May 20, 2022
A wild ride on Friday pushed U.S. stocks briefly into a bear market on Friday with the S&P 500′s decline from its all-time high in January reaching 20% at one point. A dramatic late-day reversal pushed the S&P 500 slightly into the green at the closing bell. The S&P 500... Read More
May 19, 2022
The major averages tried to rebound into the green numerous times today following the benchmark's worst day since 2020. The Dow Jones Industrial Average finished down 200 points or 0.6%. The Nasdaq Composite dropped 25 points or 0.23% while the S&P 500 index fell 20p points. The benchmark is teetering... Read More
May 18, 2022
The Dow Jones Industrial Average headed for its biggest loss since 2020 on Wednesday after another major retailer warned of rising cost pressures, confirming investors' worst fears over rising inflation and rekindling the brutal 2022 sell-off. The Dow shed 1,164 points, or 3.57%, to 31,490, or the average's biggest decline... Read More
May 17, 2022
The major averages are higher on Tuesday morning as the market tried to bounce after a punishing bear market for the tech-heavy Nasdaq and a 19% pullback for the S&P 500.The Dow Jones Industrial Average is set to jump 359 points, or 1.1%. The S&P 500 is up 54 points... Read More
May 16, 2022
The major averages finished mixed in choppy trading Monday as the broader market index struggled to recover from last week's losses and traders weighed the potential for a U.S. recession.
The major averages vacillated between highs and lows all day. The Dow Jones Industrial Average closed 26 points despite dropping as... Read More
May 13, 2022
The major averages rebounded to end a week of consistent losses as investors looked to prevent the S&P 500 away from hitting bear market territory. The Dow Jones Industrial Average rose 466 points, or 1.47%, after being up as much as 545 points, snapping a six-day losing streak. The S&P... Read More
May 12, 2022
The major averages closed mixed with the Dow Jones falling for a sixth straight day. The Dow Jones Industrial Average dropped 103 points, or 0.33. The S&P 500 fell 5 points or 0.13% while the Nasdaq rose 6 points. The S&P 500 index fell 18.9% on an intraday basis getting... Read More
May 11, 2022
The major averages opened lower following hotter-than-expected consumer prices report for April sent the 10-year Treasury yield back above 3%, raising concerns that inflation will remain high as the economy slows. The Nasdaq was set to see the worst of the selling as investors continued to dump tech shares as... Read More
May 10, 2022
The major averages seesawed Tuesday with the Dow slipping for a fourth day as the major averages struggled to bounce back from a bout of heavy selling. The Dow Jones Industrial Average dipped 84 points to 32,16, or 0.26%. The S&P 500 inched up 9 points or 0.25% back above... Read More
May 9, 2022
The major averages fell sharply Monday, pushing the S&P 500 to breach the 4,000 level for the first time in more than a year as the market sell-off continued. The Dow Jones Industrial Average dropped 653 points to 32,245, or 1.99%. The S&P 500 fell 3.2% or 132 points to... Read More
May 6, 2022
The major averages close lower once again in volatile trading on Friday, as investors struggled to find support after the Dow Jones Industrial Average posted its worst day since 2020. The S&P 500 shed 23 points or 0.57% while the Nasdaq Composite fell 173 points or 1.4% The Dow was... Read More
May 5, 2022
The major averages are suffering their worst day of the year on Thursday, pulling back sharply and completely erasing a rally from the prior session in a stunning reversal that deepened the market's losses for 2022. The Dow Jones Industrial Average lost 1,315 points, or 3.9%. The S&P 500 and... Read More
May 4, 2022
The major averages skyrocketed into the close on Wednesday in a relief rally from their 2022 doldrums after the Federal Reserve raised rates by a widely anticipated half percentage point and Chairman Jerome Powell ruled out getting even more aggressive in the central bank's inflation-fighting campaign.
The Dow Jones Industrial Average... Read More
May 3, 2022
The major averages gyrated around the unchanged level, finishing in the green as investors looked forward to a pivotal Federal Reserve meeting tomorrow. The S&P 500 rose 23 points or 0.5%. The Dow Jones Industrial Average gained 105 points, or 0.32%, while the Nasdaq Composite added 23 points or 0.19%.
Tuesday's... Read More
May 2, 2022
The major averages staged a late comeback on Monday, with the S&P 500 and Nasdaq Composite hitting new lows for the year before closing up for the day. The Nasdaq Composite rose 1.63% or 201 points to 12,536 while the S&P 500 rose 0.57% or 23 points to 4,155. The... Read More
April 29, 2022
The major averages fell sharply int the close to notch the worst month since 2008 for the Nasdaq index as Amazon became the latest victim in the technology-led sell-off. The tech-heavy Nasdaq Composite fell 4.2% or 536 points to 12,334. The index closed at a new low for the year.... Read More
April 28, 2022
The volatility continues as the major averages rose sharply thanks to strong earnings reports from Meta Platforms, as the market sought to recover from this month's sell-off. The tech-heavy Nasdaq Composite rose 382 points or 3.1% to 12,871. The S&P 500 gained 2.5% or 103 points to 4,287. The Dow... Read More
April 27, 2022
Another volatile Wednesday with the averages closing mixed, a day after the Nasdaq Composite posted its worst daily loss since 2020, attempting to rebound from a tech-led sell-off in April. The Nasdaq Composite closed down a point after being up 1.7% at its highs. The Dow Jones Industrial Average rose... Read More
April 26, 2022
The major averages took a hit similar to Friday with U.S. stocks falling over 2% as investors dumped equities on fears of an economic slowdown. The tech-heavy Nasdaq Composite dropped 3.95% and hit a fresh 52-week low to close at 12,490. The index retreated further into bear market territory, sitting... Read More
April 25, 2022
The major averages staged a major reversal with the Dow Jones Industrial Average recovering from a nearly 500-point intraday loss as technology names like Microsoft rallied amid falling interest rates.The blue-chip average rose 240 points, or 0.7%, after being down as much as 488 points earlier in the session. The... Read More
April 22, 2022
The major averages plunged on Friday, pulling the Dow Jones Industrial Average and S&P 500 down for consecutive weekly declines, as traders weighed a raft of corporate earnings and rising interest rates. The Dow Jones fell 981 points, or 2.8%, to 33,811 for its worst day since 2020. The S&P... Read More
April 21, 2022
The major averages had a sharp reversal, as a jump in Treasury yields offset the optimism coming from another batch of solid corporate earnings. The Dow Jones Industrial Average finished down 368 points, or 1.05%, to close at 34,792. The S&P 500 dropped 65 points or 1.48% to 4,393 while... Read More
April 20, 2022
The major averages finished mixed as traders evaluate the flood of first-quarter earnings. The Dow Jones Industrial Average rose 249 points or 0.71% on the back of strong earnings from Procter & Gamble and IBM. The Nasdaq Composite dropped 166 points dragged down by Netflix.
Netflix fell 35% after its... Read More
April 19, 2022
After a flat open, the major average shot higher as earnings start to flood in. The Dow Jones Industrial Average gained about 500 points, or 1.45%, while the S&P 500 and Nasdaq Composite rose 1.61% and 2.15%, respectively.
Stocks have been under pressure recently, with the S&P 500 falling for two... Read More
April 18, 2022
The major averages drifted lower closing in the red ahead of a big week of earnings, kicked off today by Bank of America reporting better-than-expected results. The Dow Jones Industrial Average slid 39 points, or 0.11%, to 34,411. The Nasdaq Composite lost 18 points or 0.14%, falling to 13,332. The... Read More
April 8, 2022
The major averages closed mixed as they started the day with the markets closing down for the week as investors brace for tighter monetary policy from the Federal Reserve. The Dow Jones Industrial Average climbed 137 points, or 0.4%, while the S&P 500 closed down 11 points after opening the... Read More
April 7, 2022
The major averages rebounded on Thursday, following back-to-back losing sessions, as investors reassessed the Federal Reserve's latest plans to tighten monetary policy and combat rising inflation. The Dow Jones Industrial Average rose 87 points, or 0.25%, after dropping as much as 300 points earlier in the session. The S&P 500... Read More
April 6, 2022
The major averages went on a roller coaster ride ahead and after the release of the Federal Reserve minutes regarding a tightening of monetary policy to fight inflation, raising concerns it may slow the economy. The Dow Jones Industrial Average fell 144 points or 0.42% after falling more than 300... Read More
April 5, 2022
Stocks fell on Tuesday, hitting session lows in the final hour of trading amid remarks from Federal Reserve Governor Lael Brainard indicating a more aggressive approach to the central bank's tightening policy. The Dow Jones Industrial Average lost 280 points, or 0.8%, while the S&P 500 fell 57 points or... Read More
April 4, 2022
The major averages rose to start the week as traders shook off recession fears and bought technology shares that were beaten up in the first quarter. The Dow Jones Industrial Average rose 103 points or 0.3%. The S&P 500 is up 36 points while the Nasdaq Composite advanced 271 points... Read More
All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.