LEIBOVIT VR NEWSLETTERS – WEDNESDAY – JULY 3, 2024
https://www.howestreet.com/2024/06/are-the-markets-about-to-pull-back-mark-leibovit/
TURNAROUND TUESDAY ON TRACK AS EARLY WEAKNESS WHICH WE TRADED REVERSED FOLLOWING J POWELLS COMMENTS IN PORTUGAL
Major Averages Close On Firm Note As Stocks Rally After Early Struggle
After struggling for direction till a little past noon on Tuesday, stocks began climbing higher, and continued to gain in strength to eventually end the day’s session a firm note.
Concerns about the outlook for interest rates rendered the mood cautious early on in the session, with investors digesting Federal Reserve Chair Jerome Powell’s speech at the ECB Forum in ., and the JOLTS report that showed a slight increase in job openings in the country.
Stocks moved higher after bond yields drifted down. The major averages all ended on a firm note, with the Nasdaq outperforming the Dow and S&P 500.
The Dow ended with a gain of 162.33 points or 0.41 percent at 39,331.85. […]
LEIBOVIT VR NEWSLETTERS – TURNAROUND TUESDAY – JULY 2, 2024 – TRYING TO TAKE A HOLIDAY BREAK BUT NOT HAPPENING SO QUICKLY
https://www.howestreet.com/2024/06/are-the-markets-about-to-pull-back-mark-leibovit/
U.S. Stocks Close Higher; Nasdaq Outperforms
U.S. stocks closed higher on Monday, with technology shares turning in a fine performance. The major averages all started off on a somewhat weak note in lackluster trade, but turned positive with stocks gaining in strength gradually as the session progressed.
The Dow ended higher by 50.66 points or 0.13 percent, at 39,169.52. The S&P 500 advanced 14.61 points or 0.27 percent to 5,475.09, while the Nasdaq climbed 146.70 points or 0.83 percent to 17,879.30.
Investors looked ahead to the release of the Labor Department’s closely watched monthly jobs report on Friday.
The report, which is expected to show a slowdown in the pace of job growth in the month of June, could impact the outlook for interest rates.
On the U.S. economic front, the Institute for Supply Management released a report showing manufacturing activity in the U.S. unexpectedly contracted at a slightly faster rate in […]
