Author Archives: Lauren Rudd

Rudd’s MarketView for Tuesday, June 13, 2017

Summary Wall Street gained on Tuesday, with the S&P 500, Dow Industrial Average and the Russell 2000 setting record closing highs, as technology stocks bounced back and investors positioned for an expected Federal Reserve interest rate hike. The S&P 500 technology sector rose 0.9 percent, recovering from its largest two-day decline in nearly a year…

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Rudd’s MarketView for Monday, June 12, 2017

Summary Apple shares added to last week’s drop on Monday to lead a market downturn as tech, still the best performing S&P 500 sector this year, succumbed under its own weight. Mizuho Securities cut its rating on Apple to “neutral” from “buy” on Monday, saying the stock had outperformed this year and that the “upcoming…

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A Study of Verizon (VZ)

Streetwise for Sunday, June 11, 2017 Trying to forecast short-term trends on Wall Street is like trying to herd cats, a great idea but one with little probability of success. However, being patient will alleviate market volatility and enable you to benefit from a continual compounding of earnings. Two companies requiring a high degree of…

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Rudd’s MarketView for Friday, June 9, 2017

Summary Technology stocks sold off sharply on Friday, sending the Nasdaq down sharply and holding back other major Wall Street indexes, which had thit record highs earlier in the session. The technology sector, which has had strong gains this year and led the market’s rally, downward, falling 2.7 percent, although it pulled back from steeper…

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Can You Predict Market Moves?

Streetwise for Friday, June 9, 2017 You must give those denizens of Wall Street credit; at least they show consistency; bulls and bears locked in a perpetual struggle each convinced the other is wrong. Meanwhile, as I write this the S&P 500 has closed at 2,433.14, six points below its all-time high, while the Dow…

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Rudd’s MarketView for Thursday, June 8, 2017

Summary The “Trump trade” made a comeback on Thursday on Wall Street but the S&P and Dow industrials ended flat as former FBI director James Comey said President Trump fired him to undermine an investigation into Russian meddling into the November election. The Nasdaq Composite posted a record closing high helped by gains in Nvidia…

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Rudd’s MarketView for Wednesday, June 7, 2017

Summary The major domestic equity indexes rose on Wednesday despite a sharp decline in energy shares after written testimony from former FBI director James Comey did not add major revelations about an investigation into Russian meddling with last year’s presidential election. Comey, who was fired by Trump last month, wrote that President Trump asked him…

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Rudd’s MarketView for Tuesday, June 6, 2017

Summary Major domestic equity indexes ended the trading day on Tuesday, near session lows as investors shied away from risky assets ahead of major political and economic headlines expected on Thursday. Britain’s general election as it maps its exit from the European Union, the European Central Bank’s policy meeting and former FBI Director James Comey’s…

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Rudd’s MarketView for Monday, June 5, 2017

  Summary The major equity indexes were a bit lower on Monday as a decline in the price of Apple’s shares partly offset gains in energy and financial stocks, some of the market’s worst-performing sectors this year. Energy, the worst-performing S&P 500 sector so far in 2017, and banks, widely underperforming the benchmark year-to-date, attracted…

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Rudd’s MarketView for Friday June 2, 2015

Summary The Dow and S&P 500 eased on Friday as increasing expectations the Federal Reserve could raise rates as soon as September offset optimism over a recovery in the U.S. labor market. Stronger-than-expected jobs data for May and a pickup in wages were the latest signs of better momentum in the economy. Wall Street’s top…

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