March 18, 2024
The major averages finished in the green today following two down weeks. Wall Street is awaiting key artificial intelligence conference and monetary policy guidance from the Federal Reserve later this week. The Dow Jones Industrial Average finished up 75 points or . 20%. The S&P 500 closed up 32 points... Read More
March 15, 2024
The major averages pulled back again notching its second-straight weekly loss, with technology stocks under pressure as inflation concerns remain front and center ahead of the Federal Reserve's policy meeting next week. The Dow Jones Industrial Average fell 190 points or 0.49%. The S&P 500 fell 33 points or 0.65%... Read More
March 14, 2024
The major averages reversed course closing in the red after the release of hotter-than-expected U.S. inflation data that sent Treasury yields higher. The Dow Jones Industrial Average opened higher, but closed down 137 points. The S&P 500 fell 14 points or 0.26% while the Nasdaq fell 49 points.
February's producer price... Read More
March 13, 2024
More volatility in the markets and the tech space as the major averages open mixed today. The Dow Jones Industrial Average is higher by 135 points or 0.35% led by 3M, Chevron, Home Depot and Caterpillar. The S&P 500 is down 4 points while the Nasdaq is down 80 points... Read More
March 12, 2024
The major averages closed higher even as the latest inflation report was a little hotter than expected. The Dow Jones Industrial Average closed up 235 points after opening lower. The S&P 500 rose 57 points or 1%. The Nasdaq rose 246 points or 1.5%.
The consumer price index climbed 0.4% in... Read More
March 11, 2024
The major averages closed mixed after a down opening on a quiet day for news. The Dow Jones Industrial Average rose 46 points after falling 160 points or 0.41% on the open. The S&P 500 fell 5 points or 0.11% while the Nasdaq fell 65 points or 0.41%.
AI chip stocks... Read More
March 8, 2024
The major averages succumb to profit-taking to end a volatile week with plenty of earnings and economic data. The Dow Jones Industrial Average finished down 68 points or 0.18%. The S&P 500 fell 33 points or 0.65% while the Nasdaq fell 188 points or 1.16%.
The February jobs report showed conflicting... Read More
March 7, 2024
The major averages had a nice day thanks to a rebound in the tech sector and easing inflation data.The Dow Jones Industrial Average finished up 130 points or 0.31%. The S&P 500 rose 52 points or 1.03% while the Nasdaq Composite rose 241 points or 1.51%.
Chip stocks led the rally... Read More
March 6, 2024
The major averages bounced back although off the highs for the day following one of the worst days of the year on Tuesday as tech and Bitcoin sold off or succumbed to profit-taking. The Dow Jones Industrial Average rebounded 75 points or 0.2%. The S&P 500 rose 26 points or... Read More
March 5, 2024
The major averages took a hit today led initially by weakness in Apple, but then the rest of the tech sector joined in along with Bitcoin. The Dow Jones Industrial Average fell 404 points, or 1%. The S&P 500 fell 52 points or 1% while the Nasdaq Composite dropped 267... Read More
March 4, 2024
The major averages retreated to start the week despite another rally in the tech sector tied to the artificial intelligence boom and bitcoin. The Dow Jones Industrial Average lost 97 points, or 0.25%, to finish at 38,989. The S&P 500 fell 6 points while the Nasdaq declined 67 points or... Read More
March 1, 2024
The major averages finish on a high note at new record highs led by tech, energy and drug stocks. The Dow Jones Industrial Average rose 90 points or 0.23%. The S&P 500 rose 40 points or 0.8% while the Nasdaq rose 183 points.
Tech was led by Dell up 31% following... Read More
February 28, 2024
The major averages pull back once again as the buyers wait for key inflation report due out later this week. The Dow Jones fell 23 points or 0.06%. The S&P 500 fell 8 points or 0.17% while the Nasdaq Composite fell 87 points or 0.55%, notching a third straight day... Read More
February 27, 2024
The major averages were quiet for a second straight day as investors went through retail earnings while also looking ahead to key inflation data slated for release later this week. The Dow fell 96 points or 0.25%. The S&P 500 rose 8 points or 0.17% while the Nasdaq Composite added... Read More
February 26, 2024
The major averages pulled back to start the week after reaching record highs last week on strong earnings. The Dow Jones Industrial Average fell 62 points or 0.16%. The S&P 500 fell 19 points or 0.38% while the Nasdaq Composite declined 20 points.
AI stocks initially resumed their rally as Nvidia... Read More
February 23, 2024
The major averages closed mixed after a strong start to the day following better than expected earnings from Nvidia yesterday. The Dow Jones Industrial Average finished up 62 points after rallying 150 points on the open. The S&P 500 inched up a point, closing at a new high. The Nasdaq... Read More
February 22, 2024
The major averages surged today thanks to strong earnings from Nvidia as AI demand accelerates through the tech space. The Dow Jones Industrial Average rose 456 points or 1.1%. The S&P 500 rose 105 points or 2.1% while the Nasdaq surged 460 points or 2.96%.
Nvidia jumped 16%, making a new... Read More
February 21, 2024
The major averages closed mixed after pulling back for a third day in a row as traders look ahead to Nvidia's latest quarterly earnings report. The Dow Jones Industrial Average rose 48 points after initially falling 95 points. The S&P 500 rose 6 points after falling 14 points on the... Read More
February 20, 2024
The major averages pulled back to start this holiday-shortened week ahead of a big earnings report from Nvidia tomorrow night. The Dow Jones Industrial Average fell 64 points. The S&P 500 closed 30 points or 0.6% while the Nasdaq fell 144 points or 0.92%.
Tech led the weakness with Nvidia falling... Read More
February 16, 2024
The major averages pulled back to end the week following another hot inflation data report that may push off rate cuts from the Federal Reserve. The Dow Jones Industrial Average fell 145 points preet much right where it started the day. The S&P 500 fell 24 points while the Nasdaq... Read More
February 15, 2024
The major averages rebounded once again with the S&P 500 closing at a new high. The Dow Jones rose 348 points or 0.91%. The S&P 500 rose 29 points while the Nasdaq rose 47 points. Weaker than expected retail sales out this morning stalled today's rally initially.
The January retail sales... Read More
February 14, 2024
The major averages had a nice rebound on Ash Wednesday and Valentine's Day following the worst day of the year. The Dow Jones Industrial Average rebounded 151 points or 0.4%. The S&P 500 rose 47 points or 0.96%. The Nasdaq jumped 203 points or 1.3%.
More earnings continue to flood in.... Read More
February 13, 2024
The major averages took a hit, the biggest down day for the year, following hotter-than-expected inflation data for January causing rates to jump pretty good. The Dow Jones Industrial Average finished down 524 points or 1.35% after dropping over 700 points. The S&P 500 fell 68 points or 1.37% while... Read More
February 12, 2024
The major averages closed mixed on a quiet day following last weeks' new record close for the S&P 500. The Dow Jones Industrial Average rose 125 points. The S&P 500 fell 4 points while the Nasdaq Composite fell 48 points.
No major earnings to speak of, but one big merger in... Read More
February 9, 2024
The major averages closed mixed on the day with the S&P 500 at a new high following December inflation data that was revised lower than originally reported. The Dow Jones Industrial Average fell 54 points or 0.14%. The S&P 500 rose 28 points or 0.57% while the Nasdaq Composite rose... Read More
February 8, 2024
The major averages were quiet but managed to finish in the green with the S&P 500 hitting 5000 before closing just under the milestone. k of breaching the 5,000 milestone. The Dow Jones Industrial Average rose 48 points or 0.13%. The S&P 500 inched up 2 points while the Nasdaq... Read More
February 7, 2024
The major averages rose once again with the S&P 500 edging closer to the 5,000 level as earnings keep flooding in. The Dow Jones Industrial Average rose156 points or 0.4%. The S&P 500 rose 40 points or 0.82%. The Nasdaq rose 147 points or 0.95%.
Tech stocks led the way again... Read More
February 6, 2024
The major averages are mixed to start the day with the Dow Jones Industrial Average performing well, up 80 points or 0.21%. The S&P 500 is modestly higher up 2 points while the Nasdaq is lower by 10 points.
On Monday, the S&P 500 was modestly lower, pulling back from its... Read More
February 5, 2024
The major averages pulled back to start the week thanks to hawkish comments from the Federal Reserve Chair Jerome Powell last night on 60 Minutes dashing investor hopes for interest rate cuts any time soon. The Dow Jones Industrial Average fell 274 points or 0.71%. The S&P 500 fell 15... Read More
February 2, 2024
The major averages opened mixed, but then rallied into the close following mixed earnings from tech titans and a much stronger than expected January jobs report. The Dow Jones Industrial Average rose 134 points after falling 85 points on the open. The S&P 500 rose 52 points or 1% while... Read More
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