[Chart courtesy of MarketWatch.com] Moving the markets The stock market kicked off the week with a bang, as tech stocks bounced back from their recent slump. Tesla was the star of the show, soaring more than 9% after Morgan Stanley gave it a thumbs up and predicted a big rally ahead, thanks to its self-driving software. Maybe Elon Musk can …
ETF Tracker Newsletter For September 8, 2023
ETF Tracker StatSheet You can view the latest version here. WALL STREET ENDS LOSING WEEK AS FED FEARS LOOM LARGE [Chart courtesy of MarketWatch.com] Moving the markets Wall Street had a rough week, despite a slight uptick on Friday. Investors were worried that the Fed might hike rates sooner and faster than expected, erasing most of the early gains …
Fed Fears And China Ban Spook Wall Street
[Chart courtesy of MarketWatch.com] Moving the markets Wall Street was worried on Thursday as the Fed might raise interest rates again this year. Apple and other tech stocks suffered as China banned iPhones in state firms. Jobless claims were lower than expected, and labor costs were higher, signaling a strong labor market. This, along with rising energy prices, could pressure …
Stocks Slump As Oil Prices Spoil Dovish Dreams
[Chart courtesy of MarketWatch.com] Moving the markets Wall Street had a bad day on Wednesday, as tech and consumer stocks dragged the market down. Nvidia, Apple and Tesla were among the worst performers, losing about 3% each. The “Magnificent 7” stocks were not so magnificent after all. Oil prices soared to their highest level since November, as Saudi Arabia and …
Stocks Face A Triple Whammy: Oil, Yields And Recession Fears
[Chart courtesy of MarketWatch.com] Moving the markets It was a tough Tuesday for stocks as they started the week with a drop, dragged down by rising oil prices. Saudi Arabia decided to keep cutting its oil production by 1 million barrels per day, pushing the West Texas Intermediate futures above $87 per barrel, the highest since November. That’s gotta hurt! …
ETF Tracker Newsletter For September 1, 2023
ETF Tracker StatSheet You can view the latest version here. US JOBS REPORT: MORE QUESTIONS THAN ANSWERS [Chart courtesy of MarketWatch.com] Moving the markets The US jobs report for August was a mixed bag that left investors scratching their heads. On one hand, the unemployment rate jumped to 3.8%, the highest since January, suggesting a slowdown in the labor …