Inflation Report No Surprise, S&P 500 Rises On Last Day Of February

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[Chart courtesy of MarketWatch.com] The S&P 500 edged up on the last day of February, as investors shrugged off an inflation report that met expectations and looked at some upbeat consumer spending data. The Fed’s favorite inflation indicator, the core PCE index, rose by 0.4% in January and 2.8% year-over-year, matching the Dow Jones estimates. The headline PCE index, which …

Investors On Edge As Inflation Report Looms; Bitcoin Steals The Show

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[Chart courtesy of MarketWatch.com] Investors were cautious today as they awaited a crucial inflation report coming out later this week. The report, based on the PCE index for January, is the Fed’s favorite way to measure inflation. Until then, the market is in limbo, waiting for a signal. The market is also trying to extend its recent gains that pushed …

Last Hour Bounce Saves S&P 500 And Nasdaq From Red Close

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[Chart courtesy of MarketWatch.com] It was a dull day for the stock market, as the major indexes barely moved, and the rally took a nap. Investors were waiting for some important data coming out later this week, but they got a surprise in the last hour when the S&P 500 and the Nasdaq turned green, thanks to another short squeeze. …

Amazon Joins Dow, S&P 500 Retreats, AI Boom In Question

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[Chart courtesy of MarketWatch.com] The S&P 500 took a small step back from its record high on Friday, as investors waited for the latest inflation data. Amazon replaced Walgreens in the Dow, boosting the index’s tech and retail exposure. The Dow is based on stock prices, not market values, so Amazon’s hefty share price will have a big impact. Treasury …

ETF Tracker Newsletter For February 23, 2024

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ETF Tracker StatSheet           You can view the latest version here. NVIDIA LEADS THE TECH RALLY, BUT WILL IT FOLLOW CISCO’S DOWNFALL? [Chart courtesy of MarketWatch.com] Stocks ended the week with a bang, thanks to Nvidia’s stellar earnings, that pushed its market value above $2 trillion. The chipmaker is now the third most valuable U.S. company, trailing only Microsoft and …