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 […]
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