News: Markets opened the new week on a positive note. At the open on Monday, the major indexes were up more than 1% each. But as the day went on, the momentum faded. Markets trended lower throughout the day but managed to hold on to some gains and close green across the board… Sector Round …
News: The latest inflation report, the PCE Index, showed that inflation might be flatlining. The year-over-year monthly reading showed higher spending for the first time since September 2022… The market disapproved of the number and dived on Friday. All of the indexes ended the day deep in the red… And while the indexes look ugly. …
News: The market’s short week turned out to be a wild ride. Thursday wasn’t for the faint of heart either. Markets opened green, but sellers came out in force … Within 2 hours of opening, all the major indexes had fallen in the red. With two hours until the closing bell, the markets turned green …
News: Wednesday’s price action was muted on Wall Street. The FOMC minutes were released without much whiplash. The major indexes traded within 1% of the previous day’s close the entire day. Indexes ended the day mixed. Buyers favored the riskier stocks… Sector Round Up The sectors followed the indexes. All 11 closed within 1% of …
News: Only the bears returned from the long weekend. On Tuesday, markets opened in the red and declined throughout the day. The carnage was widespread and spared few stocks. The indexes closed at their lows… A mere 12% of stock managed to end the day higher, 86% ended lower. Sector Round Up All 11 sectors …
News: On Friday, the markets were coming off a bad inflation reading and heading into a long weekend. It was an incredible setup for the bears… But after a red open, the selling stopped. Buyers pushed the major indexes higher throughout the day … At the close, the indexes were mixed, which given the setup, …
News: Yesterday the Producer Price Index (PPI) revealed the highest month-over-month increase since March 2022. Let’s take a look at the trends… While the monthly increase was notably higher, the overall trend continues to point lower. Markets tried to take the news in stride. After opening in the red, markets climbed throughout the day. But …
News: Ahead of the open on Wednesday, stocks mainly drifted lower. At 8:30, the latest retail sales figures from the U.S. Commerce Department were released … Spending grew by 3% in January, the most significant monthly increase in nearly two years. Markets had little reaction to the news and still opened in the red. After …
News: The CPI report dropped at 8:30 on Tuesday morning. And on this Valentine’s Day, it got no love. The report revealed that inflation is trending lower but not falling. Prices increased… After the news broke, volatility gripped the market. At lunchtime, major indexes were down 1% or more. But as afternoon trading began, the …
News: Monday opened with a bang and belonged squarely to the bulls. All of the 4 major indexes ended the day sharply higher… Sector Round Up It was hard to find a seller. 10 of 11 sectors ended the day higher. At the top… The lone decliner… Notable Names Shares of Palantir (PLTR), a software …
