Day Traders Diary

July 26, 2024

The major averages surged to end the week, capping off a turbulent five days on a plus note after investors weighed the fresh U.S. inflation data out this morning. The Dow Jones Industrial Average rose 654 points, or 1.6%, led to the upside in 3M. The S&P 500 rose 59... Read More

July 25, 2024

The major averages closed mixed after a disastrous Wednesday as earnings continue to flood in. The Dow Jones Industrial Average rose 138 points thanks in part to a 4% rally in IBM. The S&P 500 fell into the red in the last hour while the Nasdaq dropped over 100... Read More

July 24, 2024

The major averages are taking a hit following lackluster earnings from a number of big cap tech stocks. The Dow Jones Industrial Average is down 400 points or 1% with weakness in Visa and Microsoft. The S&P 500 is down 123 points or 2.2% while the Nasdaq is down 639... Read More

July 23, 2024

The major averages closed in the red after trading in the green for most of the day as a  flood of second quarter earnings come out. The Dow Jones Industrial Average fell 57 points on weakness in Disney and a number of other stocks. The S&P 500 fell 8 points... Read More

July 22, 2024

The major averages started off the week on a positive note with the S&P 500 notching its best day since June 5th led by a rebound in AI tech stocks including Nvidia. The Dow Jones Industrial Average rose 127 points led by Nike, Amgen and Salesforce.com. The S&P 500 rose... Read More

July 19, 2024

The major averages took a hit to end the week as market rotation out the big cap tech winners the first half of the year continues here in July. The Dow Jones Industrial Average finished down 377 points or 0.93%. The S&P 500 fell 39 points or 0.72% while the... Read More

July 18, 2024

The major averages are taking a hit all down over half a percent as more money comes out the tech sector. The Dow Jones Industrial Average is down around 500 points or 1.2% after rallying 1000 points the last two days. The S&P 500 fell over 30 points or 0.65%... Read More

July 17, 2024

The major averages closed mixed with more rotation out of the tech space this time due to concerns of further restrictions on tech trade with China. The Dow Jones Industrial Average rose 243 points led by UnitedHealth Group. The S&P 500 fell 78 points or 1.2% while the Nasdaq got... Read More

July 16, 2024

The major averages closed in the green led by the Dow Jones Industrial Average surging nearly 2% following a slew of earnings. The Dow jumped 742 points or 1.85% to new highs led by UnitedHealth Group, Dow, Caterpillar and Home Depot. The S&P 500 rose 35 points or 0.64% while... Read More

July 15, 2024

The major averages were strong today as the assassination attempt on former President Donald Trump raised his poll numbers and spurred hopes for more friendlier fiscal policies ahead. The Dow Jones Industrial Average rose 210 points, or 0.523% to a new high. The S&P 500 added 15 points or 0.26%... Read More

July 12, 2024

The major averages closed higher even as inflation data came in hotter than expected and second quarter earnings from the banks were disappointing. The Dow Jones Industrial average jumped 247 points or 0.62%. The S&P 500 rose  30 points or 0.55% while the Nasdaq jumped 115 points after getting clobbered... Read More

July 9, 2024

The majora averages closed mixed with the S&P 500 climbing to a fresh record Tuesday after Federal Reserve Chair Jerome Powell warned about the dangers of keeping interest rates high for too long. The Dow Jones Industrial Average fell 52 points, or 0.13% to 39,291 with weakness in McDonalds and... Read More

July 8, 2024

The major averages are quiet hovering around the unchanged level awaiting more economic data and earnings reports later this month. The Dow Jones Industrial Average is down 43 points after rising 200 points this morning. The S&P 500 is unchanged while the Nasdaq is up 28 points. The S&P 500 is... Read More

July 5, 2024

The major averages rallied into the close to finish out the holiday-shortened trading week higher for a fourth straight week following tame economic and inflation data. The Dow Jones Industrial Average closed up 67 points. The S&P 500 rose 30 points while the Nasdaq Composite rose 164 points. All three major... Read More

July 3, 2024

The major averages were quiet ahead of the Fourth of July holiday following weaker than expected economic data. The Dow Jones Industrial Average lost 23 points while the S&P 500 rose 28 points or 0.5% while the Nasdaq rose 159 points or 0.88%. The S&P 500 and Nasdaq closed at... Read More

July 2, 2024

The major averages rallied in the afternoon finishing in the green following comments from the Federal Reserve Chair Jerome Powell this morning noting progress on inflation but reiterated that the central bank was not quite ready to cut rates. The Dow Jones Industrial Average rose 162 points. The S&P 500... Read More

July 1, 2024

The major averages swung into the green to close higher to start the month of July and the second quarter with modest returns as investors await economic data at the end of the holiday week and second quarter earnings over the next several weeks. The Dow Jones Industrial Average rose... Read More

June 28, 2024

The major averages finished lower to end the month and the quarter even as the personal consumer expenditures price index data showed slowing inflation along with better-than-expected consumer sentiment figures. The Dow Jones Industrial Average, after initially rallying, fell into the red, falling 45 points led by weakness in Nike.... Read More

June 27, 2024

The major averages were higher, but quiet as second quarter earnings started last night with chipmaker, Micron. The Dow Jones Industrial Average is up just 36 points with strength in Saleforce.com and Amazon. The S&P 500 is up 5 points while the Nasdaq Composite rose 53 points. The Nasdaq was up... Read More

June 26, 2024

The major averages were quiet and mixed today as we head into the quarter end. The Dow Jones Industrial Average rose 15 points even as some components like Apple and Amazon surged. The S&P 500 rose 8 points while the Nasdaq rose 87 points or 0.49%.   The S&P 500 has... Read More

June 25, 2024

The major averages closed mixed once again, but this time money rotated back into tech led by Nvidia. The Dow Jones Industrial Average fell 299 points led by weakness in Boeing, Home Depot and Walmart. The S&P 500 rose 21 points or 0.3% while the Nasdaq was up 220 points... Read More

June 24, 2024

The major averages closed mixed once again as money continues to rotate in the underperforming sectors heading into the quarter end. The Dow Jones surged 260 points or 0.67% led by Dow members JPMorgan Chase, Goldman Sachs and Chevron all up over 1%. The S&P 500 fell 16 points while... Read More

June 21, 2024

The major averages closed mixed once again as sector rotation was the name of the game this week. The Dow Jones Industrial Average rose 15 points, posting its best week since May, up 1.5%. The S&P 500 fell 8 points and closed up 0.6% on the week. The Nasdaq fell... Read More

June 20, 2024

The major averages closed mixed as the ascent to new highs stalled today with money, rotating out of the popular tech sector going into the quarter end. The Dow Jones Industrial Average jumped over 250 points led by blue chips like McDonalds, J&J, IBM and Chevron. Tech stock, Salesforce... Read More

June 18, 2024

The major averages continued their climb to new record highs even in the face of weaker economic data.   This morning, we saw retail sales for May come in at just 0.1% growth below the 0.2% forecast by economists polled by Dow Jones. Sales rose 2.3% on a year-over-year basis. U.S. Treasury... Read More

June 14, 2024

The major averages closed mixed with the Nasdaq closing at a new record high following a cooling in consumer sentiment. The Dow Jones Industrial Average fell 57points. The S&P 500 rose 2 points while the Nasdaq Composite rose 21 points to a new high. The trend this week has been a... Read More

June 13, 2024

The major averages closed fixed with the Dow Jones lower, but the S&P 500 and Nasdaq higher as more money keeps funneling into the tech sector. The Dow Jones Industrial Average is down over 50 points due to weakness in Amazon, Salesforce, Boeing, Caterpillar and Intel. The S&P 500 is... Read More

June 12, 2024

The major averages closed mixed with the Dow down 35 points while the S&P 500 rose 45 points or 0.85% and the Nasdaq rose 264 points or 1.53% thanks to tame inflation data from May which caused bond yields to plummet ahead of the Federal Reserve's meeting this afternoon, The 10-year... Read More

June 11, 2024

The major averages closed mixed on Tuesday as investors look toward the central bank's next interest rate decision on Wednesday. The Dow Jones Industrial Average fell 120 points or 0.31%. The S&P 500 is up 14 points or 0.27% while the Nasdaq rose 151 points or 0.88%. Even most averages were... Read More

June 10, 2024

The major averages are quiet following the May jobs report on Friday and a Federal Reserve's meeting and more economic data this week. The Dow Jones Industrial Average is modestly lower down just 23 points. The S&P 500 is up 9 points while the Nasdaq Composite is up 65 points... Read More

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