Category Archives for General

Nasdaq Recovers 50-Day Moving Average

The stock market was in rally mood from the start of Wednesday’s open and into the Fed’s latest meeting minutes that came later in the afternoon. The Fed signaled it would reduce its monthly bond purchases “soon” while adding interest rate increases may follow more quickly than expected. Half of the 18 central bank policymakers […]

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Bulls Rebound but Volatility Remains Elevated

The stock market was choppy throughout Tuesday following a strong open and a morning fade afterwards as Wall Street turned its attention to the start of the Federal Reserve’s latest two-day monetary policy-setting meeting. The meeting minutes (on Wednesday) are expected to show the Fed is nearing the timing of its plan to begin tapering […]

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Bears Crack Key Technical Support Levels

The stock market took a beating on Monday as Wall Street fretted over the potential ripple effects and the default of a major Chinese real estate company, as well as ongoing debates concerning the U.S. debt limit. All the the major S&P sectors declined with Energy and Financials sinking 3.1% and 2.3%, respectively. The Russell […]

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Bears Remain in Driver’s Seat as Volatility Clears 20 Again

The stock market showed overall weakness on Friday as quadruple-digit witching and September options expired with slightly disappointing economic news also weighing on sentiment. Specifically, the consumer sentiment reading checked in at 71 in the preliminary September print and a little shy of estimates. The broader market joined the blue-chips in closing below its 50-day […]

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Market Regains Positive Territory for the Week

labor market

Wall Street rebounded on Wednesday despite a choppy open as mildly positive factory data fueled sentiment. Specifically, industrial production increased 0.4% in August, slightly beating estimates. Additionally, capacity utilization rose to 76.4% from 76.2% while manufacturing edged up 0.2%.   The gains helped push the major indexes back into positive territory for the week. Meanwhile, […]

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Bears Regain Momentum

Value Stocks

Wall Street rebounded on Wednesday despite a choppy open as mildly positive factory data fueled sentiment. Specifically, industrial production increased 0.4% in August, slightly beating estimates. Additionally, capacity utilization rose to 76.4% from 76.2% while manufacturing edged up 0.2%.The gains helped push the major indexes back into positive territory for the week. Meanwhile, volatility settled […]

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Volatility Falls Back Below 20

U.S. markets

The stock market rebounded on Monday, with the broader market, the small-caps, and the blue-chips rising to end five-session losing streaks while Tech lagged after falling for the fourth-straight outing. Bullishness on the likely passage of a $3.5 trillion budget package helped sentiment, despite an expected proposal to raise the corporate tax rate to 26.5% […]

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Fed’s Comments Keep Bears in Control

The stock market showed continued weakness on Wednesday with the majority of the major indexes falling for the third-straight session. The Fed’s Beige Book helped fuel bearish sentiment following comments that the U.S. economy slowed in August as concerns grew over how the renewed surge of coronavirus cases would affect the economic recovery. The Russell […]

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Market Mixed as Volatility Rises

The stock market was mostly lower to start the shortened week as Wall Street monitors the end of pandemic-era jobless benefits and its impact on the labor market. Tech outperformed but was choppy throughout the session after trading on both sides of the ledger. Industrials and Utilities were the weakest sectors after falling 1.7% and […]

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Jobless Claims Fuel Ongoing Momentum

The stock market set another round of record highs on Thursday following better-than-expected jobs data and a boost in energy stocks. Specifically, initial claims for state unemployment benefits dropped 14,000 to 340,000, the lowest level since mid-March 2020. Meanwhile, the energy sector jumped over 2% while reversing most of the losses suffered during the previous […]

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