September 22, 2023
The major averages opened higher but slid into the red once again ending another down week led by hawkish comments from the Federal Reserve regarding interest rates. The Dow Jones Industrial Average opened higher, but then finished down 106 points led by weakness in Boeing, American Express and Intel. The broader... Read More
September 21, 2023
The major averages fell once again, deepening the losses for the week, as Treasury yields climbed to multiyear highs amid the Federal Reserve's plan to keep interest rates at higher levels for longer.The Dow Jones Industrial Average dropped fell 370 points or 1%. The S&P 500 fell 72 points or... Read More
September 20, 2023
The major averages sold off this afternoon after a hawkish Federal Reserve said it would leave interest rates unchanged but indicated another hike could be on the horizon. The Dow Jones Industrial Average lost 76 points, or 0.22%, to 34,440. The S&P 500 dropped 41 points or 0.94% to 4,402.... Read More
September 19, 2023
The major averages sold off sharply only to recover into the close as we head into the Federal Reserve policy meeting tomorrow. The Dow Jones Industrial Average lost 106 points after falling over 300 points. The S&P 500 declined 9 points while the Nasdaq Composite fell 32 points.
The central bank's... Read More
September 18, 2023
The major averages closed virtually unchanged after down day on Friday and a down week. The Dow Jones Industrial Average rose 3 points. The S&P 500 rose 3 points while the Nasdaq rose a point.
Not much news to move the markets ahead of the Federal Reserve's next policy decision... Read More
September 15, 2023
The major averages took a hit as investors wrapped up a volatile week with hotter than expected inflation data ahead of the Federal Reserve's policy meeting on Wednesday. The Dow Jones Industrial Average slid 288 points, or by 0.83%, to 34,614, wiping out Thursday's 332-point rally. The S&P 500 fell... Read More
September 14, 2023
The major averages are higher led by the Dow Jones Industrials for the first day in three after August retail sales came in better than expected and an inflation reading was better than feared.
The Dow Jones Industrial Average jumped over 300 points or 1%. The S&P 500 rose 35 points... Read More
September 13, 2023
The major averages were mixed on a quiet day following hotter-than-expected August core inflation data. The Dow Jones is down 70 points or 0.18%. The S&P 500 rose 5 points while the Nasdaq rose 39 points or 0.35%. 3M is the biggest laggard in the 30-stock Dow. Shares dropped more than... Read More
September 12, 2023
The major averages came under pressure today following tech earnings and rising oil prices. The Dow Jones Industrial Average fell 17 points. The S&P 500 declined 25 points while the Nasdaq declined 144 points or 1%.
On the earnings front, Oracle slid 13% after posting revenue and revenue guidance that were... Read More
September 11, 2023
The major averages rose on Patriot Day ahead of a big week for inflation data. The Dow Jones Industrial Average rose by 87 points or 0.26%. The S&P 500 rose 29 points or 0.67% while the Nasdaq jumped 156 points or 1%.
Bullish sentiment today was helped by a Wall Street... Read More
September 8, 2023
The major averages rebounded into the green by the close but finished the week lower on renewed concerns about the Federal Reserve, the economy and rising oil prices. The Dow Jones Industrial Average rose 75 points or 0.22%. The S&P 500 rose 6 points while the Nasdaq rose 12 points.... Read More
September 7, 2023
The major averages are mixed heading into the close with tech stocks showing weakness while Wall Street is concerned over the Federal Reserve's interest rate policy and further rate hikes.
The Dow Jones Industrial Average is trading up 85 points. The S&P 50 is down 10 points while the Nasdaq is... Read More
September 6, 2023
The major averages closed lower once again continuing the sluggish start to the new month. The Dow Jones Industrial Average fell 198 points or 0.57%. The S&P 500 fell 31 points or 0.7% while the Nasdaq Composite is down 148 points or 1%.
Tech and bonds weighed on the markets. Treasury... Read More
September 5, 2023
The major averages open modestly lower after drifting lower through the day on this holiday-shortened week as September trading kicked into high gear with the price of oil rising nearly $2 or 2%. The Dow Jones Industrial Average fell 195 points or 0.5%. The S&P 500 fell 18 points while... Read More
September 1, 2023
The major averages closed mixed to start the new month following economic data that showed U.S. unemployment rose to its highest level in a year. The Dow Jones Industrial Average rose 115 points or 0.33%. The S&P 500 rose 8 points while the Nasdaq fell 3 points.
The latest U.S. nonfarm... Read More
August 31, 2023
The rally today fizzled as the major averages gravitate back to the unchanged level after four straight days of gains as Wall Street is set to wrap up a down month of August. The Dow slipped over 100 points or 0.34%. The S&P 500 is unchanged while the Nasdaq Composite... Read More
August 30, 2023
The major averages closed higher, building on a three-day winning streak to end the month. The Dow Jones Industrial Average rose 37 points. The S&P 500 rose 17 points while the Nasdaq rose 75 points or 0.54%.
The rally was led by tech once again as chipmaker Nvidia rose nearly 1%.... Read More
August 29, 2023
The major averages rose once again rallying into the month end as August comes to a close. The Dow Jones Industrial Average rose 292 points or 0.82%. The S&P 500 rose 64 points while the Nasdaq climbed 238 points. Money flowed back into tech as chipmaker Nvidia rose more than... Read More
August 28, 2023
The major averages closed higher to start the week kicking off the final trading week of August, boosted by gains in tech following a nice turnaround on Friday. The Dow Jones Industrial Average jumped 213 points or 0.62%. The S&P 500 rose 27 points or 0.63% while the Nasdaq rose... Read More
August 25, 2023
The major averages closed higher after a second major reversal in as many days following comments from the Fed Chairman in Jackson Hole, Wyoming. The Dow Jones Industrial Averages rose 90 points shortly after the open, dropped into the red only to rebound and close up 247 points or 0.73%.... Read More
August 24, 2023
The major averages have a major reversal following blow out earnings from Nvidia last night. The Dow Jones Industrial Average rose over 100 points this morning, but finished down over 300 points or 0.95%. The S&P 500 fell over 50 points or 1% while the Nasdaq fell over 200 points... Read More
August 23, 2023
The major averages rose led by the tech sector ahead of the quarterly results for chip giant Nvidia. The Dow Jones Industrial Average rose 184 points or 0.54%. The S&P 500 rose 48 points or 1.1% while the Nasdaq Composite rose 215 points or 1.59%.
Nvidia rose 3% during regular trading... Read More
August 22, 2023
The major averages opened higher, but the rally fizzled due to weakness in the banks and retail space. The Dow Jones Industrial Average opened modestly higher, but closed down 174 points or 0.5% led by weakness in the retail and healthcare space. The S&P 500 fell 12 points while the... Read More
August 21, 2023
The major averages closed mixed with the Nasdaq Composite snapping a four day losing streak even as Treasury yields reach levels not seen since 2007. The Dow Jones Industrial Average lost 36 points led by declines in J&J. The S&P 500 rose 40 points or 0.69% while the Nasdaq Composite... Read More
August 18, 2023
The major averages closed mixed after opening sharply lower, building on the monthly losses, as Wall Street's August struggles continue. The Dow Jones Industrial Average rose 25 points after falling as much as 200 points on the open. The S&P 500 declined just 65 cents while the Nasdaq fell 26... Read More
August 17, 2023
The major averages fell for a third straight session as interest rates move higher once again. The Dow Jones Industrial Averaged dropped 290 points or 0.84%. Today was the first time the 30-stock Dow closed below the 50-day moving average since June 1, a potential warning sign of a downtrend.... Read More
August 16, 2023
The major averages drifted lower finishing in the red after the Federal Reserve's July meeting notes showed the potential for higher rates and more rate hikes. The Dow Jones Industrial Average traded down 180 points, or 0.52%. The broader market S&P 500 index dropped 33 points or 0.76% while the... Read More
August 15, 2023
The major averages closed sharply lower following weak global economic data, earnings and cautious comments from Fitch about possible downgrades for the major banks. The Dow Jones Industrial Average dropped 361 points or 1%. The S&P 500 fell 51 points or 1.1% while the Nasdaq declined 157 points or 1.14%.... Read More
August 14, 2023
The major averages close quiet, but in the green as Wall Street looks to shake off a rough start to August.The Dow Jones Industrial Average rose 26 points or 0.08%. The S&P 500 rose 25 points or 0.58% while the Nasdaq rose 143 points or 1.05% even as Telsa fell... Read More
August 8, 2023
The major averages retreat once again here in August reignited by a downgrade of the banking sector by credit rating agency Moody's. The Dow Jones Industrial Average fell 158 points or 0.45% led by a decline in Goldman Sachs. The S&P 500 fell 19 points while the Nasdaq Composite declined... Read More
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