Week in Review
DJIA +52.38 (+0.36%) to 14,578.54; S&P 500 +6.34 (+0.41%) to 1,569.19; NASDAQ +11.00 (+0.34%) to 3,267.52 Friday the markets were closed in observance of Good Friday. Below is Thursday’s update and the weekly recap. Today the markets finished off the week higher and the idea that we will be rallying into the long weekend proved correct but not without a few attempts to take it lower. This also allowed the S&P 500 to follow the Dow in closing at a new record closing high surpassing the previous closing high of 1565.15. In economic data, the U.S. jobless claims increased 16K from the prior…
Daily Wrap
DJIA -33.49 (-0.23%) to 14,526.16; S&P 500 -0.92 (-0.06%) to 1,562.85; NASDAQ +4.04 (+0.12%) to 3,256.52 Today the markets started lower gaping down over 10 point in the S&P but the first 10 minuted of trading proved to set the lows and we remarkable rallied to positive for the day before finally closing ever so slightly lower. This had made a few occasions where the market has given the Bears a head fake and has continued to show resilience. I have been expecting this week to be up or at least neutral and with tomorrow being the last day of the trading week…
Daily Wrap
DJIA -42.47 (-0.30%) to 13,944.05; S&P 500 -2.73 (-0.18%) to 1,509.39; NASDAQ -3.35 (-0.11%) to 3,165.13 Apple Computers (AAPL) was thrust back in the news and by an interesting party on what I found an interesting story. David Einhorn of Greenlight Capital stated that a legal action has been initiated against AAPL over the company’s refusal to unbundled three corporate governance proposals. AAPL states that the action would break SEC rules. Essentially what Einhorn really wants is for AAPL to start giving its stockpile of cash back to investors and is suggesting they do so by creating preferred stock that…