Category Archives for Todd’s Market Update

January Lows in Focus

The stock market was down for the third-straight session on Tuesday as Wall Street continues to monitor ongoing tensions between Russia and Ukraine. Putin authorized the deployment of Russian troops into two breakaway pro-Moscow regions in eastern Ukraine while Biden imposed sanctions that target the Russia-backed separatist regions. As far as economic news, the consumer […]

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Bears Get Second-Straight Weekly Win

The stock market extended prior losses on Friday to close a second-straight week in negative territory as geopolitical tensions continued to weigh on sentiment. Fed speak was also in focus after Bank of New York President John Williams said rate hikes may not have to begin with as big a bang as some have suggested. […]

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Geopolitical Concerns Fuel Selloff

The stock market tried to rebound on Friday but moved sharply lower in afternoon action following increased concerns over Russia taking military action against Ukraine sooner rather than later. The U.S. National Security said there were signs of Russian escalation at the Ukraine border and that it was possible that an invasion could take place […]

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Dow Recovers 50-Day Moving Average

The stock market showed continued strength on Wednesday with Tech stocks leading the way following upbeat earnings reports and a pause in rising interest rates. Specifically, the benchmark 10-year U.S. Treasury yield slipped from multi-year highs reached in the previous session, helping sentiment. The Nasdaq finished on the session high of 14,490 (+2.1%). Key resistance […]

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Volatility Recovers 50-Day Moving Average

The stock market was up on Tuesday following another batch of corporate earnings that helped sentiment. Harley-Davidson (HD) was one of the biggest surprises after the company reported a profit for the fourth quarter versus expectations for a loss. Amgen (AMGN) and Chegg (CHGG) also posted solid gains following quarterly numbers. Meanwhile, the financial sector […]

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Mixed Action to Start the Week

The stock market was mixed on Monday following a choppy session as earnings and renewed Federal Reserve worries weighed on sentiment. The action comes ahead of this week’s Consumer Price Index (CPI) and will likely reveal another sky high print on inflation that could prompt the Fed to assert the more hawkish stance it has […]

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Bulls Bounce Back

The stock market regained some of its momentum on Friday as Amazon’s (AMZN) positive quarter highlighted a solid round of earnings. Snap (SNAP) and Pinterest (PINS) also reported better-than-expected numbers to help Tech recover much of its losses from the previous session. The blue-chips were slightly down but all four of the major indexes posted […]

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Bears Return as Tech Tumbles

The stock market had its four-session winning streak snapped on Thursday, with all four of the major indexes pulling back following Meta Platforms (FB) weak outlook. Shares plummeted 26% while wiping out more than $200 billion from its market value. Economic news was also a factor as initial claims for unemployment benefits dropped 23,000 to […]

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Blue-Chips Recover 50-Day Moving Average

The stock market was mostly higher on Thursday as better-than-expected earnings outweighed another disappointing jobs report. Alphabet (GOOG) led the ongoing strength in Tech after topping Wall Street’s estimates and announcing a 20-for-1 stock split. Meanwhile, ADP reported private-sector U.S. employers cut 31,000 jobs last month, representing the first decline since December 2020. The small-caps […]

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Wall Street Rises for the Third-Straight Session

The stock market showed continued strength on Tuesday despite disappointing updates on manufacturing and employment. Specifically, the Institute for Supply Management’s (ISM) fell to a 14-month low with a reading of 57.6 while job openings held above the 10 million level for the seventh-straight month. The Russell 2000 traded to a late day high of […]

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