All posts by Todd Mitchell

Dow Plummets After Trump Shocks Wall Street with Bombshell Iran Threat

President Trump

DOW TRIMS LOSSES AFTER PAINFUL NOSEDIVEAll three major US stock market indices endured steep losses at the opening bell but pared them in the hours that followed. As of 3:33 pm ET, the Dow Jones Industrial Average had lost 101.05 points or 0.39%, reducing the index to 25,662.95. The S&P 500 slid 0.74% to 2,838.24, […]

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Jim Cramer: ‘Your portfolio should have as little exposure to China as possible’

china

Investors should be wary of claims that China will foot the bill for higher tariffs, CNBC’s Jim Cramer said. Rather, those costs will fall on American consumer, and investors should adjust their portfolios accordingly. “As long as President [Donald] Trump believes that the Chinese are the ones who pay the price, he’s going to keep taking […]

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Bears Take 2nd-Straight

U.S. markets struggled for a 2nd-straight session while making lower lows as stalled U.S./ China talks and related tariff escalation remained the focus. Increased scrutiny over Chinese telecom companies are at the forefront and are making it harder for U.S. companies to do business deals following the new restrictions.Near-term support held with more crucial levels […]

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Bears Snatch Weekly Win From Bulls

U.S. markets showed some strength shortly after a lower open on Friday following news the trade front with the EU, Mexico and Canada is easing with the U.S. set to remove steel and aluminum tariffs on Canada and Mexico. However, weakness returned late in the session following reports of stalling trade negotiations with China with […]

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Stocks fall following a sell-off in the final hour on news US-China trade talks have stalled

trade talks

Stocks closed lower on Friday after CNBC reported that trade talks between China and the U.S. have stalled. The Dow Jones Industrial Average ended the day down 98.68 points at 25,764 while the S&P 500 fell 0.6% to 2,859.53. The Nasdaq Composite was down 1% at 7,816.28. It was also the fourth straight weekly drop for […]

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What’s the main driver for the stock market: trade, earnings or the Fed?

Stock Market

U.S. stocks on Friday wrapped up a Byzantine journey into negative territory, a period that began with the worst day for stocks since January, yet featured sessions marked by uncanny intraday swings that helped equities to limit losses for the week. Last week’s performance is perhaps a taste of what’s ahead, analysts and investors told MarketWatch, […]

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Pinterest shares plunge 15% after reporting larger-than-expected loss

quarterly earnings

Pinterest plunged as much as 19% after releasing its first quarterly earnings report as a public company after the markets closed Thursday. Shares rebounded slightly, settling to a drop of about 15% after hours, which is set to shave about $2.5 billion from Pinterest’s market cap, bringing it to around $14 billion. Here are the numbers […]

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Nvidia tells the truth, and tempers a potential rally for chip stocks

computer chip

After months of confident predictions about a data-center bounceback, chip companies are starting to reflect uncertain reality.For months, chip companies have been telling investors that a rebound is right around the corner. As MarketWatch warned months ago, there was little evidence to back up those claims, and Nvidia Corp. admitted as much Thursday afternoon, throwing […]

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Nasdaq / S&P 500 Clears 50-Day MA’s

U.S. markets showed strength for the 3rd-straight session following upbeat economic news and strong company profits as the 1Q continues to wind down. The gains pushed all of the major moving averages back into positive territory for the week with volatility also settling below key levels of support.The Nasdaq jumped 1% following the intraday high […]

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Dow rises more than 100 points, erasing 190-point drop, as Trump delays auto tariffs

auto tariffs

Stocks rose on Wednesday on news that President Donald Trump plans to delay the implementation of auto tariffs. The Dow Jones Industrial Average closed up 115.97 points at 25,648.02 after falling as much as 190 points earlier in the session. The S&P 500 gained 0.6% to end the day at 2,850.96 while the Nasdaq Composite rose […]

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