Day Traders Diary

May 16, 2024

The major averages are modestly lower after a surge in the averages on Wednesday with the S&P 500 closing at a record high above 5300. The Dow Jones Industrial Average is set to decline 24 points. The S&P 500 is down 2 points while the Nasdaq is down 8 points. On... Read More

May 15, 2024

The major averages are performing well thanks to lighter-than-expected U.S. consumer inflation report out this morning. The Dow Jones Industrial Average is up 150 points or 0.38%. The S&P 500 is up 18 points or 0.35% while the Nasdaq rose 41 points or 0.29%. The CPI rose 0.3% for the... Read More

May 14, 2024

The major averages had a nice day rallying in the afternoon as the Dow starts a new winning streak. The Dow Jones Industrial Average rose 126 points or 0.32%. The S&P 500 rose 25 points or 0.48% while the Nasdaq rose 122 points or 0.75%.   Quiet day for earnings.... Read More

May 13, 2024

The major averages closed mixed as the Dow snapped its longest winning streak of the year. The Dow Jones Industrial Average fell 81 points or 0.21%. The S&P 500 fell a points while the Nasdaq Composite rose 47 points or 0.29%. Apple and Tesla led the led the rally in big... Read More

May 10, 2024

The major averages closed fixed mixed once again as the Dow Jones Industrial Average extended its rally to an eight straight day. The Dow closed up 125 points or 0.32% led by strength in McDonalds, JP Morgan Chase, Caterpillar and Unitedhealth Group. The S&P 500 rose 8 points while the... Read More

May 9, 2024

The major averages are performing well as the Dow Jones Industrial Average is on track for a seventh up day in a row as new economic data rekindles hopes for Federal Reserve rate cuts later this year. The Dow Jones Industrial Average is jumping 309 points or 0.8% led by... Read More

May 8, 2024

The major averages closed mixed once again with the Dow Jones extending its winning streak to six days even as we saw weakness in tech. The Dow added 172 points or 0.4% led by strength in Boeing, JP Morgan Chase and Amgen.  The S&P 500 fell 3 cents closing where... Read More

May 7, 2024

The major averages closed mixed after a couple strong days following encouraging economic data. The Dow Jones Industrial Average rose 31 points. The S&P 500 rose 6 points while the Nasdaq fell 16 points. The yield on the 10-year Treasury fell 3 basis points to 4.45% after a nice rally the... Read More

May 6, 2024

The major averages are higher to start the week as Wall Street looking to build on the previous session's strong gains, after new jobs data revived hopes of the Federal Reserve cutting interest rates.  The Dow Jones Industrial Average is up 130 points, or 0.34%. The S&P 500 is up... Read More

May 3, 2024

The major averages ended the week on an up note thanks to Apple's earnings and softer-than-expected April jobs report that boosted hopes that the Federal Reserve could cut interest rates this year. The Dow Jones Industrial Average finished up 450 points or 1.2%. The S&P 500 rose 63 points or... Read More

May 2, 2024

The major averages are rebounding after a volatile Wednesday after the Fed comments on interest rates sent the averages higher only to close mixed. The Dow Jones Industrial Average rose 250 points or 0.67%. The S&P 500 rose 40 points or 0.7% while the Nasdaq Composite rose 217 points or... Read More

May 1, 2024

After a lousy April, the market averages closed mixed to start May as investors took some encouragement from the Federal Reserve's latest policy decision on interest rates. The Dow Jones Industrial Average rose 87 points thanks in part to Amazon. The S&P 500 fell 17 points while the Nasdaq fell... Read More

April 30, 2024

The major averages tumbled into the close to end the month in the red for the first down month of the year as higher-than-expected wage data raised fresh inflation concerns ahead of the Federal Reserve's rate decision on Wednesday. The Dow Jones Industrial Average fell 570 points or 1.49%. The... Read More

April 29, 2024

The major averages closed higher to start the week led by a few megacap technology stocks. The Federal Reserve will meet later in the week. The Dow Jones Industrial Average rose 146 points thanks in part to Apple. The S&P 500 rose 16 points while the Nasdaq rose 55 points. Apple... Read More

April 26, 2024

The major averages closed higher to end the week led by the big tech names Alphabet and Microsoft leading the rally on strong earnings even as traders review the new U.S. inflation data. The Dow Jones Industrial Average rose 153 points or 0.4%. The S&P 500 rose 51 points or... Read More

April 25, 2024

The major averages took a hit today following a slew of earnings and the latest U.S. economic data showing a sharp slowdown in growth while inflation remains persistent. The Dow Jones Industrial Average fell 375 points after falling 700 points during the morning hours. The S&P 500 fell 23 points... Read More

April 24, 2024

The major averages closed mixed as a flood of earnings are coming in. The  Dow Jones Industrial Average fell 42 points as Boeing reversed course and closed in the red following earnings. The S&P 500 was up a point while the Nasdaq rose 16 points thanks to earnings from Tesla... Read More

April 23, 2024

The major averages were higher once again as the corporate earnings season picks up as investors build on the strong gains from the previous session. The Dow Jones Industrial Average rose 263 points, or 0.69%. The S&P 500 rose 59 points or 1.2% while the Nasdaq Composite rose 1.59%.   As we... Read More

April 22, 2024

The major averages rose to start the week as the S&P 500 snapped a six day winning streak as tensions in the Middle East eased. The Dow Jones Industrial Average finished up 253 points or 0.6%. The S&P 500 rose 43 points while the Nasdaq rose 169 points.  A big week... Read More

April 19, 2024

The major averages closed mixed once again, as the Nasdaq and tech sector accelerated their losses into the close to finish out a volatile week. The Dow Jones Industrial Average rose 211 points led by UnitedHealth Group all week. The S&P 500 fell 43 points or 0.88% while the Nasdaq... Read More

April 18, 2024

The major averages are higher to start the day with the Dow Jones in the lead as corporate earnings continue to come in. The Dow Jones Industrial Average is up 230 points led by UnitedHealth Group for a third day. The S&P 500 is up 9 points while the Nasdaq... Read More

April 17, 2024

The major averages closed down including the Dow falling into the red in the last hour as the Dow was going for this second up day in a row. Higher interest rates and lackluster earnings are contributing to the weak performance so far for the averages here in April. The... Read More

April 16, 2024

The major averages closed mixed with the Dow higher, snapping a six day losing streak for the Blue Chip average. The Dow Jones Industrial Average rose 63 points or 0.17%. The S&P 500 fell 10 points while the Nasdaq fell 19 points. UnitedHealth led the Dow higher, up 5% on better... Read More

April 15, 2024

The rebound from this morning did not last as the averages fell into the red following a sharp sell-off last week following a number of bank earnings and an Iranian attack against Israel on Saturday. The Dow Jones Industrial Average fell 248 points, or 0.65%. The S&P 500 fell 61... Read More

April 12, 2024

The major averages took a hit again as the S&P 500 suffered its worst day since January due to bank earnings and rising tensions in the Middle East. The Dow Jones Industrial Average fell 475 points or 1.2%. The S&P 500 fell 75 points or 1.4% while the Nasdaq Composite... Read More

April 12, 2024

The major averages took a hit again as the S&P 500 suffered its worst day since January due to bank earnings and rising tensions in the Middle East. The Dow Jones Industrial Average fell 475 points or 1.2%. The S&P 500 fell 75 points or 1.4% while the Nasdaq Composite... Read More

April 11, 2024

The major averages closed mixed once again as concerns over inflation have dented investor sentiment this week. The Dow Jones Industrial Average fell 2 points after dropping 200 points on the open. The S&P 500 actually rose 38 points while the Nasdaq Composite jumped 271 points or 1.68%. The producer price... Read More

April 10, 2024

The major averages took a hit after the March inflation data came in hotter than expected, pushing interest rates higher and moving any rate cuts further down the road. The Dow Jones Industrial Average fell 422 points, or 1%. The S&P 500 fell 49 points or 0.95% while the Nasdaq... Read More

April 9, 2024

The major averages closed mixed as they struggle to regain this years positive momentum ahead of the release of key U.S. inflation data. The Dow Jones Industrial Average opened higher, but fell 9 points by weakness in the financials. The S&P 500 rose 7 points while the Nasdaq Composite rose... Read More

April 8, 2024

The major averages tried to rally to start this eclipse Monday, but finished mixed as interest rates keep nudging higher. The Dow Jones Industrial Average fell 11 points. The S&P 500 fell a point while the Nasdaq rose 5points. The benchmark 10-year Treasury yield rose 4 basis points to 4.42% ahead... Read More

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