[Chart courtesy of MarketWatch.com] The S&P 500 marked a moderate rise today, achieving its strongest first-quarter performance in five years and securing a fifth consecutive month of gains. The stock market has seen an upward trend for 18 of the past 22 weeks, a streak not surpassed since 1989. While the broader market indexes hovered around the break-even point, the …
S&P 500 Snaps Losing Streak: A Prelude To A Strong Quarter Close?
[Chart courtesy of MarketWatch.com] The S&P 500 bounced back, halting a three-day losing streak, buoyed by a substantial short squeeze that counteracted a $32 billion equity sell-off by pension funds. The tech-heavy MAG 7 staged a late-day rally, securing a positive close. In the spotlight, Cintas shares soared 7% following impressive earnings, while Merck’s stock climbed nearly 5%, reaching a …
Market Muddle: S&P 500 At A Crossroads After Mixed Data
[Chart courtesy of MarketWatch.com] Today, U.S. stocks experienced a modest uptick as traders aimed to reignite the rally that previously propelled equities to record levels, despite a slight setback in the last session. Newly released economic figures revealed a 1.4% increase in orders for durable goods in February, surpassing economists’ predictions of 0.8%. One analyst suggested that the combination of …
Bitcoin’s Bullish Surge Overshadows Mixed Market Data
[Chart courtesy of MarketWatch.com] Today, Wall Street’s recent surge took a pause, leading to a dip in stock values as the trading week commenced. Despite this, the market is poised for its fifth straight month of gains, with major U.S. stock benchmarks reaching unprecedented closing highs just last week. The S&P 500 saw an increase of approximately 2.3%, the Dow …
Market Divergence: Nasdaq And 10-Year Yield At A Crossroads
[Chart courtesy of MarketWatch.com] Today, the stock market saw a significant uptrend, with technology shares outshining the rest. This surge builds upon the previous session’s momentum that set new records on Wall Street. Leading the charge, mega-cap technology companies like Meta Platforms, Microsoft, and Amazon each saw gains of at least 1%. In contrast, Apple experienced a 3% decline amid …
Powell’s Puzzle: Market Rallies Amid Rate-Cut Tease And Dollar’s Dive
[Chart courtesy of MarketWatch.com] In today’s financial frolics, stocks took a joyride upwards after the Federal Reserve played it cool, keeping rates parked at a sky-high 23-year peak. Despite this, they’re eyeing a trio of rate cuts by the end of 2024’s calendar pages. The big three indexes didn’t just climb; they set new altitude records, while Small Caps had …