[Chart courtesy of MarketWatch.com] Early trading saw equities take another dive as the latest inflation data wreaked havoc on the markets. However, following this significant downturn, a remarkable intraday recovery pushed the major indexes firmly into the green. This turnaround was largely driven by Nvidia’s CEO, who reassured investors by stating, “the demand for chips is so great, everyone wants …
S&P 500 And Nasdaq End In Green Amid Volatile Trading Session
[Chart courtesy of MarketWatch.com] The markets suffered a tumultuous day, initially edging higher before collapsing precipitously, only to regain their footing and ending with another winning session. Among the three major indexes, only the S&P 500 and Nasdaq managed to close in the green after this roller coaster ride. The tech sector has been struggling, with the XLK ETF losing …
Inflation Data In Focus As Markets Attempt To Recover From Steep Losses
[Chart courtesy of MarketWatch.com] The markets began the session on a positive note, attempting to recover from last week’s steep losses. Although early upward momentum was briefly lost, bullish sentiment soon resumed, leading the major indexes to gain over 1% by the end of the day. In the S&P sectors, technology and communications were the top performers, each advancing by …
Gold Prices Surge As Recession Fears And Lower Bond Yields Persist
[Chart courtesy of MarketWatch.com] After two consecutive losing sessions, the major indexes made a notable comeback, led by the Nasdaq, as traders revived the tech sector from its slump. Early on, bargain hunters took advantage of the dip, but bearish sentiment soon resurfaced, causing the Dow and S&P 500 to close in the red once again. Today’s jobless claims fell …
Markets Plunge Again As Early Gains Fade; September Volatility Looms
[Chart courtesy of MarketWatch.com] The major indexes began the session fluctuating around their respective unchanged lines with a slightly positive bias. Tech giant Nvidia managed to temporarily recover some of yesterday’s sharp losses, which marked the worst performance for equities since August 5th. However, early bullish enthusiasm faded, leading the markets to another red close. Dropping bond yields failed to …
Manufacturing Woes Trigger Market Plunge; Stagflation Fears Rise
[Chart courtesy of MarketWatch.com] Concerns about a slowing economy pulled the markets down from their lofty levels right after the opening bell. The tech sector led the decline, with Nvidia’s 10% drop providing no reason for traders to be bullish. Unsurprisingly, other semiconductor stocks followed suit and declined as well. The S&P 500’s 2.1% plunge marked its worst performance since …