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…
This is the kind of equity market atmosphere or climate can often find investors on the outs, giving up on equities and lacking for long-term vision. For more than a month, the major averages have found themselves correcting by over 10% only to rally by 6% and now with the Dow and S&P 500 back…
Up, down and all around went the markets yesterday and post the Fed rate hike announcement. The FOMC, led by Jerome Powell, approved the widely expected quarter-point hike that puts the new benchmark funds rate at a target of 1.5% to 1.75 percent. It was the sixth rate hike since the Federal Open Market Committee…
After some rather innocuous economic data yesterday, equities finished the day rather uneven yesterday and across the major averages with the Dow Jones Industrial average the only index finishing higher. Today’s economic data will be highlighted through consumer sentiment and housing starts. The data comes as bond yields are seemingly peaking… for the moment? Bond…
