Tag Archive: slump

Stocks stay positive for the whole week

by jscreationzs

For the first time in a long time, we have had a full week of growth in the stock market. I honestly don’t remember the last time where the stock market went up every day for five straight days. Today marked the 5th straight day of winning in the stock market. Although I wouldn’t call today’s upward motion of the stock market a “rally” but it was still a positive days. Most stocks went up (although some still suffered losses) which resulted in another day of win in the sock markets all around the world.

The Dow Jones Industrial Average today finished with a gain of almost 76 points. It is over the 11,500 mark and it is getting closer and closer to our targeted 12,000 mark. There is still a long way to go and this weeks Rally of the stock market (after the 3 day slump we saw the week earlier), could trigger another sell off by investors because they may use this opportunity to sell at a moderately high price. Hopefully that won’t happen and investors continue to invest in businesses which would be great for everyone.

The NASDAQ Composite gained more than 15 points finishing at over 2,622 points. The S&P 500 Gained almost 7 points making this week the biggest gains for this Index since July. Currently the S&P 500 is at 1,216. And finally, the NYSE gained more than 19 points, finishing at 7,348 points.

Overall, today was a great day for the market. This turned out to be a great week for the market. I was hoping that the updraft in the market would stick for the whole week and it did. I had my doubts, especially earlier this week when we received bad news from Greece defaulting as well as losses here in the US. At first it seemed as if the negative trend from the prior week would continue into this week and I’m glad it didn’t. The little hope that we saw at the end of the Market day this past Monday triggered the rallies that we have seen all week long all around the world.

Lets hope that the momentum continues and goes over to next week and the following weeks to come. If consumers and investors keep doing what they have been doing this week, we will be on our way to economic recovery in no time. And if President Obama’s Stimulus plan actually gets passed and this time, actually works, we may see the unemployment numbers decline greatly in the next year. It would be great for President Obama with his reelection coming up and of course, it’ll be great for everyone else in the country as well.

Not all stocks prospered this week. I mentioned Netflix (NFLX) yesterday and how it dropped nearly 20 percent after reporting a loss of more than a million subscribers thanks to their new pricing. Netflix’s (NFLX) negative momentum carried over to today and it saw another big drop. This time a drop of over 8.3%, or $14 per share. It is getting closer and closer to its 52 week low. The drop wasn’t as big today as yesterday which could be a good sign that the drop will eventually stop and then slingshot back upwards. It won’t be the first time we have seen that and I won’t be surprised if Netflix recovers just as quickly. It is still a huge company with a lot of stock power in the market, I don’t think Netflix is going anywhere any time soon.

One stock that rallied and had a great day today was Amazon (AMZN). Amazon gained more than 5.5%, or $12.50 per share. It’s current price is $239.30. This week turned out to be pretty good for Amazon and the news from Netflix helped Amazon grow as well.

Unlike last week, I’m glad to saw that this week ended on a very positive note. Lets hope that everything continues into the coming weeks. The holidays are approaching soon and if we can get consumers to spend and investors to invest more, we should be able to pull ourselves out of the recession that we put ourselves in several years ago. Keep a positive mind out and we’ll be out of trouble in no time!

What do you think will happen to the stock market in the coming weeks? Will we be able to go over the 12,000 mark soon? Or will we plummet back below the 11,000 mark that we have fought for this week?

Stock Market Lowers on Job Report

By Idea go

The government is due to release August’s Job report tomorrow. As a result, the stock market has gone down a bit as investors become wary about tomorrow’s report. Investors are predicting that the jobless rate will be up another 0.1% to 9.2% compared to July. They also believe that fewer jobs were added in August compared to July. These worries have sent the stock market to the red side today. We might actually finish in the red today if some good news doesn’t come out in the next 2 and a half hours.

But this little slump isn’t bad. The stock market is a volatile playground and it is due to go up and down from one day to another. The little drop we have seen so far today won’t undo the huge gains we have seen over the two weeks. And overall, today is a slow day for trading in the stock market.

So far, the Dow Jones Industrial Average has dropped 22 Points and the NASDAQ Composite has dropped almost 11 points. The S&P 500 has dropped just 3 points while the NYSE has dropped almost 18 points.

If the news tomorrow is worse than expected, we can assume the stocks to keep going down tomorrow. However, I don’t think it will be enough to undo any of the gains we have seen in the past 2 weeks. I am also hopeful that the report tomorrow is better than expected. If that’s the case, we can expect the stock market to rally once again and we can also expect that momentum to carry over to the beginning of next week.

The stock market did see an increase earlier today and hopefully, it will bounce back. We have had a day like this earlier this week on Tuesday. The stock market was at first down but by the closing bell, it finished in the green, even though the gain was very little compared to the rest of the week. We could see the same today because the losses so far haven’t been that great and we are very close to the borderline of the green zone. We will have to keep monitoring the stock market to see where everything lands.

All in all, not much has happened today. The slump comes from speculations of what will be released tomorrow. The only way to find out the actual job report is to listen to a report of the report or be there when the government announces it. Hopefully it’s good news, or hopefully it’s not too bad. I don’t think the news will have a huge negative effect on the markets for tomorrow or next week, but you never know.