Acampora thinks Wall Street is a believer in Trump pro-business promises By Mark DeCambre, MarketWatch Prominent market technician Ralph Acampora thinks the stock market has more room to run over the near term, despite a trend that has seen the Dow steadily walk back from the psychologically significant level of 20,000. Acampora told MarketWatch on Monday that the Dow Jones...
Acampora thinks Wall Street is a believer in Trump pro-business promises By Mark DeCambre, MarketWatch Prominent market technician Ralph Acampora thinks the stock market has more room to run over the near term, despite a trend that has seen the Dow steadily walk back from the psychologically significant level of 20,000. Acampora told MarketWatch on Monday that the Dow Jones...
By Leslie Shaffer, CNBC The dollar dropped in Asia trade on Monday after newly sworn-in President Donald Trump announced plans to implement a protectionist agenda. On Sunday, Trump said he planned to re-start negotiations with Mexico and Canada over NAFTA, or the North American Free Trade Agreement, which came into effect in the early 1990s. Additionally, Trump said he would...
More of the same from the market last week, which is neither a good thing or a bad thing. Stocks have been stuck in a narrow sideways trading range since mid-December, and that's yet to change. Indeed, if anything the range has become slightly tighter. The good news is, the indices are reaching a point where there's not a lot...
More of the same from the market last week, which is neither a good thing or a bad thing. Stocks have been stuck in a narrow sideways trading range since mid-December, and that's yet to change. Indeed, if anything the range has become slightly tighter. The good news is, the indices are reaching a point where there's not a lot...
Kudos to Netflix (NFLX) for another strong quarter of subscriber growth, and congratulations to NFLX owners who have benefitted from the bullish response to that report. Specifically, NFLX is up 5% and into record-high territory on the heels of news that Netflix added 5.1 million members last quarter, which is the biggest quarter – in terms of growth – the...
Kudos to Netflix (NFLX) for another strong quarter of subscriber growth, and congratulations to NFLX owners who have benefitted from the bullish response to that report. Specifically, NFLX is up 5% and into record-high territory on the heels of news that Netflix added 5.1 million members last quarter, which is the biggest quarter – in terms of growth – the...
Sales drop 1.9% from November, far more than forecast Accelerating inflation may damp consumer spending this year By Jill Ward, Bloomberg U.K. Chancellor of the Exchequer Philip Hammond told a Davos gathering on Friday that an inflation pickup will put a damper on consumers this year. The first signs may already be appearing. Less than an hour before Hammond spoke,...
Sales drop 1.9% from November, far more than forecast Accelerating inflation may damp consumer spending this year By Jill Ward, Bloomberg U.K. Chancellor of the Exchequer Philip Hammond told a Davos gathering on Friday that an inflation pickup will put a damper on consumers this year. The first signs may already be appearing. Less than an hour before Hammond spoke,...
After an initial post-earnings bounce, IBM is headed for a gap-lower open. By Gary Morrow, TheStreet.com IBM (IBM) initially surged following its better-than-expected earnings report before losing momentum early in the overnight session. Heading into Friday's opening bell, the stock is headed for a very damaging gap-lower open and is leaving behind a ominous top near $170. If the stock...
