[Chart courtesy of MarketWatch.com] Moving the markets You would have expected the markets to show some signs of life with Apple posting better than expected earnings and revenue after the close yesterday. Or, that the Fed’s statement was interpreted as somewhat dovish despite saying that further rate hikes are “needed in the coming months.” If you thought that, you were …
Reversal Tuesday
[Chart courtesy of MarketWatch.com] Moving the markets In a reversal of what we have seen lately, the markets dug themselves a hole early on but managed to climb out of it during the afternoon with the Nasdaq and S&P 500 actually closing in the green. It was a quiet session with most of the world being on the sidelines due …
Ending The Month On A Sour Note
[Chart courtesy of MarketWatch.com] Moving the markets As has been the meme for the past few weeks, an early rally gave way mid-day to a broad sell-off despite positive earnings reports, which simply could not stem the downward momentum. Several last minute attempts to reverse the tide failed, and the major indexes dove into close scoring the lows for the …
Tech Sector Pulls Markets Out Of The Doldrums
[Chart courtesy of MarketWatch.com] Moving the markets The tech sector took the lead during today’s rally, powered by FB’s strong results, which helped their shares to a solid +9.06% gain. While technology was the biggest gainer, 9 of the 11 primary S&P sectors finished higher. The loser of the day was telecommunications with -3.2%, which suffered due to AT&Ts poor …
Late Rally Wipes Out Early Losses
[Chart courtesy of MarketWatch.com] Moving the markets While rising bond yields continued to wreak havoc with the markets early on, a slow but steady climb, supported by strong corporate earnings and dip-buyers, proved to be saviors for the session by pushing the Dow and S&P 500 into the green by a small margin. The Nasdaq ended slightly lower, which was …
Equities Dump As Bond Yields Jump
[Chart courtesy of MarketWatch.com] Moving the markets A quiet opening above the unchanged line suddenly turned into a rout with the major indexes tumbling and heading sharply south until dip buyers stepped in during the last hour to lessen the damage. The Industrial, material and technology sectors were most affected. The culprit, as I have been posting about, was the …