[Chart courtesy of MarketWatch.com] Moving the markets The tech and banking sector combined forces to put a floor under an early slide that helped the S&P 500 and Nasdaq to modest gains, but the Dow fell short of reaching the unchanged line by -0.06%, as 3M proved to be the baggage by sliding -1.5%. While trade war rhetoric with China …
Snapping The Winning Streak
[Chart courtesy of MarketWatch.com] Moving the markets The Dow’s 5-day win streak came to an end today, as all 3 major indexes hit the skids and meandered below their respective unchanged lines throughout the session. Trade war talk came to life suddenly and threatened bullish sentiment when Trump mentioned “tremendous retribution” not against China but this time against the European …
Keeping Upward Momentum Alive
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes followed through from yesterday’s advance to close higher with the Dow logging its fifth positive session, while the Nasdaq lagged slightly and fell just short of crossing its unchanged line to the upside. The markets were still influenced by the Fed’s upbeat description of a domestic economy, which has expanded …
A Slow Start Followed By A Solid Finish
[Chart courtesy of MarketWatch.com] Moving the markets Fed chair Powell threw an assist to the markets by announcing that “the U.S. central bank wouldn’t move too quickly in changing monetary policy, and that it would be flexible in the face of changing conditions.” He also informed the Senate Banking Committee that the “best way forward is to keep ‘gradually’ raising …
Waiting For The Earning Season
[Chart courtesy of MarketWatch.com] Moving the markets The markets meandered aimlessly with the major indexes showing a mixed picture as the S&P 500 and Nasdaq pulled back while the Dow managed to stay above the unchanged line. Presidents Trump and Putin met as planned in Helsinki, but even a joint conference did not motivate buyers to pile into equities. In …
Tech Leads The Indexes And Pushes Nasdaq To Record Close
[Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s market dump turned into today’s market pump with the major indexes recovering as a tech led rally pushed the Nasdaq to a record close. What changed from yesterday? Not much, other than that sentiment took a turn for the better following news reports that the US and China are working to ease …