[Chart courtesy of MarketWatch.com] Moving the markets The tech sector took the lead during today’s rally, powered by FB’s strong results, which helped their shares to a solid +9.06% gain. While technology was the biggest gainer, 9 of the 11 primary S&P sectors finished higher. The loser of the day was telecommunications with -3.2%, which suffered due to AT&Ts poor …
Late Rally Wipes Out Early Losses
[Chart courtesy of MarketWatch.com] Moving the markets While rising bond yields continued to wreak havoc with the markets early on, a slow but steady climb, supported by strong corporate earnings and dip-buyers, proved to be saviors for the session by pushing the Dow and S&P 500 into the green by a small margin. The Nasdaq ended slightly lower, which was …
Equities Dump As Bond Yields Jump
[Chart courtesy of MarketWatch.com] Moving the markets A quiet opening above the unchanged line suddenly turned into a rout with the major indexes tumbling and heading sharply south until dip buyers stepped in during the last hour to lessen the damage. The Industrial, material and technology sectors were most affected. The culprit, as I have been posting about, was the …
Rising Bond Yields Kill Early Rally
[Chart courtesy of MarketWatch.com] Moving the markets It was a mixed bag on the earnings front, as the latest reports can be best described as “so so,” which sent the major indexes initially higher but disappointment pulled the markets back below the unchanged line, with the exception of the S&P 500, which ended higher by a tiny fraction. As I …
ETF Tracker Newsletter For April 20, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/04/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-04-19-2018/ HOBBLING INTO THE WEEKEND [Chart courtesy of MarketWatch.com] Moving the markets It was tough week with the major indexes struggling to not give back their gains made in the first 3 trading sessions. Even though we dumped into the weekend, stocks ended up in the green by a fraction of a percent. All good things …
Tech Sector Pulls Down Stocks
[Chart courtesy of MarketWatch.com] Moving the markets The 3-day really came to an end today with the major indexes pulling back but rallying off their session lows to limit damage. The late day rebound was the result of an announcement that Trump was told by Rosenstein that he was not the target of the Mueller investigation. That lifted the …