ETF Tracker StatSheet You can view the latest version here. STOCK MARKET FACES TURBULENCE: IS A RECESSION ON THE HORIZON? [Chart courtesy of MarketWatch.com] The markets suffered a significant downturn this morning, driven by a weaker-than-expected July jobs report that dampened any bullish sentiment. Nonfarm payroll jobs increased by only 114,000 last month, a sharp decline from the 179,000 …
Weak Economic Data Sparks Market Downturn, Nasdaq Drops 2.3%
[Chart courtesy of MarketWatch.com] The markets faced a significant downturn today, as weak economic data erased an early rally. Major indexes dipped into the red, with the Nasdaq dropping 2.3%, effectively wiping out most of yesterday’s gains. Initial jobless claims surged to 249,000 for the week ending July 27, surpassing the estimated 235,000. Additionally, the ISM manufacturing index, which reflects …
Tech Titans Lead Nasdaq Rally Amid Earnings Surprises
[Chart courtesy of MarketWatch.com] The tech sector saw a significant boost, led by Advanced Micro Devices (AMD), which lifted the Nasdaq to an impressive gain after surpassing second-quarter expectations. Nvidia followed suit, achieving its largest single-day gain ever at 12%. Meanwhile, Microsoft experienced a decline due to underwhelming cloud business performance but managed to recover by the close of trading. …
Market Volatility: Dollar Steady, Gold Rises, Bitcoin Nears $66k
[Chart courtesy of MarketWatch.com] The stock market opened on a positive note but soon fluctuated around their respective unchanged lines, as traders focused on earnings reports and the Federal Reserve’s policy meeting. By the end of the session, only the Dow managed to close in positive territory, while the S&P 500 and Nasdaq ended in the red. Interestingly, despite the …
Tech Giants’ Earnings And Fed Meeting Keep Markets On Edge
[Chart courtesy of MarketWatch.com] With a busy week of earnings ahead, the major indexes began the session on a positive note. However, after much fluctuation, they ended nearly unchanged. The tech sector is poised for significant movement as industry giants like Microsoft, Meta, Amazon, and Apple are set to report their earnings in the coming days. Additionally, the Federal Reserve …
ETF Tracker Newsletter For July 26, 2024
ETF Tracker StatSheet You can view the latest version here. MARKET AWAITS KEY MACRO EVENTS AFTER WEEK OF MIXED PERFORMANCES [Chart courtesy of MarketWatch.com] Today, stocks staged a notable comeback, attempting to recover some of the declines experienced earlier in the week as traders analyzed the latest inflation data. Several factors contributed to this rebound: Market sentiment was oversold, …