Nasdaq Hits Worst Day Since April Amid Tech Stock Selloff
Category: Markets Total Views: 123By : Editor Updated: 06-24-2024
Nasdaq Composite Experiences Worst Day Since April
Closing down 1.09%, the Nasdaq Composite had its worst day since April. Investors' departure from favored technology stocks caused the fall. A big change in market mood was signaled by this selloff. Among the worst hit stocks were those in semiconductors and artificial intelligence. Nvidia fell by about 7% on top of the 4% drop from the previous week. Qualcomm lost 5% and Super Micro Devices fell 8.7%. More than 4% fell off Br... Read More
Stock Futures Steady as June Ends Near Record Highs
Category: Markets Total Views: 5By : Editor Updated: 06-23-2024
Market Overview as June Comes to a Close
Stock futures show a steady market as June draws to an end, mostly unchanged. With the market trading at or close to record highs, investors are getting ready for the final week of the month. Futures stability indicates traders are taking a cautious approach as they wait for more earnings reports and economic data. How well the market can sustain its upward trend will depend heavily on this week.
There have been notable increases ... Read More
Key Market Indicators and Earnings Reports This Week
Category: Markets Total Views: 2By : Editor Updated: 06-23-2024
Key Economic Indicators to Watch This Week
Investor attention is this week on important economic data that could indicate shifts in market trends. Importantly, the May Personal Consumption Expenditures (PCE) index will be released. Investors are keen to see if inflationary pressures are abating. Relative to the Fed's 2% target, the April PCE index increased 2.7% year over year. Third revisions of the first-quarter GDP will also be released; earlier revisions indicated a declin... Read More
Unprecedented Longest Market Stability Since Financial Crisis
Category: Markets Total Views: 5By : Editor Updated: 06-22-2024
Introduction to the Current Market Stability
Unprecedented stability is currently prevailing in the stock market. It has been 377 days since the S&P 500 experienced a sell-off of 2.0%. Since the financial crisis, this is the longest period without such a fall. While the market rises to record highs, investors are seeing very little volatility. Lack of notable declines points to a robust and robust market. Many credit strategic investments and economic conditions for this stabi... Read More
Signs of Overextended Market as Nvidia Pulls Back
Category: Markets Total Views: 5By : Editor Updated: 06-22-2024
S&P 500 Closes Lower on Friday
Friday's lower close of the S&P 500 marked the end of a week of erratic market action. The broad market index slightly dropped for investors, by 0.16%. With this fall, the S&P 500 closed at 5,464.62. Even with the little decline, earlier in the week, the index had hit an intraday high. This is indicative of the continuous volatility in the market. As they negotiate these changes, traders stay wary. The general attitude points to the n... Read More