[Chart courtesy of MarketWatch.com] This morning, the markets experienced a significant downturn, with the Nasdaq leading the decline. Bond yields spiked, with the 10-year yield rising by 6 basis points to 4.70%, its highest level since April 2024. This spike was driven by the ISM Services Inflation Index, which surged to nearly two-year highs, casting doubt on the Federal Reserve’s …
Tech Sector Hits Record Highs, Bitcoin Surges
[Chart courtesy of MarketWatch.com] The markets opened on a positive note following last week’s pullback. The chip sector played a significant role in driving stocks higher, with Nvidia gaining nearly 5% early on, while Broadcom and Micron added 2.9% and 9%, respectively. Early bullish sentiment was further supported by a Washington Post report suggesting that Trump’s tariff plan would be …
ETF Tracker Newsletter For January 3, 2025
ETF Tracker StatSheet You can view the latest version here. MARKET RALLIES AS TRADERS SHAKE OFF LOSING STREAK [Chart courtesy of MarketWatch.com] Early in the session, the broad market rallied as traders attempted to shake off a five-day losing streak and overcome a volatile start to 2025. Their efforts finally paid off. Nvidia led the tech sector with a …
Tech Giants Struggle As Major Indexes Reverse Early Gains
[Chart courtesy of MarketWatch.com] After a weak close to an otherwise strong 2024, the markets opened on a positive note, buoyed by Nvidia and the energy sector, which helped to boost bullish sentiment. However, despite this encouraging start, the major indexes reversed course, and the gains evaporated, leading to a moderate close in the red. The silver lining was that …
Markets End 2024 On A Sour Note Despite Strong Annual Gains
[Chart courtesy of MarketWatch.com] On the last day of 2024, the major indexes initially found support, but sentiment shifted at midday, leading to a red close. The S&P 500 has now closed lower for four consecutive days. Despite this, the index recorded its second consecutive annual gain of over 20%, thanks to rate cuts, better-than-expected economic growth, and advances in …
Bond Yields Drop Slightly As Markets Struggle
[Chart courtesy of MarketWatch.com] The markets opened sharply lower today, with bullish sentiment notably absent as the major indexes fell more than 1.5%. However, they managed to bounce back from their worst levels of the day. Despite the light trading volume typical of a holiday-shortened week, traders found no clear catalyst for the market’s movements. Even lower bond yields couldn’t …