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Marijuana banking bill passes the House Financial Services Committee

marijuana stocks
From Steve Goldstein: The House Financial Services Committee easily cleared a bill to provide a safe harbor for banks that work with the legal cannabis industry. The 45-15 vote allows the Secure and Fair Enforcement (SAFE) Banking Act to go to the House floor. Despite the clearance and strong chances for approval in the House of Representatives, the bill's prospects don't look as good in the Republican-controlled Senate.
NYSE:MJ March 28, 2019 11:24am

Dow Jones Industrial Average trades rallies on report that U.S. economy grew 2.9% in 2018

2019 Stocks increase
From Sunny Oh: Stocks were slightly higher Thursday after an update of fourth-quarter gross domestic product showed the U.S. economy had expanded at a 2.9% pace for the full year of 2018. The S&P 500 SPX, +0.06% was up 0.3% to around 2,813. The Dow Jones Industrial Average DJIA, +0.04% picked up 108 points, or 0.4%, to 25,725. The Nasdaq Composite COMP, -0.01% rose 0.2% to 7,659. U.S. gross domestic product grew 2.2% in the last three months of 2018, down from a previous estimate of 2.6%. Still, that left the economy expanding at a 2.9% rate in 2018, the strongest since 2015. In company news, Lyft Inc. LYFT, +0.00% is set to price later on Thursday, ahead of the ride-hailing firm's planned initial public offering on Friday.
INDEXDJX:.DJI March 28, 2019 11:20am

Cloud stocks are seeing sharp declines

From Sara Salinas:
NASDAQ:SKYY March 27, 2019 4:00pm

Turkish stocks plummeted more than 5% on Wednesday

money loss arrows
From Fred Imbert:
ETF BASIC NEWS March 27, 2019 3:58pm

Palladium sees its largest one-day drop in 19 years

palladium bars
From Myra P. Saefong: Palladium futures suffered Wednesday from their sharpest one-day dollar decline in more than 19 years, losing nearly $100 an ounce for the session to mark a significant retreat from a recent string of record settlements tied to an expected surge in auto-industry demand.
NYSE:PALL March 27, 2019 3:54pm

Homebuilding sector rises after Lennar and KB Home report earnings

From Daren Fonda: Wednesday, despite reporting a mixed bag of first-quarter earnings.
NYSE:XHB March 27, 2019 3:39pm

Dow falls 150 points as yields dip amid economic fears

dow jones
From Fred Imbert: Stocks fell on Wednesday, tracking bond yields, as worries over a possible economic slowdown lingered.
INDEXDJX:.DJI March 27, 2019 3:35pm

Gold Mining Sector is Rising on Global Economic Fears

Gold Price
From Frank Holmes:

Bond yields are crashing in major markets all around the world as fears of a global economic slowdown have prompted investors to seek shelter in low-risk government debt. Both Germany and Japan's 10-year bond yields are back below zero, marking the first time we've seen German yields turn negative since October 2016. As I shared with you last week, the pool of negative-yielding bonds around the globe now stands at a post-2017 high of $9.32 trillion. Yields in Australia and New Zealand have also fallen to record lows, according to Bloomberg.

NYSE:GDX March 27, 2019 3:27pm

Gold prices fall due to a stronger US dollar

gold bars
From Myra P. Saefong & Mark Decambre: Gold futures on Wednesday headed lower, pressured by strength in the dollar, but a rally in government bonds across the globe pointed to increased appetite for assets perceived as havens, helping to limit losses for the yellow metal.
NYSE:GLD March 27, 2019 11:39am

Marijuana sector moves lower after Cronos Group is downgraded to sell

marijuana stocks
From Ciara Linnane: Cannabis stocks fell Wednesday, led by Cronos Group Inc., after Canaccord downgraded the stock to sell from hold following its weaker-than-expected earnings.
NYSE:MJ March 27, 2019 11:37am

S&P 500 is on track to have its best quarter since 2009

s&p 500
From Pippa Stevens: The S&P 500 is on track for its best quarter in a decade, up roughly 12 percent. And if history is any indication, the index could be set for more gains for the rest of the year.
NYSE:SPY March 27, 2019 11:35am

Oil prices give up ground as U.S. crude inventory rises

oil pump
From Tom DiChristopher:
NYSE:USO March 27, 2019 11:33am

Homebuilders ETF drops despite the bullish ‘golden cross’ pattern set to appear

ETF investing
From Tomi Kilgore: The SPDR S&P Homebuilders ETF XHB, +0.08% fell 0.5% in afternoon trade Tuesday, in the wake of disappointing housing data, ironically on the same day that a bullish "golden cross" chart pattern is set to appear. Of the ETF's 35 equity components, 25 were trading lower. Earlier, data showed that February housing starts dropped a more-than-expected 9% and home price growth slowed in January, to the slowest pace in 6 1/2 years. Meanwhile, a "golden cross" is when the 50-day moving average, a short-term trend guide, crosses above the 200-day moving average (DMA), a longer-term trend tracker. Many chart watchers believe the crosses mark the spot a short-term rally transforms into a longer-term uptrend. The homebuilders ETF's (XHB) 50-DMA currently extended to $37.377 while 200-DMA was at $37.370, according to FactSet. That would mark the first time the XHB's 50-DMA was above the 200-DMA since April 20, 2018, and be the first "golden cross" since Jan. 23, 2017. Among the XHB's more active components Tuesday, shares of D.R. Horton Inc. DHI, -0.88% shed 2.0%, Lennar Corp. LEN, +0.32% gave up 0.7%, Lowe's Companies Inc. LOW, -0.07% slipped 0.1%, Home Depot Inc. HD, -0.18% declined 0.2% and PulteGroup Inc.PHM, +0.62% lost 0.1%.
NYSE:XHB March 26, 2019 4:49pm

Gold prices fall as stocks and yields rise

mountain of gold
From Myra P. Saefong & Rachel Koning Beals: Gold futures on Tuesday settled in negative territory, giving back the bulk of gains from a day earlier that landed the metal at its highest finish in about a month. Stocks and other assets perceived as risky regained some footing higher on the session, dulling the appeal of the haven metal.
NYSE:GLD March 26, 2019 4:46pm

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