News: The market spent Wednesday trading in the red. All eyes were focused on the 2 p.m. release of the FOMC minutes from July. Markets showed little reaction to the release… Nearly 80% of stocks ended the day lower. The Nasdaq and Russell 2000 fell more than 1% each. The Dow and S&P 500 lost …
News: Tuesday was a mixed day for stocks but a clear win for retail. The Dow Jones and S&P 500 ended the day in positive territory, with gains of +0.7% & 0.2%, respectively. The Nasdaq fell 0.2% Russell 2000 ended flat There was a near-even divide between advancer and decliner … 47% to 48% Retail …
News: Markets open the week in the red. But it didn’t last long … By lunchtime, the major indexes all pushed into positive territory and held their gains into the close. The gains were modest… The Nasdaq led +0.6% The Russell 2000 underperformed +0.2% China Rate Cut In a surprise move, the Bank of China …
News: Markets surged higher again on Friday … closing out a 4th consecutive week of gains. The Russell 2000 gained 2.1% and closed 22.2% above its lowest close of the year … Officially ending its bear market. The Nasdaq, also logging a gain of 2.1%, met the definition of a bull market last week. The …
8/15/22 A Dead Bear, Inflation Reduction, & Meme Stocks Read More »
News: Markets closed yesterday mixed, with slightly more stocks advancing (54%) v declining (41%). The Dow Jones and Russell 2000 close in the green. The S&P 500 and Nasdaq ended in the red. The News was mixed too… Producer Price Indexes (PPI) unexpectedly fell. The report revealed a 0.5% decline in prices month-over-month. The report …
8/12/22 Bolstering the Case … Inflation has Peaked Read More »
News: Yesterday the Nasdaq Composite: Rallied 2.9% Closed 20.7% above its June low Officially entered a bull market The Russell 2000 also jumped 2.9%… It’s up 19.3% from its lows Nearing an end to its bear market. The S&P 500 and Dow Jones gained 2.1% and 1.6%, respectively. Both remain in bear markets … for …
News: Markets ended the day lower on Tuesday ahead of the latest headline CPI inflation reading. The Dow Jones and S&P 500 fell less than 0.5% each, while the Nasdaq and Russell 2000 declined more than 1% each. Sector Safety A deeper dive reveals some winners and losers. 4 of 11 sectors closed in the …
News: It was another slow day for the indexes… After gapping up, higher markets closed practically unchanged. The 3 major indexes ended +/-0.1%. The notable story was in the small-caps and meme stocks… Winners… The Russell 2000 outperformed and closed the day up 1%. Meme stocks were some of the day’s biggest winners… Bed Bath …
News: On Friday, the initial jobs number looked great. According to the Bureau of Labor Statics, the economy added 528,000 new jobs. The Government and the headlines pointed out that employment has “returned to [its] February 2020 pre-pandemic levels.” The market reacted with a knee-jerk sell-off that was virtually erased by the end of the …
News: Markets closed Thursday practically unchanged. The Nasdaq gained 0.4%, while the rest of the indexes closed down 0.3% or less. Beneath the surface, 52% of stocks advanced, while 43% declined. Sector Review The sectors were just as divided, 7 closed green while 4 closed red. Every sector except Energy (XLE) ended within 1% of …
