December 20, 2024
The major averages finally had a good day on cooler inflation data after the rate cut earlier in the week. The Dow Jones Industrial Average jumped 498 points or 1.18%. The S&P 500 rose 62 points or 1.095 while the Nasdaq rose 199 points or 1.03%.
All 11 sectors of the... Read More
December 19, 2024
The major averages closed mixed after another tough day particularly in the tech space. The Dow Jones Industrial Average rose just 15 points, snapping a 10 day losing streak. The S&P 500 fell 5 points while the Nasdaq declined 19 points.
The dog of the day goes to Micron down 16%... Read More
December 18, 2024
The major averages fell sharply as the Fed cut rates, but disappointed investors with only two possible rate cuts next year from the initial estimate of four. The Dow Jones Industrial Average fell over 1123 points or 2.5%. The S&P 500 fell 178 points or 2.95% while the Nasdaq dropped... Read More
December 17, 2024
The major averages pulled back with the Dow Jones Industrial Average falling for a ninth straight day, the longest losing streak since 1978 ahead of the Fed meeting tomorrow. The 30-stock average declined 267 points, or 0.61%. The S&P 500 fell 23 points or 0.39% while the Nasdaq declined 64... Read More
December 16, 2024
The major averages are mixed once again with the Dow down once again while tech and the Nasdaq continue to shine ahead of Fed decision on rates this week. The Dow fell 110 points or 0.25% for an eight day losing streak, its longest streak in six years. The S&P... Read More
December 13, 2024
The major averages closed mixed with the Dow Jones Industrial Average falling for a seventh straight session, the longest run of losses since 2020. The blue-chip index lost 86 points, closing at 43,828. The S&P 500 was unchanged at 6051 while the Nasdaq Composite actually rose 23 points to 19,926.
On... Read More
December 12, 2024
The major averages dropped once again following hotter-than-expected U.S. inflation report, as tech shares failed to keep the momentum seen earlier in the week. The Dow Jones Industrial Average fell 234 points, or 0.53%. The S&P 500 fell 32 points or 0.54% while the Nasdaq Composite fell 132 points back... Read More
December 11, 2024
The major averages closed mixed with the Nasdaq Composite snapping back nearly 2% above 20,000 for the first time following the November inflation report. The Dow Jones Industrial Average fell 99 points. The S&P 500 rose 49 points or 0.8% while the Nasdaq rose 347 points or 1.77%.
Alphabet/Google led the... Read More
December 10, 2024
The major averages sold off once again still awaiting new U.S. inflation data set for release this week. The Dow Jones Industrial Average fell 154 points or 0.4%. The S&P 500 fell 17 points or 0.3% while the Nasdaq Composite was down 49 points or 0.3%.
On the earnings front, tech... Read More
December 9, 2024
The major averages closed in the red as the Nasdaq Composite reserved course, pulling back from record highs to start the week. The Dow Jones Industrial Average fell 240 points or 0.54%. The S&P 500 fell 37 points or 0.6% while the Nasdaq dropped 123 points or 0.6%.
A number of... Read More
December 6, 2024
The major averages were mixed today following the November jobs data that came in slightly better than expected, but not so hot as to deter the Federal from cutting rates later this month. The Dow Jones Industrial Average fell 123 points to close at 44,642.
The broad market S&P 500 climbed... Read More
December 5, 2024
The major averages reversed course today falling into the red ahead of monthly unemployment numbers tomorrow and an earthquake in California. The Dow Jones Industrial Average fell 248 points, or 0.55%. The S&P 500 fell 11 points or 0.19% while the Nasdaq dropped 34 points or 0.18%.
Traders on Thursday looked... Read More
December 4, 2024
The major average jumped today to new highs led by tech once again after the Fed Chairman made comments at a submit today. The Dow Jones Industrial Average rose 308 points or 0.69% touching 45,000 for the first time . The S&P 500 rose 36 points or 0.6% while the... Read More
December 3, 2024
The major averages were mixed and quiet for a second straight day with the Dow slipping 76 points. The S&P 500 rose 2 points to a new high. The Nasdaq rose 76 points, leading the markets once again.
The 10-year Treasury rose 4 basis points to 4.23%, while the yield on... Read More
December 2, 2024
The major averages closed mixed to start December after November finished as the best month of the year. The Dow Jones Industrial Average fell 128 points or 0.3%. The blue-chip index rose 14 points while the Nasdaq rose 185 points.
Tech was a leader today led by the chip space. Intel... Read More
November 29, 2024
The major averages rallied this holiday abbreviated session as Black Holiday sales get snapped up. The Dow Jones Industrial Average rose 188 points or 0.42%. The S&P 500 rose 33 points or 0.56% while the Nasdaq rose 157 points or 0.83%.
The tech rally got going thanks to a Bloomberg report... Read More
November 27, 2024
The major averages drifted lower in the afternoon as lackluster earnings hit the tech sector the day before Thanksgiving. The Dow Jones Industrial Average fell 138 points after trading up over 100 points this morning. The S&P 500 fell 22 points while the Nasdaq declined 115 points on weak tech... Read More
November 26, 2024
The major averages closed higher looking past the threat of new tariffs from President-elect Donald Trump. The Dow Jones Industrial Average rose 123 points even as Amgen fell 4%. The S&P 500 rose 34 points or 0.56%. The Nasdaq rose 119 points or 0.63%.
Trump last night called for a... Read More
November 25, 2024
The major averages are higher to start the holiday week led by the Dow and the Russell 2000 as Wall Street seems to like President-elect Trump's choice for Treasury secretary, Scott Bessent who could help guide the economy without sparking inflation. The Dow Jones rose 440 points, or 0.99%. The... Read More
November 21, 2024
The major averages surged today following earnings from a number of tech stocks. The Dow Jones Industrial Average rose 461 points or 1% led by Goldman Sachs, industrials giant Caterpillar and retailer Home Depot. The S&P 500 rose 31 points or 0.53%. The Nasdaq rose just 6 points.
Nvidia had blow... Read More
November 20, 2024
The major averages closed lower following a slew of retail earnings, continued heightened tensions in Ukraine and the highly-anticipated earnings report from Nvidia. The Dow Jones Industrial Average rose 139 points after falling over 100 points on the open. The SP 500 rose 13 cents after spending most of the... Read More
November 19, 2024
The major averages closed mixed on rising tensions between Ukraine and Russia and earnings reports from a number of retailers. The Dow Jones Industrial Average fell 120 points even as Walmart performed well today. The S&P 500 rose 23 points while the Nasdaq rose 195 points thanks to Nvidia.
One bright... Read More
November 18, 2024
The major averages closed mixed to start the week as tech continues to shine led by Tesla and ahead of Nvidia's earnings this week. The Dow Jones Industrial Average fell 55 points, or 0.13%. The S&P 500 rose 23 points or 0.39% while the Nasdaq rose 111 points or 0.6%.
Tesla... Read More
November 15, 2024
The major averages pulled back to end the week as the postelection rally fizzled a little bit as investors look toward the path of interest rates. The Dow Jones Industrial Average lost 305 points, or 0.70%, to end at 43,444. The S&P 500 fell 78 points or 1.3% while the... Read More
November 14, 2024
The major averages pulled back on comments from Federal Reserve Chair Jerome Powell signaling that economic strength could warrant some patience with future rate cuts. The Dow Jones Industrial Average fell 207 points or 0.47%. The S&P 500 fell 36 points or 0.6% while the Nasdaq Composite fell 123 points... Read More
November 13, 2024
The major averages closed mixed with the Dow Jones rebounding after its first down day since the Presidential election. The Dow Jones Industrial Average rose 47 points led by Amazon, Chevron and Disney. The S&P 500 was up a point while the Nasdaq fell 50 points.
The averages and bonds are... Read More
November 12, 2024
The major averages had their first real down day since the Presidential election a week ago. The Dow Jones Industrial Average fell 382 points or 0.86%, but still up nearly 5% in the last week. The S&P 500 fell 17 points or 0.29% while the Nasdaq fell 17 points.
Key components... Read More
November 11, 2024
The major averages closed in the green on this Veteran's Day, continuing their rally from last week following the Presidential election. The 30 Dow Jones rose 304 points or 0.69% at another new all-time high led by the banks. The S&P 500 rose just 5 points while the Nasdaq Composite... Read More
November 8, 2024
The major averages finish out a strong week on a high note as the Dow hits 44,000 for the first time and the S&P 500 hits 6000 for the first time following the election win for Donald Trump. The Dow Jones Industrial Average closed up 259 points or 0.59%. The... Read More
November 7, 2024
The major averages were mixed after hitting record highs yesterday on a huge rally following Donald Trump's decisive victory in the presidential election. The Dow Jones Industrial Average was quiet, down 59 cents. The S&P 500 rose 44 points or 0.74% while the Nasdaq Composite jumped 285 points or 1.5%.... Read More
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