Following a five-day losing streak, the Dow and S&P 500 rise following the largest interest rate increase since 1994. The Nasdaq also finished higher, booking the biggest gain of all three major U.S. indices at 2.5%. The Federal Reserve’s latest outlook has changed slightly, with the rate they expect to reach by the end of […]

Recession concerns continue to mount as the Dow dropped nearly 800 points and the S&P 500 approached bear market territory. All three major U.S. indices closed in the red following last week’s disappointing CPI data. The key inflation indicator, the consumer-price index, hit a 40-year high at 8.6 % year-over-year. Investors are looking ahead to […]

RoboStreet – June 9, 2022 Fed On Deck To Address Inflation  Friday’s inflation data in the form of the Consumer Price Index (CPI) is a pivotal report for the bulls to seize on what they hope to be another sign of inflation peaking in April or May. While one or two months don’t make for […]

The current state of the economy will be examined in detail by several important reports, including inflation statistics and the federal budget, which are expected to be released on Friday. All three major U.S. indices closed in the red as crude oil prices finished above $122 today. The $VIX is trading near the 25 levels. […]

With a handful of earnings on the docket and long-term treasury yields moving higher today, all three major U.S. indices closed in the green. The $HRL, $DOCU, and $OKTA earnings this week and the consumer price index data on Friday could have an impact on the market’s next move. CPI data due on Friday will […]

RoboStreet – June 2, 2022 Short-Term Consolidation Could Go Either Way Following seven weeks of losses, the major averages turned higher last week to close out the month of May pretty much flat. It was a fierce short-covering rally triggered by a slight decrease in the Fed’s preferred inflation indicator that sparked the buying spree, […]

Concerns about inflation and the Federal Reserve weighed on US stock prices today, as all three main indices closed in the red. Economic stability and health of the U.S. economy are prime factors investors are watching as inflation and the Fed’s interest rate path will continue to be monitored and likely impact market direction. Additionally, […]

RoboStreet – May 26, 2022 Stocks Rise Amid Better Outlook For Consumer Spending The major indexes have enjoyed a week of rebounding stock prices following a parade of better-than-expected and less-than-feared earnings reports that crossed the tape in the past two sessions. Upbeat quarterly reports from Macy’s Inc. (M), Nordstrom Inc. (JWN), and William-Sonoma Inc. […]

Looking at the current market conditions and how to prepare for the next market move, we are watching the $VIX which is trading near the 30 level. The $BABA, $NVDA, and $MRVL earnings this week can influence the next move in the market. We are also watching the overhead resistance levels in the SPY, which […]

After closing lower on Friday to extend weekly losing streaks, the broad market finished higher on Monday as investors sought safety amid a volatile week. After a disappointing week, the Dow Jones finished up 1.98 percent, recovering nicely after having its eighth consecutive losing week last Friday. This week Nvidia, Alibaba, and several retailers are […]