Tag Archive: dow jones industrial average

A ton has happened over the past two days in the world of business. Yesterday wasn’t a very good day for the stock market as we saw declines in almost every sector. Today was a little different. New things were announced and overall, it was a good day.

The Dow Jones Industrial Average saw a gain of more than 143 points, or 1.3% after yesterday’s decline. It didn’t fully recover but hopefully it will get there soon. Currently the Dow sits in at 11,153 points.

The NASDAQ Composite saw an opposite motion. It saw a loss of just under 11 points. It’s not a big loss so it basically remained flat from yesterday but the 11 points adds on to the losses the Nasdaq incurred yesterday. The S&P 500 gained more than 9 points and the NYSE gained almost 98 points. So far, the markets haven’t recovered from yesterday’s drop but at least we saw gains today in most areas.

Gold also saw a decrease over the past two days. Since reporting last on Tuesday, gold price has dropped $34 and it is currently priced at $1,620 an ounce. Gold is going lower and lower and I think it will keep decreasing over the coming weeks and months. It is great to see the price decrease because it shows us that investors are putting their money in other places, perhaps places that will help our economy a lot more.

But what’s with the fire in the Amazon?

 

Amazon Fire Computer Tablet

AP Photo/Mark Lennihan

Relax, there is no fire in the Amazon rain forest, but there is a fire in the Amazon (AMZN) that we all know and love around the world. Yesterday Amazon gave us some great news which makes them even more ‘investment’ worthy. They announced the release of their new computer tablet, the Amazon Kindle Fire. The picture above gives you a glimpse of the pad. From the looks of it, it looks like another tablet that will cost us $500, right? Wrong!

The surprise comes in the price. Amazon (AMZN) expects to start selling the Kindle Fire at just $199. It has a 7″ screen which is smaller than the Apple iPad but it costs less than half of what you would pay for the iPad. Speaking of the iPad, the Kindle Fire is expected to compete with the iPad and from the looks of it, it looks like it will be a great match. The Kindle Fire is small, attractive, seems to be able to do a ton of things, and best of all, it’s much cheaper than the iPad, which makes it even more appealing.

I currently don’t own any tablet PCs, but this is something that I would not mind getting for myself. If I ever get it, I promise to post a personal review on Stocksicity. And because of this new announcement, investors have another reason to invest in Amazon. The Kindle Fire is scheduled to be launched on November 15, 2011 and you can pre-order on the Amazon.com website.

Amazon has great news but your banks may not. Bank of America (BAC) is the country’s biggest bank and earlier they announced that they will charge all customers a $5 fee for using their debit cards. This is one way Bank of America (BAC) will try to increase profits as new regulations come to effect.

Bank of America isn’t the bank trying this. JP Morgan Chase (JPM) and Wells Fargo (WFC) will be testing this out too by charging $3 a month. Other regional banks are trying the same to increase profits. It most definitely will not hold great with banking customers. I don’t know about you, but I hate paying fees for my bank. It’s enough that they use my money to lend others and charge huge interest while giving me a worthless 0.05% interest for my savings account, and I definitely don’t want them to charge me extra for using my debit card.

This might come back to either haunt the banks by driving away customers or work out great for them because they could end up making millions of dollars from the customers who don’t have a problem with this. But we will have to wait and see where things go after the new fees are put into effect.

Today was a very interesting day with news coming in from many sides. The Amazon Kindle Fire looks like a great piece of technology that could have a great impact. It’s something I am very much looking forward to.

What do you think about the Amazon Kindle Fire? Will you be getting it? What are you thoughts on the new Debit Card fees your bank may impose on you?

Market Goes Down as Traders look on

by Vlado

The stock market for the past 3 days have been very disappointing. During the end of August and for some time in September, we though the Global Economy was recovering. I had great faith in the economy and its recovery. I was aware of all the issues in Europe regarding Greece and its Default crisis but nonetheless, I thought they would get things solved by now. But not much has happened and over the past few days, one of the biggest economic leaders, China, showed slow in its economic Growth as well. Everyone excepted at least China to do a lot better than the rest of the world but it doesn’t seem to be the case.

So are we doomed?

I don’t think we are, not yet at least. Although the global economy experienced a huge setback dropping almost 400 points yesterday (Dow Jones Industrial Average), and about 4% everywhere else, we are still hanging in. We are still in better shape than a few years ago when the Dow Jones was a few thousand points lower than it currently is now. And unlike a few years ago (2008), the plummet we experienced yesterday didn’t carry over to today. We did see gains today, but they were minimal.

The Dow Jones gained just 37 points which really isn’t anything compared to the drop it experienced on Wednesday and Thursday. The NASDAQ Composite gained just 27.5 Points. The S&P 500 gained less than 7 points. And the NYSE gained 44 points.

I know we were aiming for that 12,000 mark with the Dow but it’s currently sitting at 10,771. We were just a few hundred points away and now we’re well over a 1000 points from our goal. But I still think it can happen.

Investors are worried all over the world that things may be collapsing soon. So they are mass selling their assets in order to maximize profits or minimize losses. The stock market is very volatile now. It dropped about 500 points in two days very easily, although it didn’t bounce back today, I think it will soon because this is a great time for investors to buy low.

So why don’t I think that the economy is doomed? (Not yet at least). Because I’m looking at Gold. Generally in times of crisis like this with huge sell offs, the price of commodities like Gold and Silver tend to see massive gains but over the past few days, they have been going down. It shows us that investors aren’t putting their money in Gold which happens to be the best thing to invest in because the price always seems to be dependable. Of course they could just be selling and buying something else to store, but what?

I last reported about gold in the article I wrote after About the Stock Market After the Labor Day Weekend. It was almost three weeks ago. We would expect the price of gold to keep going up after what we have seen the stock markets do over the past week or so, but nope. I last reported the price of gold to be $1,877 an ounce. It was very expensive, near its record high of just over $1,900. But over the past few days, gold has been dropping. The Gold Bubble could be collapsing or it could be something altogether. Currently gold costs $1,642 an ounce.  That’s $235 less than what it was just three weeks ago.

So what does this mean?

It could mean a few things. First, the economy is actually recovering and investors (as well as consumers) are just overreacting. If this is the case, we can expect Greece to get out of its crisis soon and we will see rallies again.

It could also be the Federal Reserve’s plan to pump $400 billion into the economy and people are trying to invest something on that end instead of Gold. Which may be weird but I’m not complaining. Lower prices just mean I can buy my mother gold jewelry at a cheaper price.

Today ended the market week. It wasn’t a very happy ending, but at least it wasn’t sad like yesterday. Don’t lose hope. As I always say, a positive mentality can go a long way. We have seen some of it in the past when we all thought Greece was out of trouble or when we believed that President Obama’s stimulus plan was a great idea and that it would help. Nothing in reality has changed, those ideas are still there, but the mentality just changed. If we can shift it back towards the positive (the entire global economy that is), I’m sure we can turn things out.

What do you think about this week in trading? And what do you think may be going on with Gold dropping along with everything else?

Stock Market's Rally For 4th Straight Day

by Idea go

The Stock Market rallied once again today seeing gains all over the world. The rally followed the ease of tension from Europe, more specifically, Greece. Today was definitely a great day for the stock market in most sectors. Not all stocks gained today, some lost pretty big, like the title suggest, Netflix lost huge. But overall, it was a great day. Today marked the 4th consecutive market day where the stock market went up. We still have one day left, we’ll have to see if we can keep the streak  up and have this week be “undefeated” in a way.

The Dow Jones Industrial Average saw a gain of more than 186 points, finishing at over 11,433. It is once again getting closer to the 12,000 mark that we have been going towards for weeks. Every time, something happens in Europe or Asia, or even here in the US that messes things up and sends the stock market hurdling downwards.

The NASDAQ Composite gained more than 34 points finishing at over 2,607. The S&P 500 gained more than 20 points finishing at over 1,209 points. And the NYSE gained almost 130 points, finishing at over 7,329.

In Europe, the DAX saw gains of over 168 points, which is more than a 3% increase. The CAC 40 gained over 96 points, more than 3.2% increase. And in Asia, we have the Nikkei gaining more than a 150 points.

The stock market rallied all over the world. But as the title points out, not every stock saw gains. Netflix saw huge losses of almost 20 percent after they reported losses in subscribers and their new increasing pricing. Netflix dropped almost $40 per share, which is more than 19% (market and after hours trading combined). Currently, Netflix is sitting at $169 per share. It is pretty close to its 52 week low of  $140.

Netflix (NFLX) is a strong stock in my opinion. I have kept my eye on it for years and unfortunately, I never invested in them. When I first laid my eyes on them, they were worth just over $50 a share. Then I watched the stock go up and up and up until it surpassed the $300 mark and I did regret not purchasing. I definitely didn’t know When the right time would be to invest in that stock.

Since Netflix (NFLX) is a strong stock, it will bounce back up just as quickly. Sure they may have lost a lot of subscribers, but the drop of 20% from the market price will attract investors who wants to buy low to sell high. The opposite can also happen, it could keep dropping because investors believe that Netflix will keep losing subscribers due to their new pricing. I don’t know what will happen, anything I say with any certainty will only be speculation.

The Banking sector today saw big gains. Citigroup (C) saw gains of more than 4.3% and Bank of America (BAC) saw gains of almost 4% itself. JP Morgan Chase (JPM) as well as Goldman Sachs (GS) saw gains of more than 3%.

The gains in the sectors allowed the stock markets to rally. Not all sectors went up easily, the Solar Energy sector went down for the most part but not too significantly today.

Today marked the 4th straight day of positive marketing. This could be a good sign for the future of the stock market. Lets hope that the momentum continues onto tomorrow and next week. We have seen enough red in the stock market this year and I believe it’s time to come out of the slump. As I said before, mentality can play a huge role in how the stock market does. So lets keep the positive thinking up as both investors and consumers and help the global economy out of its recession!

Feel free to share your thoughts on the rally that we have been seeing. Do you think it will last? Or do you think it will drop?

Stocks Rally Right Before Obama's Stimulus Announcement

by Idea go

As I said yesterday, whenever the stock market goes up in one direction just a little too much, it’ll balance itself out by going the other direction. For almost 2 weeks, we saw the stock market rally and get very close to the 12,000 mark. And just as quickly, it went back down below the 11,000 mark for a short time. And for the past 3 days, the stock market plummeted several hundred points, basically undoing what the 2 week rally did for us. But today, comes the re-balancing once again.

The stock market has so far seen huge gains today all around. About a 2% increase in the major Indexes, this comes after a 3 day plummet that carried over the Labor Day Weekend.

The Dow Jones Industrial Average so far has seen an increase of more than 220 points and is now sitting at 11,361. That’s a perfect 2% increase from yesterday where it suffered a significant loss.

The NASDAQ Composite is currently at 2,535 after a gain of more than 61 points, almost 2.5%. The S&P 500 so far has risen 27 points, or more than 2.3% and is closing in on the 1,200 mark once again. And the New York Stock Exchange (NYSE) has seen an increase of more than 168 points and it’s currently value is 7,316.

All of this comes after President Barack Obama announces that he will propose a new stimulus to create jobs. This job-creation package is contain more than $300 billion in tax cuts and government spending as reported by the Wall St. Cheat Sheet. This announcement has allowed the stock market to rally like it has today. And unless something drastic happens, we can expect the stock market to stay in the green for the rest of the day.

The proposal is due to come out tomorrow, we will have to see exactly what the proposal entails and determine whether it’s a good idea or bad idea for the economy. Why would it be a bad idea? Well, this wouldn’t be the first stimulus the government has given out in the past few years. The other stimuli were supposed to help stimulate the economy and encourage consumers to spend. They were supposed to take us out of the mini-depressions that we keep experiencing. This stimulus plans to do the same but I am not sure how successful it will actually be.

The economy however, sees the stimulus as good news, thus triggering a rally for the stock market. The stock market may rally tomorrow as well as Friday because of this announcement. This will give investors hope that consumers will start spending again and the economic recovery will speed up. The stimulus isn’t set to come until 2012, so the spike we will experience may be temporary, but it will be a spike nonetheless. If the stock market goes up too much in a short period of time, we can see it balancing itself out again in the near future, like it has done today.

Well President Obama, I hope that the stimulus idea will help the economy. You don’t have much time left to prove that you deserve to be reelected for a second term, and if this works out well, I am sure you won’t have much of a problem for November 2012.

My readers, what do you think about the Stimulus proposal? Do you think it’s a good or bad idea?

Stock Market Continues to Drop

by jscreationzs

As we feared, the downward momentum from the end of last week has continued into this week. Today is the third market day in a row the stock market has been in the red. The market has seen huge drops earlier, with the Dow falling about 4%. But as the markets closed, the losses were minimized and current prices of the four major exchanges are reported below. What has made the downfall even worse is the bad news that has come in from Europe. Investors have doubts about the economies of Italy and Greece.

The Dow Jones Industrial Average fell below the 11,000 mark once again, for the first time in the past 2 weeks or so. Currently it is standing at around 11,139 with a drop of more than 100 points or 0.9%. This definitely is a setback from the huge gains we have seen before the market started its downward spiral last Thursday.

The NASDAQ Composite fell about 6.5 points today and stands at 2,473. The S&P 500 has dropped more than 8 points and is standing at 1,165. And the New York Stock Exchange fell more than 102 points or an almost 1.4% drop and is sitting at just over 7,148.

The market week definitely had a bad start and the weather in the North East doesn’t make it seem any better. At least at the end of last week, the blue skies and outside activities gave people a reason to be out and shop, but today, businesses will suffer on both ends, from the stock market and the consumers being held inside due to pouring rain.

The price of Gold hasn’t changed much since I last reported on Friday. The price of gold is currently $1,877.30, just under a $1 less than what it was on Friday. However, at one point today, the price of gold was well over $1,900 nearing its record. It dropped a little because investors found the opportunity to sell near its highest point. But if the economy in Europe, and in the United States, continue to bring bad news, we can see gold prices remain at its current high price or even go higher.

All of this comes after a long Labor Day Weekend. The bad start seems like what we saw at the start of August. But I am not too worried. These things happen and they will continue to happen. As I mentioned plenty of times, the stock market tends to balance itself out after a point. It rallied for almost two weeks and now it is just balancing itself out again. We just have to hope for the balance to increase in its average price and I believe it will happen sooner rather than later.

The bad news about the job data came in on Friday and I believe that the job report for September 2011 will be better. I also don’t think that we will have to wait for October to get some relief from the stock market’s downward spiral, because the market will balance itself out again and rally again even if it’s for a short time.

All we can do now is hope that the future is better for all of our sake. The stock market is volatile now and as always, this could be the perfect time to invest. And as always, be sure to do your own research because the more volatility that exists, the more risk you’re taking with your money.