[Chart courtesy of MarketWatch.com] Equities slipped early on, as bullish sentiment faltered slightly after the consistent recovery over the past week, with the S&P 500 registering eight straight winning sessions. Reduced volatility was the main contributor after the disastrous start to August. Earnings reports were mixed, with Palo Alto Networks jumping while home retailer Lowe’s dropped after poor revenue and …
Markets Rebound Despite Early Slips And Economic Concerns
[Chart courtesy of MarketWatch.com] Coming off a winning week, the major indexes initially slipped but managed to regain their footing, closing in the green once again. The markets went through a significant downturn in early August due to the Japanese yen debacle and disappointing jobs data, which heightened traders’ concerns that the Federal Reserve was lagging in easing its interest …
ETF Tracker Newsletter For August 16, 2024
ETF Tracker StatSheet You can view the latest version here. GOLD SURGES TO RECORD HIGH AS DOLLAR HITS 5-MONTH LOWS [Chart courtesy of MarketWatch.com] The major indexes entered a consolidation phase following this week’s recovery rally, which erased the losses sustained in early August. The S&P 500 has now broken even. A midday comeback propelled US equities to their …
Retail Sales Boost Equities, But Economic Concerns Persist
[Chart courtesy of MarketWatch.com] The major indexes surged right after the opening bell, driven by growing trader confidence that a recession could be avoided due to better-than-expected retail sales. The July retail numbers reportedly increased by 1%, significantly surpassing the forecast of 0.3%, while volatile jobless claims fell for the week. However, revisions are likely on the horizon, as ZH …
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 …