Day Traders Diary

February 26, 2024

The major averages pulled back to start the week after reaching record highs last week on strong earnings. The Dow Jones Industrial Average fell 62 points or 0.16%. The S&P 500 fell 19 points or 0.38% while the Nasdaq Composite declined 20 points. AI stocks initially resumed their rally as Nvidia... Read More

February 23, 2024

The major averages closed mixed after a strong start to the day following better than expected earnings from Nvidia yesterday. The Dow Jones Industrial Average finished up 62 points after rallying 150 points on the open. The S&P 500 inched up a point, closing at a new high. The Nasdaq... Read More

February 22, 2024

The major averages surged today thanks to strong earnings from Nvidia as AI demand accelerates through the tech space. The Dow Jones Industrial Average rose 456 points or 1.1%. The S&P 500 rose 105 points or 2.1% while the Nasdaq surged 460 points or 2.96%. Nvidia jumped 16%, making a new... Read More

February 21, 2024

The major averages closed mixed after pulling back for a third day in a row as traders look ahead to Nvidia's latest quarterly earnings report. The Dow Jones Industrial Average rose 48 points after initially falling 95 points. The S&P 500 rose 6 points after falling 14 points on the... Read More

February 20, 2024

The major averages pulled back to start this holiday-shortened week ahead of a big earnings report from Nvidia tomorrow night. The Dow Jones Industrial Average fell 64 points. The S&P 500 closed 30 points or 0.6% while the Nasdaq fell 144 points or 0.92%. Tech led the weakness with Nvidia falling... Read More

February 16, 2024

The major averages pulled back to end the week following another hot inflation data report that may push off rate cuts from the Federal Reserve. The Dow Jones Industrial Average fell 145 points preet much right where it started the day. The S&P 500 fell 24 points while the Nasdaq... Read More

February 15, 2024

The major averages rebounded once again with the S&P 500 closing at a new high. The Dow Jones rose 348 points or 0.91%. The S&P 500 rose 29 points while the Nasdaq rose 47 points. Weaker than expected retail sales out this morning stalled today's rally initially. The January retail sales... Read More

February 14, 2024

The major averages had a nice rebound on Ash Wednesday and Valentine's Day following the worst day of the year. The Dow Jones Industrial Average rebounded 151 points or 0.4%. The S&P 500 rose 47 points or 0.96%. The Nasdaq jumped 203 points or 1.3%. More earnings continue to flood in.... Read More

February 13, 2024

The major averages took a hit, the biggest down day for the year, following hotter-than-expected inflation data for January causing rates to jump pretty good. The Dow Jones Industrial Average finished down 524 points or 1.35% after dropping over 700 points. The S&P 500 fell 68 points or 1.37% while... Read More

February 12, 2024

The major averages closed mixed on a quiet day following last weeks' new record close for the S&P 500. The Dow Jones Industrial Average rose 125 points. The S&P 500 fell 4 points while the Nasdaq Composite fell 48 points. No major earnings to speak of, but one big merger in... Read More

February 9, 2024

The major averages closed mixed on the day with the S&P 500 at a new high following December inflation data that was revised lower than originally reported.  The Dow Jones Industrial Average fell 54 points or 0.14%. The S&P 500 rose 28 points or 0.57% while the Nasdaq Composite rose... Read More

February 8, 2024

The major averages were quiet but managed to finish in the green with the S&P 500 hitting 5000 before closing just under the milestone.  k of breaching the 5,000 milestone. The Dow Jones Industrial Average rose 48 points or 0.13%. The S&P 500 inched up 2 points while the Nasdaq... Read More

February 7, 2024

The major averages rose once again with the S&P 500 edging closer to the 5,000 level as earnings keep flooding in. The Dow Jones Industrial Average rose156 points or 0.4%. The S&P 500 rose 40 points or 0.82%. The Nasdaq rose 147 points or 0.95%. Tech stocks led the way again... Read More

February 6, 2024

The major averages are mixed to start the day with the Dow Jones Industrial Average performing well, up 80 points or 0.21%. The S&P 500 is modestly higher up 2 points while the Nasdaq is lower by 10 points. On Monday, the S&P 500 was modestly lower, pulling back from its... Read More

February 5, 2024

The major averages pulled back to start the week thanks to hawkish comments from the Federal Reserve Chair Jerome Powell last night on 60 Minutes dashing investor hopes for interest rate cuts any time soon. The Dow Jones Industrial Average fell 274 points or 0.71%. The S&P 500 fell 15... Read More

February 2, 2024

The major averages opened mixed, but then rallied into the close following mixed earnings from tech titans and a much stronger than expected January jobs report. The Dow Jones Industrial Average rose 134 points after falling 85 points on the open. The S&P 500 rose 52 points or 1% while... Read More

February 1, 2024

The major averages had a nice rebound today following a bad day on Wednesday. The Dow Jones Industrial Average jumped 369 points or 0.97% thanks in part to a 4% rally in Merck. The S&P 500 rose 60 points or 1.25% while the Nasdaq rose 197 points or 1.3%. Interest rates... Read More

January 31, 2024

The major averages took a hit after opening mixed following comments from the Fed Chairman that may push off any rate cuts until later in the year. The Dow Jones Industrial Average fell 317 points or 0.82%. The S&P500 fell 79 points or 1.6% while the Nasdaq declined 345 points... Read More

January 30, 2024

The major averages closed mixed today with the Dow looking good thanks to the banks while the S&P 500 fell 2 points while the Nasdaq dropped 118 points ahead of key tech earnings. Plenty of earnings came rolling in this morning including General Motors up 7% following better-than-expected earnings. Other companies... Read More

January 29, 2024

The major averages rallied into the close ahead of a big week for earnings reports and the Federal Reserve's latest rate policy decision. The Dow Jones Industrial Average rose 224 points or 0.59%. The S&P 500 rose 36 points while the Nasdaq Composite rose 172 points or 1.12%.   This week... Read More

January 26, 2024

The major averages closed mixed following solid economic data and more earnings reports. The Dow Jones Industrial Average closed up 60 points or 0.16% thanks to American Express. The S&P 500 fell 3 points while the Nasdaq Composite dropped 55 points or 0.36%.   On the economic front, the December core personal... Read More

January 25, 2024

The major averages close higher as the S&P 500 closed up for a sixth straight day following better than expected economic data and more earnings' reports from the fourth quarter. The Dow Jones industrial Average rose 242 points or 0.53%. The S&P 500 rose 25 points or 0.53% while the... Read More

January 24, 2024

The major averages closed mixed today following plenty of earnings and rising interest rates. The Dow Jones Industrial Average fell 99 points or 0.25%. The S&P 500 rose just 3 points while the Nasdaq rose 55 points.   The diamond so far today goes to Netflix up 10% at an all... Read More

January 23, 2024

The major averages closed mixed as the flood of fourth quarter earnings start to come in. The Dow Jones Industrial Average fell 96 points or 0.25%. The S&P 500 rose 14 points while the Nasdaq rose 65 points. On the earnings front, 3M fell 11%, dragging the Dow with it following... Read More

January 22, 2024

The major averages rose once again, building on the previous session's historic move to record highs for the S&P 500. The Dow Jones Industrial Average finished up 138 points or 0.36%. The S&P 500 rose 10 points or 0.22% while the Nasdaq Composite rose 49 points or 0.32%. Tech is opening... Read More

January 22, 2024

The major averages rose once again, building on the previous session's historic move to record highs for the S&P 500. The Dow Jones Industrial Average finished up 138 points or 0.36%. The S&P 500 rose 10 points or 0.22% while the Nasdaq Composite rose 49 points or 0.32%. Tech is opening... Read More

January 19, 2024

The major averages finished on a higher note with the S&P 500 surpassing its old record high set in 2022. The Dow Jones Industrial Average finished up 395 points or 1.05%. The S&P 500 rose 58 points or 1.23% while the Nasdaq Composite climbed 255 points or 1.70% Investors have returned... Read More

January 18, 2024

The major averages rose into the close after opening mixed once again as interest rates crept higher and earnings reports did little to initially boost the markets. The Dow Jones Industrial Average rose 201 points or 0.54%. The S&P 500 rose 41 points or 0.88% while the Nasdaq rose 200... Read More

January 17, 2024

The major averages fell once again as yields inched higher and more earnings continue to come in. The Dow Jones Industrial Average dropped an initial 180 points, but closed down 94 points. The S&P 500 fell 26 points or 0.56% while the Nasdaq declined 88 points or 0.59%. Retail sales data... Read More

January 16, 2024

The major averages pulled back once again as interest rates ticked higher and more earnings keep coming in. The Dow Jones Industrial Average fell 231 points or 0.6%. The S&P 500 fell 17 points or 0.37% while the Nasdaq declined 28 points. The benchmark 10-year Treasury note yield rose 11basis points... Read More

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