[Chart courtesy of MarketWatch.com] Moving the markets The market took a small but widespread dip today, as investors are facing a flood of earnings reports from 160 companies in the S&P 500. The mood was tense, but not hopeless, as most of the firms beat the low expectations that were set for them. Some analysts think this means the economy …
Market Ends July With A Bang, But Will It Last?
[Chart courtesy of MarketWatch.com] Moving the markets The market was a roller coaster today, but the major indexes still managed to end the month on a high note, even though the Fed has not ruled out further rate hikes. The S&P 500 gained 2.9% and posted its fifth consecutive positive month for the first time since August 2021. Investors seem …
ETF Tracker Newsletter For July 28, 2023
ETF Tracker StatSheet You can view the latest version here. MARKET RALLIES ON POSITIVE NEWS, BUT INFLATION THREAT LOOMS LARGE [Chart courtesy of MarketWatch.com] Moving the markets The market was in a good mood today, thanks to some positive news on inflation and earnings. After the wild swings of yesterday, investors breathed a sigh of relief as the Fed’s …
Honeywell, Japan, And Bond Yields Spoil Dow’s Party
[Chart courtesy of MarketWatch.com] Moving the markets The Dow Jones Industrial Average was on a roll this week, hitting new highs on hopes of a strong economy, tame inflation and solid earnings. But the party came to an abrupt halt on Thursday, when the index reversed course and plunged into the red. What happened? One culprit was Honeywell, whose shares …
Powell Talks Tough, But Markets See Through His Bluff
[Chart courtesy of MarketWatch.com] Moving the markets The Fed finally raised the interest rate by 0.25%, as everyone expected. The markets cheered at first, but then realized that the party was over and went back to their gloomy mood. Only the Dow managed to stay positive by a hair. The problem was that the Fed didn’t sound too confident about …
Dow Defies Earnings And Fed Jitters, Extends Record Run
[Chart courtesy of MarketWatch.com] Moving the markets The Dow kept its winning streak alive for the 12th day in a row, shrugging off mixed earnings and the looming Fed decision on rates. Traders and algos were in a bullish mood, pushing the index to its highest level in six years. Some earnings highlights: GM skidded 4% even after raising its …