[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 …
Nasdaq Leads Market Lower As Fed Remains Tight-Lipped On Rate Cuts
[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 …