[Chart courtesy of MarketWatch.com] Tech shares, which were the stars of last year’s bull run, faced significant losses this morning as last week’s sell-off continued. The Nasdaq led the decline, while the Dow remained in positive territory. However, a slow and steady climb helped the S&P 500 close in the green. Some of the most popular tech leaders in the …
Markets Stabilize As Dip Buyers Lift Dow And S&P 500
[Chart courtesy of MarketWatch.com] The markets continued to face challenges following significant declines in big tech stocks during the previous session. Traders are primarily concerned about the trajectory of interest rate cuts, which are crucial for maintaining the bullish cycle. Adding to the negative sentiment were reports indicating that private sector job creation in December fell more than expected, while …
Gold Gains Amid Market Turmoil And Dollar Rally
[Chart courtesy of MarketWatch.com] This morning, the markets experienced a significant downturn, with the Nasdaq leading the decline. Bond yields spiked, with the 10-year yield rising by 6 basis points to 4.70%, its highest level since April 2024. This spike was driven by the ISM Services Inflation Index, which surged to nearly two-year highs, casting doubt on the Federal Reserve’s …
Tech Sector Hits Record Highs, Bitcoin Surges
[Chart courtesy of MarketWatch.com] The markets opened on a positive note following last week’s pullback. The chip sector played a significant role in driving stocks higher, with Nvidia gaining nearly 5% early on, while Broadcom and Micron added 2.9% and 9%, respectively. Early bullish sentiment was further supported by a Washington Post report suggesting that Trump’s tariff plan would be …
Tech Giants Struggle As Major Indexes Reverse Early Gains
[Chart courtesy of MarketWatch.com] After a weak close to an otherwise strong 2024, the markets opened on a positive note, buoyed by Nvidia and the energy sector, which helped to boost bullish sentiment. However, despite this encouraging start, the major indexes reversed course, and the gains evaporated, leading to a moderate close in the red. The silver lining was that …
Markets End 2024 On A Sour Note Despite Strong Annual Gains
[Chart courtesy of MarketWatch.com] On the last day of 2024, the major indexes initially found support, but sentiment shifted at midday, leading to a red close. The S&P 500 has now closed lower for four consecutive days. Despite this, the index recorded its second consecutive annual gain of over 20%, thanks to rate cuts, better-than-expected economic growth, and advances in …