[Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s positive 1st trading day in the historically volatile month of September continued full force with the major indexes surging, as the S&P 500 and Nasdaq set new records in the process. Traders took some profits out of highflyers like Apple and Tesla and rotated into more beaten-down shares in other parts of …
Kicking Off September With New Records
[Chart courtesy of MarketWatch.com] Moving the markets After yesterday’s modest pullback (Dow and S&P), all of the major indexes came screaming back with the Nasdaq and S&P 500 ending up in record high territory, while the Dow did not set any records but sported a solid gain of +0.76%. To no surprise, the Nasdaq took top billing with a studly …
Tech Finishes August With A Bang
[Chart courtesy of MarketWatch.com] Moving the markets The Dow and the S&P 500 started the session in the red, bounced around their unchanged lines but could not muster enough upward momentum to achieve a green close. The Nasdaq, on the other hand, never slipped into the read and closed +0.68%, which was off its intra-day high. The Dow slumped all …
ETF Tracker Newsletter For August 28, 2020
ETF Tracker StatSheet You can view the latest version here. BOND YIELDS DROP, DOLLAR PUKES, GOLD SURGES [Chart courtesy of MarketWatch.com] Moving the markets The futures markets showed continued bullish momentum with the S&P 500 racing past a new milestone marker, namely its 3,500 level, above which it eventually closed thanks to the last hour ramp during the regular …
Bobbing And Weaving
[Chart courtesy of MarketWatch.com] Moving the markets All eyes were on the Fed’s two-year review of their policy framework with the focus being on their new idea of AIT (Average Inflation Target), which allows for periods when inflation could run hotter to make up for periods when it falls below the target with an averaged being 2% annually. Here are …
Nasdaq Scores A Chest-Pounding Gain
[Chart courtesy of MarketWatch.com] Moving the markets In a repeat from yesterday, the S&P 500 and Nasdaq surged to new highs with the latter sporting an impressive gain of +1.73% while the former trailed but logged in a solid +1.02%. The Dow fell short and lagged again, but gold put on an impressive performance as well. News of progress of …