Equities recaptured much of what they had lost from Wednesday’s market rout on Thursday, but those gains look fleeting now after revenue misses from the likes of Amazon (AMZN) and Alphabet (GOOGL). U.S. equity futures are sharply lower ahead of the opening bell on Wall Street after the two tech titans failed to perform. Shares…
The market statistics have become more grotesque as October rolls on and with most of the major indices faltering. The Dow Jones Industrial Average dropped 608.01 points at 24,583.42 and erased all of its gains for 2018. The Dow has dropped 7.1% in October. The S&P 500 dropped 3.1% to 2,656.10 and also turned negative for the year.…
Tuesday, once again, found U.S. equities under pressure with the Dow Jones Industrial Average (DJIA) falling over 500 points in the first hour of trading. But through the remainder of the trading day, the Dow, S&P 500 (SPX) and Nasdaq (NDX) all rallied. The Nasdaq and S&P 500 both went positive at one point, but…
Although it may have seemed a strong rally on Wall Street Monday, the reality is that it was a mixed bag given tech lagged. The Dow closed up almost 200 points, with the S&P 500 also rising, after headlines that Canada had joined the U.S. and Mexico in a new trade deal. While the new trade deal…
We kicked-off the trading week with another round of sector rotation whereby the broader indexes further decoupled in price action. The Dow Jones Industrial Average found industrials and consumer stocks in retreat, resulting in the index shedding some 180 points on the day. The broader S&P 500 index fell roughly 10 points or .35%, also…
The tech sector was hit, once again, quite hard in the early going hours of trading on Wednesday, but the sector rallied hard in the afternoon hours. In total, the trading days proved rather benign with the major averages finishing mixed. The S&P 500 index edged up 1.03 points to 2,888.92, less than 0.1%, and the…
Equity markets closed mostly higher Monday, with the S&P 500 and the Nasdaq each snapping a four-day losing streak. The Dow Jones Industrial Average was the lone decliner on Monday and is leading equity futures lower on this 9/11 trading day. Trade talks and tariff rhetoric continues to weigh on investors appetite for equities of…
The first week of September 2018 will likely leave much to be desired as it’s shaping up to be a rocky week for equities. The S&P 500 finished lower for a 3rd straight day on Thursday and is looking for a bit of a relief rally after rising to as much as 2,916 just a…
While the Dow Jones Industrial Average finished in positive territory Wednesday, if only slightly, both the S&P 500 and Nasdaq fell as tech leaders made the rounds in Washington. The Nasdaq dropped 1.2%, its worst day since Aug. 15th as Facebook, Amazon, Netflix and Alphabet all dropped. Shares of Microsoft and Twitter also fell to drag…
After another record setting day on Wall Street Wednesday, equity futures are in the red. Asian markets finished largely in the red and European equity markets are sharply lower in the early morning hours. Before we get into what’s possibly ailing global equities in a moment, let’s take a few seconds to wax nostalgic about…
