[Chart courtesy of MarketWatch.com] The S&P 500 extended its losing streak, dropping for a fourth consecutive session. Struggling technology stocks, including Nvidia, exerted downward pressure on the market. Interestingly, this is the third straight session where stocks opened higher but then faded throughout the day. Early in the trading day, stocks were sliding after the opening. However, around 10:55 AM …
Market Tension Rises Amid Geopolitical Strife And Yield Surges
[Chart courtesy of MarketWatch.com] In today’s financial landscape, the S&P 500 experienced a downturn as investors juggled the latest corporate earnings with rising yield concerns and geopolitical tensions. Federal Reserve Chair Powell’s remarks suggested that interest rates might remain high, dampening hopes for rate cuts and driving the 2-year yield above 5% for the first time since last November. Despite …
Gold Surges, Stocks Plunge: Is Tax Day The Market’s Moment Of Truth?
[Chart courtesy of MarketWatch.com] Despite a promising start with strong earnings from Goldman Sachs and encouraging retail data, the major indexes took a downturn, erasing the gains from the morning rally. The conflict in the Middle East remains a concern, but there is hope it won’t escalate further. Small Caps and the Mag7 stocks experienced a significant drop, reminiscent of …
ETF Tracker Newsletter For April 12, 2024
ETF Tracker StatSheet You can view the latest version here. GOLD GLITTERS AMID MARKET GLOOM, OUTSHINES S&P 500 IN TURBULENT TIMES [Chart courtesy of MarketWatch.com] Today, the stock market experienced a sharp decline as major U.S. banks began reporting their earnings amidst a backdrop of inflation and geopolitical tensions. JPMorgan Chase’s shares fell over 6% following its first-quarter earnings …
Tech Leads Recovery, Gold Hits Record High As Earnings Loom
[Chart courtesy of MarketWatch.com] Today’s stock market witnessed a remarkable turnaround, with technology stocks leading the charge. The earlier concerns about ongoing inflation were overshadowed as tech giants like Nvidia soared nearly 4%, while other prominent players such as Amazon and Alphabet each advanced over 2%. Amazon’s shares reached unprecedented heights, and Apple enjoyed its most significant gain of the …
Inflation Surges, Markets Tumble: Real Estate Leads Sector Losses
[Chart courtesy of MarketWatch.com] Today’s market revealed a downturn in the major indexes following the release of March’s inflation data, which exceeded expectations and may delay anticipated interest rate cuts by the Federal Reserve. Energy was the only sector not to decline, with real estate experiencing over a 4% drop, the most significant loss of the day. After a strong …