[Chart courtesy of MarketWatch.com] Nvidia’s jump to a new record, while conquering the $3 trillion market cap, sparked bullish sentiment, at least in the Dow and S&P 500, both of which headed higher right after the opening bell. The latter scored a new all-time high late in the session, as the 10-year yield slipped to 4.29%. With traders looking everywhere …
Market Volatility Intensifies As Bulls And Bears Battle For Control
[Chart courtesy of MarketWatch.com] The major indexes continued their efforts to overcome a listless start to June, and they started this session by being stuck to their unchanged lines, until a last hour surge pushed them to a green close. On the economic side, employment data from the Labor Department showed some 8 million job openings in April vs. …
Salesforce’s 20% Drop And Inflation Anxiety Set Bearish Tone For Major Indexes
[Chart courtesy of MarketWatch.com] The major indexes started this session deep in the red, with Salesforce’s 20% drop due to a revenue miss and weak guidance setting a bearish background, while upcoming key inflation data created anxiety on the trading floors. Despite this being a holiday shortened week, the major indexes are modestly in the red and seem to be …
Dow Dips Over 1% As Nvidia’s Volatility Shakes Wall Street’s Confidence
[Chart courtesy of MarketWatch.com] All focus was on Nvidia, with the tech darling dumping and pumping and having a volatile session. It vacillated sharply around its unchanged line and was in danger of scoring its first negative session since its blowout earnings. In the end, the stock closed higher by a scant +0.8%, but it hit a new record high. …
From Silicon To Oil: Diverse Gains As Nvidia Dominates And Commodities Climb
[Chart courtesy of MarketWatch.com] The Nasdaq powered to a new high today, and briefly crossed above its 17k milestone, thanks to Nvidia’s continued upward momentum. The tech-heavy index led the major indexes in a sluggish start to the last trading week of May. All three major indexes look to close out a strong month after having scored new all-times at various points, despite …
ETF Tracker Newsletter For May 24, 2024
ETF Tracker StatSheet You can view the latest version here. NASDAQ LEADS MARKET REBOUND AS TECH STOCKS RALLY DESPITE RATE CUT HOPES DIMMING [Chart courtesy of MarketWatch.com] The major indexes inched higher trying to recover from yesterday’s drubbing, the worst since March 2023. The Nasdaq led the rebound, and the Dow lagged. Despite hopes being dashed that the Fed …