LEIBOVIT VR NEWSLETTERS – FRIDAY – JUNE 28, 2024 – END OF THE MONTH WINDOW DRESSING A CLASSIC DISTORTION UNDERWAY
https://www.howestreet.com/2024/06/are-the-markets-about-to-pull-back-mark-leibovit/
Looming Inflation Data Leads To Choppy Trading On Wall Street
With traders looking ahead to the release of closely watched inflation data, stocks turned in a lackluster performance during trading on Thursday. The major averages spent the day bouncing back and forth across the unchanged line.
The major averages eventually ended the session modestly higher. The Dow crept up 36.25 points or 0.1 percent to 39,164.06, the Nasdaq rose 53.53 points or 0.3 percent to 17,858.68 and the S&P 500 inched up 4.97 points or 0.1 percent to 5,482.87.
The choppy trading on Wall Street came as traders seemed reluctant to make significant moves ahead of the release of key inflation data on Friday.
The Commerce Department is due to release its report on personal income and spending in the month of May, which includes readings on inflation said to be preferred by the Federal Reserve.
The report is expected to show a modest […]
LEIBOVIT VR NEWSLETTERS – THURSDAY – JUNE 27, 2024 – PRESIDENTIAL DEBATE TONIGHT – PCE AHEAD
https://www.howestreet.com/2024/06/summer-solstice-appears-to-be-affecting-markets-mark-leibovit/
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DANGER DANGER WILL ROBINSON
U.S. stocks closed slightly higher on Wednesday after a somewhat sluggish session as investors made cautious moves while awaiting the release of personal consumption expenditures price index report, due on Friday.
Data on first quarter GDP, durable goods orders for the month of May, and jobless claims report are also due this week.
The major averages all closed on the positive side. Technology stocks outperformed, lifting the Nasdaq by 87.5o points or 0.49 percent, to 17,805.16. The Dow ended up by 15.64 points or 0.04 percent at 39,127.80, while the S&P 500 settled at 5,477.60, gaining 8.60 points or 0.16 percent.
Bank stocks were in […]
