2018 Archive: Day Traders Diary
December 31, 2018
The trading session is over and so is the tumultuous 2018 that gripped the stock market. The S&P 500 (+0.9%), Dow Jones Industrial Average (+1.2%), and Nasdaq Composite (+0.8%) pared yearly losses to 6.2%, 5.6%, 3.9%. The Russell 2000 (+0.8%), for its... Read More
December 28, 2018
The S&P 500 lost 0.1% on Friday in what was another whipsaw day of trading that saw the S&P 500 up as much 1.3% at its high and down as much as 0.6% at its low. The benchmark index finished a remarkably volatile, and history-setting, week with a gain... Read More
December 27, 2018
Thursday's stock market featured another tale of two sessions. The bulk of the trading day was marred by an inclination to sell into strength, which fed into worries that this market had more downside to come. The last part of the trading day, however, featured a huge rally from... Read More
December 26, 2018
The S&P 500 rallied 5.0% on Wednesday from what many believed to be extremely oversold conditions on a short-term basis. Rebounding oil prices ($46.13/bbl, +$3.45, +8.1%), strong holiday sales, and some short covering helped drive the S&P 500 to its best... Read More
December 24, 2018
The S&P 500 fell 2.7% on Monday, as follow-through selling and unsettling developments in Washington served to further dampen investor sentiment. Trading action was cut short with the stock market closing early ahead of Christmas Day.
The Dow Jones Industrial Average lost 2.9%, the Nasdaq Composite lost 2.2%,... Read More
December 21, 2018
The S&P 500 fell 2.1% on Friday, as uncertainty surrounding a host of issues, which included politics and trade, continued to provide a justification to reduce risk. Friday's decline pushed the benchmark index to a new yearly low of 2408.12 and a weekly loss of 7.1%.
The Dow... Read More
December 20, 2018
The S&P 500 fell 1.6% on Thursday, as ongoing concerns over trade, politics, and economic growth added to worries over a Fed policy mistake. For the month, the benchmark index is now down 10.6%, while the Dow Jones Industrial Average (-2.0%), Nasdaq Composite (-1.6%), and the Russell 2000 (-1.7%) extend... Read More
December 19, 2018
The S&P 500 dropped 1.5% on Wednesday in what was a tale of two trading sessions. The first part of the day was governed by a sense of hope that the Federal Reserve would provide the stock market with a dovish-minded... Read More
December 18, 2018
The S&P 500 finished flat on Tuesday in what was another roller-coaster session, driven by shifts in sector leadership, a 7.2% plunge in oil prices to $46.57 per barrel, and lingering uncertainty surrounding trade, monetary policy, the economic growth outlook, and the budget battle in Washington to keep the... Read More
December 17, 2018
The S&P 500 lost 2.1% on Monday, as uncertainty surrounding a host of issues continued to drive an inclination to sell into strength and to reduce risk exposure to stocks. The benchmark index (2545.94) ran into resistance at the 2600 level amid a... Read More
December 14, 2018
The S&P 500 fell 1.9% on Friday to extend its monthly loss to 5.8%. Friday's sell-off was a function of poor sentiment driven by global growth concerns and a continuation of weak price action.
The Dow Jones Industrial Average lost 2.0%, the Nasdaq Composite lost 2.3%, and the Russell... Read More
December 13, 2018
The U.S. major indices finished mixed on Thursday, as ongoing uncertainty surrounding global issues kept many buyers on the sidelines. The S&P 500 finished flat, the Nasdaq Composite lost 0.4%, and the Dow Jones Industrial Average gained 0.3%.
In particular, the continued weakness from the Dow Jones Transportation Average... Read More
December 12, 2018
The S&P 500 rose 0.5% on Wednesday, although it gave up a good chunk of its gains in the afternoon after trading as high as 1.9% intraday. Optimism that trade relations between the U.S. and China were progressing fueled the rally effort,... Read More
December 11, 2018
The S&P 500 finished flat on Tuesday, squandering two intraday rally efforts, as headline volatility surrounding politics and trade contributed to another day of whipsaw trading action.
The benchmark index traded as high as 1.4% shortly after the start of trading, but surrendered the entirety of that gain and was down... Read More
December 10, 2018
The S&P 500 gained 0.2% on Monday in what was yet another volatile day of trading on Wall Street. The benchmark index overcame a loss of 1.9% intraday despite the uncertainty surrounding trade, growth prospects, the path of interest rates, and geopolitics.
Meanwhile, the Dow Jones Industrial Average... Read More
December 7, 2018
The S&P 500 lost 2.3% on Friday to close a losing week (-4.6%) on a sour note. The major averages fumbled an early morning rally effort and steadily retreated throughout the day to finish near session lows.
The Dow Jones Industrial Average lost 2.2%, the Nasdaq Composite lost... Read More
December 6, 2018
The S&P 500 lost 0.2%, but was able to fight back after being down as much as 2.9% earlier in the session. The Dow Jones Industrial Average lost 0.3% after being down as many as 785 points or 3.1%. The Nasdaq Composite added... Read More
December 5, 2018
Reminder: The stock market and Treasury market will be closed today, December 5, in a National Day of Mourning for the late President George H.W. Bush... Read More
December 4, 2018
The S&P 500 tumbled 3.2% on Tuesday, catalyzed by waning optimism in trade negotiations between the U.S. and China and concern over future economic growth, which was signaled by the... Read More
December 3, 2018
The S&P 500 extended last week's rally by 1.1% on Monday, as investors breathed a sigh of relief that U.S.-China trade relations did not worsen over the weekend. Meanwhile, the Dow Jones Industrial Average gained 1.1%, the Nasdaq Composite gained 1.5%, and the Russell 2000 gained 1.0%.
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November 30, 2018
WE ARE EXPERIENCING PHONE OUTAGES AT OUR MAIN OFFICE. TO CONTACT US PLEASE CALL 1-800-659-8044 OR EMAIL LEIGH@LEIGHBALDWIN.COM. The S&P 500 finished strong with a gain of 0.8% on Friday... Read More
November 29, 2018
The S&P 500 trimmed this week's rally by 0.2% on Thursday with market participants shifting focus to this weekend's G-20 meeting between U.S. President Donald Trump and China President Xi Jinping.
Meanwhile, the Dow Jones Industrial Average... Read More
November 28, 2018
The S&P 500 confidently extended weekly gains by 2.3% on Wednesday after Federal Reserve Chair Jerome Powell said he sees current interest rates "just below" neutral. That proved to be a rally point because the language Mr. Powell used early last month indicated a... Read More
November 27, 2018
The S&P 500 recouped losses to finish with a gain of 0.3% in a volatile session on Tuesday. The stock market was able to shrug off early angst caused by President Donald Trump reiterating his hard-nosed tariff stance. President Trump's comments struck concerns... Read More
November 26, 2018
The S&P 500 rebounded 1.6% on Monday, as Amazon (AMZN 1581.33, +79.27, +5.3%) and retail stocks led the broad-based advance from what many considered to be short-term oversold conditions. Meanwhile, the Dow Jones Industrial Average gained 1.5%, the Nasdaq Composite gained 2.1%, and the Russell 2000 gained 1.2%.
Reports of record online... Read More
November 23, 2018
The S&P 500 lost 0.7% on Friday in what was a shortened, low-volume trading day on Wall Street. Friday's volatile session extended the benchmark index's weekly losses to 3.8%.
Meanwhile, the Dow Jones Industrial Average lost 0.7%, the Nasdaq Composite lost 0.5%, and the... Read More
November 21, 2018
The S&P 500 found some reprieve on Wednesday with a slim gain of 0.3%, with cyclical sectors mounting a rebound effort. The benchmark index was up as much as 1.1% but fumbled most of its gains... Read More
November 20, 2018
The S&P 500 tumbled again on Tuesday with a loss of 1.8%, as economic growth concerns weighed, especially on energy, retail, and technology stocks. Tuesday's losses wiped out yearly gains for the benchmark index, which is now down 1.2% in 2018.
The Dow Jones Industrial Average lost 2.2%, the Nasdaq Composite... Read More
November 19, 2018
The S&P 500 tumbled 1.7% on Monday, as a rout in widely-held tech stocks led the broader market lower. A lack of leadership and the continued inclination to sell into strength have translated into a lack of... Read More
November 16, 2018
[BRIEFING.COM] The S&P 500 chipped in a 0.2% gain on Friday after President Donald Trump again signaled China's desire to make a deal on trade. Disappointing guidance from chipmakers, however, kept gains in check. The Dow... Read More
November 15, 2018
The S&P 500 gained 1.1% on Thursday to snap a five-session losing streak. U.S.-China trade optimism and strength from tech stocks, particularly Apple (AAPL 191.41, +4.61, +2.5%), contributed to the broader market overcoming its morning struggles.
The Dow Jones Industrial Average gained 0.8%, the Nasdaq Composite... Read More
November 14, 2018
The S&P 500 lost 0.8% in another volatile session on Wednesday. The Dow Jones Industrial Average lost 0.8%, the Nasdaq Composite lost 0.9%, and the Russell 2000 lost 0.8%.
Stocks rallied at the open after the October CPI reading showed consumer prices rose... Read More
November 13, 2018
The S&P 500 coughed up a morning rebound effort to close Monday with a loss of 0.2%. The benchmark index had climbed as high as 1.0% amid early U.S.-China trade optimism, but energy stocks eventually led the broader market lower as oil prices... Read More
November 12, 2018
The S&P 500 fell 2.0% on Monday, as Apple (AAPL 194.17, -10.30, -5.0%) and semiconductor companies dragged on the broader market. The rout in the information technology sector (-3.5%) underpinned the benchmark index's retreat below its 200-day moving average (2762.39) and wiped... Read More
November 9, 2018
The S&P 500 lost 0.9% on Friday, with the pullback suggesting a natural consequence of an overreaction to this week's election spike. The Dow Jones Industrial Average lost 0.8%, the Nasdaq Composite lost 1.7%, and the... Read More
November 8, 2018
The S&P 500 slipped 0.3% on Thursday on the heels of the Federal Open Market Committee's (FOMC) decision to leave the fed funds rate unchanged as expected. The benchmark index traded slightly below its flat line leading up... Read More
November 7, 2018
The S&P 500 confidently finished with a gain of 2.1% on Wednesday with the benchmark index now up 6.4% since its close on October 29. Wednesday's advance follows the conclusion of U.S. congressional midterm elections that produced a split Congress.
The prevailing assumption in the market was that a newly divided... Read More
November 6, 2018
The S&P 500 added 0.6% for a second consecutive day on Tuesday, as investors awaited results from the U.S. congressional midterm elections. It was a largely broad-based performance, as all 11 S&P sectors finished in positive territory.
Also, the Nasdaq Composite gained 0.6%, the... Read More
November 5, 2018
The S&P 500 gained 0.6% on a subdued Monday, as investors remained cautious ahead the U.S. congressional midterms elections on Tuesday. Technology stocks largely underperformed, but a strong showing from financial companies helped offset tech losses.
Meanwhile, the tech-sensitive Nasdaq Composite lost 0.4%, though... Read More
November 2, 2018
Stocks fell on Friday following conflicting U.S.-China trade reports and softer-than-expected sales guidance from Apple (AAPL 207.48, -14.74, -6.6%). Futures rallied overnight on a Bloomberg report indicating U.S. President Trump asked his cabinet to draft a trade deal, but stocks eventually fell into negative territory after... Read More
November 1, 2018
The S&P 500 added 1.1% for a third straight day of gains on Thursday, as a favorable trade-related tweet by U.S. President Trump lifted stocks from their early downtrend. The benchmark index briefly turned negative in the early going before comfortably trading in positive territory for most of the session.
The... Read More
October 31, 2018
The S&P 500 advanced 1.1% on Wednesday, securing a second straight day of gains to end a bruising October with a monthly loss of 6.9%. Mega-cap technology stocks were in... Read More
October 30, 2018
The S&P 500 gained 1.6% in Tuesday's session, in which it traded mostly in positive territory with all 11 S&P sectors closing higher. The notable gain reduces the benchmark index's month-to-date loss to 7.9% and puts... Read More
October 29, 2018
The S&P 500 lost 0.7% in another volatile session on Monday, extending its monthly losses to 9.4%. Continued tech weakness shook investor confidence, and reports of another possible round of Chinese tariffs helped accelerate losses in the afternoon.
Stocks opened strong, with the S&P 500 trading as high as 1.8% early... Read More
October 26, 2018
The S&P 500 lost 1.7% in a volatile session on Friday, in which it never touched positive territory. Disappointing earnings reports from Amazon (AMZN 162.81, -139.36, -7.8%) and Alphabet (GOOG 1071.47, -24.10, -2.2%) rattled... Read More
October 25, 2018
The U.S. stock market is in much better form today than yesterday, supported by reassuring earnings results and guidance from leading companies, influential sector leadership, and an underlying sense that the market was due for a spring-loaded rebound effort given the scope of... Read More
October 24, 2018
Stocks took another beating on Wednesday, with losses accelerating into the closing bell. The S&P 500 lost 3.1%, completely wiping out its gains for the year. The Dow Jones Industrial Average also fell into the red for the year, dropping 608 points, or 2.4%, and the Nasdaq Composite lost 4.4%.
There... Read More
October 23, 2018
The S&P 500 closed Tuesday on stronger footing after tumbling as low as 2.2% in early morning trading. Discouraging price action in foreign markets and some disappointing earnings contributed to early negative sentiment, but the benchmark index gradually recouped intraday losses, finishing lower by... Read More
October 22, 2018
The S&P 500 closed Monday 0.4% lower after squandering opening gains and trading mostly in negative territory throughout the day. Another round of disappointing investor response to earnings, possibly rooted in the belief that corporations are at,... Read More
October 19, 2018
The S&P 500 closed Friday at its flat line, a fitting end to a flat week; the benchmark index ended just 0.02% above last Friday's close. The session began with a bang, with the S&P 500 adding as much as 1.0%, following a positive... Read More
October 18, 2018
The S&P 500 has fallen 1.1% today and is currently trading near session lows as investors express concern over global economic growth. The Dow Jones Industrial Average is lower by 1.1%, the Nasdaq Composite is lower by 1.6%, and the Russell 2000 has... Read More
October 17, 2018
The S&P 500 finished at its flat line on Wednesday following a volatile day of trading. A late morning surge in the financials sector (+0.9%) lifted the benchmark index from its early depths — the S&P 500 was down as much as 1.0% — and the release of the September... Read More
October 16, 2018
Stocks cruised considerably higher on Tuesday, ignited by strong earnings at the open and then fueled by a resurgence in the heavily-weighted information technology sector (3.0%) throughout the day. The S&P 500 rocketed through its 200-day moving average, closing 2.2% higher and reducing... Read More
October 15, 2018
U.S. stocks oscillated around the S&P 500's flat line on Monday before whipping noticeably lower in the final hour of trading. Renewed weaknesses in the information technology (-1.6%) and financials (0.5%) sectors coupled with ongoing concerns about the global economic growth outlook kept... Read More
October 12, 2018
Stocks rebounded on Friday, recouping a good chunk of their weekly losses in a volatile day of trading. The S&P 500 added as much as 1.7% at the start of the session, but nearly wiped it all out intraday before rallying to finish higher by 1.4%.
The Dow Jones Industrial Average... Read More
October 11, 2018
The stock market has been on a bit of a roller-coaster ride today with a mostly downside orientation. The lack of buy-the-dip conviction has been disappointing and invited follow-through selling efforts that had the Dow Jones Industrial Average down nearly 700 points, or... Read More
October 10, 2018
Stocks tumbled on Wednesday as bond yields held steady at multi-year highs and amid continued concerns about economic and earnings growth prospects. The S&P 500 lost 3.3%, extending its losing streak to five sessions in a row, which is its longest losing streak since 2016. The Dow Jones Industrial Average... Read More
October 9, 2018
U.S. futures are pointing to a lower start again this morning as U.S. Treasury yields continue to rise. The S&P 500 futures are currently trading 14 points, or 0.5%, below fair value.
Yesterday's volatile session was marred by a continued weakness of highly valued... Read More
October 8, 2018
The U.S. stock market closed a volatile day of trading on a mixed note. The S&P 500 was down as much as 0.8% on Monday, but rebounded in the afternoon to reclaim its 50-day moving average... Read More
October 5, 2018
The stock market fell on Friday as bond yields continued to climb following the release of the Employment Situation report for September. The S&P 500 and the Dow lost 0.6% and 0.7%, respectively. The tech-heavy Nasdaq dropped... Read More
October 4, 2018
Stocks tumbled in Thursday's trading session, extending yesterday afternoon's slow and steady retreat, which was triggered by U.S. Treasury yields reaching multi-year highs. The S&P 500 was down as much as 1.4% in intraday trade, but... Read More
October 3, 2018
Stocks have been trending sideways today, hovering a step above yesterday's closing levels. The S&P 500 is flirting with record territory, up 0.5%, while the Dow Jones Industrial Average has extended the record high it hit... Read More
October 2, 2018
Investors awoke to continued Italian drama on Tuesday, but were able to shrug it off for the most part, leaving the S&P 500 little changed. The Dow Jones Industrial Average outperformed, climbing 0.5% to a new all-time... Read More
October 1, 2018
U.S. stocks opened the fourth quarter Monday on a higher note, boosted by Canada joining Mexico and the United States in a trade agreement. The S&P 500 closed the session +0.4%, down from its +0.8% intraday... Read More
September 28, 2018
Wall Street finished Friday little changed, securing big gains for the third quarter. The S&P 500 kept near its flat line throughout the session, closing just a tick below its unchanged mark. The Nasdaq and the... Read More
September 27, 2018
The S&P 500 got its first win of the week on Thursday, adding 0.3%, as investors continued to chew on Wednesday's policy statement from the Fed. The Dow Jones Industrial Average advanced 0.2%, and the Nasdaq Composite... Read More
September 26, 2018
The Federal Reserve increased short-term interest rates on Wednesday, as expected, raising the fed funds target range by 25 basis points to 2.00-2.25%.
Stocks were up modestly ahead of the release of the Fed's decision, which crossed the wires at 2:00 PM ET, and extended... Read More
September 25, 2018
Stocks had a mixed outing on Tuesday, with the major averages settling little changed. The S&P 500 lost 0.1%, the Nasdaq ticked up 0.2%, and the Dow slid 0.3%. The flat performance happened as the Federal Reserve kicked off a two-day policy meeting in D.C., and as President Trump appeared... Read More
September 24, 2018
Stocks opened the week on a mostly lower note after the U.S. implemented tariffs on $200 billion worth of Chinese goods at midnight on Sunday. The S&P 500 lost 0.4% in Monday's trade, and the Dow lost 0.7%, breaking its two-session streak of... Read More
September 21, 2018
Wall Street had a mixed outing on Friday, with the underperformance of financial and technology shares balancing gains most elsewhere. The Dow Jones Industrial Average climbed 0.3%, closing at a new all-time high for the second day in a row. The S&P 500... Read More
September 20, 2018
Wall Street soared on Thursday, with the Dow Jones Industrial Average adding 1.0% and finishing at a new all-time high for the first time since January 26. With trade war... Read More
September 19, 2018
The S&P 500 finished Wednesday with a slim gain of 0.1%, buoyed by financial shares, which rallied amid another rise in interest rates. The blue-chip Dow Jones Industrial Average outperformed, adding 0.6%, but the tech-heavy Nasdaq lagged, closing lower by 0.1%. The small-cap Russell 2000 fell 0.5%.
Wednesday's mixed outing followed... Read More
September 18, 2018
Stocks rallied on Tuesday as investors shrugged off a fresh exchange of tariffs between the world's two largest economies. The S&P 500 climbed 0.5%, reclaiming its Monday decline, while the Dow Jones Industrial Average and the Nasdaq Composite advanced 0.7% and 0.8%, respectively.... Read More
September 17, 2018
Wall Street fell on Monday, with tech shares leading the retreat, as investors prepared for another tranche of U.S. tariffs on Chinese goods. The S&P 500 declined 0.6%, breaking a five-session winning streak, and the Dow lost 0.4%. The Nasdaq and the Russell 2000 underperformed, losing 1.4% and 1.1%, respectively. This... Read More
September 14, 2018
The stock market saw limited movement on Friday, ending a positive week on a flat note. The S&P 500 (unch) settled just above its flat line, locking in a 1.2% gain for the week. The Dow (unch) and Nasdaq (-0.1%) also finished near their flat lines, ending the week with... Read More
September 13, 2018
After a pause on Wednesday, stocks have resumed this week's upward trend in today's session, with the S&P 500 tacking on another 0.5%, which brings its weekly gain to 1.1%. The benchmark index is roughly 10 points, or 0.3%, away from its August... Read More
September 12, 2018
Wall Street struggled for direction on Wednesday, initially pulled lower by lagging tech shares only to regain its footing on headlines that the U.S. is proposing a new round of trade talks with China. The S&P 500 finished just slightly higher (+0.04%), and the... Read More
September 11, 2018
The U.S. equity market has taken off following a slow start to today's session, extending Monday's rebound. The S&P 500 was down as much as 0.4% earlier, but is now up 0.5%, hovering near its best mark of the day. Meanwhile, the tech-heavy Nasdaq is up 0.6%, and the blue-chip Dow is also higher by 0.6%. Read More
September 10, 2018
The S&P 500 advanced for the first time this month on Monday, tacking on 0.2%, in what was a range-bound day of trading on Wall Street. Most S&P sectors climbed, but continued concerns over U.S.-China trade relations kept gains in check. The tech-heavy Nasdaq advanced 0.3%, but the blue-chip Dow underperformed, losing 0.2%. Read More
September 7, 2018
Stocks slipped on Friday, giving the bears a clean sweep for the abbreviated week, after the Employment Situation report for August showed a stronger-than-expected increase in average hourly earnings and after President Trump threatened yet another round of tariffs on Chinese goods. The S&P 500 finished lower by 0.2%, while the Dow Jones Industrial Average and the Nasdaq Composite lost 0.3% apiece. Read More
September 6, 2018
Stocks have fallen once again today, putting the S&P 500 on track for its fourth loss in five sessions. The benchmark index is currently drifting just a step above its session low with a loss of 0.6%, extending its weekly decline to 1.0%. Meanwhile, the tech-heavy Nasdaq is underperforming, down 1.2%, but the Dow is down just 0.1%. Read More
September 5, 2018
The S&P 500 dropped for the third time in four sessions on Wednesday, losing 0.3%, as technology and consumer discretionary shares weighed, overpowering gains most elsewhere. The tech-heavy Nasdaq showed relative weakness, tumbling 1.2%, while the blue-chip Dow outperformed, tacking on 0.1%. Read More
September 4, 2018
Stocks opened the holiday-shortened week on a modestly lower note, pulling back from last week's record highs amid continued uncertainty over U.S.-Canada trade relations. The S&P 500 finished with a loss of 0.2%, but did close in the upper half of its daily range. Meanwhile, the Dow slipped 0.1%, and... Read More
August 31, 2018
Friday's trading session — the last session ahead of an extended Labor Day weekend — was an eventful one in terms of trade-related headlines, but a largely uneventful one for the major averages, which finished roughly flat. The S&P 500 (unch) added less... Read More
August 30, 2018
Stocks look ready to take a breather this morning following four straight record-setting sessions on Wall Street. Futures are pointing towards a modestly lower open, with the S&P 500 futures trading five points, or 0.2%, below fair value. The tech-heavy Nasdaq 100 futures... Read More
August 29, 2018
Wednesday was another record-setting day on Wall Street with the S&P 500 (+0.6%), the Nasdaq Composite (+1.0%), and the small-cap Russell 2000 (+0.4%) closing at all-time highs for the fourth day in a row. The Dow Jones... Read More
August 28, 2018
The S&P 500 (unch) eked out a very narrow victory on Tuesday, closing at a new record high for the third session in a row. The Nasdaq Composite (+0.2%) and the Russell 2000 (unch) also notched new records, and the Dow Jones Industrial... Read More
August 27, 2018
Wall Street extended Friday's push into record territory on Monday, with the S&P 500 (+0.8%) registering its second straight record close. The tech-heavy Nasdaq (+0.9%) and the small-cap Russell 2000 (+0.2%) also notched new records, while the... Read More
August 24, 2018
Friday was a record-setting day for the stock market, with the S&P 500 (+0.6%) notching its first record close (2874.69) since January 26. The Nasdaq (+0.9%) also registered a fresh record finish, as did the small-cap Russell... Read More
August 23, 2018
It's been another range-bound day of trading thus far that's left the S&P 500 just a tick lower at midday. The benchmark index remains within striking distance of record territory, hovering about 0.4% below its January 26 record close, but political uncertainty surrounding... Read More
August 22, 2018
The S&P 500 held steady on Wednesday, finishing just a tick below its flat line, in what was a range-bound day of trading. Investors had several headlines to work through, including criminal convictions of two former advisers... Read More
August 21, 2018
The S&P 500 notched its fourth straight advance on Tuesday, adding 0.2%, and touched a new intraday record (2873.23) before pulling back in the afternoon, eventually settling 0.4% below its January 26 record close (2872.87). The benchmark index kept within a pretty narrow range,... Read More
August 20, 2018
The S&P 500 advanced 0.2% on Monday, closing higher for a third straight session. The benchmark index is now just 0.6% below its January 26 record high. As for the other major averages, the Dow climbed 0.4% on Monday, hitting its best level... Read More
August 17, 2018
The S&P 500 advanced 0.3% on Friday, securing a weekly gain of 0.6%, helped by a Wall Street Journal report that Chinese and U.S. negotiators are planning talks to try to end their trade disagreement ahead... Read More
August 16, 2018
Stocks have rebounded today following reports that China and the U.S. will resume trade talks as early as next week, the first official talks since negotiations broke down two months ago. The major averages have largely been climbing since the opening bell, but some... Read More
August 15, 2018
Stocks dropped for the fifth time in six sessions on Wednesday as tensions between the U.S. and Turkey tightened and as oil prices tumbled to a two-month low, weighing on energy shares. The S&P 500 finished lower by 0.8% after being down as much as 1.3% intraday. The Dow and... Read More
August 14, 2018
The S&P 500 rebounded on Tuesday, ending its four-session losing streak with a gain of 0.6%. The Nasdaq and the Dow also advanced, adding 0.7% and 0.5%, respectively. The major averages quickly extended modest opening gains, but then trended sideways for the final five hours of trading, ending near their... Read More
August 13, 2018
The S&P 500 notched its fourth straight loss on Monday, sliding 0.4%, as the Turkish lira extended Friday's tumble, causing further concerns over the financial health of lenders with heavy exposure to the economically-struggling country. The Nasdaq slipped 0.3%, and the Dow declined 0.5%.
Turkey's... Read More
August 10, 2018
A plunging Turkish lira sent shock waves through global equity markets on Friday, causing concerns over the financial health of lenders with heavy exposure to the economically-struggling country. The S&P 500 lost 0.7%, dropping into the... Read More
August 9, 2018
Stocks look ready to continue yesterday's sideways trend this morning, as the S&P 500 futures are currently trading in line with fair value. The S&P 500 enters today's session with a weekly gain of 0.6% and remains roughly 0.5% below the all-time high... Read More
August 8, 2018
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August 7, 2018
Stocks advanced for a fourth straight session on Tuesday, with the S&P 500 climbing 0.3% to 2858. The benchmark index is now within 0.5% of its January 26 record high. The tech-heavy Nasdaq Composite climbed 0.3% as well, and the blue-chip Dow Jones... Read More
August 6, 2018
Stocks drifted higher on Monday, underpinned by a halfhearted effort from the bulls, who looked a little tired following last week's advance — the fifth straight weekly advance for the S&P 500. All three major averages finished in the green, with the S&P 500 adding 0.4%, the tech-heavy Nasdaq climbing... Read More
August 3, 2018
Stocks added to their weekly gains on Friday as investors took the July Employment Situation report in stride, pushing the S&P 500 higher by 0.5%. The Dow Jones Industrial Average advanced 0.5% as well, and the tech-heavy Nasdaq ticked up 0.1%. Small caps struggled though, sending the Russell 2000 lower... Read More
August 2, 2018
The U.S. stock market is on course for a solidly lower open, as the S&P 500 futures are trading 19 points, or 0.7%, below fair value. The tech-heavy Nasdaq 100 futures are in a similar spot, trading 61 points, or 0.8%, below fair value. Asian equities ended Thursday solidly lower,... Read More
August 1, 2018
The S&P 500 ended a three-session slide on Tuesday, but looks poised to open today's session flat, with the S&P 500 futures trading in line with fair value. Meanwhile, the tech-heavy Nasdaq 100 futures are up 0.3% following an upbeat earnings report and guidance from Apple (AAPL), which has... Read More
July 31, 2018
Stocks broke a three-session losing streak on Wednesday, with industrial shares leading the charge. The major averages extended modest opening gains throughout the morning, but slipped a bit in the final stretch, closing a step below their session highs. The S&P 500 added 0.5%; the Dow climbed 0.4%; the Nasdaq rose 0.6%; and the small-cap Russell 2000 jumped 1.1%. Read More
July 30, 2018
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Stocks dropped for a third straight session on Monday, with tech shares again pacing the retreat. Both the S&P 500 and the Dow Jones Industrial Average lost 0.6% apiece, while the tech-heavy Nasdaq Composite tumbled 1.4%. The averages opened flat, but slipped into the afternoon, settling just above session lows.
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July 27, 2018
Stocks started Friday stable, but began tumbling in the afternoon, with tech shares pacing the broad-based retreat.
The tech-heavy Nasdaq dropped 1.5%, ending the week lower by 1.1%. The S&P 500 and the Dow also declined, losing 0.7% and 0.3%, respectively, but managed to keep in positive territory for the week (+0.6%; +1.6%). The small-cap Russell 2000 underperformed (-1.9%), extending its weekly loss to 2.0%.
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July 26, 2018
Stocks are on course for a lower start to today's session following a late-afternoon spike on Wednesday. The S&P 500 futures are 10 points, or 0.4%, below fair value.
The tech-heavy Nasdaq 100 futures are 104 points, or 1.4%, below fair value after Facebook... Read More
July 25, 2018
The S&P 500 (+0.9%) advanced for a third straight session on Wednesday, extending its weekly gain to 1.6%. The Dow (+0.7%) and the Nasdaq (+1.2%) also climbed, with the Nasdaq hitting a new record. Stocks held modest gains with 30 minutes left in the session, but spiked to new highs following headlines that President Trump has secured trade concessions from the EU. Read More
July 24, 2018
It was an erratic day of trading on Wall Street, with tech shares being the primary source of volatility. The tech-heavy Nasdaq Composite jumped 1.1% at the start of Tuesday's session, touching a new intraday record, but gave it all back, settling a tick below its flat line. The S&P 500 and the Dow also reversed course intraday, but managed to tack on 0.5% and 0.8%, respectively, nonetheless. Small caps struggled, pushing the Russell 2000 lower by 1.1%. Read More
July 23, 2018
Financial shares helped to nudge the market a tick higher on Monday, underpinned by a steepening of the yield curve. The S&P 500 and the Nasdaq Composite tacked on 0.2% and 0.3%, respectively, but the Dow underperformed, shedding 0.1%. Action was range-bound, with the S&P 500 keeping between -0.2% and +0.2%. Read More
July 20, 2018
Stocks finished a range-bound Friday session little changed, shrugging off potentially rattling comments from President Trump. The S&P 500 and the Nasdaq Composite both lost 0.1%, while the Dow Jones Industrial Average finished unchanged. Friday's stumble left the S&P 500 flat for the... Read More
July 19, 2018
U.S. equities stumbled on Thursday, breaking a five-session winning streak for the Dow Jones Industrial Average, which finished with a loss of 0.5%. The S&P 500 and the Nasdaq Composite declined as well, losing 0.4% apiece, but the small-cap Russell 2000 managed to advance, adding 0.6%. Read More
July 18, 2018
The market ticked higher on Wednesday, with financial and industrial shares doing the heavy lifting. The S&P 500 and the Dow advanced 0.2% and 0.3%, respectively, but the tech-heavy Nasdaq lagged, closing just a tick below its unchanged mark and narrowly missing a... Read More
July 17, 2018
Today started with a whimper, but it eventually unfolded with a bang as the stock market overcame the shock of a reporting disappointment from growth-stock darling Netflix (NFLX 379.48, -21.00, -5.2%). Remarkably, it was Netflix that helped turn the tide of negative sentiment and fostered a broad-based rebound effort... Read More
July 16, 2018
Stocks opened the week with a sleepy performance on Monday that ended with a slim loss of 0.1% for the S&P 500. The Nasdaq Composite also declined, losing 0.3%, but the Dow Jones Industrial Average managed to add 0.2%. The Russell 2000 underperformed, dropping 0.5%. Read More
July 13, 2018
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Stocks eked out a slim victory on Friday following a range-bound day of trading on lighter-than-usual volume. The S&P 500 (+0.1%) hit some technical resistance at the 2800 level, which it hasn't been able to conquer since early February. The Dow Jones Industrial Average (+0.4%) did modestly better, and the Nasdaq Composite finished flat.
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July 12, 2018
Wall Street is looking to resume its upward trend after hitting a bump in the road on Wednesday when the S&P 500 dropped for the first time in five sessions. The S&P 500 futures are trading 14 points, or 0.5%, above fair value, and the benchmark index enters today's session... Read More
July 11, 2018
Stocks snapped a four-session winning streak on Wednesday as U.S.-China trade tensions retook center stage and as crude oil prices tumbled, weighing on energy shares. The S&P 500 dropped 0.7% to 2774, the Dow Jones Industrial Average declined 0.9% to 24700, and the... Read More
July 10, 2018
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July 9, 2018
Stocks rallied for a third consecutive session on Monday as investors shelved their trade war fears and set their sights on the Q2 earnings season, which will unofficially kick off on Friday. The S&P 500 and the Nasdaq advanced 0.9% apiece, and the Dow added 1.3%, climbing back into positive... Read More
July 6, 2018
Apparently, a trade war started on Friday — or so it was said — yet the stock market acted as if there was a daisy stuck in the barrel of every trade threat. For the second day in a row, the stock market... Read More
July 5, 2018
The stock market has traded predominately with a bullish mindset today, although it did have a moment around mid-morning when its mindset wavered and the major indices threatened to give back all of their morning gains. ... Read More
July 3, 2018
The market ended an abbreviated Tuesday session on a disappointing note, falling victim to a late tech-led sell off. The S&P 500 ended lower by 0.5%, closing near its worst mark of the day and dropping about six points below its 50-day moving... Read More
July 2, 2018
A tech-charged afternoon rally saved the U.S. equity market from kicking off the abbreviated Fourth of July week on a lower note. The S&P 500 advanced 0.3%, closing at its best mark of the day and about eight points above its 50-day moving average. The Dow added 0.2%, the Nasdaq... Read More
June 29, 2018
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Stocks got off to a good start on Friday, but gave back nearly everything during the final hour of trading. The S&P 500 was up 1.0% at its best mark of the day, but ended with a gain of just 0.1%, closing a tick above its 50-day moving average. The Nasdaq also added 0.1%. The Dow climbed 0.2%.
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June 28, 2018
Stocks rebounded on Thursday, reclaiming around a third of their weekly losses. The S&P 500 advanced 0.6%, but some late selling left it just a tick below its 50-day moving average. The Nasdaq did a little better, adding 0.8%, while the Dow and the Russell 2000 underperformed, climbing 0.4% and 0.3%, respectively. Read More
June 27, 2018
Stocks ended Wednesday's session on a solidly lower note, despite getting off to a good start. The S&P 500 was up as much as 0.9%, but finished lower by 0.9%, closing below its 50-day moving average for the first time in seven weeks. The Dow declined 0.7%, and the Nasdaq and the Russell 2000 lost 1.5%-1.7% apiece.
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June 26, 2018
Stocks rebounded modestly on Tuesday -- reclaiming less than a fifth of their Monday losses -- with energy shares leading the way, helped by a spike in oil prices. The S&P 500 ended higher by 0.2% after finding early support at its 50-day moving average. Small caps outperformed, pushing the Russell 2000 up 0.7%. Read More
June 25, 2018
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Stocks got hit pretty hard on Monday amid escalated fears that the U.S. and China are headed towards a full-blown trade war. Losses were broad-based, with declining issues outnumbering advancing issues 3 to 1 on the New York Stock Exchange. However, the market did settle notably above session lows thanks to some late comments from the White House.
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June 22, 2018
The S&P 500 ended the week on a positive note by advancing 0.2% on Friday. Energy shares led the broad-based rally thanks to a spike in oil prices, which surged to a four-week high as OPEC wrapped up its latest summit in Vienna. However, financials, technology, and consumer discretionary... Read More
June 21, 2018
The stock market ended a three-session losing streak yesterday, but is on course to open today's session slightly lower. The S&P 500 futures are down 0.1%.
Oil ministers from the Organization of Petroleum Exporting Countries (OPEC) and other major oil-producing countries, including Russia,... Read More
June 20, 2018
Stocks ended a three-session skid on Wednesday as a heap of corporate news served to distract investors from escalated U.S.-China trade tensions. The Nasdaq and the Russell 2000 rallied to new record highs, adding around 0.7%... Read More
June 19, 2018
U.S. stocks retreated for a third consecutive session on Tuesday as U.S.-China trade tensions continued to weigh on sentiment. However, also for the third straight session, an intraday rebound made the close look notably better than the open. The S&P 500, for instance,... Read More
June 18, 2018
Wall Street is on course to begin the week on a lower note, as the S&P 500 futures are trading 18 points, or 0.6%, below fair value.
Fears over a trade war between the U.S. and China have been the widely-cited catalyst behind this morning's sell off — although there haven't... Read More
June 14, 2018
Stocks are mostly higher this afternoon, but financial shares have been selling off amid a flattening of the yield curve. The S&P 500 and the Nasdaq Composite are up 0.2% and 0.8%, respectively, while the Dow Jones Industrial Average is slightly lower, down... Read More
June 13, 2018
Stocks drifted flat to slightly higher for much of Wednesday's session, but slipped in the afternoon following the Fed's decision to up its rate-hike forecast. The S&P 500 and the Dow Jones Industrial Average finished lower by... Read More
June 12, 2018
Equities settled Tuesday little changed as investors showed a muted reaction to President Trump's historic summit with North Korean leader Kim Jong Un. The S&P 500 ticked higher for a third straight session, adding 0.2%, while... Read More
June 11, 2018
The stock market is on course for a flattish start to today's session following last week's rally, which left the S&P 500 at a three-month high, and ahead of President Donald Trump's meeting with North Korean leader Kim Jong Un and policy meetings... Read More
June 8, 2018
It's been a range-bound day on Wall Street thus far as investors keep an eye towards Quebec where G7 leaders are holding their annual summit. The S&P 500 was down modestly this morning, but a recent uptick in buying has pushed it into... Read More
June 7, 2018
The U.S. equity market is on course for a slightly higher start to today's session, looking to extend its winning streak to five sessions. The S&P 500 futures are currently trading two points, or 0.1%, above fair value after the benchmark index finished Wednesday at its best level in three... Read More
June 6, 2018
U.S. equities are looking to extend their winning streak to four sessions this morning, as the S&P 500 futures are trading eight points, or 0.3%, above fair value. Both the tech-heavy Nasdaq Composite and the small-cap Russell 2000 will be attempting to settle at new record highs for the third... Read More
June 5, 2018
Stocks ended Tuesday on slightly higher note, with the S&P 500 adding 0.1%. The Nasdaq (+0.4%) and the Russell 2000 (+0.7%) outperformed, finishing at new all-time highs for the second day in a row, but the Dow lagged, closing lower by 0.1%. The major averages kept within pretty narrow ranges... Read More
June 4, 2018
The equity market kicked off the week with a quiet victory on Monday, adding to last week's advance. The tech-heavy Nasdaq climbed 0.7% to 7606.46, closing at a new record high for the first time since March 12. Meanwhile, the S&P 500 and... Read More
June 1, 2018
The month of May might have ended with a whimper, but the month of June started with a bang. Driven by an easing of the political tension in Europe and another employment report out of the U.S. that produced strong job growth, modest... Read More
May 31, 2018
The U.S. stock market is on track for a flattish start to today's session following a volatile start to the week that featured a 1.2% decline for the S&P 500 on Tuesday followed by a 1.3% surge on Wednesday. The S&P 500 futures are currently trading two points, or 0.1%,... Read More
May 30, 2018
Wall Street regained Tuesday losses on Wednesday, and a little extra, as investors walked back their bearish reaction to Italy's ongoing political crisis. The S&P 500 and the Dow advanced 1.3% apiece, while the Nasdaq finished with a gain of 0.9%. Smaller companies... Read More
May 29, 2018
Uncertainty surrounding the future of the Italian government sent equity markets lower around the globe on Tuesday as U.S. investors returned to the trading desk for the first time this week following an extended Memorial Day... Read More
May 25, 2018
The stock market ended Friday on a mostly lower note, but managed to keep in positive territory for the week. The S&P 500 declined 0.2% on Friday, closing the week higher by 0.3%. The Dow also... Read More
May 24, 2018
Stocks are a ways above their session lows this afternoon, but still in the red following President Trump's decision to cancel his June 12 summit with North Korean leader Kim Jong Un. The S&P 500 is down 0.3% after opening flat and being... Read More
May 23, 2018
The major indices were already in the process of paring larger losses registered earlier in the session, yet they jumped noticeably following the release of the FOMC Minutes for the May meeting.
The impetus for the positive, knee-jerk response was the acknowledgment in the minutes that, "... a temporary period... Read More
May 22, 2018
Stocks held slim gains through most of Tuesday's session, but a late bout of selling left the major averages in negative territory. The Dow led the retreat, losing 0.7%, while the S&P 500 and the Nasdaq ended with losses of 0.3% and 0.2%,... Read More
May 21, 2018
Weekend comments from Treasury Secretary Steven Mnuchin, who said that a trade war between the U.S. and China has been put on hold, helped the U.S. stock market rebound from last week's losses on Monday. The major averages did settle below their session... Read More
May 18, 2018
Stocks were range-bound on Friday, drifting near their flat lines from open to close. The S&P 500 and the Nasdaq ended with losses of 0.3% and 0.4%, respectively, while the Dow eked out a very slim victory, adding less than 0.1%. Small caps... Read More
May 17, 2018
The stock market is flat this afternoon, but held a modest gain through much of the morning. Small caps are outperforming, pushing the Russell 2000 (+0.5%) to a new all-time high.
Energy (+1.2%) is the top-performing S&P sector, by a comfortable margin, as crude... Read More
May 16, 2018
U.S. equities have rebounded today, reclaiming a good chunk of their Tuesday declines. A recent spike has taken the major averages to new session highs, with the Dow up 0.3%, the S&P 500 up 0.5%, and the Nasdaq up 0.8% at midday. The... Read More
May 15, 2018
The Dow's eight-session winning streak came to an abrupt end on Tuesday as Treasury yields spiked, returning to multi-year highs. The Dow and the Nasdaq finished with losses of 0.8% apiece, while the S&P 500 ended lower by 0.7%. The small-cap Russell 2000 held... Read More
May 14, 2018
The stock market began the week on a slightly higher note, but intraday action saw the major averages back off their opening highs. The S&P 500 added 0.1% after being up 0.5% in the early going. The Dow Jones Industrial Average outperformed, rising... Read More
May 11, 2018
Equities ticked higher on Friday, locking in big gains for the week, as a positive performance from the health care sector narrowly outweighed a modest pullback from the information technology group. The S&P 500 and the... Read More
May 10, 2018
Stocks have cooled off following yesterday's unexpected surge, leaving the market on track for a flattish open. The S&P 500 futures are six points, or 0.2%, above fair value.
Investors are set to receive some key inflationary data this morning — namely, the April... Read More
May 9, 2018
Equities made a strong move higher on Wednesday, with the S&P 500 and the Nasdaq climbing 1.0% apiece, and the Dow advancing 0.8%.
The day began on a mildly higher note as investors continued to digest President Trump's Tuesday decision to withdraw the U.S.... Read More
May 8, 2018
The stock market ended Tuesday little changed as investors chewed on President Trump's decision to pull the U.S. out of the Iran nuclear agreement all the way through the closing bell. The Dow and the Nasdaq finished a tick higher, while the S&P 500 finished a tick lower. Small caps... Read More
May 7, 2018
Stocks were range-bound for much of Monday's session, cruising towards what looked like an easy victory, but news that President Trump will announce his decision regarding the Iran nuclear deal on Tuesday prompted a wave of selling in the late afternoon. The market... Read More
May 4, 2018
U.S. equities rallied on Friday following the publication of the monthly jobs report, with technology names leading the charge — including Apple (AAPL 183.83, +6.94), which rallied 3.9% after Warren Buffet revealed his company, Berkshire Hathaway... Read More
May 3, 2018
U.S. equities are on course for a lower open, as the S&P 500 futures are trading 12 points, or 0.5%, below fair value. The S&P 500 has declined in two of this week's three sessions — most recently on Wednesday, when the benchmark index dropped 0.7%. Week to date, the... Read More
May 2, 2018
The major averages finished the midweek session on a lower note despite an upbeat quarterly earnings report from Apple (AAPL 176.57, +7.47) and a status quo directive from the Federal Open Market Committee. The S&P 500 and the Dow lost 0.7% apiece,... Read More
May 1, 2018
Strength in technology shares carried the broader market to a modest victory on Tuesday, leaving the major averages at their best marks of the day. The S&P 500 added 0.3%, the tech-heavy Nasdaq rallied 0.9%, and the small-cap Russell 2000 jumped 0.6%. The Dow underperformed, however, losing 0.3%.
The major averages... Read More
April 30, 2018
Stocks got off to a decent start on Monday, but ended the session on a lower note. The major averages finished at their worst marks of the day due to a sharp bout of selling in the final minutes; the S&P 500 and the Nasdaq settled with losses of 0.8%... Read More
April 27, 2018
The major averages ended Friday little changed despite strong earnings reports from Amazon (AMZN 1572.62, +54.66), Microsoft (MSFT 95.82, +1.56), and Intel (INTC 52.73, -0.32) — three high-profile names that helped pace last year's... Read More
April 26, 2018
It's been a positive day on Wall Street thus far, with the major averages reclaiming a good chunk of their losses for the week. The S&P 500 and the Dow Jones Industrial Average are up 0.8% apiece, while the tech-heavy Nasdaq Composite shows... Read More
April 25, 2018
The stock market fell sharply yesterday, with the major averages losing more than 1.0% apiece, and looks poised to keep on dropping this morning, as the S&P 500 futures are trading nine points, or 0.3%, below fair value. The S&P 500's 200-day moving average (2608) is in play today after... Read More
April 24, 2018
Equities tumbled on Tuesday, with the Dow Jones Industrial Average notching its fifth straight loss, as the benchmark 10-yr Treasury yield continued its climb towards 3.0% and as investors digested the latest batch of first quarter... Read More
April 23, 2018
The stock market enters the week on a two-session skid, hoping that some good earnings news can lure buyers away from the sidelines. Equity futures are currently pointing towards a flat open, with the S&P 500 futures trading just one point above fair value.
More than one third of S&P 500... Read More
April 20, 2018
Stocks retreated for the second day in a row on Friday, with shares of tech giant Apple (AAPL 165.72, -7.08, -4.1%) falling sharply. The S&P 500 lost 0.9%, the Dow Jones Industrial Average dropped 0.8%, and the tech-heavy Nasdaq Composite declined 1.3%, but all three major averages managed to... Read More
April 20, 2018
Stocks retreated for the second day in a row on Friday, with shares of tech giant Apple (AAPL 165.72, -7.08, -4.1%) falling sharply. The S&P 500 lost 0.9%, the Dow Jones Industrial Average dropped 0.8%, and the tech-heavy Nasdaq Composite declined 1.3%, but all three major averages managed to... Read More
April 19, 2018
Stocks have given back about a third of their weekly gains today, as investors try to digest a heap of corporate news — most of which is earnings related. The major averages have extended their opening losses over the course of the session... Read More
April 18, 2018
Equity indices are mixed at midday after a range-bound first half of trading. The S&P 500 and the Nasdaq Composite are up 0.3% and 0.4%, respectively, while the Dow Jones Industrial Average is down 0.1%. All three major averages are looking for their third consecutive win and are up between... Read More
April 17, 2018
Stocks climbed for the second straight session on Tuesday, as investors turned their attention from geopolitical tensions to Q1 corporate earnings — which have been largely upbeat thus far. The tech-heavy Nasdaq Composite was particularly strong,... Read More
April 16, 2018
Investors breathed a sigh of relief on Monday, pushing stocks solidly higher, after a U.S.-led strike on Syria over the weekend turned out to be less dramatic than many had feared.
The S&P 500 finished higher by 0.8% at 2677.84 after getting rejected at... Read More
April 13, 2018
Stocks slipped on Friday, ending a positive week on a disappointing note, as some geopolitical angst prompted investors to take some money off the table ahead of the weekend. The S&P 500 declined 0.3%, the Nasdaq Composite lost 0.5%, and the Dow Jones... Read More
April 12, 2018
Stocks revived a rebound rally on Thursday following a midweek slump, pushing the S&P 500 higher by 0.8%. The Nasdaq Composite and the Dow Jones Industrial Average did even better, climbing 1.0% and 1.2%, respectively, while the small-cap Russell 2000 lagged a bit,... Read More
April 11, 2018
Increased tensions between the U.S. and Russia over the ongoing situation in Syria has weighed on sentiment today — although things have gotten a little more cheerful since the opening bell. The S&P 500 is currently down 0.2%, while the Nasdaq trades a... Read More
April 10, 2018
Stocks were up big from start to finish on Tuesday following conciliatory remarks from Chinese President Xi Jinping, which helped ease fears of a global trade war. The major averages endured some intraday volatility to finish... Read More
April 9, 2018
Equities look ready to rebound this morning following a big drop on Friday that left the major averages with losses of around 2.0% apiece. The S&P 500 futures are up 14 points (or 0.6%), the Nasdaq futures are up 43 points (or 0.7%),... Read More
April 6, 2018
The stock market closed the week on a decidedly lower note, falling victim to fears about potential trade wars, the Federal Reserve's tightening bias, and the specter of earnings growth not living up to this year's high expectations. The Dow, Nasdaq, S&P 500,... Read More
April 5, 2018
Equities advanced for a third consecutive session on Thursday, with energy and materials shares leading a broad-based rally.
The benchmark S&P 500 jumped 0.7% to 2662.84, trimming its yearly loss to 0.4%, while the Nasdaq Composite climbed 0.5% to 7076.55, and the Dow Jones... Read More
April 4, 2018
Stocks fought through trade war fears on Wednesday to advance for the second session in a row. The S&P 500, which opened Wednesday with a loss of around 1.5%, finished higher by 1.2% at 2644.69. The Nasdaq and the Dow also opened solidly... Read More
April 3, 2018
U.S. equities rebounded on Tuesday, reclaiming a little more than half of their Monday losses in a broad-based rally. The S&P 500 advanced 1.3% to 2614.45, the Dow Jones Industrial Average climbed 1.7% to 24033.36, and the Nasdaq Composite jumped 1.0% to 6941.28.
The major averages bounced around with modest gains... Read More
April 2, 2018
U.S. equities registered big losses on Monday, with declining issues outpacing advancing issues four to one at the New York Stock Exchange.
The S&P 500 dropped 58.99 points, or 2.2%, to 2581.88, falling to its lowest level since mid-November and closing below its 200-day simple moving average (2589.85) for the first... Read More
March 29, 2018
Technology shares rebounded on Thursday, leading a broad rally on Wall Street, as investors kicked off the extended Easter weekend on a positive note.
The tech-heavy Nasdaq Composite jumped 1.6% to 7063.44, the S&P 500 climbed 1.4% to 2640.87, and the Dow Jones Industrial... Read More
March 28, 2018
Equities were up and down on Wednesday, eventually settling below Tuesday's closing levels, as influential FAANG names like Amazon (AMZN 1431.42, -65.63) and Netflix (NFLX 285.77, -14.92) dropped sharply for the second day in... Read More
March 27, 2018
Equities tried to extend Monday's rebound at the start of Tuesday's session, but ended up giving back the bulk of Monday's gains instead. Technology shares led the retreat, pushing the tech-heavy Nasdaq lower by 2.9%. The... Read More
March 26, 2018
The U.S. equity market is on course to reclaim a nice chunk of last week's heavy losses this morning following a Wall Street Journal report that the U.S. and China have quietly started negotiating to improve American access to Chinese markets. The S&P 500 futures are trading 39 points, or 1.5%,... Read More
March 23, 2018
Stocks dropped again on Friday, piling on losses for the week; the S&P 500 tumbled 2.1% to 2588.26, the Nasdaq Composite declined 2.4% to 6992.67, and the Dow Jones Industrial Average slid 1.8% to 23533.20 — its worst close since November 2017. The three major indices finished the week with... Read More
March 22, 2018
Stocks tumbled on Thursday as a slew of leery headlines left buyers on the sidelines. The S&P 500 lost 2.5%, dropping into negative territory for the year (-1.1%) and extending its week-to-date decline to 3.9%, while the Nasdaq and the Dow tumbled 2.4% and... Read More
March 21, 2018
Stocks swung sharply on Wednesday afternoon following the release of the Fed's latest policy directive, which increased the fed funds target range by 25 basis points to 1.50%-1.75%. The S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average eventually settled with... Read More
March 20, 2018
Stocks reclaimed a small portion of Monday's decline in choppy trade on Tuesday as investors began gearing up for the Fed's latest policy directive, which will cross the wires on... Read More
March 19, 2018
U.S. equities took a beating on Monday, with declining issues outnumbering advancing issues nearly four to one on the New York Stock Exchange. The S&P 500 and the Dow Jones Industrial Average dropped 1.4% apiece, while the tech-heavy Nasdaq Composite lost 1.8% as... Read More
March 18, 2018
Wall Street wrapped up a disappointing week on a positive note on Friday, in what was a quiet and fairly range-bound session. The S&P 500 advanced 0.2%, breaking a four-session losing streak, while the Dow and the small-cap Russell 2000 added 0.3% and... Read More
March 15, 2018
The S&P 500 is slightly higher this afternoon, up 0.1%, hoping to hold on for its first win of the week. Meanwhile, the Nasdaq Composite trades flat and the Dow Jones Industrial Average trades higher by 0.9% after lagging behind the other major... Read More
March 14, 2018
The S&P 500 moved lower for the third consecutive session on Wednesday, losing 0.6%, as fears over a potential trade war continued linger. The Dow Jones Industrial Average did even worse, losing 1.0%, while the tech-heavy Nasdaq Composite held up relatively well, shedding... Read More
March 13, 2018
U.S. equities got off to a good start on Tuesday, but began declining soon thereafter, finishing the session on a broadly lower note. The S&P 500 and the Dow Jones Industrial Average ended with losses of... Read More
March 12, 2018
The U.S. equity market had a big day on Friday following another 'Goldilocks' jobs report, with the Nasdaq Composite rallying 1.8% to a new record high, and looks poised to open today's session with a modest gain. The S&P 500 futures are trading... Read More
March 9, 2018
Stocks advanced on Friday, climbing steadily over the course of the session, as investors cheered the Employment Situation Report for February, which showed strong jobs growth while keeping inflation concerns at bay. The Nasdaq Composite climbed 1.8%... Read More
March 8, 2018
U.S. equities ticked higher on Thursday as investors awaited President Trump's official approval of tariffs on steel and aluminum imports, which he gave minutes before the closing bell. The S&P 500 finished with a gain of 0.5%, closing at its best mark of the... Read More
March 7, 2018
An afternoon rally left the U.S. equity market little changed on Wednesday as investors contemplated the resignation of White House Chief Economic Advisor Gary Cohn. The S&P 500 finished a tick below its flat line (-0.1%), breaking a three-session winning streak, while the Nasdaq did a little better (+0.3%) and... Read More
March 6, 2018
Stocks finished modestly higher on Tuesday, notching their third consecutive victory, following a hard-fought battle between the bulls and the bears. The S&P 500 advanced 0.3%, while the Nasdaq Composite climbed 0.6% and the Dow Jones Industrial Average closed flat. The small-cap Russell 2000 outperformed, rallying 1.0%.
Investors continued weighing the... Read More
March 5, 2018
Stocks ended a three-session skid with a win on Friday, but look poised to resume their downward march this morning. The S&P 500 futures are trading nine points, or 0.3%, below fair value.
Overseas, equity markets in the Asia-Pacific region started the week on... Read More
March 2, 2018
Wall Street finished a disappointing week with a mostly positive outing on Friday. The S&P 500 and the Nasdaq finished with gains of 0.5% and 1.1%, respectively, largely thanks to a late rally that left the two indices at their best marks of the day. Meanwhile, the Dow lost 0.3%,... Read More
March 1, 2018
Stocks tumbled for the third day in a row on Thursday, with the major averages losing between 1.3% and 1.7%. The market kept close to its flat line for the first... Read More
February 28, 2018
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Stocks tumbled on Wednesday, with the bulk of the losses coming in the final hour of trading. The S&P 500 dropped 1.1%, moving below its 50-day simple moving average (2736) for the first time this week. The Nasdaq Composite (-0.8%) held up slightly better, while the Dow Jones Industrial Average (-1.5%) did slightly worse.
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February 27, 2018
Equities dropped on Tuesday, giving back all of their Monday gains, as new Fed Chairman Jerome Powell delivered his first semiannual testimony on Capitol Hill. The S&P 500 tumbled 1.3%, while the Nasdaq Composite and the Dow Jones Industrial Average lost 1.2%. The major averages finished at their worst marks... Read More
February 26, 2018
The S&P 500 futures are trading 10 points, or 0.4%, above fair value as investors look to continue Friday's rally.
Overseas, equity indices in the Asia-Pacific region kicked off the week on a positive note, with Japan's Nikkei (+1.2%) and China's Shanghai Composite (+1.2%) setting the pace, and the major European... Read More
February 23, 2018
Stocks rallied on Friday, turning what was a disappointing week into a modest success. The Nasdaq Composite led the charge, adding 1.8%, while the S&P 500 and the Dow Jones Industrial Average climbed 1.6% and 1.4%, respectively. For the week, the three major... Read More
February 22, 2018
The S&P 500 (+0.1%) and the Nasdaq (-0.1%) ended Thursday's session little changed, keeping their weekly losses intact. The Dow, meanwhile, rallied 0.7% to end a two-session losing streak and trim its weekly decline to 1.0%. The S&P 500 also ended a two-session... Read More
February 21, 2018
The S&P 500 futures are trading three points (0.1%) below fair value this morning as investors look ahead to the 2:00 PM ET release of the minutes from the January FOMC meeting. Meanwhile, the Nasdaq 100 futures are trading 15 points (0.2%)... Read More
February 20, 2018
U.S. equities opened the abbreviated week on a lower note, with the S&P 500 and the Dow Jones Industrial Average breaking their six-session winning streaks. The two indices lost 0.6% and 1.0%, respectively, while the tech-heavy Nasdaq Composite managed to escape with a... Read More
February 16, 2018
Stocks kept their weekly gains intact ahead of the extended Presidents' day weekend, finishing Friday's session little changed.
The S&P 500 (unch) and the Dow Jones Industrial Average (+0.1%) eked out their sixth consecutive victories, while the Nasdaq Composite underperformed, finishing lower by 0.2%. For the week, the three major stock... Read More
February 15, 2018
It's been a good week for Wall Street, which seems to have found its footing following last week's drubbing. The S&P 500 advanced on Monday, Tuesday, and Wednesday, adding 3.0% in total, and the S&P 500 futures are pointing towards more gains at... Read More
February 14, 2018
U.S. equities advanced for a fourth consecutive session on Wednesday, overcoming a hotter-than-expected January CPI reading. The Nasdaq Composite led the rally, adding 1.9%, followed by the S&P 500 (+1.3%) and the Dow Jones Industrial Average (+1.0%), both of which returned to... Read More
February 13, 2018
U.S. equities overcame early weakness on Tuesday to push the major indices higher for the third session in a row.
The Nasdaq Composite climbed 0.5%, the S&P 500 rose 0.3%, and the Dow Jones Industrial Average added 0.2%, settling near their session highs. The... Read More
February 12, 2018
Equities quietly reclaimed a nice chunk of last week's losses on Monday, with the Dow climbing 1.7%, the Nasdaq rising 1.6%, and the S&P 500 adding 1.4%.
There was some... Read More
February 9, 2018
U.S. equities reclaimed a nice chunk of their losses for the week on Friday in another volatile trading session. The S&P 500 gained 1.5%, while the Dow Jones Industrial Average and the Nasdaq Composite advanced 1.4% apiece. The small-cap Russell 2000 also rallied, climbing 1.0%.
The S&P 500 covered a wide... Read More
February 8, 2018
Stocks closed sharply lower on Thursday, losing ground for the fifth time in six sessions. The selling was broad-based and indiscriminate as all 11 S&P 500 sectors finished deep in red figures. The losses for the sectors ranged from 1.2% (utilities) to 4.5% (financials).
The Dow Jones Industrial Average dropped 4.2%,... Read More
February 7, 2018
Equity futures endured another volatile night of trading, with the S&P 500 futures dropping as much as 1.3% below fair value.
The S&P 500 futures are currently 13 points, or 0.5%, below fair value, putting stocks on course to extend their losses for the week; the major stock indices hold week-to-date... Read More
February 6, 2018
Stocks went on another roller coaster ride on Tuesday, but, unlike Monday, this ride left the major indices solidly higher.
The Dow Jones... Read More
February 5, 2018
It was a frenetic day of trading action on Wall Street. At one point, the price-weighted Dow Jones Industrial Average plunged 1,597 points, or 6.3%, which was its largest intraday point loss in history. The selling wasn't as pronounced in the S&P 500 and... Read More
February 2, 2018
The sky fell on Friday. Just kidding. The stock market just had a bad day—which has kind of felt as impossible as the prospect of a falling sky since the start of the year.
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February 1, 2018
U.S. equities had a mixed outing on Thursday as investors watched yields rise to multi-year highs, digested a tech-heavy batch of fourth quarter earnings, and looked ahead to Friday's release of the Employment Situation report for January. After opening lower, the market struggled for direction, rotating between modest gains and... Read More
January 31, 2018
Stocks broke a two-session losing streak on Wednesday, but just barely, finishing just a tick above their unchanged marks.
The S&P 500 opened with a gain of 0.5%, but settled higher by just 0.1%. The Nasdaq Composite... Read More
January 30, 2018
U.S. equities tumbled for the second day in a row on Tuesday, with health care and energy shares leading the retreat, as investors took another round of profits following solid gains over the first four weeks of 2018—the S&P 500's best start to... Read More
January 29, 2018
Stocks retreated from record highs on Monday as investors took some profits following four weeks of nearly nonstop gains and ahead of a busy week that will feature President Trump's first State of the Union address... Read More
January 26, 2018
The equity market soared to new records on Friday, locking in its fourth consecutive week of gains.
The Nasdaq Composite jumped 1.3% to 7505.77 (a new record), the S&P 500 climbed 1.2% to 2872.87 (a new record),... Read More
January 25, 2018
Stocks were all over the map on Wednesday as traders fought to extend the new year rally—which has given the major indices year-to-date gains of at least 6.0% apiece. The S&P 500 came up a little short, shedding 0.1%, but looks poised to... Read More
January 24, 2018
Gains keep on coming for the U.S. equity market, which locked in its third straight record finish on Tuesday and looks poised to open Wednesday's session in the green. The S&P 500 futures are trading four points, or 0.1%, above fair value, while... Read More
January 23, 2018
Stocks climbed to new records for the third session in a row on Tuesday, as investors took in the latest batch of fourth quarter earnings and celebrated the reopening of the federal government.
The Nasdaq Composite jumped 0.7%... Read More
January 22, 2018
Equity futures are pointing towards a slightly lower open as the U.S. government shutdown enters day three. The S&P 500 futures trade two points, or 0.1%, below fair value.
The federal government closed nonessential operations at midnight on Friday after the Senate failed to... Read More
January 19, 2018
Stocks climbed to new records on Friday as a looming government shutdown proved no match for the new year rally.
The Nasdaq Composite jumped 0.6% to 7336.38, the S&P 500 climbed 0.4% to 2810.30, and the small-cap Russell 2000 rocketed 1.3% to 1597.61. All... Read More
January 18, 2018
Stocks ticked down from record highs on Thursday as traders contemplated their next move following three weeks of nearly nonstop gains.
The Nasdaq Composite finished just slightly below its flat line while the S&P 500 and the Dow Jones Industrial Average lost 0.2% and... Read More
January 17, 2018
Stocks rallied to new records on Wednesday with technology shares leading the charge.
The Dow Jones Industrial Average jumped 1.3% to 26115.65, the Nasdaq Composite rose 1.0% to 7298.28, the S&P 500 climbed 0.9% to 2802.56, and the Russell 2000 advanced 0.9% to 1586.66.... Read More
January 16, 2018
Stocks rocketed to new records early on Tuesday, but ran out of gas soon thereafter as the new year rally showed signs of fatigue. The major stock indices finished lower across the board.
The S&P 500 and the Nasdaq Composite lost 0.4% and 0.5%, respectively, while the small-cap Russell 2000 tumbled... Read More
January 12, 2018
Stocks ripped to new records for the second day in a row on Friday, extending their fantastic start to 2018.
The Dow Jones Industrial Average rallied 0.9% to 25803.19, the S&P 500 jumped 0.7% to 2786.24, and... Read More
January 11, 2018
Stocks rallied to new records on Thursday as investors geared up for the fourth quarter earnings season, which will begin on Friday.
The small-cap Russell 2000 set the pace, jumping 1.7% to 1585.63. The Nasdaq Composite climbed 0.8% to 7211.78, the Dow Jones Industrial Average increased 0.8% to 25574.73, and the... Read More
January 10, 2018
Stocks slipped from record highs on Wednesday with the S&P 500 and the Nasdaq registering their first losses of 2018. All three major U.S. indices—the S&P 500, the Nasdaq, and the Dow Jones Industrial Average—lost 0.1% while the small-cap Russell 2000 finished flat.
A Bloomberg report that China may trim or... Read More
January 9, 2018
The new year rally continued on Tuesday as stocks hit new records for the sixth consecutive session.
The Dow Jones Industrial Average set the pace, jumping 0.4% to 25385.80, while the S&P 500 and the Nasdaq Composite ticked up 0.1% to 2751.29 and 7163.58,... Read More
January 8, 2018
The U.S. equity market is on course to open today's session slightly lower after an impressive start to 2018. The S&P 500 futures are trading five points, or 0.2%, below fair value.
Wall Street climbed to new record highs last week with the Nasdaq,... Read More
January 5, 2018
Equities notched new records yet again on Friday, advancing for the fourth session in a row.
The Dow Jones Industrial Average climbed 0.9%, the Nasdaq Composite rose 0.8%, and the S&P 500 jumped 0.7%. All three major U.S. indices finished at new record highs,... Read More
January 4, 2018
Stocks advanced to new records for the third session in a row on Thursday, keeping their perfect 2018 record intact.
The Dow Jones Industrial Average climbed 0.6% to 25075.13, the S&P 500 jumped 0.4% to 2723.99, and the Nasdaq Composite ticked up 0.2% to 7077.91. All three stock indices finished at... Read More
January 3, 2018
Wall Street advanced to new record highs for the second day in a row on Wednesday, solidifying a solid start to the new year.
The Nasdaq climbed 0.8% to 7065.53, the S&P 500 jumped 0.6% to 2713.06, the Dow Jones Industrial Average advanced 0.4%... Read More
January 2, 2018
U.S. equities began 2018 on a positive note, jolted by a sense of optimism for the new year.
The major stock indices mostly reclaimed the losses registered ahead of the extended New Year's weekend, with the tech-heavy Nasdaq (+1.5%) settling above the 7000 mark for the first time ever. The S&P... Read More
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