14Nov 2013

Markets rallied today, with the DOW and S&P 500 indices recording new highs after Janet Yellen, the US Federal nominee, told the Senate committee the Fed’s accommodative policies would continue as the economy remains fragile. The Labor Department indicated that there were 339,000 jobless claims filed, compared to expectations for about 330,000 new claims. Critics […]

13Nov 2013

The Stock market was up today with the DOW continuing its streak to close at a new record high of 15,821.63. The S&P was up 0.81% today, closing at 1782.00. NASDAQ was up 1.16%, closing at 3965.58. In commodities, gold was up 0.76%, and closed at $1280.80 per ounce.  Crude was up 0.74% and closed […]

12Nov 2013

Speculation about the Federal Reserve’s Quantitative Easing program seemed to dominate markets today. With the next FOMC meeting in December, many market participants are still unsure whether or not the Fed will begin tapering its stimulus program. Last week’s strong job and GDP growth report as well as the market’s recent positive performance have been […]

11Nov 2013

The stock market was up today with the Dow continuing its streak to close at a new record high of 15,783.10. The S&P closed near its record high at 1,771.85, continuing its fifth straight week of gains. Continued gains come from better than expected U.S economic growth and  jobs data  released last week. The U.S. […]