RoboStreet – March 29, 2018 Tech Sector DeFAANGed as First Quarter Comes to a Close There is no way to put a positive spin on the carnage in what has been the torch bearer for the stock market during the past three years. While there are some major winning stocks in several sectors, the most […]
U.S. markets are seeing choppy trading today as investors parse recent events in the tech sector and lingering trade war concerns. Tuesday saw the tech-saturated Nasdaq Composite Index drop over 1%, following continued Facebook controversy and fresh news for other big corporate names. Facebook CEO Mark Zuckerberg will testify before congress around data privacy, a […]
U.S. assets are trading higher today following last Friday’s 5.7% tumble in the Dow Industrial average, a 2018 low. Thursday saw President Trump announce $50 billion tariffs on Chinese imports. Beijing has already planned their retaliation of tariffs on $3 billion of U.S. goods. This furthers the speculation of global trade war though negotiations and […]
RoboStreet – February 22, 2018 Bulls Beating on Overhead Technical Ceiling The flashpoint for the stock market occurred on February 9 when the S&P 500 tested its 200-day moving average at 2,533 after which recovering roughly 65% of the decline from the all-time high of 2,872. Volatility remains prominent within the investing landscape as market […]
After a Tuesday that saw continued tech selloff weigh down U.S. Stocks, overall U.S. assets actually rose due to strong gains in the energy sector. Today’s action can be described as hesitant as traders look to dissect the big news following Federal Open Market Committee meeting which ended 2:00 PM ET, followed by a 2:30 […]
Concerns over a hawkish U.S. stance on trade with China continues to fuel speculation of a global trade war as the Trump administration moves forward with tariffs on steel on aluminum. Also gaining global attention will be this week’s Federal Reserve two-day meeting of the Federal Open Market Committee that will likely result in raised […]
RoboStreet – March 15, 2018 Tariffs Could Be A Big Catalyst For Technology President Trump is getting ready to crack down on China’s long history of intellectual property theft. The president told his top advisors and Cabinet secretaries at a meeting last week that he wanted to hit China with steep tariffs and investment restrictions in […]
Major U.S. indices saw slight early rebounds from Tuesday’s profit taking, which was stoked by the abrupt replacement of Rex Tillerson with CIA Director Mike Pompeo as Secretary of State. Although this was another significant marker of uncertainty amongst investors around the Trump administration’s overall stability, this departure had been widely expected for some time. […]
Following some slight trepidations over inflation and rising prices last month, the U.S. stock-market indexes and futures continued to trade higher on Monday. A broad rally of the S&P 500 saw 10 out of 11 primary sectors rise on Monday. Group standouts were the telecommunications sector, rising .8%, and consumer-discretionary stock, up .7%, while the […]
RoboStreet – March 8, 2017 Tough Tariff Talk Can’t Roil Teflon Market Yesterday, President Trump laid out plans to enact tariffs on imported steel and aluminum that will take effect in two weeks. Canada and Mexico will be exempted indefinitely. From the White House press release: “The Department of Commerce’s investigation found that the current […]
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