Lower than expected unemployment claims Thursday morning are the latest in a series of positive economic data points fueling the rally in stocks.
With stocks recording an outstanding January, will traders find themselves in a selling mood as February begins?
Stocks continue to be influenced strongly by Europe early in the session, finding relief – and rallying – after markets on The Continent close.
With stocks finishing last week mixed and January coming to an end, will the bullishness of the first month of the year carry over into the second?
With asset managers scrambling to catch up with a market that has left many of them behind, overbought conditions could persist through month’s end.
With Apple’s expectation-smashing performance now in the rear-view mirror, traders will turn their attentions to the FOMC and their policy statement later today.
As stocks drive deeper into overbought extremes, led by the banks, the likelihood of a short-term reversal grows.
With overbought market conditions in the U.S. and the failure of the Europeans to reach a deal over Greek debt, trader sentiment has turned from bullish to mixed.
Positive earnings and revenue announcements from financials and technology companies have traders and investors bidding shares higher in the second half of the week.
The markets have remained resilient in the face of disappointing revenues from JP Morgan. Another test of resolve awaits traders this week as a number of other financials will be reporting earnings and revenues.