[Chart courtesy of MarketWatch.com] The S&P 500 and Nasdaq edged higher into record territory, while the Dow lagged after previously touching the 45,000 milestone. Intel, AI server maker Super Micro, and Tesla all saw significant gains, propelling the Nasdaq to lead today’s rally. November was the best month of the year for both the Dow and the S&P 500, with …
Economic Data Weakens, Bond Yields Drop, Bitcoin Surges
[Chart courtesy of MarketWatch.com] The markets experienced a slight pullback, likely due to profit-taking after a strong November, during which the S&P 500 climbed over 5%. The Nasdaq suffered the most, partly because Nvidia’s stock fell by more than 3.5%. The latest Personal Consumption Expenditure (PCE) price index, the Federal Reserve’s preferred inflation gauge, rose 2.8% year-over-year. This is the …
Seasonal Patterns Suggest S&P 500 Could See Gains Through New Year
[Chart courtesy of MarketWatch.com] Despite an early dip, the Dow managed to recover, and all three major indexes maintained the bullish sentiment from the previous day, with the Nasdaq leading the charge. However, Small Caps diverged and closed in the red. Traders were grappling with the implications of Trump’s announcement of 25% tariffs on products from Mexico and Canada, along …
Dow And S&P 500 Hit Record Highs On Treasury Secretary Nomination
[Chart courtesy of MarketWatch.com] This morning, the Dow and S&P 500 surged into record territory following President Trump’s announcement of his Treasury secretary nominee, Scott Bessent. Traders reacted positively to the news, cheering the nomination of the hedge fund manager, who recently suggested that any tariffs proposed by Trump should be implemented gradually. Despite the potential peace deal between Israel …
ETF Tracker Newsletter For November 22, 2024
ETF Tracker StatSheet You can view the latest version here. MAJOR INDEXES RECOVER AS BITCOIN NEARS $100K MILESTONE [Chart courtesy of MarketWatch.com] The major indexes continued their upward momentum, closing the week with gains and recovering from the previous week’s losses, which had seen the post-election rally lose steam. The markets appear to be stabilizing after absorbing the election …
Market Sentiment Stays Positive As Bitcoin Soars And Nvidia Recovers
[Chart courtesy of MarketWatch.com] Markets often demand perfection, and this was evident in Nvidia’s performance. Despite posting better-than-expected third-quarter results and issuing strong guidance, Nvidia’s stock initially dipped moderately before surging higher. Some analysts expressed concerns over slowing revenue growth, suggesting that the most optimistic estimates in Nvidia’s forecast were not exceeded, leading to the initial pullback. It remains to …