[Chart courtesy of MarketWatch.com] The major indexes had a bumpy ride on Thursday, as they plunged after the opening bell, then bounced back, and ended the day flat. The trigger for the initial sell-off was the latest inflation report, which showed that consumer prices rose more than expected in December, reaching the highest annual rate in 13 years. The CPI …
Stocks Rise Ahead Of Inflation And Earnings Reports
[Chart courtesy of MarketWatch.com] Traders pushed stocks higher today, as they waited for the latest U.S. inflation and earnings reports. The consumer price index (cpi) for December, due tomorrow, is expected to show a 3.2% annual increase. Traders will scan the reports for hints on when the fed will start lowering rates. Those hopes have faded a bit lately, even …
Stocks Recover From Early Drop, Investors Eye Inflation Clues
[Chart courtesy of MarketWatch.com] U.S. indexes had another rough day on Tuesday, but they managed to recover some of their losses by the end of the session. Tech stocks, which had soared on Monday, gave back some of their gains as Unity Software announced a massive layoff, Netflix got downgraded by Citi, and Apple and Tesla slipped. The only bright …
Wall Street Recovers From Rough Week, Led By Tech Sector
[Chart courtesy of MarketWatch.com] The tech sector led a rebound on Wall Street today, as investors snapped up bargains after a brutal week. The S&P 500 and Nasdaq Composite both gained ground, while the Dow lagged due to Boeing’s woes. The rally in tech stocks came as bond yields eased, making the sector’s lofty valuations more attractive. Yields have been …
ETF Tracker Newsletter For January 5, 2024
ETF Tracker StatSheet You can view the latest version here. MARKET MADNESS: STOCKS AND BONDS SWING WILDLY ON JOBS REPORT [Chart courtesy of MarketWatch.com] The stock market had another day of mixed signals, as investors tried to make sense of the latest economic news. After a morning rally, the major indexes gave up most of their gains by the …
Nasdaq Slumps For Fifth Day As Economy Heats Up And Fed Cools Down
[Chart courtesy of MarketWatch.com] The Nasdaq Composite had another bad day on Thursday, dropping for the fifth time in a row — its worst run since last December. Big tech stocks like Apple are not doing well this year, as investors are worried that they are too expensive and that the Fed might raise interest rates sooner than expected. The …