The major indexes retreated as investors eased off of an inflated market, in the face of another battle in Washington - this time over the nation's debt ceiling. President Obama has said he refuses to negotiate. That's not sitting right with Republicans, who believe there must be federal spending cuts, in order to lower the nations exploding debt, especially after conceding massive tax hikes in last week's fiscal cliff resolution.
Heading into the last 30 minutes of the trading session, the Dow and S&P 500 were down .38% and the Nasdaq was lower by .16%. Alcoa (NYSE:AA) kicks off the earnings season with its 4th quarter report due out after the close tomorrow. That stock was down nearly 1-1/2% today. Applied Materials (NASDAQ:AMAT) was down 2.4% today after JP Morgan downgraded the shares based on lower semiconductor capital expenditures.
Tomorrow morning investors will be looking at a report due out on small business optimism, as well as consumer credit.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
The knowledge I've gathered has been well worth
Launch related slideshow:
Friday 1/30 Insider Buying Report: BK, MSFT
Thursday 1/29 Insider Buying Report: ALNY, SSB
Thursday 1/29 Insider Buying Report: VSTM, OKSB
Dow Movers: MSFT, V
Nasdaq 100 Movers: PCAR, AMZN
S&P 500 Movers: PCAR, BIIB
S&P 500 Analyst Moves: R
Dow Analyst Moves: CVX
Dow Analyst Moves: GE
Friday Sector Laggards: Textiles, Water Utilities
Friday Sector Leaders: Information Technology Services, Rental, Leasing, & Royalty Stocks
Thursday Sector Leaders: General Contractors & Builders, Education & Training Services
Friday's ETF Movers: GDXJ, ILF
XLF, QINC: Big ETF Outflows
HEDJ, PSAU: Big ETF Inflows
Daily Dividend Report: SPG, BRCM, HCP, FIS, XRX, DD
Daily Dividend Report: POT, AVB, RCI, DGX, PAG, XOM, V, MCD, HPQ, LMT, MCK
Daily Dividend Report: AAPL, WFC, IBM, EXC, BDX, JCI, NBL, GWW, PX
Fed Tapers Bond Buying
Nonfarm payroll Employment Up 175,000 in February
Initial Claims Decrease, Productivity 1.8% Annual Rate Increase in Q4
Weekly Market Wrap: January 9, 2015
Weekly Market Wrap: January 2, 2015
Weekly Market Wrap: December 26, 2014
Week Ahead Market Report: January 26, 2015
Week Ahead Market Report: January 12, 2015
Week Ahead Market Report: December 29, 2014