ETF Tracker StatSheet You can view the latest version here. MAJOR AVERAGES POST BEST WEEK SINCE 2023 FOLLOWING ELECTION [Chart courtesy of MarketWatch.com] This morning, the Dow and the S&P 500 moved higher, while the Nasdaq lagged, as traders considered the implications of the post-election rally and the Federal Reserve’s latest interest rate cut. By the end of the …
Bitcoin Hits New High As Gold Rebounds And Dollar Slips
[Chart courtesy of MarketWatch.com] The major indexes began the session on a positive note, buoyed by anticipation of the Federal Reserve’s meeting on interest rates. Despite the incomplete election results, traders seemed relieved, dispelling earlier concerns about a prolonged election process. However, any geopolitical news could still trigger significant and sudden swings in asset prices. The much-anticipated Fed meeting concluded …
Election Day Optimism Drives Market Surge
[Chart courtesy of MarketWatch.com] On this election day, traders viewed the market positively, driving the major indexes out of their recent slump and buying a wide range of assets, including stocks, bonds, gold, Bitcoin, and crude oil. Wall Street is closely monitoring not only the Presidential elections, but also which party will dominate Congress, as any sweep could lead to …
Election Uncertainty Weighs On Markets Despite Bond Yield Plunge
[Chart courtesy of MarketWatch.com] The early market movements were characterized by aimless meandering with a slightly positive bias, but ultimately, the major indexes ended the day in the red. This decline occurred despite a significant drop in bond yields, following a relentless rally that had pushed the 10-year yield above 4.3%. Today’s yield drop might indicate that traders are reducing …
ETF Tracker Newsletter For November 1, 2024
ETF Tracker StatSheet You can view the latest version here. AMAZON AND INTEL LEAD MARKET REBOUND AMID DISAPPOINTING JOBS REPORT [Chart courtesy of MarketWatch.com] Amazon led today’s market rebound, surging over 6% thanks to its ad business and cloud services exceeding expectations. Intel also contributed significantly, jumping nearly 8% after surpassing forecasts and issuing strong guidance. These gains helped …
Gold And Bitcoin Show Resilience Amid Market Turbulence
[Chart courtesy of MarketWatch.com] Early in the trading session, bullish sentiment dominated despite a flood of mixed earnings results, with more reports expected from major tech companies. However, this optimism was short-lived, as the major indexes eventually succumbed to bearish pressures, relinquishing their gains, and closing in the red. Alphabet set a positive tone by surpassing expectations, boosting its share …