[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 …
Bitcoin And Gold Rally As Equities End In The Red
[Chart courtesy of MarketWatch.com] After a brief early bounce, the major indexes resumed their downward trend from yesterday. The S&P 500 made two attempts to reclaim its unchanged line but ultimately failed to hold on. In a post, Trump announced that additional tariffs of 25% on Canada and Mexico would take effect on Wednesday, targeting steel and aluminum. When asked …
Stocks Plummet As Recession Fears Mount Amid Tariff Concerns—TTI Goes Negative
[Chart courtesy of MarketWatch.com] Last week’s selling pressure continued this morning and intensified in the afternoon, dragging down the major indexes. Traders were fixated on Trump’s comments about a possible economic slowdown and the potential for a recession following the implementation of US tariffs, indicating the economy is entering “a period of transition.” The tech-heavy Nasdaq was hit the hardest, …