[Chart courtesy of MarketWatch.com] Moving the markets Despite the markets having moved in a tight range, and pretty much ended the session unchanged, it was enough of a gain for the S&P 500 to score another record close. All eyes were on the release of the Fed minutes, which showed continued commitment by the Central Bank to support an accommodative …
Taking A Breather
[Chart courtesy of MarketWatch.com] Moving the markets With the markets having surged into April, it was time for the pace to slow down, and that is what we saw today. The S&P 500 broke a 3-day winning streak with the indexes coming off their record highs, although by only a small margin. Bond yields continued to ease up with the …
“Goldilocks” Jobs Report Thrusts Markets
[Chart courtesy of MarketWatch.com] Moving the markets The futures markets already indicated upward equity momentum based on Friday’s jobs report (markets were closed), which generated some 916k jobs in March, was well above the expected 647k, yet it fell short of the 1.8 million whisper number. In other words, it fell into “goldilocks” territory meaning not too strong and not …
Greeting April With A Bang
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes greeted the month of April with a bang and a solid close in the green. The Dow lagged somewhat, but the S&P 500 made up for it by conquering its 4,000-milestone marker without hesitation. Tech stocks took the lead today and were powered by lower bond yields and a declining …
S&P 500 Scores Best Month Since November
[Chart courtesy of MarketWatch.com] Moving the markets The S&P 500 made a valiant effort to reach its magic 4,000 mark but fell short yet scored its best month since November. Today, it seemed like the rotation was back into the tech sector with the Nasdaq popping 1.52%, while the S&P was helped higher due to its tech heavy components. Giving …
Rising Bond Yields Keep Equities In Check
[Chart courtesy of MarketWatch.com] Moving the markets An early rise in bond yields, with the 10-year touching its highest level since January 2020, sent the major indexes on a southerly path and into another hole. That seemed to have been the theme as of late, with equities scrambling to get back to their respective unchanged lines. Today was no different, …