[Chart courtesy of MarketWatch.com] After yesterday’s strong gains, the markets took a breather today, with major indexes closing moderately lower. Small Caps suffered the most significant losses. Last night, the much-anticipated event occurred when Bitcoin pierced the $100k level for the first time. Within minutes, it surged to $104k before leveling off slightly below that mark. During today’s session, Bitcoin …
Tech Stocks Lead Market Rally Amid Economic Optimism
[Chart courtesy of MarketWatch.com] Equities began the session on a bullish note, with the S&P 500 and Nasdaq reaching new record highs. Following yesterday’s mixed performance, the major indexes appeared to shift back into bullish mode. However, it remains uncertain whether we will see a repeat of the post-election surge. Private payrolls, as reported by ADP, grew less than expected …
Job Openings Surge In October, Markets Show Mixed Reactions
[Chart courtesy of MarketWatch.com] The major indexes took a breather early on after a relentless climb over the past few months, with November standing out as the best performing month of the year. Both the S&P 500 and Nasdaq hit record highs yesterday, continuing their strong post-election gains, with the S&P 500 up 4.6% and the Nasdaq up 5.2%. The …
Bitcoin Outshines Stocks With 38% Gain In November
[Chart courtesy of MarketWatch.com] The S&P 500 and Nasdaq edged higher into record territory, while the Dow lagged after previously touching the 45,000 milestone. Intel, AI server maker Super Micro, and Tesla all saw significant gains, propelling the Nasdaq to lead today’s rally. November was the best month of the year for both the Dow and the S&P 500, with …
Economic Data Weakens, Bond Yields Drop, Bitcoin Surges
[Chart courtesy of MarketWatch.com] The markets experienced a slight pullback, likely due to profit-taking after a strong November, during which the S&P 500 climbed over 5%. The Nasdaq suffered the most, partly because Nvidia’s stock fell by more than 3.5%. The latest Personal Consumption Expenditure (PCE) price index, the Federal Reserve’s preferred inflation gauge, rose 2.8% year-over-year. This is the …
Seasonal Patterns Suggest S&P 500 Could See Gains Through New Year
[Chart courtesy of MarketWatch.com] Despite an early dip, the Dow managed to recover, and all three major indexes maintained the bullish sentiment from the previous day, with the Nasdaq leading the charge. However, Small Caps diverged and closed in the red. Traders were grappling with the implications of Trump’s announcement of 25% tariffs on products from Mexico and Canada, along …