[Chart courtesy of MarketWatch.com] Moving the markets The S&P 500 managed to find some footing, after a mid-day gag caused by surging bond yields, and scored another record close, powered by blowout earnings from the tech sector, namely Apple and Facebook. Despite their solid performances, the Nasdaq lagged the other two major indexes for the day by a wide margin. …
Stuck In Limbo
[Chart courtesy of MarketWatch.com] Moving the markets While the futures were flat, the regular session opened with a bounce for the S&P 500, while the Dow and Nasdaq hovered below their respective unchanged lines. In the end, all three indexes meandered aimlessly all day and ended slightly in the red. The much-expected Fed announcement was a nothing burger with no …
Treading Water
[Chart courtesy of MarketWatch.com] Moving the markets After having closed at record levels yesterday, the S&P 500 and Nasdaq traded aimlessly around their respective unchanged lines, with the Dow treading water as well. The Nasdaq has now finalized a rebound from its 11% correction, which began in February. Tesla shares retreated some 3% despite the company posting a record net …
Modest Advances Ahead Big Earnings Week
[Chart courtesy of MarketWatch.com] Moving the markets Ahead of a big earnings week, two of the three major indexes managed to eke out some gains, while the Dow slid slightly into the red due to the consumer staples sector retreating over 1%. The cause was surging commodity prices, which increased inflation fears, as corn and copper, among others, reached their …
ETF Tracker Newsletter For April 23, 2021
ETF Tracker StatSheet You can view the latest version here. RECOVERING AND RALLYING INTO THE WEEKEND [Chart courtesy of MarketWatch.com] Moving the markets The futures recovered from Thursday’s “capital gains sell-off,” the mood of which carried over into the regular session, with the S&P 500 adding over 1% and thereby ending the week just about unchanged (-0.1%). The Nasdaq …
Markets Puke On News Of Capital Gains Tax Doubling
[Chart courtesy of MarketWatch.com] Moving the markets A weak opening reversed quickly, as the major indexes found enough mojo to reclaim their respective unchanged lines. That is until news struck fear in the hearts of traders because of the Biden Administration’s plan for the capital gains tax to be almost doubled. Via ZH, Bloomberg explained it this way: The plan …