[Chart courtesy of MarketWatch.com] Moving the markets While the Dow never managed to climb above its unchanged line, the S&P 500 showed some promising early gains, only to give them back late in the session. However, the Nasdaq resisted red numbers and closed in the green, along with GLD, which added a solid +2.36% for the session. The latest jobs …
Bounce Back Wednesday
[Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s sell-off now appears in the rear-view mirror as a vanishing object, as the major indexes stormed back and ended solidly in the green. The S&P 500 closed just shy of a new record, although it broke the old high set on February 19 on an intra-day basis. Surely, the move was not …
Dow Thrives Then Dives
[Chart courtesy of MarketWatch.com] Moving the markets For sure, it was a market where anything was possible. The Dow reigned supreme for most of the day, with a 300-point advance at one point, while the S&P 500 cruised slightly above its unchanged line. Gold and the tech sector plunged, with especially the former getting hurt by rising yields as bond …
Dow Dominates Markets
[Chart courtesy of MarketWatch.com] Moving the markets It was another sloppy and choppy session with the Dow being the leader, while the Nasdaq was unable to climb out of an early hole, but it trimmed some of its initial losses. The S&P struggled all day but closed in the green, while gold came off its early highs but hung on …
Chopping Around The Unchanged Line, Then Leaping Into The Close
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes meandered around their respective unchanged lines for most of the morning, when news that the State Department had lifted its global travel advisory from 4 months ago hit the wires. That was like poring gasoline on a fire, and the indexes rocketed higher for the remainder of the session and …
Nasdaq Sets Record—Gold Hits New All-Time High
[Chart courtesy of MarketWatch.com] Moving the markets The Dow raced ahead and ended just short of a 400-point gain, but gold again outperformed with another solid +1.53% showing. The S&P closed within 1.7% of its all-time high. The mood was upbeat, not because of facts, but merely hope of further stimulus from the government to assist the out-of-work Americans. However, …