Yesterday’s inflation data was not received well by equity investors with the core CPI data coming in a little hotter than expected. Having said that, the 10-year yield didn’t respond with a sharp move in either direction, finishing the day at under 2.8% again. The consumer price index fell slightly in March to mark the…
Equity markets rallied yesterday with U.S. equities finishing sharply higher. Stocks rallied after China presented a less-aggressive stance in trade tensions with the United States. The Dow Jones Industrial Average jumped 428.90 points, or 1.8%, to 24,408.00. The S&P 500 finished 43.71 points, or 1.7%, higher to 2,656.87. The Nasdaq Composite Index climbed 143.96 points to 7,094.30, a…
U.S. equity markets are seemingly on a never-ending roller coaster ride. Yesterday’s major indices expressed this sentiment yet again. At the peak of the trading session, the Dow Jones Industrial Average spiked 1.8% while the S&P 500 index had been up 1.9%. The Nasdaq Composite Index jumped 2.3% at its session high. All 3 major indices ended well…
Words carry meaning! As an investor, when contemplating those words in the geopolitical and macro realm, deciphering words and verbiage can be critical to a portfolio’s performance. That statement will likely carry the greatest weight for investors in 2018 than in recent years. The geopolitical environment investors are forced to consider this year likely outweighs…...
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…
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…
