Oh boy, here we go again with the markets reacting to yet another proclamation and/or request for increasing the dollar value of tariffs on China. The news came after a strong U.S. equity market performance Thursday, after the market closed. President Donald Trump said he has instructed the United States Trade Representative to consider $100…
Today’s U.S. equity futures, thus far, look far more promising than did yesterday’s futures. At their trough, Dow Futures were down over 600 points whereas in the 5:00 a.m. EST hour they are up nearly 50 points. But just like yesterday, the futures may not foreshadow what happens when Wall Street opens for trading. The…
If you recall the Dow rallying 389 points yesterday, well that rally is at great risk presently with newly announced tariffs from both the U.S. and its counterpart, China. Yesterday, the U.S. Administration announced $50 billion of goods that it plans to hit with 25% tariffs unless Beijing makes major trade and investment concessions soon.…
The Dow Jones industrial average plunged 458.92 points to close at 23,644.19, with Intel as the worst performing stock in the index. Intel dropped 6.1 percent after Bloomberg reported Apple would use its own chips for Mac computers, ditching Intel. The S&P 500 dropped 2.2% to 2,581.88 and re-entered correction territory, with tech falling 2.5…
Investors are hopeful that April proves a better month for equities than did March and after closing out a bearish quarter for the benchmark S&P 500. Through March, the Dow fell 3.7%, the S&P 500 lost 2.7%, and the Nasdaq fell 2.9 percent. In the first quarter, the blue-chip gauge fell 2.3% and the S&P…
Investors are hopeful that April proves a better month for equities than did March and after closing out a bearish quarter for the benchmark S&P 500. Through March, the Dow fell 3.7%, the S&P 500 lost 2.7%, and the Nasdaq fell 2.9 percent. In the first quarter, the blue-chip gauge fell 2.3% and the S&P…...
However unfortunate it may be, or maybe that depends on one’s positioning, the Nasdaq rollover from Tuesday extended to Wednesday as certain FANG stocks continued their decline. The S&P 500 and Dow Jones Industrial Average also fell yesterday to a lesser degree. While the S&P 500 index is down less than 10% from its peak…
After a near 700-point rally on the Dow Jones Industrial Average Monday many were of the opinion that the markets may have finally double-bottomed. Tuesday found that sentiment quickly out of favor and retracted as the Dow gave up much of Monday’s gains with the Nasdaq falling 2.9% on the day. The tech sector fell…
The major indices soared yesterday by more than 2%, with little intraday pullback. It was a slow but steady climb post the closing of European markets. It appears as though the S&P 500 200 DMA did indeed prove to be supportive as the index narrowly held above the moving average last Friday. Any number of…
If you’re just waking up to seeing U.S. equity futures up by more than 1%, you’re likely in a better mood than last week, when markets ended the week with the major averages down more than 1 percent. It’s been one thing after the other causing markets to decline since February. But this week marks…
