[Chart courtesy of MarketWatch.com] It was another brutal day for stocks, as the Nasdaq Composite plunged deeper into the red zone, thanks to Meta’s disappointing earnings. The tech giant formerly known as Facebook failed to wow investors with its metaverse vision, and its stock dropped more than 10%. The Nasdaq Composite is now down more than 10% from its July …
Market Suffers As Alphabet Disappoints, Bond Yields Spook Growth Investors
[Chart courtesy of MarketWatch.com] The market went down the drain on Wednesday, thanks to Alphabet’s disappointing cloud numbers that dragged down the whole tech sector. The 10-year Treasury yield also bounced back above 4.95%, spooking growth investors and sending the 30-year above 5% again. Alphabet stock plunged over 9%, its worst drop since last October, as its cloud revenue fell …
Stocks Rise After Flip-Flopping, But Tech Giants Face Valuation Challenge
[Chart courtesy of MarketWatch.com] Stocks finally decided to go up on Tuesday, after changing their minds a few times, as investors paid attention to the latest earnings reports and bond yields. The 10-year yield stayed away from the scary 5% mark, which was a relief for everyone. Coca-Cola made more money than expected, and its stock jumped more than 3%. …
Treasury Yields Play Hide And Seek With 5%, Stocks End Lower
[Chart courtesy of MarketWatch.com] Monday was another wild ride for the stock market, as Treasury yields played peek-a-boo with the 5% mark. The 10-year note briefly crossed that threshold, only to retreat when hedge fund honcho Bill Ackman revealed that he had cashed out his bond shorts (with a nice profit) and warned that the economy was cooling off faster …
ETF Tracker Newsletter For October 20, 2023
ETF Tracker StatSheet You can view the latest version here. BOND YIELDS RISE TO 5%, STOCKS DROP TO NEW LOWS [Chart courtesy of MarketWatch.com] Stocks got another slap in the face Friday, as traders freaked out over the 10-year Treasury yield flirting with 5%, a level that spells trouble for the economy and the stock market. Higher yields mean …
Market Loses Hope After Powell’s Speech: Inflation And Interest Rates Bite
[Chart courtesy of MarketWatch.com] The stock market had a bad day on Thursday, thanks to Fed chair Powell’s party-pooper speech. He said that inflation was still too high for comfort, and that the economy might have to slow down a bit to cool it off. He basically said: We’re doing a great job at creating jobs and keeping prices stable. …