The Dow Jones Industrial Average was up 0.4%, over 100 points, on Thursday, while the S&P 500 rose 0.4% and the tech-heavy Nasdaq Composite gained 0.5%. Stocks jumped after a bigger-than-expected increase in jobs last month: The Labor Department reported that 4.8 million jobs were added in June—more than the 2.9 million expected. The unemployment rate fell to 11.1%, down from 13.3% in May. The jobs data for June was collected ...
Australian Forecast: Australian Dollar Could Face First RBA Rate Cut Since August 2016 The Australian Dollar heads into a new week battered by more feeble data and with more to play for at an RBA meeting than usual. GBP Forecast: Sterling (GBP) Price Outlook: Brexit Anger May Dampen Sterling Strength UK politics look set to re-assert themselves and Sterling is very likely to suffer. ...
The 2019 US equity rally has continued into this week, as the Dow Jones Industrial Average set a fresh three-month-high on Monday. Since then, prices have been pulling back but support has continued to hold with the index currently re-testing the 26k psychological level. At this point, short-term strategies will likely be focusing on bullish continuation themes, looking for 2019 strength to continue. On a longer-term or swing-basis, the ...
Each sector of the S&P 500 can be traded using its own exchange-traded fund. Here's how to buy and sell all 11. more...
Dow Jones Industrial Average closed up over 200 points on Tuesday. The move higher pressed into a zone of resistance near 17,928. Though we think prices will eventually dip into support zone 2 identified in last week’s report, the wave structure allows for price to bump up to 18,340 and still be considered corrective. In essence, we are looking for a downward corrective structure that eats up more time than price. In the meantime, ...
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