[Chart courtesy of MarketWatch.com] Today was a bad day for the US stock market, especially for the smaller companies. Nvidia dragged down the tech sector as investors worried about its high price before its earnings report tomorrow. Even the big names like Amazon, Microsoft, and Meta couldn’t escape the sell-off and lost more than 1% each. The financial sector had …
Hot Inflation Report Burns Stocks, No Rate Cuts Soon
[Chart courtesy of MarketWatch.com] Stocks took a hit on Friday, as another spicy inflation report raised doubts about the timing of Fed rate cuts this year. The PPI for January, which tracks wholesale inflation, rose 0.3%, beating the expected 0.1% increase. Without food and energy, the core-PPI jumped 0.5%, much higher than the forecasted 0.1% rise. The 10-year Treasury yield …
Love Is Back In The Air: Markets Bounce Back From Inflation Scare
[Chart courtesy of MarketWatch.com] The markets rebounded today after a Pre-Valentine’s Day massacre yesterday. Traders were feeling the love again as they shrugged off a higher-than-expected inflation report that spooked them on Tuesday. They worried that the Fed might not lower interest rates soon enough to keep the economy humming. The market had been overheated for a while, but it’s …
Inflation Fears Spook The Market, Small Caps Crash
[Chart courtesy of MarketWatch.com] The market had a bad day on Tuesday, thanks to the inflation report for January that showed consumer prices rising more than expected. This sent bond yields soaring and made traders doubt that the Fed could lower interest rates as much as they hoped, which was a big reason why stocks were doing so well. Small …
Calm Before The Storm? Markets Await Key Economic Reports
[Chart courtesy of MarketWatch.com] The Dow hit a record high today, while traders waited for new inflation and earnings reports. The S&P 500 also made history on Friday, closing above 5,000 for the first time ever. The index has gained more than 5% since January. The S&P 500, the Nasdaq, and the Dow all extended their winning streaks to five …
ETF Tracker Newsletter For February 9, 2024
ETF Tracker StatSheet You can view the latest version here. S&P 500 TOPS 5,000 ON LOWER INFLATION, BUT TECH-BOND GAP RAISES QUESTIONS [Chart courtesy of MarketWatch.com] The S&P 500 finally cracked the 5,000 mark today, thanks to a belated Christmas gift from the government: a lower inflation rate for December. The index had flirted with the milestone on Thursday, …