[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 …
Tech Reigns Supreme—Nasdaq Scores 35th Record Close
[Chart courtesy of MarketWatch.com] Moving the markets An initial dip for all major indexes turnout to be a non-event, as they dug themselves out of that early hole and closed in the green, with especially the Nasdaq showing a strong +1.06% gain. The rebound from yesterday’s loss happened in the face of two economic reports that kept concerns about the …
Fed Frustrates Markets
[Chart courtesy of MarketWatch.com] Moving the markets An early upswing ran into a brick wall, as the Fed minutes created uncertainty across the board. The Fed’s shying away from Yield Curve Control (YCC), where they allow interest rates to vacillate within a predetermined range, raises the risk of a potential hike in bond yields, which is not a positive for …
Breakout: S&P 500 And Nasdaq Score Record Highs
[Chart courtesy of MarketWatch.com] Moving the markets We saw a sloppy start to the session, during which the S&P 500 bounced, dropped into the red but recovered and slowly but surely climbed out of that early hole. Despite several attempts during the recent past, today was the day the index managed to set a new all-time high. Not to be …