[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 …
Jobless Claims Spike, Raising Concerns About Market Sustainability
[Chart courtesy of MarketWatch.com] The Nasdaq and S&P 500 saw a modest rebound early in the day, with the Nasdaq attempting to recover from its worst decline in two years. However, by midday, a wave of selling pressure hit the markets, leading to a significant downturn, with the Dow suffering the most. The sell-off in tech stocks continued, driven by …
Economic Weakness Looms As Market Awaits Earnings Season Impact
[Chart courtesy of MarketWatch.com] Today’s market saw a continued rotation out of the tech sector, with the S&P 500 and Nasdaq retreating once again. The Nasdaq experienced its worst day in 19 months. Meanwhile, the Dow managed to stay above its unchanged line, eking out another green close. Tech giants like Apple, Netflix, Microsoft, and Meta each lost more than …
Bitcoin Rebounds Past $65k; Gold Hits New High
[Chart courtesy of MarketWatch.com] The rally broadened today with the Dow reaching record territory, while the Nasdaq lagged. A rotation out of tech and into Small Cap stocks continued, at least for now. Nvidia slipped about 2%, while Tesla and Meta each dropped over 1%. A massive short squeeze provided a significant boost, with the most shorted stocks rallying for …
Trump Media Stocks Soar As Small Caps And Energy Outperform; Bitcoin ETF Jumps 10%
[Chart courtesy of MarketWatch.com] The major indexes advanced early on as traders did not see any adverse effects from the Trump assassination attempt. In fact, the opposite happened with the general viewpoint being that this event could even further propel Trump’s popularity in the polls. Most of Wall Street’s preoccupation was the barrage of incoming earnings this week. Some insurers …