Tag Archive: s&p 500

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.

AT&T and T-Mobile Merger Stopped

By digitalart

AT&T’s plan for Global Domination has been stopped by the Justice Department earlier today. Global Domination may be over exaggerating but the merger with T-Mobile would make AT&T the largest cell phone service provider in the United States. AT&T is currently the number 2 provider while T-Mobile stands in at Number 4. The deal has been discussed for some time now and it has had a lot of opposition from rival companies to individuals who wouldn’t want to see another oligopoly set up because it would spike up prices for all of our wireless bills.

I am glad the Justice Department blocked the merger. It would have meant far less competition and it could have turned out to be a huge burden on the consumers. T-Mobile was looking forward to the merger because they have struggled at the number 4 position, behind Sprint at Number 3 and Verizon at Number 1. However, AT&T promised T-Mobile $3 billion in case the deal fell through. Hopefully AT&T keeps their word and pays T-Mobile so that T-Mobile can keep competing with the big names.

AT&T may also challenge the actions of the Justice Department in court in hopes that a Judge would reverse the decision and allow them to go forward with the merger. I hope that they don’t proceed with the case and even if they do, I hope whatever Judge they get deny their request. Giving AT&T more power is a bad idea. They have tried to set up a monopoly years ago but it was stopped and this deal needs to be thrown out.

After the news came in of the merger blog, AT&T (T) stocks fell 4.5% to $28.30 a share. Sprint (S) stocks on the other hand, increased 8% to $3.84 per share. And Clearwire Corporation (CLWR) also grew 7% and is now at $3.08. AT&T Stocks will most likely stay in the red for the rest of the day because of the bad news. But just like Apple (AAPL), AT&T is a big enough company to bounce back just as quickly. I will follow the news of AT&T and T-Mobile as they come in over the next few days, let’s hope it’s good news. If anything, some of the big companies need to be split up into smaller companies to increase competition. It would be great for the consumers if they have more than a few choices for their wireless plans because it would drive prices down greatly.

But it’s unlikely that these companies will be split up every more. We’ll have to look at the rest of the stock market world for hopes to making and saving money.

So what’s going on with the stock market besides the blockage of AT&T and T-Mobile?

As predicted over the past few days, the momentum of the stock market has kept up. So far today, the Dow Jones Industrial Average increased another 92 points and is currently standing at 11,652. The NASDAQ Composite so far grew more than 13 points and is at 2,589. The S&P 500 grew more than 11 points and the NYSE grew more than 96 points so far.

The day isn’t over yet, anything can happen. But I believe the stock market will stay in the green mainly because consumers and investors are hoping for a new Federal Stimulus in the near future. Even though the economy is slowly growing, it’s still weak. Many investors are hoping for the stimulus from the Federal Reserve even though Fed Chairman Ben Bernanke didn’t signal or indicate that there will be another stimulus coming our way.

Either way, the stock markets seem to be benefiting for now. I don’t know if the Stimulus will actually help the economy in the long run. The government has to get the money somewhere and just printing money without backing by resources would just lower the value and end up having a negative effect and could cause inflation to rise faster. I know some are saying that the government already has the money and that it will most definitely help, but I guess I will be convinced when I see it.

Until more news comes out, I believe it will keep going up and the Dow Jones will get closer to the magic 12,000 mark that we haven’t seen for a while. The market will most likely stay in the green for the rest of the day and hopefully the rest of the week.

Stock Market Going Up and Down Today

by jscreationzs

Earlier today, it seemed as if the momentum of the stock market has stopped for a bit. The Dow Jones Industrial Average was as low as 11,429 today, more than a 100 points below its previous closing price of 11,539. Even with the big swings today, the Stock market finished at a positive with the Dow Jones gaining just 20 points, finishing at 11,559.

The NASDAQ Composite gained just 14 points, finishing off at 2,576. The S&P 500 gained less than 3 points finishing at 1,212. And the New York Stock Exchange (NYSE) finished at $7,462 with a gain of 13.7 points.

It was a fairly slow day in terms of gains for the overall stock market. Most of the banks in the banking sector went down in value including Citigroup (C), Huntington Bancshares Inc (HBAN), JP Morgan Chase (JPM), Bank of America (BAC), and Goldman Sachs Group (GS). They’ve all dropped, but not that much. The drop in the banking sector contributed to the very slow and small gains of the stock market today. The Volume of trades were also low throughout the stock market today. But it could be just the world slowing down for today. I believe that the next three days of trading will be better, well at least I hope it will be better.

After my report yesterday, Gold price was at a steady $1,786 an ounce. Today, it saw a bit of juice as the stock market was going up and down all day long. Currently, Gold is standing at $1,838 an ounce. It gained just over $52 an ounce since yesterday. Slow gains in the stock market usually means a decent gain in Gold. I’m sure gold would have been higher today if the stock market stayed in the red all day. And I am still sticking to what I said yesterday, I still believe the overall average price of Gold will continue to decrease over the next few months. The economy is still recovering and there has been talks of more economic stimuli to come our way which will most definitely help the economy grow a little faster.

Even with the volatile stock market today, we saw small gains. I am thankful that we saw gains. We need to keep the green streak going and keep the momentum up. A positive attitude about the growth of the economy and what we can do to stimulate it can go a long way. Today was a slow day, hopefully the rest of the week sees some more action and sees more green!

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!

Market Down Graph

By Idea go

Monday, Tuesday, and Wednesday, the stock market rallied gaining several hundred points. Today, the market took a tumble, but the good news is, we’re still above the 11,000 mark with the Dow Jones. The market will go up and down throughout the week so this drop isn’t a big surprise. The stock market rallied for 3 days in a row and a small drop is OK. Let’s just hope that the downward trend doesn’t continue over to the next few days of trading.

The Bernanke announcement is supposed to take place tomorrow. This is one of the few factors that influenced the market to go down today. It’s not a bad thing, it just means that investors are being cautious with their investments. If the news announced tomorrow is good, we can expect to see the stock market rally even higher tomorrow and the coming week. I still believe that the market is recovering, even though it has been very slow so far.

We’ll see what happens with the speech tomorrow and I will try to post an update on the speech when I can. But now, let’s get to the numbers of the stock market for today.

The Dow Jones Industrial Average fell more than 171 points finishing off at 11,149. We’re still past the 11,000 mark and I believe that we can stay here for some time.

The NASDAQ Composite also dropped almost 2% or 48 points finishing at 2,419. The S&P 500 fell 18 points or just over 1.5% finishing at 1,159. And the New York Stock Exchange (NYSE) fell 123 points finishing at 7,149 for the day.

Not everything fell. The banking sector saw gains after Warren Buffet announced earlier that he will be lending Bank of America (BAC) $5 billion (from Berkshire Hathaway). As a result, some banks saw significant increases. These small increases also kept the overall stock market from dropping even lower than it has so far today. Bank of America (BAC) gained more than 9% in value today finishing at $7.65 per share. Citigroup (C) also shared benefits with an increase of 4.85% with an extra rise so far in after hours trading putting the stock just a few cents short of the $30 mark.

As mentioned yesterday, Apple stocks dropped after Steve Jobs announced his retirement. As predicted, the downward momentum of Apple carried onto today and the stock fell another $2.46, finishing at $373.45. It’s not over for Apple. As investors become more familiar with Tim Cook, I believe that Apple will bounce back. In fact, a lot of investors are saying that Apple stocks are on the ‘bullish’ side, which is very good.

I’ve mentioned Universal Display Corporation (PANL) a few times this week as I have been keeping my eye on it. And as also predicted for this stock, it has been going up and up. Today it increased more than 15% finishing off at $46.73. It’s even closer to it’s 52 week high of over $63. I don’t own any shares of Universal Display Corporation, but I wish that I did have the money to invest while it was a little lower just at the beginning of this week. I believe that the momentum will continue as investors put more money into the company and stock value rises. Eventually it may balance out as investors try to sell the stock high after buying it low.

So what’s happening to the price of gold?

Gold prices have been dropping all week long due to the rallying the stock market has been doing. But today, it saw an increase. Earlier today, Gold price was actually down. Around the same time yesterday, I reported that the price of gold was down to $1,758 an ounce. Right now, the price of gold is at $1,769. It gained roughly $11 from yesterday. This shows that some investors have been using the decrease of value of gold over the past few days to put more money into this gold bubble because they believe the price will go up. They may not be wrong, and if they are right, they could be in for big profits.

If the announcement by Bernanke tomorrow is good and it gives the American public hope for a better future, then we can expect the price of Gold go to down even more, and the investors who invested at $1,758 may regret it. But if the opposite happens, they could be very happy investors.

 

Today wasn’t the best day of the week for the stock market. But we still have one more market day to go and hopefully the stock market pulls back. I am hopeful that what Bernanke has to say in tomorrow’s announcement is positive and let’s hope that it’s the case. I don’t think America can afford to go down in another recession.