The bulls were disappointed on Thursday after the bears showed up and sent stocks lower. Before the open, futures were higher after oil prices spiked nearly 5%. The Dow Jones Industrial Average and S&P 500 pulled right into their respective 50 DMA lines and were due to bounce. The inability to bounce speaks volumes to how…
Highlights: 1. Market Wrap 2. Gary breaks down the recent action for you 3. Find out what areas of the market Gary likes and what areas he doesn’t like
http://www.bloomberg.com/news/articles/2016-05-04/opec-said-to-head-for-june-talks-without-plan-for-supply-limits-inswnyfd
http://www.foxbusiness.com/features/2016/05/04/kentucky-derby-ticket-prices-jump-after-triple-crown-year.html
http://www.foxbusiness.com/markets/2016/05/04/oil-turns-lower-after-bigger-than-forecast-u-s-crude-build.html
http://www.reuters.com/article/us-cyber-passwords-idUSKCN0XV1I6
http://www.foxbusiness.com/features/2016/05/04/chegg-ceo-silicon-valley-is-in-interesting-transition-period.html
http://www.reuters.com/article/us-wells-fargo-energy-idUSKCN0XV2CD?il=0
Stocks fell on Wednesday as investors digested a slew of economic and earnings data. Before the open, ADP said private employers added 156k new jobs in April, missing estimates for 193k. That was the weakest print since 142k in Feb 2014. After the open, the PMI services index came in at 52.8, just higher than the…
