Stocks extended declines on Monday and oil prices soared as investors nervously considered the potential for even higher inflation and greater global economic damage from Russia’s war in Ukraine and sanctions that have ensued. The S&P 500 closed down nearly 3% at 4,200.89, its worst day in more than a year, while the Dow fell […]
(From Yahoo finance)…The S&P 500 index fell 0.5% during the regular trading day as technology and growth stocks came under renewed pressure, and the Nasdaq Composite dropped nearly 1.6%. Treasury yields steadied after sliding earlier this week, and the benchmark 10-year yield hovered above 1.8%. A fresh set of economic data due for release Friday […]
Investor focus turned to Powell’s testimony before the House Financial Services Committee on Wednesday, during which the Fed chief said explicitly that he would back a quarter-point interest rate hike following the Fed’s March meeting later this month. Powell left open the possibility that the Fed would raise interest rates and tighten more aggressively later this […]
(From CNN)… March is looking a lot like January and February on Wall Street. That’s not good news for investors. The Dow fell nearly 600 points Tuesday, or 1.8%, one day after stocks capped off their second straight month of declines to start the year. The Dow managed to finish off its lows of the day though. The Nasdaq and S&P 500 were […]
The Industrial Revolution took place in the last century, and in this century it is being mirrored by the Technology Revolution, in the sense that jobs are changing, disappearing, or being automated. Artificial Intelligence (AI) can incorporate machine learning (ML) to analyze a job and “think” of the best or a better way to get […]
Yesterday, the US and its allies ramped up their sanctions against Russia when they announced that certain Russian banks would be shut off from SWIFT. That’s a global messaging system used by banks worldwide to conduct their business and issue payments. It’s a key system when it comes to a country’s ability to participate in […]
The market was initially spooked by Moscow’s invasion against neighboring Ukraine early Thursday morning local time, using land, air and naval forces. The S&P 500 was down as much as 2.6% during the session but closed up 1.5% higher despite the outbreak of violence. As we had been highlighting, if the S&P 500 tests the 4200 level […]
(From Yahoo Finance)…Stocks extended losses on Wednesday after a steep sell-off during Tuesday’s trading day, which pushed the S&P 500 and Dow to their lowest settlements so far of 2022. The S&P 500 wiped out early advances to trade sharply lower in afternoon trading. The blue-chip index had also closed lower by just over 1% […]
The S&P 500 on Tuesday fell into a correction for the first time in two years, joining the Nasdaq Composite, as Russia sent troops into pro-Russian regions in Ukraine. The S&P 500 index SPX, closed at 4,304.76, below the correction level at 4,316.91, which would represent a 10% drop from its Jan. 3 record close. […]
North American markets were closed today, but we wanted to give investors a heads up as we head into a new week of trading. As we have been highlighting the last couple of weeks, near-term support for the S&P 500 sits at 4300, then 4200 (green horizontal lines on chart). As Martin highlighted in his […]