[Chart courtesy of MarketWatch.com] Moving the markets After yesterday’s modest pullback (Dow and S&P), all of the major indexes came screaming back with the Nasdaq and S&P 500 ending up in record high territory, while the Dow did not set any records but sported a solid gain of +0.76%. To no surprise, the Nasdaq took top billing with a studly …
Tech Finishes August With A Bang
[Chart courtesy of MarketWatch.com] Moving the markets The Dow and the S&P 500 started the session in the red, bounced around their unchanged lines but could not muster enough upward momentum to achieve a green close. The Nasdaq, on the other hand, never slipped into the read and closed +0.68%, which was off its intra-day high. The Dow slumped all …
Bobbing And Weaving
[Chart courtesy of MarketWatch.com] Moving the markets All eyes were on the Fed’s two-year review of their policy framework with the focus being on their new idea of AIT (Average Inflation Target), which allows for periods when inflation could run hotter to make up for periods when it falls below the target with an averaged being 2% annually. Here are …
Nasdaq Scores A Chest-Pounding Gain
[Chart courtesy of MarketWatch.com] Moving the markets In a repeat from yesterday, the S&P 500 and Nasdaq surged to new highs with the latter sporting an impressive gain of +1.73% while the former trailed but logged in a solid +1.02%. The Dow fell short and lagged again, but gold put on an impressive performance as well. News of progress of …
Back In The Driver’s Seat—Tech Rules Again
[Chart courtesy of MarketWatch.com] Moving the markets The markets opened slightly higher as positive vibes for equities were generated in part due to a phone call between top US and Chinese officials appearing to reaffirm their commitment to the phase one trade deal agreed to in early 2020. It’s not certain at all if this was simply pretense, because of …
Leadership Change
[Chart courtesy of MarketWatch.com] Moving the markets At least for this session, we saw a change in leadership with the Dow racing ahead +1.35% leaving the S&P 500 trailing with only a +1% gain. Lagging the major indexes, despite an early solid jump, was the Nasdaq, which dropped into the red at one point but managed to eke out a …