[Chart courtesy of MarketWatch.com] Yesterday, the S&P 500 set an intra-day record, but it slipped early today as the overall markets showed weakness, likely due to profit-taking. However, the index regained momentum later in the session, closing in the green once again. Recent market advances have been fueled by optimism surrounding potential tax cuts and deregulation under the Trump administration, …
Tech Sector Drives S&P 500 To New Record High Amid AI Optimism
[Chart courtesy of MarketWatch.com] Bullish sentiment persisted today, with the S&P 500 reaching a new all-time high, driven by strong performance in the tech sector. The Nasdaq led the way, while Small Caps lagged and ended the session in the red. Oracle (+6%) and Nvidia (+4%) saw significant gains, fueled by optimism surrounding AI and the announcement of a $500 …
Gold And Bitcoin Rebound Strongly, Oil Prices Decline
[Chart courtesy of MarketWatch.com] The major indexes began the “post-inauguration” session with a positive outlook, as traders interpreted Trump’s comments on tariffs as less severe than initially anticipated. Small Caps led the early surge, bolstered by a better-than-expected earnings report from 3M, which saw its stock rise by more than 4%. Mega-tech companies like Amazon and Alphabet also contributed to …
Gold Surges To Election Highs As Bitcoin Rebounds
[Chart courtesy of MarketWatch.com] Equities saw a bounce but ultimately pulled back during the session following yesterday’s strong advances, as traders analyzed the latest earnings reports. Banks such as Bank of America and Morgan Stanley saw gains after surpassing expectations, like their peers JP Morgan and Goldman Sachs from the previous day. This earnings season is off to a promising …
Indexes Rally Broadly On Softer CPI And Impressive Bank Earnings
[Chart courtesy of MarketWatch.com] This morning, the markets received a significant boost, with all indexes advancing broadly as inflation fears seemed to dissipate. The latest Consumer Price Index (CPI) report revealed that core inflation unexpectedly slowed in December. Major banks also kicked off the earnings season with impressive results, further fueled by a massive short squeeze. December’s CPI showed that …
Dollar Drops, Gold Gains As Markets Brace For CPI Impact
[Chart courtesy of MarketWatch.com] The major indexes received a boost early this morning from a better-than-expected Producer Price Index (PPI) report. Despite the tech sector suffering most of the losses yesterday and last week, it managed to advance today, although it dropped below its unchanged line by the close. The PPI, which represents wholesale inflation, increased by 0.2% in December, …