[Chart courtesy of MarketWatch.com] In the financial markets, Thursday’s atmosphere was tense as stock futures took a nosedive in response to the latest economic data from the U.S. This data painted a picture of a slowing economy coupled with stubborn inflation. The trading day was characterized by significant selloffs, yet the major indexes managed to recover somewhat from the day’s …
Market Stalemate: Searching For The Next Decisive Move
[Chart courtesy of MarketWatch.com] In today’s trading session, the Nasdaq experienced a burst of energy at the open, thanks to Tesla’s post-earnings jump, which propelled the tech-centric index upward. This surge was sparked by Tesla’s announcement of a strategic shift towards more budget-friendly electric vehicles, causing its stock to soar over 13%. Despite this, the initial excitement seemed to fade …
Earnings Season Surge: U.S. Stocks Rally Amid Positive Momentum
[Chart courtesy of MarketWatch.com] In today’s financial landscape, the U.S. stock market experienced a significant rally, energized by the unfolding corporate earnings season. Investors were keen to capitalize on the robust gains from the previous session, setting a positive tone for the market. The anticipation was palpable as Tesla prepared to release its earnings report after the market closed, marking …
ETF Tracker Newsletter For April 19, 2024
ETF Tracker StatSheet You can view the latest version here. PRECIOUS METALS SURGE: A HARBINGER FOR EQUITY MARKETS? [Chart courtesy of MarketWatch.com] Current economic forecasts suggest that the Federal Reserve may delay any rate reductions until September or later, with some analysts not ruling out the possibility of no cuts throughout the year. Year-to-date analysis for 2024 reveals that …
Inflation Worries And Rate Hike Expectations: Wall Street’s Dilemma
[Chart courtesy of MarketWatch.com] The S&P 500 index continued its downward trajectory, extending its losing streak to five consecutive days. Wall Street witnessed a seesaw battle between optimism and caution, resulting in a lackluster recovery attempt. Meanwhile, the Nasdaq faced headwinds, struggling with a 3% decline this week, marking its longest negative streak since December 2022. Amidst this volatility, more …
Strange Trading Session: Stocks Go Vertical, Then Reverse
[Chart courtesy of MarketWatch.com] The S&P 500 extended its losing streak, dropping for a fourth consecutive session. Struggling technology stocks, including Nvidia, exerted downward pressure on the market. Interestingly, this is the third straight session where stocks opened higher but then faded throughout the day. Early in the trading day, stocks were sliding after the opening. However, around 10:55 AM …