[Chart courtesy of MarketWatch.com] The major indexes barely budged today, except for the S&P 500, which flirted with the 5,000 mark for the first time in history. Small caps, on the other hand, had a blast and soared by more than 1% thanks to a huge short squeeze. Traders were busy digesting earnings reports, with some big winners and losers. …
How Long Can The Tech And AI Rally Last In The Face Of Rising Rates And Bank Woes?
[Chart courtesy of MarketWatch.com] The stock market had a good day on Wednesday, as the S&P 500 got close to the 5,000 mark for the first time ever. Investors were happy with the latest earnings reports, which mostly beat the low expectations. Big tech and AI companies did especially well, but they also hogged most of the spotlight. The problem …
No Rate Cut In Sight, Powell Says Some Banks May Go Bust
[Chart courtesy of MarketWatch.com] The Dow Jones Industrial Average rose on Tuesday, but it was hardly a cause for celebration. Wall Street was busy digesting the latest earnings reports and the Fed’s reluctance to cut rates anytime soon. The S&P 500 and Nasdaq barely scraped by with positive returns, thanks to some last-minute shopping by bargain hunters. Traders were left …
Stocks And Bonds Go Their Separate Ways After Powell Dashes Rate Cut Hopes
[Chart courtesy of MarketWatch.com] The market had a rough start today as Fed chair Powell poured cold water on the hopes of rate cut seekers. He repeated his hawkish stance in a “60 Minutes” interview last night, saying he needed more proof that inflation was under control before he would consider lowering rates. This sent bond yields soaring and stock …
Stocks Rally As Fed Stands Firm And Banks Struggle
[Chart courtesy of MarketWatch.com] The stock market rose today after a terrible day yesterday, when the Federal Reserve kept interest rates the same but hinted that it won’t lower them in March. That made stocks fall, but they bounced back today as investors decided that the Fed might have made a mistake. The Fed has always said that it would …
Powell Pours Cold Water On Rate Cut Hopes, Tech Sector Sinks
[Chart courtesy of MarketWatch.com] Today was a bad day for tech stocks, as Microsoft and Alphabet dragged down the whole sector with their disappointing performance. Alphabet’s shares fell over 5%, their worst drop since last October, as their ad revenue failed to impress investors despite beating earnings and sales expectations. Microsoft and AMD also lost 1.3% and 4% of their …