Category: Stock Market News

Despite the firm selloff in the major indexes from record highs Thursday, the Arms Index, used to measure buying or selling intensity, suggests investors are in a buying mood. On big down days, the Arms tends to rise above 1.000, as the ratio of down volume to up volume rises relative to the ratio of declining stocks to rising stocks. But the NYSE Arms has slipped to 0.648 and the Nasdaq Arms is at 0.876, a sign that buyers on the dip have been more aggressive than sellers. The Nasdaq Composite Index is threatening to fall the most since August, while the Dow Jones Industrial Average and the S&P 500 are on track to fall by the most in more than two months. Those moves came as the CBOE Volatility Index , a measure of implied volatility, jumped 12% to trade at 10.95, still far below its historically average at around 19.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Overstock.com Inc. shares shot up 22% in active afternoon trade Thursday, putting them on track to close at a 12 1/2-year high, after the online discount retailer’s third-quarter report. The shares have now rocketed 168% over the past three months. Chief Executive Patrick Byrne said in statement that around a the end of 2017, he would be exploring a hybrid business that includes some form of a “click-and-brick,” or online-plus-brick-and-mortar model, or a strategic partnership with a “the right large partner.” Byrne is Overstock’s largest shareholder, with 6.62 million shares, or 26.5% of the shares outstanding, according to FactSet. The stock’s rally could have increased the value of his stake by $58.5 million on Thursday, and by $203.1 million over the past three months. In comparison, shares of online home furnishings company Wayfair Inc. have tumbled 21.5% over the past three months, and the S&P 500 has gained 4.2%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Gold on Thursday marked its highest settlement in more than three weeks. “Gold prices have rebounded, likely reflecting some safe-haven flows on U.S. stock market weakness and Middle East risks,” said Rob Haworth, senior investment strategist for U.S. Bank Wealth Management. “In our view, the longer term trend is likely to be lower due to [Federal Reserve] rate increases and balance sheet tapering, which should provide a modest lift to real interest rates–a headwind for gold prices.” December gold rose $3.80, or 0.3%, to settle at $1,287.50 an ounce. That was the highest finish since Oct. 16, according to FactSet data.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Despite the firm selloff in the major indexes from record highs Thursday, the Arms Index, used to measure buying or selling intensity, suggests investors are in a buying mood. On big down days, the Arms tends to rise above 1.000, as the ratio of down volume to up volume rises relative to the ratio of declining stocks to rising stocks. But the NYSE Arms has slipped to 0.655 and the Nasdaq Arms is at 0.886, a sign that buyers on the dip have been more aggressive than sellers. The Nasdaq Composite Index is threatening to fall the most since August, while the Dow Jones Industrial Average and the S&P 500 are on track to fall by the most in more than two months. Those moves came as the CBOE Volatility Index , a measure of implied volatility, jumped 14% to trade at 11.16, still far below its historically average at around 19.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Despite the firm selloff in the major indexes from record highs Thursday, the Arms Index, used to measure buying or selling intensity, suggests investors are in a buying mood. On big down days, the Arms tends to rise above 1.000, as the ratio of down volume to up volume rises relative to the ratio of declining stocks to rising stocks. But the NYSE Arms has slipped to 0.615 and the Nasdaq Arms is at 0.761, a sign that buyers on the dip have been more aggressive than sellers. The Nasdaq Composite Index is threatening to fall the most since August, while the Dow Jones Industrial Average and the S&P 500 are on track to fall by the most in more than two months. Those moves came as the CBOE Volatility Index , a measure of implied volatility, jumped 16% to trade at 11.35, still far below its historically average at around 19.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

The Dow Jones Industrial Average was trading firmly lower Thursday as investors sold stocks amid doubts about tax reform occurring soon, but the biggest weight on the benchmark were shares of McDonald’s Corp. Shares of the fast-food chain were cutting more than 25 points from the price-weighted Dow . McDonald’s stock was down 2.3%, or $3.87, in recent trade. A $1 move in any one of the Dow’s components equates to a swing of 6.89 points. The slide in McDonald’s, along with a decline shares of United Technologies Corp. 3M Co. and Boeing Co. were combining to push the Dow down the most in a single day, down 250 points, or 1.1%, at 23,315, since August, and snap a seven-session climb in the blue-chip gauge. Meanwhile, the S&P 500 index retreated 1% at 2,567, threatening its worst slump in more than two months and the Nasdaq Composite Index was off 1.5% at 6.688.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Despite the firm selloff in the major indexes from record highs Thursday, the Arms Index, used to measure buying or selling intensity, suggests investors are in a buying mood. On big down days, the Arms tends to rise above 1.000, as the ratio of down volume to up volume rises relative to the ratio of declining stocks to rising stocks. But the NYSE Arms has slipped to 0.617 and the Nasdaq Arms is at 0.777 a sign that buyers on the dip have been slightly more aggressive than sellers. The Nasdaq Composite Index is threatening to fall the most since August, while the Dow Jones Industrial Average and the S&P 500 are on track to fall by the most in more than two months. Those moves came as the CBOE Volatility Index , a measure of implied volatility, jumped 16% to trade at 11.35, still far below its historically average at around 19.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

A popular measure of volatility spiked the most in two months on Thursday as U.S. equity benchmarks retreated following news that a Senate tax bill proposes a delay in corporate tax cuts until 2019. The CBOE Volatility Index was up more than 16%, marking its sharpest climb since Sept. 5, the last time the Dow Jones Industrial Average and the S&P 500 index experienced a pronounced slide. The so-called VIX, which tends to climb when stocks fall, measures options bets on the S&P 500 index 30-days in the future and is viewed as a gauge of expectations for a market fall because prices tend to fall faster than they rise. The measure of implied volatility has been mostly muted, with trades far below its historic average around 19. Still, Thursday’s spike brings it to a reading of 11.36, considered relatively subdued. Most recently, the Dow was down more than 200 points at 23,354, the S&P 500 was down 0.9% at 2,571, while the Nasdaq Composite Index slumped 1.2% at 6,710.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

The Senate’s tax proposal is expected to delay a cut in the corporate rate until 2019, Politico reported Thursday. That is a change from the House’s bill, which would cut the rate to 20% from 35% next year. Details about the Senate’s bill are expected to be unveiled later Thursday.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

The Dow Jones Industrial Average was trading firmly lower Thursday as investors sold stocks amid doubts about tax reform occurring soon, but the biggest weight on the benchmark were shares of McDonald’s Corp. Shares of the fast-food chain were cutting more than 20 points from the price-weighted Dow . McDonald’s stock was down 1.8%, or $3.10, in recent trade. A $1 move in any one of the Dow’s components translates to a swing of 6.89 points. The slide in McDonald’s, along with shares of United Technologies Corp. 3M Co. and Boeing Co. were combining to push the Dow down the most in a single day, down 160 points, or 0.7%, at 23,405, since Sept. 5 and snap a seven-session climb in the blue-chip gauge. Meanwhile, the S&P 500 index retreated 0.7% at 2,577, threatening its worst slump in two months and the Nasdaq Composite Index was off 0.9% at 6.725.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News