Cocoa And Coffee Surging
Cocoa is punching higher in one of its biggest up days of the year, moving higher after hitting multi-year lows on Nov. 17.
Traders Still Shop For Tech In Abbreviated Session
A post-holiday shortened session didn’t keep traders away from technology issues as the Nasdaq rose to yet another record, even as the broad market stumbled.
Yen Surges To Four-Year High
New highs in Japanese equities are heightening demand for Japanese yen and sent the currency soaring to its highest level in four years.
Traders Gobble Up Techs
Technology stocks bounced back from a one-day sell off and charged back to set yet another all-time record high. Tech led the broad market higher as well, but a hot economy, record equity values and rising oil prices kept inflation fears alive and pressured many interest rate-sensitive issues.
Nasdaq 100 Futures Snap Back
NASDAQ 100 futures [NDZ9>NDZ9] came roaring back from a one-day sell off yesterday, erasing all of Tuesday’s loss and then rallying back to set a new all-time high in one of its biggest up days ever.
Market Takes An Early Holiday
The red-hot Nasdaq finally took a breather today, pulling back in a move most felt was long overdue as traders appeared to take profits home ahead of the Thanksgiving holiday.
Circuit Breaker Halts Nasdaq 100 Futures
NASDAQ 100 futures [NDZ9>NDZ9] sold off sharply on the open and traded down 60 points (its daily limit), halting trading temporarily as prescribed by exchange rules.
NASDAQ 100 Futures Pause At Daily Limit
NASDAQ 100 Futures sold off sharply on the open and traded down 60 points (their daily limit), halting trading temporarily as prescribed by exchange rules.
Crude Oil Hits Nine-Year High
Energy prices shot up after Iraq said it would suspend oil exports. January crude oil [CLF0>CLF0], from the Momentum-5 List,
shot up to its highest level since the Persian Gulf War and gained .93 to 27.07.
Yen Pops Higher On Strong Economic Outlook
The yen gapped open and is trading more than 120-ticks higher on a report from the Ministry of International Trade and Ministry (MITI) that suggests the Japanese economy continues to rebound from five quarters of recession and appears poised to expand.
Crude Oil Surges As Supplies Dwindle
January crude [CLF0>CLF0] closed .81 higher at 26.14 as the market continues to respond to stockpiles that are at their lowest levels since 1997.
CAT Hurts Blue Chips As Techs Take Out New Highs
A profit warning from Dow component Caterpillar [CAT>CAT] kept the Industrial Average underwater today but Techs remained on a tear as the Nasdaq set its 14th record in 16 sessions.