[Chart courtesy of MarketWatch.com] Moving the markets The Dow led the way in a bullish day for the stock market, while the Nasdaq trailed behind but managed to end its 4-day losing streak. Tesla was one of the laggards, dropping 2% amid a tech sell-off. The rally was fueled by strong earnings reports, as 80% of the S&P 500 companies …
ETF Tracker Newsletter For August 4, 2023
ETF Tracker StatSheet You can view the latest version here. Tech Split, Wage Spike, Market Dip, Oil Rip: A Mixed Bag for the Economy [Chart courtesy of MarketWatch.com] Moving the markets Tech giants Amazon and Apple had a split decision in their earnings reports yesterday. Amazon delivered a knockout, while Apple got knocked out. The result? A combined loss …
Bond Yields Spook Stocks For Third Day; Earnings Disappoint
[Chart courtesy of MarketWatch.com] Moving the markets The bond market was the bad guy today, as higher yields scared off stock buyers for the third day in a row. The 10-year yield jumped to 4.18%, the highest since last November, and the 30-year yield was close to its October peak. This hurt real estate stocks, which fell more than 1%, …
Wall Street Wakes Up to Reality After Fitch Cuts U.S. Credit Rating
[Chart courtesy of MarketWatch.com] Moving the markets Wall Street got a wake-up call on Tuesday night when Fitch, a ratings agency, downgraded the U.S. credit rating from AAA to AA+, citing the worsening fiscal outlook for the next three years. But the U.S. sovereign risk didn’t seem to care much, as this chart shows, unless you compare the different presidential …
Small Dip, Big Worries: Investors Face Earnings And Inflation Challenges
[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 …