[Chart courtesy of MarketWatch.com] The Nasdaq Composite led the market lower for the third consecutive day, extending its worst daily drop since October 2023. Investors seemed to lose their appetite for the tech darlings of last year, which had soared on hopes of a dovish fed in 2024. But with the economy still struggling and no clear signal from the …
Stocks Start 2024 On A Negative Note, As Rates Rise And Data Disappoint
[Chart courtesy of MarketWatch.com] The new year started with a sour note for stocks, as they continued their downward slide from the end of 2023. Rising interest rates and profit-taking after a stellar 2023 weighed on the market, especially the Nasdaq, which suffered its worst drop in more than two months. Apple was among the biggest losers, as Barclays cut …
ETF Tracker Newsletter For December 29, 2023
ETF Tracker StatSheet You can view the latest version here. WALL STREET’S WILD RIDE: HOW AI, THE FED, AND GOLD SHAPED THE MARKETS IN 2023 [Chart courtesy of MarketWatch.com] The year 2023 failed to end with a bang for Wall Street, with the S&P 500 not soaring to new heights. However, it had a remarkable comeback from a dismal …
S&P 500 Inches Closer To New Peak, But Correction Fears Grow
[Chart courtesy of MarketWatch.com] The S&P 500 barely budged today, but it was enough to inch closer to a new record high. Wall Street is hoping to end 2023 with a bang, after a stellar fourth quarter that erased the losses of the previous one. The S&P is up 11.7% for the quarter, its best performance in three years, and …
Stocks Flat, Dollar Sinks, Gold Shines: A Tale Of Two Markets
[Chart courtesy of MarketWatch.com] The major indexes barely budged from their flat lines, as the S&P 500 flirted with its all-time high and missed it by a hair. Traders were itching to see a new record, but they knew it could be followed by a cold shower or a retreat. Stocks were enjoying the “Santa Claus rally,” a festive period …
Inflation Fears Ease, Boosting Stocks And Gold In Final Week Of The Year
[Chart courtesy of MarketWatch.com] The stock market kept up its momentum from last week and kicked off the final week of the year with a bang. The S&P 500 edged closer to its all-time high, as investors shrugged off the holiday blues and low trading volume. The upbeat mood was fueled by signs of easing inflation, which is getting closer …