[Chart courtesy of MarketWatch.com] Equities continued their recovery from the recent selloff, buoyed by some positive economic data. However, late-session uncertainties led to a red close for the major indexes, as concerns grew that the Fed might not be able to significantly cut rates in 2025 due to potentially inflationary trade tariffs starting on “Liberation Day,” April 2nd. Some traders …
Markets Rally As Fed Chair Powell Balances Dovish And Hawkish Remarks
[Chart courtesy of MarketWatch.com] In anticipation of the Fed’s policy announcement, equities climbed higher early in the session and continued their upward trend, joined by bonds, gold, and cryptocurrencies. While no change in rates is expected, traders are keen to hear the Fed’s outlook on two potential rate cuts this year. They will also be listening for insights on how …
Gold Shines As Major Indexes Falter; Bitcoin Slips To $81K
[Chart courtesy of MarketWatch.com] The two-day comeback rally hit a brick wall today, with the major indexes retreating, led by the Nasdaq. Tesla was one of the hardest-hit stocks, falling over 5% after an analyst lowered its price target due to rising competition in the EV space. The company’s stock has declined about 36% over the past month. The S&P …
Equities Rebound As Major Indexes Build On Friday’s Recovery
[Chart courtesy of MarketWatch.com] Equities rose early in the session as major indexes attempted to build on Friday’s recovery from correction territory. The latest retail sales report showed a 0.2% increase for February, which, although below the estimated 0.6% rise, relieved traders as the outcome was not worse. Last Thursday, the S&P 500 entered correction territory, dropping more than 10% …
Equities Slide As Tariff Wars Intensify—Domestic Sell Signal Generated
[Chart courtesy of MarketWatch.com] Equities began the session slightly below their respective unchanged lines but accelerated to the downside late in the day, as market volatility continued. Traders focused on the latest tariff threats, with 200% import duties on all alcoholic products from EU countries in retaliation for the bloc’s 50% tariff on whiskey. The Producer Price Index (PPI) was …
CPI Report Boosts Major Indexes Amid Narrow Market Rally
[Chart courtesy of MarketWatch.com] Today’s better-than-expected CPI report gave the major indexes a positive start, with all of them opening higher and maintaining that trajectory throughout the session. The Consumer Price Index increased by 0.2% for the month, resulting in an annual inflation rate of 2.8%, which is lower than the estimated 0.3% monthly increase and 2.9% annual rate. The …