June 5, 2023
The major averages are little changed on Monday as traders digested a broad-based rally that pushed the S&P 500 to its best week since March and its highest level since August. The Dow Jones Industrial Average dropped 30 points, or 0.04%. The S&P 500 is up 4 points while the... Read More
June 2, 2023
The major averages rose sharply with the Dow having one its best days of the year following the May jobs report that showed some slowing in the inflation data. The Dow Jones Industrial Average jumped 701 points or 2.12%. The S&P 500 rose 61 points while the Nasdaq Composite advanced... Read More
June 1, 2023
The major averages jumped to the upside to start the month of June after the U.S. House passed a debt ceiling bill in a crucial step to avoid a U.S. default. The Dow Jones Industrial Average rose 153 points or 0.47% while the S&P 500 rose 41 points or 1%... Read More
May 31, 2023
The major averages closed lower on the day even as Congress moved closer to passing the federal debt ceiling bill. The Dow Jones Industrial Average fell 134 or 0.41%, to end at 32,908. The S&P 500 dropped 25 points or 0.61% to close at 4,179 while the Nasdaq Composite declined... Read More
May 30, 2023
The major averages closed mixed once again as Congressional leaders get a tentative deal on raising the U.S. debt ceiling while the AI tech stocks continue to shine. The Dow Jones Industrial Average fell 50 points or 0.15%. The S&P 500 rose 7 pennies while the Nasdaq Composite added 41... Read More
May 25, 2023
The major averages are mixed, but improving led by the techs and Nvidia. The Dow Jones Industrial Average rallied into the green after being down over 100 points on the open. The S&P 500 is up 45 points or 1% while the Nasdaq Composite jumped 240 points or nearly 2%.
This... Read More
May 24, 2023
The major averages drifted lower with the Dow falling for a fourth straight day as lawmakers struggled to reach a deal on the country's debt ceiling, causing more worries of a potential default. The Dow dropped 255.59 points, or 0.77%, at 32,799. The S&P 500 lost 30 points or 0.73%... Read More
May 23, 2023
The major averages pulled back once again as ongoing debt ceiling discussions appeared to yield little progress. The Dow Jones Industrial Average finished near the lows down 231 points, or 0.69% at 33,055. The S&P 500 closed down 47 points or 1.12%. The Nasdaq Composite fell 160 points or 1.26%... Read More
May 22, 2023
The major averages closed mixed to start the week as Wall Street awaits a debt ceiling deal to avert a default. The Dow Jones Industrial Average fell 14 points. The S&P 500 closed up 55 cents while the Nasdaq Composite rose 62 points.
President Joe Biden and House Speaker Kevin... Read More
May 19, 2023
The major averages reversed course, pulling back in the afternoon after the GOP negotiators halted ongoing debt ceiling negotiations, stoking doubt of a deal being reached soon. The Dow Jones Industrial Average fell 109 points or 0.33%. The S&P 500 fell 6 points while the Nasdaq declined 30 points.
Those... Read More
May 18, 2023
The major averages are higher once again after opening mixed this morning. The Dow Jones Industrial Average rose over 100 points or 0.4%. The S&P 500 is up 40 points or 1% while the Nasdaq Composite is jumping 185 points or 1.5% . Advancers at the New York Stock Exchange... Read More
May 17, 2023
The major averages surged today in part to hopes that congressional leaders and President Joe Biden could come to a deal on the U.S. debt ceiling and avoid a catastrophic default. The Dow Jones Industrial Average rose 408 points or 1.24%, to 33,420.77. The S&P 500 gained 48 points or... Read More
May 16, 2023
The major averages took a hit as investors digested a lackluster forecast from Home Depot while also keeping an eye on the debt ceiling. The Dow Jones Industrial Average closed below its 50-day average for the first time since March 30. The 30-stock index dropped 336 points, or 1.01%, to... Read More
May 15, 2023
The major averages quietly moved higher as traders assessed the ongoing debt ceiling negotiations that are about to commence once again. The Dow Jones Industrial Average gained 22 points. The tech-heavy Nasdaq Composite outperformed, rising 80 points or 0.55%. The S&P 500 rose 12 points or 0.3%.
Treasury Secretary Janet Yellen... Read More
May 12, 2023
The major averages finished in the red on concerns around the U.S. economy and regional banks dampened investor sentiment. The Dow Jones Industrial Average dropped 8.89 points lower, or 0.03%, to close at 33,300.62. The Nasdaq Composite fell 6 points, ending the day at 12,284. The S&P 500 declined 6... Read More
May 11, 2023
The major averages are mixed once again with the Dow dropping over 200 points while the tech sector and big cap tech remains resilient. The Dow Jones Industrial Average fell 267 points or 0.8%. The S&P 500 fell 11points while the Nasdaq inched up 14 points.
Disney shares fell more than... Read More
May 10, 2023
The major averages closed mixed as Nasdaq Composite moved higher while tamer-than-feared inflation data helped lift the averages initially on the open. The Dow Jones Industrial Average fell 30 points while the S&P 500 rose 18 points. The Nasdaq gained 126 points or 1.2%.
April consumer prices increased 4.9% from a... Read More
May 9, 2023
The major averages finished in the red as investors readied for key inflation reports due later in the week and progress on the U.S. debt limit. The S&P 500 pulled back by 0.46% to 4,119.17, and the Nasdaq Composite dropped 0.6% to 12,179.55. The Dow Jones Industrial Average traded flat... Read More
May 8, 2023
The major averages closed mixed ahead of key inflation data and more earnings. The Dow Jones Industrial Average fell 55 points. The S&P 500 rose a point while the Nasdaq rose 21 points.
Traders are awaiting key data that will inform the Federal Reserve's forward path: April's CPI report is... Read More
May 5, 2023
The major averages surged to end the week as regional bank shares climbed off their lows and market-darling Apple reported better-than-expected quarterly earnings. The Dow Jones Industrial Average closed up 546 points, or 1.6%. The S&P 500 climbed 75 points or 1.9% while the Nasdaq Composite advanced 269 points or... Read More
May 4, 2023
The major averages fell once again as contagion fears in the regional bank space were reignited after the Federal Reserve's 25 basis point rate hike and commentary from the Chairman. The Dow Jones Industrial Average fell 286 points, or 0.86%. The S&P 500 slid 0.72% while the Nasdaq Composite shed... Read More
May 3, 2023
The major averages pulled back again after the Federal Reserve raised rates by 25 basis points, as was widely expected, and remained hawkish about slowing inflation and the economy. The Dow Jones Industrial Average closed lower by 270 points, or 0.8%. The S&P 500 fell 28 points or 0.7% while... Read More
May 2, 2023
The major averages took a hit as the regional bank index dropped 6% ahead of the Federal Reserve's meeting tomorrow to raise interest rates once again. The Dow Jones Industrial Average fell 367 points, or 1.1%. The S&P 500 also slid 48 points or 1.1% while the Nasdaq Composite dropped... Read More
May 1, 2023
The major averages drifted lower this afternoon following a strong end to April last week. The Dow Jones Industrial Average fell 46 points. The S&P 500 closed down just one point at 4167 while the Nasdaq Composite fell 13 points or 0.11%, ending at 12,212.
The day started on an ominous... Read More
April 28, 2023
The major averages rose to end the week finishing out April on a high note, notching its best month since January. The blue-chip index closed 272 points, or 0.8%, higher at 34,098.16. The S&P 500 added 0.83% to finish at 4,169.48. The Nasdaq Composite advanced 0.69% to end at 12,226.58... Read More
April 27, 2023
The major averages surged with the Dow and S&P 500 having their best day since January thanks to strong results from Meta Platforms. The Dow Jones Industrial Average advanced 524 points, or 1.57%, to close at 33,826. The... Read More
April 26, 2023
The major averages closed mixed in better than expected earnings from tech stocks like Microsoft coupled with disappointing results from regional banks like First Republic Bank. The Dow Jones Industrial Average fell 228 points after rising over 200 points this morning. The S&P 500 fell 14 points while the Nasdaq... Read More
April 25, 2023
The major averages tumbled today following more earnings including regional bank, First Republic Bank that continues to struggle. The Dow Jones Industrial Average fell 344 points, or 1.02%, to end at 33,530. The S&P 500 finished down 65 points or 1.58% while the Nasdaq Composite dropped 238 points or 1.98%... Read More
April 24, 2023
The major averages closed mixed as the earnings keep rolling in including the big technology companies along with fresh economic data later in the week. The tech-heavy index slid 35 points or 0.29% to close at 12,037. The Dow Jones Industrial Average rose 66 points or 0.2% while the S&P... Read More
April 21, 2023
The major averages finished in the green but wasn't enough for the Dow Jones, snapping a four week winning streak following a flood of earnings. The Dow Industrial Average finished up 22 points or 0.07%. The S&P 500 closed up 3 points to settle at 4,133. The Nasdaq Composite rose... Read More
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