[Chart courtesy of MarketWatch.com] The S&P 500 bounced back from a three-day slump and closed higher on Thursday, as investors awaited the crucial jobs report on Friday. Google-parent Alphabet led the gains with a 5% jump, thanks to its new Gemini AI model that promises to revolutionize search and advertising. Chipmakers Nvidia and AMD also rose by 1% and 5%, …
Market Fizzles Out As Economic Data Sends Mixed Signals
[Chart courtesy of MarketWatch.com] The stock market had a roller-coaster ride on Wednesday, as investors weighed the mixed signals from the latest economic data. On one hand, inflation seemed to be cooling, as labor costs fell, and productivity rose more than expected. On the other hand, the job market showed signs of slowing down, as private payrolls grew less than …
Nasdaq Outperforms As Liquidity Divergence Widens
[Chart courtesy of MarketWatch.com] The stock market seemed to be in a daze as it drifted sideways without a clear direction. After a strong rally in the past weeks, investors seemed to lose their enthusiasm and confidence. The previous session ended with losses for the major indexes, raising doubts about the sustainability of the market’s momentum. Despite the recent slump, …
Markets Slip, Bitcoin And Gold Shine, Nvidia Sells: What’s Going On?
[Chart courtesy of MarketWatch.com] The markets had a case of the Mondays, as they dipped after five weeks of gains. But they didn’t give up easily and bounced back in the afternoon to minimize the damage. While stocks were having a hard time, bitcoin and gold were having a party in overnight trading. Bitcoin soared past $41,000 to hit a …
Market Celebrates Thanksgiving With A Feast Of Gains, But Will It Face A Reality Check Soon?
[Chart courtesy of MarketWatch.com] The stock market celebrated Thanksgiving with a feast of gains, as the Dow Jones Industrial Average hit a new high for 2023 on Thursday. The index was boosted by inflation data that raised hopes of a Fed rate cut next year. The S&P 500 also managed to end the day in positive territory, while the Nasdaq …
Market Swings Between Hope And Fear As Fed Sends Mixed Signals
[Chart courtesy of MarketWatch.com] The stock market had a wild ride today, as investors were torn between hope and fear. On one hand, they hoped that the Fed was done hiking rates, and that the economy would be growing faster than expected. On the other hand, they feared that inflation was still a threat and that the Fed might change …