[Chart courtesy of MarketWatch.com] The U.S. stock market took another hit on Tuesday, as big tech stocks like Apple dragged it down further from its recent record highs. Apple lost almost 3% after a report showed that its iPhone sales tanked in China in the first six weeks of 2024. Other tech giants such as Tesla, Netflix and Microsoft also …
How NVDA Is Chasing Cisco’s Record As Gold And Bitcoin Soar
[Chart courtesy of MarketWatch.com] The Dow Jones Industrial Average took a break on Monday after hitting new highs in a rally driven by artificial intelligence stocks. Apple dropped more than 2% after the European Union slapped it with a $2 billion fine for abusing its market power in music streaming. The Nasdaq Composite, which is loaded with tech stocks, reached …
ETF Tracker Newsletter For March 1, 2024
ETF Tracker StatSheet You can view the latest version here. THE NASDAQ HITS A NEW HIGH: IS THIS A BUBBLE OR A BOOM? [Chart courtesy of MarketWatch.com] The Nasdaq Composite hit a new record high on Friday, breaking its previous peak from 2021. Investors were betting big on mega cap tech stocks, hoping to cash in on the slowing …
Inflation Report No Surprise, S&P 500 Rises On Last Day Of February
[Chart courtesy of MarketWatch.com] The S&P 500 edged up on the last day of February, as investors shrugged off an inflation report that met expectations and looked at some upbeat consumer spending data. The Fed’s favorite inflation indicator, the core PCE index, rose by 0.4% in January and 2.8% year-over-year, matching the Dow Jones estimates. The headline PCE index, which …
Investors On Edge As Inflation Report Looms; Bitcoin Steals The Show
[Chart courtesy of MarketWatch.com] Investors were cautious today as they awaited a crucial inflation report coming out later this week. The report, based on the PCE index for January, is the Fed’s favorite way to measure inflation. Until then, the market is in limbo, waiting for a signal. The market is also trying to extend its recent gains that pushed …
Last Hour Bounce Saves S&P 500 And Nasdaq From Red Close
[Chart courtesy of MarketWatch.com] It was a dull day for the stock market, as the major indexes barely moved, and the rally took a nap. Investors were waiting for some important data coming out later this week, but they got a surprise in the last hour when the S&P 500 and the Nasdaq turned green, thanks to another short squeeze. …