[Chart courtesy of MarketWatch.com] The latest inflation readings provided a boost to the markets, with the S&P 500 and Nasdaq achieving solid gains, while the Dow lagged. The Consumer Price Index (CPI) met expectations, showing a 0.3% rise from October and a 2.7% increase year-over-year. The Federal Reserve’s preferred measure, the core CPI, which excludes volatile food and energy prices, …
Market Wavers Amid Seasonal Softness And CPI Anticipation
[Chart courtesy of MarketWatch.com] Today, the traditional seasonal softness of mid-December persisted, with major indexes fluctuating without clear direction and ultimately closing in the red, despite a surge in small business optimism. An early rally in the Mega-Tech sector hit a ceiling, reversed, and erased initial gains, making the Nasdaq the biggest loser of the day. Additionally, the most shorted …
Equities Decline Ahead Of Key Inflation Data; Gold Advances
[Chart courtesy of MarketWatch.com] Equities declined ahead of key inflation data expected later this week, causing the major indexes to slip into the red. However, gold defied the trend with a solid advance. Nvidia and Advanced Micro Devices faced pressure, with Nvidia dropping nearly 3% and Bank of America downgrading AMD from a “buy” to a “neutral” rating. Last week’s …
Bitcoin Breaks $100k, Settles Below $98k In Volatile Session
[Chart courtesy of MarketWatch.com] After yesterday’s strong gains, the markets took a breather today, with major indexes closing moderately lower. Small Caps suffered the most significant losses. Last night, the much-anticipated event occurred when Bitcoin pierced the $100k level for the first time. Within minutes, it surged to $104k before leveling off slightly below that mark. During today’s session, Bitcoin …
Tech Stocks Lead Market Rally Amid Economic Optimism
[Chart courtesy of MarketWatch.com] Equities began the session on a bullish note, with the S&P 500 and Nasdaq reaching new record highs. Following yesterday’s mixed performance, the major indexes appeared to shift back into bullish mode. However, it remains uncertain whether we will see a repeat of the post-election surge. Private payrolls, as reported by ADP, grew less than expected …
Job Openings Surge In October, Markets Show Mixed Reactions
[Chart courtesy of MarketWatch.com] The major indexes took a breather early on after a relentless climb over the past few months, with November standing out as the best performing month of the year. Both the S&P 500 and Nasdaq hit record highs yesterday, continuing their strong post-election gains, with the S&P 500 up 4.6% and the Nasdaq up 5.2%. The …