[Chart courtesy of MarketWatch.com] The market was in a holding pattern, as investors weighed the latest earnings reports and waited for the Fed’s policy decision. Some stocks shone, while others fizzled. General Motors revved up 7% after beating earnings expectations. F5 and Sanmina also impressed investors with their strong financial results, gaining 2% and 27%, respectively. Whirlpool, on the other …
Market Optimism Ahead Of Tech Earnings And Fed Policy Meeting, But Risks Remain
[Chart courtesy of MarketWatch.com] Wall Street was in a good mood as it awaited the earnings reports of some of the biggest tech giants and the Fed’s decision on interest rates. This week is the peak of the earnings season, with nearly a fifth of the S&P 500 companies revealing their financial performance. The market darlings Microsoft, Apple, Meta, Amazon, …
Market Rises On Strong GDP, But Tesla Drags Down MAG7
[Chart courtesy of MarketWatch.com] The market rose today, as traders digested signs of strong economic growth and the latest earnings reports. The U.S. economy grew by 3.3% in the fourth quarter, beating the 2% forecast and showing resilience despite Fed rate hikes. Of course, this number may change later when no one is paying attention. How can the forecast be …
Bond Yields Rise, Netflix Surges, China Struggles: A Mixed Day For The Market
[Chart courtesy of MarketWatch.com] Netflix added more subscribers than ever in the fourth quarter, sending its shares up 13%. The streaming giant now has 260.8 million couch potatoes hooked on its shows. It also beat revenue and earnings forecasts, making Wall Street happy. But not everyone was happy. Some traders were worried about the slowing economy and the risk of …
Dow Dips, Nasdaq Nips, Gold Glitters
[Chart courtesy of MarketWatch.com] The Dow Jones Industrial Average had a bad day, retreating from its all-time highs as traders sifted through the latest earnings reports, while the S&P 500 and Nasdaq squeezed out a positive finish after shaking off some midday jitters. The 30-stock index was dragged down by a 12% plunge in 3M, which issued a gloomy outlook. …
Market Rally Defies Hedge Fund Pessimism, Inflation Fears, And China Slump
[Chart courtesy of MarketWatch.com] The stock market reached new heights today, following up on Friday’s record-breaking rally. The Dow breached the 38,000 mark for the first time ever, gaining 145 points or 0.4%. The S&P 500 also rose 0.4%, hitting another all-time high. But not everyone is buying the bull run. Hedge funds have been betting heavily against stocks, with …