[Chart courtesy of MarketWatch.com] In today’s market, the major indexes experienced a slip due to pressure on several tech companies, causing both the Nasdaq and S&P 500 to break their recent winning streaks. However, there was an exception: the Dow managed to defy the trend and extend its winning streak to six days. Specifically, Uber shares took a hit, plummeting …
Wall Street Rises On Rate Cut Hopes; Buffet’s Caution Raises Eyebrows
[Chart courtesy of MarketWatch.com] Today’s financial markets saw a continuation of growth, with major indexes like the S&P 500, and Nasdaq each climbing over 1% in value. This surge was fueled by the latest jobs report, which indicated slower-than-anticipated job growth in April and a slight uptick in unemployment rates. These figures have quelled concerns about an overheated economy and …
ETF Tracker Newsletter For May 3, 2024
ETF Tracker StatSheet You can view the latest version here. ECONOMIC DATA DISAPPOINTS, BUT MARKETS CLING TO RATE CUT DREAMS [Chart courtesy of MarketWatch.com] Today’s stock market witnessed a significant surge, buoyed by the April jobs report which fell short of expectations, sparking speculation that the Federal Reserve might consider reducing interest rates soon. The report indicated an addition …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 05/02/2024
ETF Data updated through Thursday, May 2, 2024 How to use this StatSheet: These are the main indicators that tell you when to buy or sell Domestic and International ETFs (section 1 and 2). They do that by comparing their position to their long-term M/A (Moving Average). If they cross above, and stay there, it’s a green light to buy. …
The Balancing Act: Market Reacts To Fed’s Stance And Mixed Corporate Results
[Chart courtesy of MarketWatch.com] Today’s stock market presented a dynamic landscape, with investors casting their gaze forward to upcoming corporate earnings and a pivotal labor report due later in the week. Amidst this anticipation, the market witnessed a diverse range of earnings outcomes. Qualcomm, the semiconductor giant, saw its shares climb by 9% following the announcement of earnings that surpassed …
Market Turbulence: From Optimism To Disappointment
[Chart courtesy of MarketWatch.com] Today, Wall Street witnessed a rollercoaster ride as the major indexes initially surged in response to the Federal Reserve’s decision to keep interest rates unchanged. However, this early enthusiasm gave way to disappointment as the S&P 500 and Nasdaq reversed course and ended the day in negative territory. Fed Chair Jerome Powell cited a “lack of …