U.S. stocks settled firmly in positive territory on Monday despite seeing some wild swings during the course of the day's session. The major averages all closed notably higher. The Dow settled with a gain of 213.18 points or 0.62 percent at 3,560.08. The S&P 500 ended up 27.57 points or 0.63 percent at 4,433.28, while [...]
U.S. stocks started off on a firm note on Friday and despite suffering a setback around mid morning, recovered swiftly and stayed firm right till the end of the day's session to finish on a strong note. Investors reacted positively to Federal Reserve Chair Jerome Powell's remarks at the Jackson Hole Symposium. The major averages [...]
THE STREET HOLDS ITS BREATH ON J POWELL. BUT THE CHARTS SAY WE'RE GOING LOWER REGARDLESS After failing to sustain an initial move to the upside, stocks moved sharply lower over the course of the trading session on Thursday. The major averages all showed significant moves to the downside, with the tech-heavy Nasdaq leading the [...]
NOW THAT NVDA (NVIDA) HAD ITS POST REPORT ORGASM, WE CAN ALL NOW LOOK TO THE FELLOW BELOW FOR MORE FIREWORKS, BUT IN WHICH IN DIRECTION? Stocks moved sharply higher over the course of the trading day on Wednesday, with the major averages all moving to the upside after ending Tuesday's session mixed. The Nasdaq [...]
TURNAROUND TUESDAY ON TRACK FOR A MARKET REVERSAL! WILL IT HOLD? MUCH DEPENDS ON NVIDIA AND POWELL ON FRIDAY Following the rebound seen over the course of Monday's session, stocks showed a lack of direction over the course of the trading day on Tuesday. The major averages spent most of the day bouncing back and [...]
Stocks moved mostly higher over the course of the trading session on Monday, regaining ground following recent weakness. Technology stocks helped lead the rebound, resulting in a substantial gain by the Nasdaq. The Nasdaq surged 206.81 points or 1.6 percent to 13,497.59 and the S&P 500 climbed 30.06 points or 0.7 percent to 4,399.77, [...]
In Ernest Hemingway's 1926 novel The Sun Also Rises, a character named Mike Campell is asked how he lost his fortune. "How did you go bankrupt?" the hard-drinking war veteran Bill Gorton asks. "Two ways," Campell replies. "Gradually and then suddenly." At first the selling was hidden in the lesser looked at indices like the [...]
U.S. stocks turned in a mixed performance on Friday with investors largely staying cautious amid concerns the Federal Reserve will hold interest rates higher for longer to control inflation. Worries about slowing Chinese economy, hawkish minutes from the Federal Reserve's most recent policy meeting, and higher bond yields had pushed the market down in the [...]
U.S. stocks fell on Thursday, extending recent losses, amid concerns the Federal Reserve will hold interest rates higher for longer to control inflation. Stocks opened slightly higher, but retreated soon and then spent the rest of the day's session in the red. The major averages all ended in the red, with the Nasdaq suffering a [...]
U.S. stocks closed lower on Wednesday, extending losses from the previous session, amid indications the Federal Reserve will continue to hold interest rates higher for longer to contain inflation. Prospect of a possible downgrade of several U.S. lenders by Fitch Ratings weighed as well. In addition to the minutes from the Federal Reserve's latest policy [...]
