[Chart courtesy of MarketWatch.com] Moving the markets After yesterday’s strong bullish bounce into May, the picture looked anything but warm and fuzzy this morning, when the major dropped sharply but managed to rebound off their lows, however, only the Dow climbed back into the green. The Nasdaq had its worst day since March, as fears of rising inflation, concerns of …
Surging Into May
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes, except for the Nasdaq, continued last month’s bullish theme on the first trading day of May by vacillating above their respective unchanged lines, as the Dow led with a 0.70% gain. With the continual reopening of the economy retailers benefited, also supported by New York Gov Cuomo’s announcement that most …
ETF Tracker Newsletter For April 30, 2021
ETF Tracker StatSheet You can view the latest version here. EQUITIES SLUMP ON LAST DAY OF APRIL [Chart courtesy of MarketWatch.com] Moving the markets The futures markets already indicated a weak opening with traders deciding, despite good economic data and some blockbuster earnings (Amazon) but also some disappointments (Twitter), to cash in some of their chips. As a result, …
An Early Breakdown Followed By A Late Breakout
[Chart courtesy of MarketWatch.com] Moving the markets The S&P 500 managed to find some footing, after a mid-day gag caused by surging bond yields, and scored another record close, powered by blowout earnings from the tech sector, namely Apple and Facebook. Despite their solid performances, the Nasdaq lagged the other two major indexes for the day by a wide margin. …
Stuck In Limbo
[Chart courtesy of MarketWatch.com] Moving the markets While the futures were flat, the regular session opened with a bounce for the S&P 500, while the Dow and Nasdaq hovered below their respective unchanged lines. In the end, all three indexes meandered aimlessly all day and ended slightly in the red. The much-expected Fed announcement was a nothing burger with no …
Treading Water
[Chart courtesy of MarketWatch.com] Moving the markets After having closed at record levels yesterday, the S&P 500 and Nasdaq traded aimlessly around their respective unchanged lines, with the Dow treading water as well. The Nasdaq has now finalized a rebound from its 11% correction, which began in February. Tesla shares retreated some 3% despite the company posting a record net …