After topping the impressive $35,000 level, the Dow Jones retreated in the afternoon and finishing in the red, snapping a 5-day win streak for the index. Market-wide pressure was seen today as the tech sector tumbled while last Friday’s monthly jobs report did not provide the support previous employment reports have. Amazon, Google, and Apple […]
RoboStreet – May 6, 2021 Market Landscape Taking Notably More Defensive Tone This week has seen an accelerated rotation out of high P/E growth stocks and growth stocks in general after Treasury Secretary Janet Yellen noted in a seminar speech the interest rates may need to rise to keep the economy from overheating. After the […]
Another record day for a U.S. index with the Dow Jones recording its latest record close fo 2021, finishing 0.3% higher at 34,230. Tech suffered another downward day with the Nasdaq on its fourth losing session, down 0.3%. Yesterday, both the Dow Jones and S&P booked gains off strong earnings and economic reports, including the […]
U.S. Benchmarks, for the most part, closed higher on Monday to kick off May, with the S&P booking record gains as it records its second-highest close ever. The Nasdaq was the sole index to finish in the red, closing down 0.48%, as investors continue to parse through corporate earnings, Fed, and COVID data. Last week […]
RoboStreet – April 29, 2021 Selling Mega Tech Into Strength This week has been highlighted by a key FOMC meeting and pivotal earnings releases from the companies whose stocks are the most heavily weighted components in the major indexes. As shares of Apple Inc. (AAPL), Microsoft Corp. (MSFT), Alphabet Inc. (GOOGL), Facebook Inc. (FB) and […]
Although the Federal Reserve announced rates would be kept near zero, all three major U.S. indices closed lower following the conclusion of the two-day Federal Open Market Committee. Fed Chair Jerome Powell met with the press today to announce the no rate change while stressing employment and inflation levels as well as the importance of […]
Following last week’s selloff, markets were able to bounce back on strong earnings and the latest news regarding tax reform to round out the week. On the first trading session of this week, markets traded marginally higher although the Dow turned red in the final hours of trading, finishing 0.18% lower. Both the Nasdaq and […]
RoboStreet – April 22, 2021 Broad Selling On Earnings News Buyers of stocks on the prospects of a banner earnings season are taking widespread profits as companies post their first quarter results. The runup prior to the reporting season was pretty compelling, to a point where some market participants are stating that this quarter is […]
U.S. Markets snapped a two-day losing streak as all three major indices finished in the green with the Nasdaq up over 1.1%, S& and Dow both up 0.93%, and the Russell impressively 2.35% higher. While earnings primarily helped markets, several symbols traded lower following lukewarm data- including Netflix which finished 7% lower, and Haliburton, down […]
After closing at record levels last week, U.S. indices dipped to start the week with all three major benchmarks closing in the red while the small-cap Russell closed over 1.35% down. Markets were boosted by strong bank earnings last week which officially kicked off the latest quarterly earnings season. Earnings this week will be headlined […]
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