[Chart courtesy of MarketWatch.com] Wall Street turned in a steady performance today after a bumpy start to the week. The major indexes ended slightly higher: the S&P 500 gained 0.4%, the Nasdaq rose 0.44%, and the Dow edged up 0.3%. I believe traders are keeping a close eye on ongoing drama between the White House and the Federal Reserve, especially …
Rate Cut Buzz Fades, Traders Wait For Fresh Catalysts
[Chart courtesy of MarketWatch.com] After last week’s big Fed-driven rally, traders started the week on a more cautious note. The major indexes slipped today, with the Dow falling about 0.7%, the S&P 500 down 0.4%, and the Nasdaq in the red by -0.2%. I believe this minor retreat was mainly due to profit-taking and a bit of hesitation as investors …
Mag7 Stocks Out Of Favor As Traders Eye Powell’s Next Move
[Chart courtesy of MarketWatch.com] Wall Street got off to a rocky start today, with major indexes slipping again. Tech stocks took a hit for the second straight day, dragging the market lower as traders kept a close eye on mixed retail earnings and anticipated the latest word from the Federal Reserve. Investors kept cashing out of big-name tech and chip …
Mag7 Tumble Again As Wall Street Braces For Fed Signals
[Chart courtesy of MarketWatch.com] The market was a mixed bag at the open, with the Dow standing out while everyone else treaded water as traders digested new earnings from major retailers and looked ahead to Fed Chair Jerome Powell’s much-anticipated speech later this week. Home Depot shares popped 2%—even though its second-quarter results missed expectations, investors were happy the company …
Markets Hit Pause As Traders Await Retail Earnings And Fed Signals
[Chart courtesy of MarketWatch.com] It was a pretty uneventful Monday on Wall Street as the major indexes mostly hovered near the flat line. After a strong run last week, traders seemed content to take a breather while they wait for some big retail earnings, updates on Ukraine, and—most of all—a speech from Fed Chair Powell later this week. All eyes …
Hot PPI Report Halts Rally, But Big Tech Powers Market Recovery
[Chart courtesy of MarketWatch.com] Stocks stumbled out of the gate today after a much hotter-than-expected wholesale inflation report rattled traders and threatened the recent rally. The major indexes clawed their way back from early losses but by the closing bell were basically stuck at flat. The initial slide came right after July’s Producer Price Index (PPI) showed wholesale prices jumping …