The stock market once again proved its resiliency on Wednesday, bouncing back from extensive declines early in the session to recover most of its losses. The Dow Jones Industrials actually managed to post yet another record close with a modest gain, and although other major market benchmarks suffered declines, they weren’t significant. Moreover, some favorable news from certain pockets of....More>>>
U.S. stocks closed slightly higher on Thursday as an improving economic picture and greater clarity on Federal Reserve policy allowed the markets postelection uptrend to continue, putting the S&P 500 and Dow within reach of attaining new record closing highs.
The Dow Jones Industrial Average ....More>>>
U.S. equities drifted lower on Thursday as many of the trade dynamics we’ve seen since the election reversed. Stocks were weaker. Bonds were stronger. The dollar weakened. Gold rose. Interest rates declined.
There was no particular catalyst for the move. Just a nagging sense that many of these trades had become overextended and were vulnerable to profit-taking and short covering. In....More>>>
Barrick Gold (NYSE:ABX) has lowered its cash costs to such an extent that even a dip in gold prices will allow the company to enhance its bottom line performance on account of its low cost structure. In fact, even though the outlook for gold prices has weakened of late, analysts still expect Barrick Gold to report strong earnings growth both next year and in the long run.
In this article,....More>>>