[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 …
ETF Tracker Newsletter For November 15, 2024
ETF Tracker StatSheet You can view the latest version here. FED’S CAUTIOUS STANCE HALTS POST-ELECTION RALLY [Chart courtesy of MarketWatch.com] The major indexes opened lower as the post-election rally came to an abrupt halt following Fed Chair Powell’s comments yesterday that he is “in no hurry” to continue cutting rates. This statement put significant pressure on equities, casting doubt …
Stocks And Cryptos Retreat As Traders Eye Inflation Data
[Chart courtesy of MarketWatch.com] The rally in stocks and cryptocurrencies came to a halt and reversed as traders grappled with recent record highs, shifting their focus to the October Producer Price Index (PPI). The PPI headline number matched forecasts with a 0.2% month-over-month increase, while September’s figure was revised upward from 0.0% to 0.1%. On an annual basis, the PPI …
Tech Stocks Falter, Bitcoin Soars Past $93k
[Chart courtesy of MarketWatch.com] The markets began the day on a positive note as traders sought to maintain the post-election momentum. However, by the end of the session, the major indexes had delivered mixed results. The hope that inflation is under control remains far from reality, a point I have emphasized throughout the year. Today’s Consumer Price Index (CPI) numbers …