[Chart courtesy of MarketWatch.com] In today’s trading session, stock performance remained static as traders sought stability after last week’s downturn. Despite a general uptick in the market, the rise in Treasury yields, particularly the benchmark 10-year yield which ascended by 5 basis points to 4.426%, tempered broader gains. The Dow Jones Industrial Average recorded its poorest weekly showing since March …
Market Tumbles Amid Oil Surge And Rate Cut Uncertainty
[Chart courtesy of MarketWatch.com] The stock market began on a positive note but quickly reversed course as investors braced for the upcoming March jobs report. Rising oil prices and concerns that the Federal Reserve might pause interest rate cuts contributed to negative market sentiment. Midday, crude oil prices surged, with WTI oil reaching over $86 per barrel, its highest since …
Market Rally Continues Unabated: Is History Set To Repeat Itself?
[Chart courtesy of MarketWatch.com] The S&P 500 marked a moderate rise today, achieving its strongest first-quarter performance in five years and securing a fifth consecutive month of gains. The stock market has seen an upward trend for 18 of the past 22 weeks, a streak not surpassed since 1989. While the broader market indexes hovered around the break-even point, the …
S&P 500 Snaps Losing Streak: A Prelude To A Strong Quarter Close?
[Chart courtesy of MarketWatch.com] The S&P 500 bounced back, halting a three-day losing streak, buoyed by a substantial short squeeze that counteracted a $32 billion equity sell-off by pension funds. The tech-heavy MAG 7 staged a late-day rally, securing a positive close. In the spotlight, Cintas shares soared 7% following impressive earnings, while Merck’s stock climbed nearly 5%, reaching a …
Market Muddle: S&P 500 At A Crossroads After Mixed Data
[Chart courtesy of MarketWatch.com] Today, U.S. stocks experienced a modest uptick as traders aimed to reignite the rally that previously propelled equities to record levels, despite a slight setback in the last session. Newly released economic figures revealed a 1.4% increase in orders for durable goods in February, surpassing economists’ predictions of 0.8%. One analyst suggested that the combination of …
Bitcoin’s Bullish Surge Overshadows Mixed Market Data
[Chart courtesy of MarketWatch.com] Today, Wall Street’s recent surge took a pause, leading to a dip in stock values as the trading week commenced. Despite this, the market is poised for its fifth straight month of gains, with major U.S. stock benchmarks reaching unprecedented closing highs just last week. The S&P 500 saw an increase of approximately 2.3%, the Dow …