Markets Closed Up Markets closed up as Santa finally arrived on Wall Street this past week, and it was certainly a nice and fitting finish to the holiday week. With a flourish of activity on the last day of trading before Christmas, we find that the Dow Jones Industrial Average is presently perched at a five-month high. And with ‘Comet’ and …
Stocks Close Down as Santa Drops a Lump of Coal in our Stockings
Stocks Close Down So much for the so-called ‘Santa Claus’ rally as stocks close down this past week as investors were treated to a big lump of coal in their stockings as all the major equity indexes were down on the week. Sentiment was particularly negative the first three days of trading for the past week as Moody’s Investors Service and Fitch …
Stocks Gain as Markets Continue the Skittish Rally
Stocks Gain Stocks gain as the stock market managed to rack up a second consecutive week of gains even as the euro zone’s latest band aid to fix its debt crisis was met with timid responses. Hopes were high for another one of those last-minute, big-deal breakthroughs that would ultimately save the day for the European union, and by the …
One Big Monster Stock Market Rally
Stock Market Rally It was one ‘heck’ of a stock market rally this past week, as equities had their best weekly showing since the fall of 2008. Thanks to strong retail data from black Friday; signs that the European leaders were moving towards a resolution of that continent’s debt crisis; and a better-than-expected employment report, stocks took off for the …
A Turkey of a Week as Indexes Close Down
Indexes Close Down It was a ‘turkey’ of a week for all stock investors during the Thanksgiving holiday season, as indexes close down over the never-ending European-debt crisis, along with the congressional super-committee’s failure to reach an agreement on reducing the federal deficit. Stocks had their worst Thanksgiving week since 1942, the year the U.S. officially set the holiday at its current …
Sovereign Debt Worries Send Equities Lower
European Debt The story for stocks continues to be pretty much the same that it has for some time now. Worries over the growing European sovereign debt issue have equities falling lower and lower, albeit on thin trading volume. Even with some better than expected economic news in the U.S., it wasn’t enough to convince investors to begin buying stocks, …
Another Rocky Week Sends Stocks Slightly Higher
Last week proved to be another volatile and emotionally driven one, as stocks continued to show signs of increased volatility. The latest worry was the country of Italy and its possibility of defaulting on its debt. The story in Italy is basically the same as the story in Greece, except that it’s much larger which means that it’s potentially far worse. …
Stocks Finished Lower as Markets Continue to Yo-Yo Around
Stocks Finished Lower Stocks finished lower on the last trading day of October, although the major indexes were still up sharply overall for the month of October. The earlier favorable economic news and the apparent progress on the Greek debt helped stocks have one of their best Octobers in several decades. The Dow was up 9.5 percent for the month …
Stocks Have Best Month in 25 Years
Stocks Surge Stocks surged this past week thanks to a new plan to resolve the European sovereign debt crisis, as well as data showing that our own U.S. economy expanded by some 2.5% in the third quarter, which is the fastest tally by far this year. Stocks have now surged some 17% since October 3 and are just a slight …
“On The Record with Donald Rice”
Read the interview of Money Management Services President and CEO, Donald R. Rice, published in The Birmingham News, revealing who he is and how his one email to U.S. Representative Spencer Bachus landed him face to face with the Congressman discussing how proposed legislation…