Tag Archive: stock markets

Week Ends in a Rally

Stock Market Rallies for Second Week in a Row

by Idea go

I apologize for the lack of updates the past few days, my scheduling had me beat and I was unable to post updates. But now, I bring you good news at the end of this Market Week. The Stock Market rallied for the second week in a row and it is great news for us.

The Dow Jones today gained 166 points, adding onto yesterday’s rally. Although it dropped a little on Wednesday, it was not enough to stop the market from ending the week in the positive. The Dow currently sits at 11,644. We haven’t seen this number in a while because in the past, it seems that whenever we get close to a number this nigh, something happens in Europe and we all end up paying for it.

The NASDAQ Composite gained more than 47 points, or 1.8%. It currently sits at 2,667. The S&P 500 gained almost 21 points, or 1.7% and currently sits at 1,224. And the NYSE gained over a 121 points, and it sits in at 7,350 at the end of this market week.

This week has definitely given us a great push towards the 12,000 mark. Hopefully the momentum from this week doesn’t stop here and carries over to the next few weeks. It will give investors a great deal of confidence if the Dow can go back over the 12,000 mark, something we haven’t seen in months.

Gold has also been holding steady over the past few weeks between the $1,600 and $1,700 marks. Currently gold costs $1,680 an ounce. Surprisingly, the price of gold has gone up recently along with the stock market. Generally, they tend to have an opposite effect on each other. As the stock markets rally, gold usually drops, and vice versa. But this week was a bit peculiar with the price of gold and the stock market rally.

As predicted earlier, Apple (AAPL) has bounced back pretty well and has set new records over the past few days. Currently, apple costs $422 a share after gaining $13.57 a share, or 3.32%. Steve Jobs has left behind a great and very strong company and even though many investors and consumers felt as if Apple wouldn’t do as well without Jobs, many others knew that Apple was too big to be brought down. Apple will continue to thrive and I believe we will see this stock set bigger and better records for itself.

I am glad to be able to bring you some good news at the end of this market week. Hopefully things continue to go up in the coming weeks. What are your thoughts about what happened in the past week?

Yesterday wasn’t a very good day for the stock market. Stocks were rising early but after Federal Reserve Chairman Ben Bernanke’s announcement which consisted of very little detail as to what the central bank will do regarding the slow economy sent the stock markets plummeting.

Last night, President Barack Obama proposed his new Stimulus plan which would put $447 billion into the economy in the form of  income tax cuts and new government spending. And today, the stock market drops hundreds of points undoing all the positive we have seen at the end of August and at some parts of September.

This all comes after more bad news coming from Europe, such as a rumor going around about a Greek default as well as a resignation of a European Central Bank official. This takes confidence away from investors all around the world which resulted in the horrible trading day that we are experiencing. The news about Greece actually overpowered what President Obama proposed last night. The stock market should have gone up because the proposal was a step towards pushing the economy to recover faster, but the bad news from Greece made the President’s announcement last night almost insignificant. The proposal was supposed to have put confidence back into investors but instead, it was taken away.

Stocks Dive after news from Greece comes in

By Yahoo! Finance

The Dow Jones today dropped more than 300 points so far, or a 2.75% drop from yesterday. It is currently under the 11,000 mark and if the decline keeps up, we will finish below the 11,000 mark for the first time in weeks. The graph on the right provided by Yahoo! Finance shows the huge decline the Dow has seen so far today.

The NASDAQ Composite dropped more than 60 points or more than 2.5% from yesterday. The  S&P 500 dropped more than 30 points or 2.6% from yesterday. And the NYSE dropped more than 200 points or almost 3% from  yesterday. All of the indexes have seen big drops today, adding onto the negatives we saw all week long (except for Wednesday).

President Barack Obama’s proposal is supposed to get the economy rolling again, but will it be passed? Remember that this has to be approved by Congress and right now, Congress is controlled by the Republicans and they can very well shut down Obama’s stimulus proposal for various reasons.

One of the reasons for the rejection could be the government is spending all over again when they don’t have any money to spare. The $447 billion could be used in other ways, tax cuts may not be the best way to do it. The government is already in trouble with money and more spending could be a huge setback for the country even if it’s to stimulate the economy. We have seen stimulus packages comes out in recent history which were meant to stimulate the economy but they haven’t worked. Some have actually hurt our economy. Some reporters have mentioned that Obama’s proposal had nothing to do with the decline today, but it may have everything to do with it because of past failures.

Another reason for the rejection could be the Republicans just showing their power in congress. They have control and maybe they want to use it. Even though they all want to help out the country, they are still politicians and politicians will always try to outdo other politicians, and this isn’t party specific.

Whatever happens, we very much need the economy to bounce back. And it looks like the first full week of September will end in the negatives. But we still have time! We will have to see where this Stimulus proposal goes and hope that everything works out for the best. I know the economy will bounce back, it’s just happening later than I expected.

What do you guys think has to do with the decline today? Was it Obama’s proposal? Or was it Greece?

Stock Market Bull Market

By jscreationzs

We received news of a huge Hurricane heading to the east coast last week. It had 55 million people in its path. They name it, Irene.

The media told all of us that it could be a big one and could cause a lot of death and destruction. Although it caused a lot of destruction, it was far less than expected. I am here in Queens, New York and I can honestly say that I didn’t even see the storm as a hurricane. I know a lot of people would disagree, but my placement in New York was perfect because the Hurricane barely did damage.

Since Hurricane Irene didn’t cause much damage, the Stock Markets rallied. The damage was far less than previous expected and today investors felt good about the market. This good news came just a few days after FED Chairman Bernanke gave good news about the growth in the US Economy and said that we were going on the right path. With these two factors, the stock market rallied in every sector today.

The Dow Jones Industrial Average soared 254 points today finishing at 11,539 points. We are closing in on the 12,000 mark with the Dow Jones and I hope that the momentum continues throughout the rest of the week so that we can hit that 12,000 mark that we haven’t seen for weeks.

The NASDAQ Composite jumped more than 3.3% today with a gain of 82 points, finishing off at 2,562. The NASDAQ is getting close to its 52 week high of almost 2,900 and hopefully it does. It will signal a great time for the economy because it will truly point towards the fact that it is growing.

The S&P 500 saw a gain of 33 points finishing off at 1,210. And the New York Stock Exchange (NYSE) saw a gain of more than 204 points finishing off at 2,450.

The stock market saw gains everywhere.  Even the price of gold grew from when I reported it’s price Friday evening. I reported that the price of gold was about $1,781 an ounce in my article titled “Stocks Rally After Positive Outlook by FED Chairman Bernanke” on Friday. At this moment, Gold is at a steady $1,786 an ounce. As I mentioned last week, it seems that the price of gold is stabilizing. It has been around this price for days now. It has fluctuated greatly over the weekend, mostly because of Hurricane Irene, but it always goes down to the high $1,700 mark. And since Friday evening, Gold has only gained $5. It could mean that investors are putting their money in stocks and not Gold because they believe the price of gold will not go back up.

I believe that the price of gold will continue to fluctuate over the rest of the week. The price of gold is still very volatile and it can go up and down in huge amounts in short periods of time and without warning. I also believe that the overall average price of gold will continue to drop as the year passes. Lately, we’ve been around the $1,780 mark, and the average price should keep going down as investors see that the price of gold capped out at just over $1,900 less than 2 weeks ago and that the US Economy is on the right track to recovery.

Since I’ve been keeping my eye on Universal Display Corporation (PANL), I’ll give you an update. Today, it was one of the few stocks to actually go down. It only went down $0.49 a share. However in after hours trading, PANL saw another rise of $4.68 per share, or just over 9%. Earlier this evening, PANL has announced that they have made an agreement to work with Panasonic Idemitsu OLED Lighting Co. Ltd. Cooperation between companies is usually a positive thing and this time it was. Investors saw the opportunity  Universal Display Corporation (PANL) has given them because they just opened up to more revenue as the year passes. And now it’s that much closer to it’s 52 week High and I believe it will hit it and maybe surpass it this week if its momentum keeps up.

Overall, Today was a great day for the stock market. Let’s hope it continues for the rest of the week because the US Economy definitely needs a break after what it went through the last half of the summer. We almost went the other way with Hurricane Irene and we probably would have if the damage was any higher. I’m glad that Irene didn’t cause as much damage as previously thought and I hope that all of you and your families are safe!