[Chart courtesy of MarketWatch.com] Moving the markets The stock market plunged today as bond yields soared to new highs. The trigger was the August job openings report, which showed a record-breaking 9.61 million vacancies in the U.S. economy. That’s a whopping 690,000 more than the previous month, and the largest jump since July 2020. The 10-year Treasury yield settled at …
Market Shrugs Off Shutdown Drama And Braces For More Rate Hikes
[Chart courtesy of MarketWatch.com] Moving the markets The stock market was in a bad mood on Monday, even though the politicians managed to avoid a government shutdown at the last minute. The market ended the day flat, like a pancake. The small-cap stocks were especially unhappy, as the Russell 2000 index dropped 1.7% and turned red for the year. This …
ETF Tracker Newsletter For September 29, 2023
ETF Tracker StatSheet You can view the latest version here. NO TREATS FOR THE BULLS: THE MARKETS ENDED SEPTEMBER AND Q3 IN THE RED [Chart courtesy of MarketWatch.com] Moving the markets The markets started Friday on a high note, thanks to the latest inflation data that made investors feel optimistic. But the good mood didn’t last long, as the …
Stocks Rebound On Short Squeeze, But Will It Last?
[Chart courtesy of MarketWatch.com] Moving the markets Stocks finally got off the floor on Thursday and clung to their gains until the end, as investors watched the wild swings in the bond market with bated breath. After weeks of getting hammered, the market needed a bounce. A massive short squeeze helped the bulls but don’t get too excited. This rally …
Inflation Concerns And Tightening Financial Conditions Drive Stock Market Turbulence
[Chart courtesy of MarketWatch.com] Moving the markets The stock market experienced a wild ride on Wednesday as Wall Street attempted to recover from steep losses seen in the previous session. This rollercoaster was fueled by a dip and then a rip in Treasury yields and the release of positive economic data. The benchmark 10-year Treasury yield rallied above the 4.6% …
S&P 500 Plunges As Home Sales Crash And Consumer Confidence Falls
[Chart courtesy of MarketWatch.com] Moving the markets The market had a terrible day today, as dismal reports on home sales and consumer confidence sent the S&P 500 to its lowest level in months. The index plunged 1.47%, breaking below 4,300 for the first time since June 9. The housing market showed signs of cooling down, as new home sales in …