LEIBOVIT VR NEWSLETTERS – WEDNESDAY – AUGUST 7, 2024 – TURNAROUND TUESDAY WORKED ON SCHEDULE – MEANWHILE MEDIA CONTINUES TO FOCUS ON INTEREST RATES NOT THE GEOPOLITICAL AND THE GEOCOSMIC TO THEIR EMBARRASSMENT
https://www.howestreet.com/2024/08/flat-earnings-take-toll-on-stock-markets-mark-leibovit/
U.S. Stocks Snap 3-day Losing Streak, End On Firm Note
U.S. stocks closed higher on Tuesday, recovering well after three successive days of losses, as investors shrugged off
fears of a recession and geopolitical concerns, and chose to indulge in some buying at reduced levels.
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Investors also reacted positively to the latest batch of corporate earnings news.
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The major averages all closed on a firm note. The Dow ended up 294.39 points or 0.76 percent at 38,997.66. The S&P 500
closed up by $53.70 points or 1.04 percent at 5,240.03, while the Nasdaq settled higher by 166.77 points or 1.03 percent at
16,366.85.
In U.S. economic news, the Commerce Department released a report on Tuesday showing the U.S. trade deficit narrowed in the
month of June.
The Commerce Department said the trade deficit shrank to $73.1 billion in June from a revised $75.0 billion in May.
Economists had expected the trade deficit to decrease to $72.4 billion from the $75.1 billion originally reported for the
previous month.
The narrower trade deficit came […]
LEIBOVIT VR NEWSLETTERS – TURNAROUND TUESDAY – AUGUST 6, 2024 – MARKET CRASH OR BEAR TRAP?
https://www.howestreet.com/2024/08/flat-earnings-take-toll-on-stock-markets-mark-leibovit/
U.S. Stocks Move Sharply Lower Following Overseas Sell-Off
Stocks moved sharply lower during trading on Monday, extending the sell-off seen to close out the previous week. The major averages all showed significant declines, with the Nasdaq and the S&P 500 hitting three-month lows.
The major averages ended the day off their lows of the session but still firmly negative. The Nasdaq plunged 576.08 points or 3.4 percent to 16,200.08, the S&P 500 dove 160.23 points or 3.0 percent to 5,186.33 and the Dow tumbled 1,033.99 or 2.6 percent to 38,703.27.
The continued weakness on Wall Street came on the heels of an overseas sell-off, which saw Japan’s Nikkei 225 Index record its biggest slump since “Black Monday” in October 1987.
Concerns about the U.S. economy slipping into recession following last Friday’s disappointing jobs report triggered the significant weakness in the overseas markets.
Shares of AI darling and market leader Nvidia (NVDA) plunged by 6.4 amid an unwinding of the artificial intelligence trade that recently helped the markets to record highs.
Tech giant Apple (AAPL) also tumbled by 4.8 percent after Warren Buffett’s Berkshire Hathaway revealed it sold nearly half its stake in the iPhone […]
