Day Traders Diary

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

June 7, 2024

  The major averages pulled back into the close after the S&P 500 rose to a fresh intraday record high even though the May jobs report out this morning came in stronger-than-expected, dampening hopes of a rate cut any time soon. The Dow Jones Industrial Average fell 87 points or 0.22%. The... Read More

June 6, 2024

The major averages closed mixed once again with the Dow Jones rising 78 points thanks to strength in Amazon, Boeing and Apple. The S&P 500 declined a point while the Nasdaq fell 14 points. A quiet day as we await economic data tomorrow, but on the earning front we saw retailer,... Read More

June 5, 2024

The major averages rose together led by economic data and tech stocks like Nvidia once again. The Dow Jones rose 96 points or 0.25% even with weakness in Cisco, J&J and UnitedHealth Group. The S&P 500 rose 62... Read More

June 4, 2024

The major averages finally rallied together after an uneven start to the month of June. The Dow Jones Industrial Average rose 140 points or 0.36%. The S&P 500 rose 7 points while the Nasdaq rose 28 points.   A quiet day on the news front. Dow gains were kept in check... Read More

June 3, 2024

The major averages closed mixed to start the month of June as investors await more economic data out at the end of the week. The Dow Jones Industrial Average fell 115 points due to weakness in Dow, 3M, Caterpillar and American Express. The S&P 500 rose 5 points while the... Read More

May 31, 2024

The major averages closed mixed, but well off the lows with the Dow rising over 500  points and the Nasdaq the only major average in the red with profit taking in the tech space even as the Federal Reserve's preferred inflation measure came in better than expected. The Dow Jones... Read More

May 30, 2024

The major averages fell today due to weak earnings from Dow component, Salesforce and nervousness ahead of inflation data out tomorrow. The Dow Jones Industrial Average fell 330 points or 0.8%. The S&P 500 fell 31 points while the Nasdaq declined 183 points. Salesforce was the big loser down 20%, its... Read More

May 28, 2024

The major averages closed mixed with the Nasdaq Composite climbing to new highs above 17,000 for the first time thanks to Nvidia up 6% lifting the chip and tech sector. The Dow Jones Industrial Average slipped 216 points or 0.55%.  The S&P 500 inched up a point while the Nasdaq... Read More

May 23, 2024

The major averages opened mixed, but fell into the red as even strong earnings from AI chipmaker, Nvidia were not enough today. The Dow Jones Industrial Average fell 605 points or 1.5% led by weakness in Boeing, Home Depot, Intel, Apple and 3M. The S&P 500 fell 39 points while... Read More

May 21, 2024

The major averages rose once again with the S&P 500 and Nasdaq closing at new record highs. The Dow Jones Industrial Average rose 66 points led by a rebound in JP Morgan Chase, Goldman Sachs and IBM. The S&P 500 rose 13 points while the Nasdaq rose 37 points. Most... Read More

May 20, 2024

The major averages closed mixed with the Nasdaq closing at a record high and the Dow Jones Industrial Average closing above the key 40,000 level for the first-time last week.  The Dow Jones fell 196 points or 0.49% led by weakness in JP Morgan. The S&P 500 is up 4... Read More

May 17, 2024

The major averages closed mixed with the Dow Jones Industrial Average closing above the key 40,000 level for the first time in history, a day after hitting that benchmark the day before. The 30-stock average rose 134 points, or 0.34%, to 40,003. The S&P 500 rose 6 points or 0.12%,... Read More

May 16, 2024

The major averages are closing where they started after a surge in the averages on Wednesday with the S&P 500 closing at a record high above 5300. The Dow Jones Industrial Average is modestly higher by 10 points. The S&P 500 is down 6 points while the Nasdaq is down... Read More

May 15, 2024

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

May 14, 2024

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

May 13, 2024

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

May 10, 2024

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

May 9, 2024

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

May 8, 2024

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

May 7, 2024

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

All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.