Category Archives for Todd’s Market Update

Bulls Continue to Push Record Highs

The stock market showed continued strength on Thursday as encouraging economic news and better-than-expected earnings pushed the major indexes towards new all-time highs and prior resistance levels. Specifically, a much stronger than expected report on consumer spending and a sharp improvement in the number of new jobless claims fueled bullish sentiment. The Nasdaq tested a […]

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Blue-Chips Test Fresh All-Time High

The stock market closed mixed on Wednesday despite exceptional earnings from the Financial sector. Technology stocks weighed down the broader market while the small-caps showed the most strength. Fed speak was also back in focus although Chairman Powell provided little in the way of news for bond-market traders. The 10-year Treasury yield held its slight […]

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Vaccine News Weighs on Market Momentum

The stock market was mixed on Tuesday after U.S. federal health officials issued a pause in the rollout of Johnson & Johnson’s (JNJ) coronavirus vaccine following concerns over rare blood clots in some individuals who received the shot. Consumer price inflation was also a little hotter than expectations although the rise was less pronounced when […]

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Market Dips As Wall Street Awaits Earnings

The stock market slipped on Monday as Wall Street awaits the start of the first-quarter earnings season that begins midweek. The losses were kept in check following comments from Fed Chairman Powell who reiterated that the central bank will continue to support the recovery until the job is done. Powell also stressed that a rate […]

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Bulls Get Weekly Win Although Small-Caps Slack

The stock market closed mostly higher on Friday despite a choppy open with the major indexes closing out a solid week of gains. Tech recovered earlier losses to trade in positive territory while the small-caps danced in the red for most of the session before edging slightly higher into the closing bell.   The strong […]

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Record Highs Back in Focus

The stock market regained momentum on Thursday with all of the major indexes closing higher and the broader market flirting with recent records. Much of the rally was attributed to Fed Chairman Powell after he said once again that the central bank has the tools to handle any temporary inflation pressures.   The Nasdaq traded […]

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Fed Minutes Not Much Impact

The stock market traded in a narrow range ahead of and after the latest meeting minutes from the Federal Reserve before closing mixed on Wednesday. The Fed noted the economy was far from achieving their broad-based goal of maximum employment, suggesting a sharper and more sustained rebound would be needed before policymakers begin to think […]

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Bulls Take a Breather

The stock market traded in a tighter range on Tuesday before ending slightly lower as Wall Street took a breather following Monday’s record-setting rally. The blue-chips and small-caps showed the most weakness despite a strong JOLTS report with job openings climbing 268,000 to 7,370,000 in February.   While this underscored the increasingly good news on the […]

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Dow and S&P 500 Touch Another Round of Record Highs

The stock market had a strong showing on Monday following a blowout employment report on Friday, which revealed the economy added a stunning 916,000 jobs last month with the unemployment rate falling to 6%. Better-than-expected economic news also fueled bullish sentiment and comes ahead of a busy week for Fed speak.   The Nasdaq tested an […]

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S&P 500 Clears 4,000 level

S&P

The stock market showed continued momentum on Thursday as the major indexes started off April with solid gains. Better-than-expected economic news and fresh details of President Biden’s $2.3 trillion infrastructure plan fueled bullish sentiment. Technology led the surge higher with the Nasdaq clearing and holding a key level of resistance while the S&P 500 set […]

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