LEIBOVIT VR NEWSLETTERS – WEDNESDAY – JANUARY 15, 2025 – DISASTER IN CALIFORNIA, CLEANING UP THE BIDEN DEBACLE, PRAYING DONALD TRUMP REMAINS SAFE, PRAYING THE DEMOCRATS LEAVE THE COUNTRY
U.S. Stocks Finish Choppy Trading Day Narrowly Mixed
After failing to sustain an early move to the upside, stocks showed a lack of direction over the course of the trading session on Tuesday. The major averages swung back and forth across the unchanged line before eventually closing narrowly mixed.
While the tech-heavy Nasdaq dipped 43.71 points or 0.2 percent to 19,044.39, the S&P 500 inched up 6.69 points or 0.1 percent to 5,842.91 and the Dow climbed 221.16 points or 0.5 percent to 42,518.28.
The initial strength on Wall Street came following the release of a Labor Department report showing producer prices rose by slightly less than expected in the month of December.
The Labor Department said its producer price index for final demand crept up by 0.2 percent in December after climbing by 0.4 percent in November. Economists had expected producer prices to rise by 0.3 percent.
Meanwhile, the report said the annual rate of producer price growth accelerated to 3.3 percent in December from 3.0 percent in November. The acceleration matched economist estimates.
The smaller than expected monthly increase by producer prices helped ease recent concerns about the […]
LEIBOVIT VR NEWSLETTERS – TURNAROUND TUESDAY – JANUARY 14, 2025 – FULL MOON ABOVE! – WE ARE ONE WEEK AWAY THAT GOD-WILLING THE DEVASTATION BROUGHT TO THIS COUNTRY BY JOE BIDEN’S PUPPET MASTERS ENDS!
U.S. Stocks Close Mixed After Early Move To The Downside
Stocks showed a notable move to the downside early in the session on Monday but regained ground over the course of the trading day. The S&P 500 climbed well off its worst levels of the day and into positive territory, although the Nasdaq remained in the red.
The S&P 500 rose 9.18 points or 0.2 percent to 5,836.22, while the Nasdaq fell 73.53 points or 0.4 percent to a one-month closing low of 19,088.10.
The narrower Dow, on the other hand, spent most of the day in positive territory before closing up 358.67 points or 0.9 percent at 42,297.12.
Weakness in the tech sector weighed on Wall Street early in the session, as AI darling and market leader Nvidia (NVDA) plunged by as much as 4.7 percent.
Quantum computing stocks also saw continued weakness after Meta (META) CEO Mark Zuckerberg echoed Nvidia CEO Jensen Huang’s remarks that quantum is at least a decade away from being a “useful paradigm.”
Ongoing concerns about the outlook for interest rates also generated negative sentiment following last Friday’s stronger-than-expected monthly jobs report.
Selling pressure waned […]
