The markets are continuing their volatile nature. The Dow was up triple digits, then down triple, and now back in green. The S&P500 and Nasdaq are also back in the green. The recent news that the president might be softening his approach to tariffs is helping propel the markets.
Advancers led decliners 1920/952 on the NYSE and 1748/947 on the Nasdaq. Materials and the Real Estate sectors are strong today while Consumer Staples, Health Care and Utilities lag. Heavy machinery stocks; Caterpillar (CAT) and H&E Equipment Services (HEES) are helping to push the market higher.
Weakness in the U.S. dollar is lending support to silver (up 2.0%) and gold (up 1.05%).
The only economic report today was Factory orders for manufactured goods, which in January, were down 1.4%, versus the consensus of -1.3%, led by durable goods orders, as business spending on equipment seems to be slowing as. December was revised to 1.8% from 1.7%. Excluding transportation, orders increased 0.4% compared to the revised December read of 0.9% from 0.7%.
On a more positive note, non-durable goods were strong, up 0.8% driven by coal and petroleum.
|Thanks Charles, we also believe the nafta neg. is part of the Trump plan, why stated tariff at newsreporters. We bought HEES, ORCL, CAT, no fear, just patiently waiting. Thank you sir, your news& wisdom helps USA CITIZENS get back to Wealth prosperity.|
Ed on 3/6/2018 2:02:54 PM
|Keep up the excellent work Charles. Sir with the tariffs/trades talk, we added to our "HIDDEN BULL" GRA, & security QLYS, what are your thoughts on next leg up to industrials ? Or just talk at your 3pm show. Again sir, thank you, to All at FOX Buissness , & for actually reporting NEWS.|
J on 3/6/2018 2:51:10 PM
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