ETF Tracker StatSheet You can view the latest version here. MARKET AWAITS KEY MACRO EVENTS AFTER WEEK OF MIXED PERFORMANCES [Chart courtesy of MarketWatch.com] Today, stocks staged a notable comeback, attempting to recover some of the declines experienced earlier in the week as traders analyzed the latest inflation data. Several factors contributed to this rebound: Market sentiment was oversold, …
Surprising GDP Report Shakes Market Expectations
[Chart courtesy of MarketWatch.com] The rotation out of technology stocks continued early today, with the Nasdaq experiencing another drop, albeit more moderate than before. The indexes initially found some stability and rallied, but ultimately lost momentum by the close. The Nasdaq lagged, while Small Caps rallied, the S&P 500 sold off again, and only the Dow managed to eke out …
Mega-Cap Stocks Suffer Largest Daily Loss Since October 2022
[Chart courtesy of MarketWatch.com] The word of the day was “underwhelming,” as disappointing earnings from Alphabet and Tesla dragged the Nasdaq down by approximately 3.5%, while the S&P 500 slipped by 2.3%. Alphabet’s shares fell by 5%, and Tesla’s stock proved even more volatile, plummeting 11% due to weaker-than-expected results. Major players like Nvidia, Meta, and Microsoft also suffered, with …
Bears Prevail As Major Indexes Dip Despite Earnings Anticipation
[Chart courtesy of MarketWatch.com] The major indexes maintained yesterday’s upward momentum as we entered today’s session, buoyed by the anticipation of earnings reports from larger companies. However, by the end of the day, the bears prevailed, causing a slight dip into the red. Upcoming earnings reports from tech giants like Alphabet and Tesla are highly anticipated, offering traders an early …
Tech Sector Rebounds, Lifts Major Indexes
[Chart courtesy of MarketWatch.com] This morning, the tech sector regained some footing after a recent decline, helping to lift the major indexes. Nvidia led the charge with a 4% gain, recovering some of its losses from last week, followed by Meta, Alphabet, and Apple. Traders are navigating a complex landscape, with factors ranging from Biden’s withdrawal to earnings reports, and …
ETF Tracker Newsletter For July 19, 2024
ETF Tracker StatSheet You can view the latest version here. BITCOIN BREAKS $67K AS TECH STOCKS FALTER AND BOND YIELDS RISE [Chart courtesy of MarketWatch.com] The downward trend persisted today, leaving traders likely relieved that the week is finally over. Earlier hopes for an easing of interest rates had prompted a rotation out of tech stocks and into broader …