The US indices have all been positive for some time, but there was a little bit of bifurcation between them all. This is a situation that suggests we are trying to work off some of that froth after the big run higher in these markets.
The US indices are all looking like the next move is higher, but this makes sense as the “Santa Claus rally” is a real thing this time of year, and now we don't have many announcements to watch out for, with the exception of the Fed next week – which
Higher interest rates have pressured home sales over the last few years, which has weighed on the performance of housing stocks. But the tide appears to be turning.
The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the “Neutral” zone on Thursday.
It's been a banner year for the stock market. However, not every stock has been a winner as some sectors performed better than others.
U.S. stocks traded lower toward the end of trading, with the Dow Jones index falling around 200 points on Thursday.
Major US equity averages fell on Thursday as investors assessed a hotter-than-expected producer price index reading for November. At the time of writing, the Dow Jones Industrial Average was down 0.2%, and the Nasdaq Composite was also 0.2% lower.
The indices in the United States all continue to look strong over the longer-term, but at this point in time, we market will continue to see a lot of volatility, but it looks like we are getting a bit of a pullback in order to build momentum.
The US indices that I follow here at FX Empire are all likely to see a lot of upward momentum sooner or later, as we are getting closer to the so-called “Santa Claus rally” that so many people pay close attention to.
DOW anticipates getting about $2.4 billion in initial cash proceeds from the sale of its 40% minority equity interest.
It has been a rough year for the commodity chemical giant Dow (DOW -1.29%). The stock is down about 23% year to date at the time of this writing -- and 13% in just the past month.
The Dow Jones industrial average is a price-weighted average of 30 blue-chip U.S.