Financial Review

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The closing numbers, economic news, and a look at the most important financial story of our time. Financial Review by Sinclair Noe for 04-22-2016   DOW + 21 = 18,003 SPX + 0.10 = 2091 NAS – 39 = 4906 10 Y + .02 = 1.89% OIL + .55 = 43.75 GOLD – 15.80 = 1233.20   Most of the session, stocks were in negative territory, and as expected, Alphabet and Microsoft kept the Nasdaq in the red. The stock market hit a wall today. After a rally that pushed the Dow above 18,000 and the S&P 500 above 2100 – close to record high, we have now hit resistance. And we are about to move into May. Remember the old wisdom: sell in May and go away. For the week, the Dow added 0.6 percent, the S&P 500 gained 0.5 percent and the Nasdaq lost 0.6 percent. Oil gained about 11% on the week.   Investors withdrew $7.3 billion from stocks in the week to April 20, the largest outflows in nine weeks, while continuing to shovel money into corporate and emerging market debt. The equity redemptions were led by $4.2 billion of outflows from U.S. stocks and $2.6 billion from Japan.   Caterpillar reported first-quarter earnings that were weaker than forecast, and lowered its expectations for the rest of the year. The company warned in March that its sales and earnings would drop amid low commodity prices, weak demand and the strong dollar.   McDonald’s reported first-quarter earnings of $1.23 per ...
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Financial ReviewBy Sinclair Noe