[Chart courtesy of MarketWatch.com] Stocks bounced back on Monday after a brutal beating in the past few weeks. The S&P 500 tried to escape the correction zone, as traders braced for a busy week of Fed, jobs, and Apple news. It was about time for some relief from the oversold madness. The rally was widespread, with all 11 sectors of …
ETF Tracker Newsletter For October 27, 2023
ETF Tracker StatSheet You can view the latest version here. THE GOOD, THE BAD, AND THE UGLY: AMAZON OUTPERFORMS, BUT MARKET UNDERWHELMS [Chart courtesy of MarketWatch.com] The Nasdaq tried to bounce back on Friday after a brutal week, but the S&P 500 was not in the mood and slipped into correction mode. Amazon was the star of the show, …
Bond Yields Bite Big Tech: Nasdaq And S&P 500 Join Correction Club
[Chart courtesy of MarketWatch.com] It was another brutal day for stocks, as the Nasdaq Composite plunged deeper into the red zone, thanks to Meta’s disappointing earnings. The tech giant formerly known as Facebook failed to wow investors with its metaverse vision, and its stock dropped more than 10%. The Nasdaq Composite is now down more than 10% from its July …
Market Suffers As Alphabet Disappoints, Bond Yields Spook Growth Investors
[Chart courtesy of MarketWatch.com] The market went down the drain on Wednesday, thanks to Alphabet’s disappointing cloud numbers that dragged down the whole tech sector. The 10-year Treasury yield also bounced back above 4.95%, spooking growth investors and sending the 30-year above 5% again. Alphabet stock plunged over 9%, its worst drop since last October, as its cloud revenue fell …
Stocks Rise After Flip-Flopping, But Tech Giants Face Valuation Challenge
[Chart courtesy of MarketWatch.com] Stocks finally decided to go up on Tuesday, after changing their minds a few times, as investors paid attention to the latest earnings reports and bond yields. The 10-year yield stayed away from the scary 5% mark, which was a relief for everyone. Coca-Cola made more money than expected, and its stock jumped more than 3%. …
Treasury Yields Play Hide And Seek With 5%, Stocks End Lower
[Chart courtesy of MarketWatch.com] Monday was another wild ride for the stock market, as Treasury yields played peek-a-boo with the 5% mark. The 10-year note briefly crossed that threshold, only to retreat when hedge fund honcho Bill Ackman revealed that he had cashed out his bond shorts (with a nice profit) and warned that the economy was cooling off faster …