[Chart courtesy of MarketWatch.com] The word of the day was “underwhelming,” as disappointing earnings from Alphabet and Tesla dragged the Nasdaq down by approximately 3.5%, while the S&P 500 slipped by 2.3%. Alphabet’s shares fell by 5%, and Tesla’s stock proved even more volatile, plummeting 11% due to weaker-than-expected results. Major players like Nvidia, Meta, and Microsoft also suffered, with …
Bears Prevail As Major Indexes Dip Despite Earnings Anticipation
[Chart courtesy of MarketWatch.com] The major indexes maintained yesterday’s upward momentum as we entered today’s session, buoyed by the anticipation of earnings reports from larger companies. However, by the end of the day, the bears prevailed, causing a slight dip into the red. Upcoming earnings reports from tech giants like Alphabet and Tesla are highly anticipated, offering traders an early …
Tech Sector Rebounds, Lifts Major Indexes
[Chart courtesy of MarketWatch.com] This morning, the tech sector regained some footing after a recent decline, helping to lift the major indexes. Nvidia led the charge with a 4% gain, recovering some of its losses from last week, followed by Meta, Alphabet, and Apple. Traders are navigating a complex landscape, with factors ranging from Biden’s withdrawal to earnings reports, and …
ETF Tracker Newsletter For July 19, 2024
ETF Tracker StatSheet You can view the latest version here. BITCOIN BREAKS $67K AS TECH STOCKS FALTER AND BOND YIELDS RISE [Chart courtesy of MarketWatch.com] The downward trend persisted today, leaving traders likely relieved that the week is finally over. Earlier hopes for an easing of interest rates had prompted a rotation out of tech stocks and into broader …
Jobless Claims Spike, Raising Concerns About Market Sustainability
[Chart courtesy of MarketWatch.com] The Nasdaq and S&P 500 saw a modest rebound early in the day, with the Nasdaq attempting to recover from its worst decline in two years. However, by midday, a wave of selling pressure hit the markets, leading to a significant downturn, with the Dow suffering the most. The sell-off in tech stocks continued, driven by …
Economic Weakness Looms As Market Awaits Earnings Season Impact
[Chart courtesy of MarketWatch.com] Today’s market saw a continued rotation out of the tech sector, with the S&P 500 and Nasdaq retreating once again. The Nasdaq experienced its worst day in 19 months. Meanwhile, the Dow managed to stay above its unchanged line, eking out another green close. Tech giants like Apple, Netflix, Microsoft, and Meta each lost more than …