[Chart courtesy of MarketWatch.com] The Dow hit a record high today, while traders waited for new inflation and earnings reports. The S&P 500 also made history on Friday, closing above 5,000 for the first time ever. The index has gained more than 5% since January. The S&P 500, the Nasdaq, and the Dow all extended their winning streaks to five …
ETF Tracker Newsletter For February 9, 2024
ETF Tracker StatSheet You can view the latest version here. S&P 500 TOPS 5,000 ON LOWER INFLATION, BUT TECH-BOND GAP RAISES QUESTIONS [Chart courtesy of MarketWatch.com] The S&P 500 finally cracked the 5,000 mark today, thanks to a belated Christmas gift from the government: a lower inflation rate for December. The index had flirted with the milestone on Thursday, …
Will CPI Revisions Shock The Market? S&P 500 Hovers Near 5,000
[Chart courtesy of MarketWatch.com] The major indexes barely budged today, except for the S&P 500, which flirted with the 5,000 mark for the first time in history. Small caps, on the other hand, had a blast and soared by more than 1% thanks to a huge short squeeze. Traders were busy digesting earnings reports, with some big winners and losers. …
How Long Can The Tech And AI Rally Last In The Face Of Rising Rates And Bank Woes?
[Chart courtesy of MarketWatch.com] The stock market had a good day on Wednesday, as the S&P 500 got close to the 5,000 mark for the first time ever. Investors were happy with the latest earnings reports, which mostly beat the low expectations. Big tech and AI companies did especially well, but they also hogged most of the spotlight. The problem …
No Rate Cut In Sight, Powell Says Some Banks May Go Bust
[Chart courtesy of MarketWatch.com] The Dow Jones Industrial Average rose on Tuesday, but it was hardly a cause for celebration. Wall Street was busy digesting the latest earnings reports and the Fed’s reluctance to cut rates anytime soon. The S&P 500 and Nasdaq barely scraped by with positive returns, thanks to some last-minute shopping by bargain hunters. Traders were left …
Stocks And Bonds Go Their Separate Ways After Powell Dashes Rate Cut Hopes
[Chart courtesy of MarketWatch.com] The market had a rough start today as Fed chair Powell poured cold water on the hopes of rate cut seekers. He repeated his hawkish stance in a “60 Minutes” interview last night, saying he needed more proof that inflation was under control before he would consider lowering rates. This sent bond yields soaring and stock …