[Chart courtesy of MarketWatch.com] The major indexes initially opened lower but quickly rebounded, as traders ignored the latest Producer Price Index (PPI) report, which showed a 0.2% increase in wholesale prices for August, aligning with expectations. This followed the previous day’s Consumer Price Index (CPI) report, which indicated a rise in core prices, excluding the volatile energy and food categories. …
Nvidia’s CEO Sparks Market Rebound Amid Inflation Woes
[Chart courtesy of MarketWatch.com] Early trading saw equities take another dive as the latest inflation data wreaked havoc on the markets. However, following this significant downturn, a remarkable intraday recovery pushed the major indexes firmly into the green. This turnaround was largely driven by Nvidia’s CEO, who reassured investors by stating, “the demand for chips is so great, everyone wants …
S&P 500 And Nasdaq End In Green Amid Volatile Trading Session
[Chart courtesy of MarketWatch.com] The markets suffered a tumultuous day, initially edging higher before collapsing precipitously, only to regain their footing and ending with another winning session. Among the three major indexes, only the S&P 500 and Nasdaq managed to close in the green after this roller coaster ride. The tech sector has been struggling, with the XLK ETF losing …
Inflation Data In Focus As Markets Attempt To Recover From Steep Losses
[Chart courtesy of MarketWatch.com] The markets began the session on a positive note, attempting to recover from last week’s steep losses. Although early upward momentum was briefly lost, bullish sentiment soon resumed, leading the major indexes to gain over 1% by the end of the day. In the S&P sectors, technology and communications were the top performers, each advancing by …
ETFs On The Cutline – Updated Through 09/06/2024
Do you want to know which ETFs are hot and which ones are not? Then you need my High-Volume ETF Cutline report. It tells you how close or far each of the 311 ETFs I follow is from its long-term trend line (39-week SMA). These are the ETFs that trade more than $5 million a day, so they are not …
ETF Tracker Newsletter For September 6, 2024
ETF Tracker StatSheet You can view the latest version here. MARKET TURMOIL: NO SAFE HAVEN AS EQUITIES AND COMMODITIES PLUNGE [Chart courtesy of MarketWatch.com] A weaker-than-expected jobs report immediately dragged the major indexes into negative territory after the opening bell. The Dow initially held up better than its counterparts but eventually succumbed to bearish sentiment. The Nasdaq led the …