straight days of gains heading into the weekend.

Overall, U.S. stocks have been little changed this week, with the Dow and S&P flat in the period. Meanwhile, the NASDAQ is on track to post a weekly gain of almost 2% after two weeks of losses.

MarketClub's Mid-day Market Report

Key levels to watch next week: Continue reading "Oil Stabilizes As The Dollar Falls" →

Amazon Makes A Bold Move

Posted on by The INO.com Team

Hello MarketClub members everywhere. I expected the market to react in a positive light when it was announced that Amazon.com Inc. (NASDAQ:AMZN) would buy Whole Foods Market Inc. (NASDAQ:WFM) for 13.6 Billion dollars. However, that was not the case.

The likes of Wal-Mart Stores Inc. (NYSE:WMT), The Kroger Co. (NYSE:KR), Sprouts Farmers Market Inc. (NASDAQ:SFM), and so on are down significantly on the day. Which of course is putting pressure on the overall market. What do you think about the announcement?

MarketClub's Mid-day Market Report

Crude Oil is up on the day, but it's still 2.5% lower for the week. That would be its longest run of weekly losses since August of 2015. This comes as OPEC member Libya restored production and the surplus in the U.S. shows little sign of abating.

Key levels to watch next week: Continue reading "Amazon Makes A Bold Move" →

Tech Selloff Ruins Record Day

Posted on by The INO.com Team

Hello MarketClub members everywhere. The Nasdaq has fallen more than 1% today, retreating from an early record and turning sharply lower for the week. The technology sector has abruptly fallen this afternoon on what could be viewed as profit taking after the recent run-up.

The Dow is fighting to stay in positive territory for the day and week while the S&P 500 has turned slightly lower for the day and the week as gains in both financial and energy shares offset the losses in the tech sector.

MarketClub's Mid-day Market Report

Key levels to watch next week: Continue reading "Tech Selloff Ruins Record Day" →