[Chart courtesy of MarketWatch.com] The markets opened in the red today, weighed down by fresh tensions in the Middle East. Hopes for a ceasefire between Israel and Iran were dashed, as the conflict showed no signs of cooling off—despite earlier reports suggesting otherwise. Oil prices surged nearly 5%, reversing Monday’s dip that had been sparked by a Wall Street Journal …
Precious Metals Pop As Middle East Tensions Stir Safe-Haven Demand
[Chart courtesy of MarketWatch.com] Stocks started the day in the red but quickly turned things around, climbing out of the early dip and finishing solidly in the green. The major indexes all pushed above their breakeven lines, riding a wave of renewed optimism. Fueling that positive vibe was the May Producer Price Index (PPI), which came in cooler than expected—up …
Silver Surges, Apple Slips, And Crypto Comes Alive
[Chart courtesy of MarketWatch.com] The markets kicked off the day on a mixed note as U.S. and Chinese officials met in London, hoping to make headway on their ongoing trade disputes. The talks stemmed from a lengthy phone call between Trump and Xi last week, with both sides aiming to avoid a full-blown trade war. As a goodwill gesture, both …
Silver Shines, Tesla Tumbles: A Wild Day On Wall Street
[Chart courtesy of MarketWatch.com] The day started off on shaky ground, with markets slipping early as fresh trade headlines put a lid on any bullish momentum. China’s Foreign Ministry said Presidents Trump and Xi had a phone call—initiated by Trump—but details were scarce. Trump called it a “very positive conclusion,” but investors weren’t exactly buying it. On the economic front, …
S&P 500 And Nasdaq Return To Positive Territory, Lagging Behind Gold
[Chart courtesy of MarketWatch.com] Early gains helped the S&P 500 and Nasdaq return to positive territory for the year, although both are still trailing gold’s performance by over 23%. Nvidia boosted the Nasdaq with a 7% rise in early trading, while the Dow remained in the red. Sentiment remains positive following yesterday’s surge, with traders pleased that Trump secured more …
ETF Tracker Newsletter For June 14, 2024
ETF Tracker StatSheet You can view the latest version here. TECH TITANS TUSSLE FOR TOP SPOT AMIDST MARKET MELT-UP AND MAIN STREET MALAISE [Chart courtesy of MarketWatch.com] Stocks fell right after the opening, as a decline in consumer sentiment gave the bears a reason to cheer. However, the S&P 500 ended only marginally lower but gained for the week. …