On the last trading day of January, Wall Street surged over 2 percent as stocks reacted positively to the Bank of Japan cutting interest rates and Microsoft leading a major technology share rally.
Oil was the story in January
Falling oil prices were the main reason for January’s volatile start to 2016 trading, but the month ended down by only 5% after being down 11% earlier in the week before Friday’s upswing. Many traders are still concerned about oil prices below $30 per barrel, but our students have been using expert strategies to profit despite January’s “Market Mayhem.”
Attention turns to earnings
As February begins, some of the most-watched earnings reports will also be coming out. Alphabet (GOOG) is reporting after the market closes today for the first time as a conglomerate, and the company is poised to surpass Apple Inc. (AAPL) as the most valuable company on earth.
Also reporting earnings this week are Aetna (AET), Pfizer (PFE), Merck (MRK), Anadarko (APC), ConocoPhillips (COP), Occidental Petroleum (OXY) and General Motors (GM).
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