[Chart courtesy of MarketWatch.com] Equities scored moderate gains, led by the Dow, as the much-anticipated Consumer Price Index (CPI) fell below the 3% mark, coming in at 2.9%, its lowest reading since 2021. Month-over-month prices increased by 0.2%, aligning with expectations, as did core inflation, which excludes food and energy. This follows a better-than-expected Producer Price Index (PPI) report, which …
Major Indexes Climb As PPI Rises Modestly, Traders Eye CPI And Nvidia Earnings
[Chart courtesy of MarketWatch.com] The major indexes experienced an upward climb as the Producer Price Index (PPI) increased by only 0.1% last month, compared to the anticipated 0.2% rise for July, which would have matched the previous month’s increase. This modest rise in PPI provided hope for those advocating for a dovish shift in Federal Reserve policy. However, it also …
Gold Soars, Bitcoin Whipsaws: Market Awaits Inflation Numbers
[Chart courtesy of MarketWatch.com] Ahead of key inflation data points, the markets fluctuated but maintained a somewhat bullish sentiment. The Dow showed the most weakness, lagging the S&P 500 and Nasdaq. Nvidia’s 2% surge helped the Nasdaq take the lead. Wednesday’s consumer price index (CPI) report for July will be crucial. Any improvement could raise hopes that the Federal Reserve …
ETF Tracker Newsletter For August 9, 2024
ETF Tracker StatSheet You can view the latest version here. INVESTOR VOLATILITY: EQUITIES UNLOADED AS MONEY MARKET ASSETS HIT RECORD HIGH [Chart courtesy of MarketWatch.com] After yesterday’s strong comeback session, upward momentum slowed, but traders and algorithms continued to push the indexes higher, erasing most losses from earlier in the week. This recovery followed Monday’s steep global sell-off, triggered …
Bears Take Control: Dow Suffers Worst 5-Day Start In Six Years
[Chart courtesy of MarketWatch.com] After yesterday’s comeback session, bullish sentiment persisted in the markets as traders attempted to recover some of the recent losses. However, the bears ultimately took control, causing major indexes to reverse and close in the red. The Dow experienced its worst five-day start to a month in six years. The tech sector failed to maintain its …
Equities Rebound After Intense Selling Pressure: Is The Downturn Over?
[Chart courtesy of MarketWatch.com] After the intense selling pressure during the first three trading days of August, which drove the S&P 500 down by over 6%, equities rebounded today, recovering some of their losses. Whether this marks the end of the downturn or is merely a relief bounce remains uncertain. The tech sector also saw a recovery, with major players …