[Chart courtesy of MarketWatch.com] Moving the markets For sure, it was a market where anything was possible. The Dow reigned supreme for most of the day, with a 300-point advance at one point, while the S&P 500 cruised slightly above its unchanged line. Gold and the tech sector plunged, with especially the former getting hurt by rising yields as bond …
Dow Dominates Markets
[Chart courtesy of MarketWatch.com] Moving the markets It was another sloppy and choppy session with the Dow being the leader, while the Nasdaq was unable to climb out of an early hole, but it trimmed some of its initial losses. The S&P struggled all day but closed in the green, while gold came off its early highs but hung on …
ETF Tracker Newsletter For August 7, 2020
ETF Tracker StatSheet You can view the latest version here. DOLLAR POPS AND GOLD DROPS [Chart courtesy of MarketWatch.com] Moving the markets The declining US dollar finally showed some signs of life and rebounded causing gold, after its torrid run, to give back some of its outsized gains. It was a choppy and sloppy day in the markets with …
Chopping Around The Unchanged Line, Then Leaping Into The Close
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes meandered around their respective unchanged lines for most of the morning, when news that the State Department had lifted its global travel advisory from 4 months ago hit the wires. That was like poring gasoline on a fire, and the indexes rocketed higher for the remainder of the session and …
Nasdaq Sets Record—Gold Hits New All-Time High
[Chart courtesy of MarketWatch.com] Moving the markets The Dow raced ahead and ended just short of a 400-point gain, but gold again outperformed with another solid +1.53% showing. The S&P closed within 1.7% of its all-time high. The mood was upbeat, not because of facts, but merely hope of further stimulus from the government to assist the out-of-work Americans. However, …
Equities Recover, But Gold Excels
[Chart courtesy of MarketWatch.com] Moving the markets This morning, we saw another weak opening with the major indexes zigzagging and being pulled into the red before another magic last hour ramp pushed equities to a green close. Mid-day, stocks obliterated some of their gains, as House Speaker Pelosi announced that she “doesn’t think there will be a deal this …