Crude oil tops $101, and gold and silver push higher. Netflix leads the Nasdaq. Rising costs hit shares of Polo Ralph Lauren and Costco. Whlle home prices fall, a government report says, Pittsburgh prices hold their own.
It's been hit hard recently, but the primary gas ETF and several leading stocks are showing signs of a bottom.
Russian search firm Yandex could turn out to be the star of this week's IPOs, raising $1.3 billion on the heels of LinkedIn's debut.
Commodities aren't moving based on supply and demand. They're moving on trader and political demand.
It was another choppy week in the stock market...but the internals of the stock market did improve, suggesting that a resumption of the overall uptrend is likely before the end of the month.
The Dow gains 45 as LinkedIn shares more than double. Initial jobless claims fall, but a manufacturing report is weaker and home sales sag. Crude oil drops below $99 a barrel. Japan slips into recession.
Commodities appear headed for volatility, so investors should be careful with resource-related funds.
The odds are against stocks making a sustained comeback in the short term. Unless you’re an intra-day trader, the best advice is to hold on for the ride and make sure protective stops are in place.
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