Day Traders Diary

September 6, 2024

The major averages took it on the chin with the S&P 500 notching its worst week since March 2023, even as the August jobs report was not as dire as feared. The Dow Jones Industrial Average fell 410.34 points, or 1.01%. The S&P 500 fell 94 points or 1.7% while... Read More

September 5, 2024

The major averages closed mixed again with the weakness due to economic data and the pending monthly jobless claim report out tomorrow. The Dow Jones Industrial Average fell over 200 points after dropping more than 300 points earlier. The S&P 500 fell 20 points while the Nasdaq clung to modest... Read More

September 4, 2024

The major averages wobbled around the unchanged level after a sharp sell off to start September following weaker than expected economic data. The Dow Jones Industrial Average rose a modest 37 points or 0.09%. The S&P 500 fell 8 points while the Nasdaq fell 52 points or 0.3%. The major averages... Read More

September 3, 2024

The major averages sold off sharply to start the month of September due to weak economic data and fears of an economy slowing more than expected. The Dow Jones Industrial Average fell 626 points or 1.3% The S&P 500 fell 119 points or 2% while the Nasdaq Composite fell 577... Read More

August 30, 2024

The major averages ended on a high note with the Dow Jones Industrial Average posting a fresh record high ending the most volatile month so far in 2024.  The Dow jumped 228 points, or 0.55%, to close at 41,563. The S&P 500 rose 56 points or 1% while the tech-heavy... Read More

August 29, 2024

The major averages are mixed to end the day with the Dow Jones trading at all time highs even as tech titan, Nvidia trades lower following spectacular earnings, but tepid guidance. The Dow Jones Industrial Average rose over 300 points or nearly 1%. The S&P 500 is modestly higher by... Read More

August 28, 2024

The major averages took it on the chin as investors were in risk off mode ahead of AI chipmaker, Nvidia's earnings. The Dow Jones Industrial Average fell 159 points after falling over 400 points. The S&P 500 fell 33 points or 0.53% while the Nasdaq fell 198 points after falling... Read More

August 27, 2024

The major averages were quiet again today awaiting earnings from tech titan, Nvidia on Wednesday. The Dow Jones Industrial Average rose 9 points. The S&P 500 rose 8 points while the Nasdaq rose 29 points or 0.16%. Investors are awaiting earnings from top artificial intelligence beneficiary Nvidia after Wednesday's closing bell.... Read More

August 26, 2024

The major averages are mixed to start Monday with the Dow Jones pushing back toward record highs after the Fed signaled rate cuts last week. The Dow Jones Industrial Average is up 35 points after rising over 200 points earlier. The S&P 500 fell into the red down 20 points... Read More

August 26, 2024

The major averages closed mixed to start Monday with the Dow Jones making a record highs after the Fed signaled rate cuts coming soon. The Dow Jones Industrial Average rose 65 points after rising over 200 points earlier in the day. The S&P 500 fell 17 points while the Nasdaq... Read More

August 23, 2024

The major averages ended on a strong note following Federal Reserve Chair Jerome Powell indicated interest rate cuts will start in September with more on the horizon. The Dow Jones Industrial Average jumped 462 points, or 1.14%. The S&P 500 rose 63 points or 1.15% while the Nasdaq rose 258... Read More

August 22, 2024

The major averages reverse course after opening higher ahead of commentary from Federal Reserve Chair Jerome Powell tomorrow in Jackson Hole. The Dow Jones Industrial Average fell 200 points. The S&P 500 fell 50 points or nearly 1% while the Nasdaq fell 300 points or 1.7%. . The 10-year Treasury rose... Read More

August 21, 2024

The major averages closed higher following retail earnings reports and the Federal Reserve's minutes from their last meeting raising hopes of lower rates come September.The Dow Jones Industrial Average rose 55 points, or 0.014%. The S&P 500 rose 23 points while the Nasdaq Composite jumped 102 points or 0.57%.   The yield... Read More

August 20, 2024

The major averages were quiet and modestly lower after an eight day rally that followed a sharp correction to start August. The Dow Jones Industrial Average fell 61 points. The S&P 500 fell 11 points while the Nasdaq dropped 59 points. This week, investors are readying themselves for the Federal Reserve's... Read More

August 19, 2024

The major averages closed higher to start the week as the S&P 500 and Nasdaq rose for their 8th straight up session ahead of the Fed's Jackson Hole meetings at the end of the week. The Dow Jones Industrial Average rose 236 points, or 0.58%. The S&P 500 rose 54... Read More

August 16, 2024

The major averages were higher to end the week, rebounding from a rough two weeks following better than expected inflation data out the last five days. The Dow Jones Industrial Average rose 96 points, or 0.24%. The S&P 500 rose 11 points or 0.2% while the Nasdaq rose 37 points... Read More

August 14, 2024

The major averages are fixed following better than expected inflation data out this morning.The Dow Jones Industrial Average  is up 200 points or 0.5%. The S&P 500 is up 10 points or 0.19% while the Nasdaq fell into the red down 38 points. This morning, the consumer prices index rose 2.9%... Read More

August 13, 2024

The major averages surge higher driven by this week's first batch of key U.S. inflation data that came in tamer than expected. The Dow Jones Industrial Average rose 408 points or 1%. The S&P 500 rose 90 points or 1.6% while the Nasdaq Composite rose 407 points or 2.4%. The producer... Read More

August 12, 2024

The major averages are mixed, following one of the most volatile weeks for the year on an unwinding of a yen carry trade by hedge funds and other large money managers. The Dow Jones Industrial Average is down 200 points or 0.5%. The S&P 500 is unchanged while the Nasdaq... Read More

August 9, 2024

After a volatile week, the major averages recovered into the close following more quarterly earnings this morning. The Dow Jones Industrial Average rose 51 points or 013%. The S&P 500 rose 24 points or 0.47% while the Nasdaq rose 85 points or 0.51%. On... Read More

August 8, 2024

The major averages remain volatile with the Dow rebounding and surging over 600 points after opening lower following weak economic data. The Dow Jones Industrial Average rose over 600 points or 1.5%. The S&P 500 rose 100 points or 2% while the Nasdaq Composite is jumped over 400 points or... Read More

August 7, 2024

The major averages reversed course, closing on their lows as the recent correction does not look to be over. The Dow Jones Industrial Average fell 234 points, or 0.60%, to 38,763. The S&P 500 declined 40 points or 0.77% to end at 5,199 while the Nasdaq Composite fell 171 points... Read More

August 6, 2024

Turnaround Tuesday as the major averages recovering some losses from the previous three trading days as investors took a pause from recession fears and Japanese equities rallied. The Dow Jones Industrial Average rose 294 points, or 0.76%, to end at 38,997.  The S&P 500 rose 52 points or 1% while... Read More

August 5, 2024

  The major averages tumbled following a sharp sell off on Friday as worries of a recession following the latest economic numbers concerning investors. The Dow dropped 1,033 points, or 2.6%, to end at 38,703. The S&P 500 fell 160 points or 3% while the Nasdaq Composite lost 576 points or... Read More

August 2, 2024

The major averages tumbled today with the S&P 500 having its worst session in almost two years, on weaker-than-anticipated jobs report for July and weak earnings reports igniting worries about the economy and the markets. The Dow Jones Industrial Average fell 610 points, or almost 1.5%, after falling 989 points... Read More

August 1, 2024

The major averages took a hit today after opening higher this morning as more earnings keep coming in and the economic data continues to show a slowing economy. The Dow Jones Industrial Average fell 500 points, or 1.2%. The S&P 500 fell 75 points or 1.4% while the Nasdaq Composite... Read More

July 31, 2024

The major averages performed well thanks to better than expected earnings from some major tech names before the Federal Reserve meeting this afternoon. The Dow Jones Industrial Average rose 99 points or 0.24% The S&P 500 rose 85 points or 1.58% while the Nasdaq Composite jumped 451 points or 2.64%. span... Read More

July 30, 2024

The major averages closed mixed head of earnings from a number of megacap tech stocks.The Dow Jones Industrial Average climbed 203 points, or 0.5%, to 40,743. The S&P 500 l lost 27 points while the Nasdaq Composite fell 222 points or 1.28%. Nvidia pulled back by 7%, its lowest close since... Read More

July 29, 2024

The major averages are modestly higher to start the week as more corporate earnings come in from a number of big cap and large cap tech stocks. The Dow Jones Industrial Average gained 4 points, or 0.1%. The S&P 500 is up 18 points or 433% while the Nasdaq Composite... Read More

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

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