[Chart courtesy of MarketWatch.com] This morning, the Dow and S&P 500 surged into record territory following President Trump’s announcement of his Treasury secretary nominee, Scott Bessent. Traders reacted positively to the news, cheering the nomination of the hedge fund manager, who recently suggested that any tariffs proposed by Trump should be implemented gradually. Despite the potential peace deal between Israel …
ETF Tracker Newsletter For November 22, 2024
ETF Tracker StatSheet You can view the latest version here. MAJOR INDEXES RECOVER AS BITCOIN NEARS $100K MILESTONE [Chart courtesy of MarketWatch.com] The major indexes continued their upward momentum, closing the week with gains and recovering from the previous week’s losses, which had seen the post-election rally lose steam. The markets appear to be stabilizing after absorbing the election …
Market Sentiment Stays Positive As Bitcoin Soars And Nvidia Recovers
[Chart courtesy of MarketWatch.com] Markets often demand perfection, and this was evident in Nvidia’s performance. Despite posting better-than-expected third-quarter results and issuing strong guidance, Nvidia’s stock initially dipped moderately before surging higher. Some analysts expressed concerns over slowing revenue growth, suggesting that the most optimistic estimates in Nvidia’s forecast were not exceeded, leading to the initial pullback. It remains to …
Bitcoin Hits Record, Retail Stocks Plunge: Nvidia Earnings Anticipated
[Chart courtesy of MarketWatch.com] The markets opened in negative territory, with Nvidia’s stock slipping ahead of its highly anticipated earnings report. By the end of the session, the major indexes had recovered, closing near their starting points. Traders view Nvidia’s upcoming report as a potential catalyst to invigorate the market for the rest of the year, especially after the recent …
Bitcoin Nears $100K As Major Indexes Recover From Early Losses
[Chart courtesy of MarketWatch.com] Geopolitical tensions between Ukraine and Russia initially dragged the markets down, exacerbated by the U.S. administration’s approval for Ukraine to use American weapons to strike inside Russia, raising fears of a potential World War III scenario. Despite this, the Nasdaq was the first of the three major indexes to recover, buoyed by a 2.4% rise in …
Gold Rebounds, Crude Oil Recovers As Major Indexes Show Mixed Results
[Chart courtesy of MarketWatch.com] The major indexes ended the day with mixed results, as only the S&P 500 and Nasdaq managed to close in the green. The Nasdaq received a significant boost from Tesla, which surged approximately 7% following news of potential regulatory easing for self-driving vehicles. Traders are now turning their attention to Wednesday’s earnings release from chip giant …