Tag: Dow

S&P 500 Weekly Update: Dow Transports And Small Caps Lead This Leg Of The Rally

“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side.”Jesse Livermore

Anyone who follows the equity market realizes that they are faced with what I described last week as a foggy outlook in the near term. When that occurs, I try not to get swayed and then sidetracked into forgetting the long-term trends that are in place.

An investor has to be reactionary waiting for the market to give them clues, then reacting appropriately. I take my leads from price action, momentum, sentiment, and other indicators. All designed for me to decipher what the market is telling me. Never drifting too far from the one key that serves as the foundation of my current strategy. That is staying focused on the major trend that is in place, and that remains without question in favor

Read More

Dow closes 160 points higher, posts best week since August as investors monitor stimulus talks

Stocks rose on Friday to end their best week in months as President Donald Trump signaled support for a bigger coronavirus aid package. 

The Dow Jones Industrial Average closed 161.39 points higher, or 0.6%, at 28,586.90. The S&P 500 gained climbed 0.9% to 3,477.13. The Nasdaq Composite advanced 1.4% to close at 11,579.94.

Microsoft and Salesforce led the Dow higher, rising 2.5% and 2.2%, respectively. Consumer discretionary and tech were the best-performing S&P 500 sectors, advancing more than 1% each. 

For the week, the Dow jumped 3.3% and posted its biggest one-week gain since August. The S&P 500 and Nasdaq were up 3.8% and 4.6%, respectively, for the week. Both benchmarks had their best weekly performance since early July. 

Trump tweeted on Friday that “Covid Relief Negotiations are moving along. Go Big!”

CNBC’s Ylan Mui reported the administration has raised its offer for a new aid package to $1.8 trillion

Read More

Stimulus progress turns Dow positive for 2020, S&P, Nasdaq win best week since July

Stocks rose for a third straight session as investors wrapped the best weekly performance since the summer.


Progress on stimulus talks was reinforced after President Trump “approved” a revised package to help the struggling U.S. economy.


Director of the United States National Economic Council Larry Kudlow told FOX Business that he met with Mnuchin and White House Chief of Staff Mark Meadows and the new package would be “relatively broad-based.”

The S&P 500 rose 0.88%, its best week since July, as consumer discretionary, staples and large-cap tech led the gains.

Ticker Security Last Change Change %
SP500 S&P
Read More

Dow Jones Posts Small Gain as Boeing Predicts Tough Decade Ahead, Walmart Launches Insurance Business

The stock market was volatile on Tuesday after posting solid gains to start the week. The Dow Jones Industrial Average (DJINDICES: ^DJI) was up 0.37% at 1:10 p.m. EDT today, outperforming the other major indexes.

One thing keeping the stock market in check could be comments from Federal Reserve chairman Jerome Powell, who warned on Tuesday that too little government aid would lead to a weak economic recovery. Congress has yet to agree on additional stimulus measures, and an agreement does not appear close.

Shares of Boeing (NYSE: BA) were moving in the wrong direction on Tuesday after the airplane manufacturer predicted a difficult decade ahead. Meanwhile, the stock of Walmart (NYSE: WMT) was little changed after the retailer announced an insurance brokerage business.

An airplane.

Image source: Getty Images.

Boeing forecasts tough years ahead

The coronavirus pandemic has greatly reduced demand for air travel. While the number of daily air passengers

Read More

Stock futures muted after S&P 500, Dow hit over two-week high

(Reuters) – U.S. stock index futures were subdued on Tuesday as investors booked profits after a rally that sent the S&P 500 and the Dow to their highest levels in more than two weeks, while awaiting signs Washington was close to agreeing on more fiscal stimulus.

FILE PHOTO: A trader adjusts his mask as he works on the floor of the New York Stock Exchange as the outbreak of the coronavirus disease (COVID-19) continues in the Manhattan borough of New York, U.S., May 28, 2020. REUTERS/Lucas Jackson

House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin spoke by phone on Monday about fresh relief measures and were preparing to talk again on Tuesday.

Comments from officials that a deal was still possible had lifted Wall Street’s main indexes in the previous session, helping them recoup losses from last week that were sparked by news that President Donald Trump had contracted

Read More

Dow up nearly 2% to kick off week, ahead of presidential debate and jobs report

U.S. stock indexes traded higher Monday, kicking off the week on a positive note as investors embraced hope of additional fiscal stimulus, but look for more clarity on the race for the White House and the state of the economy.

How are stock indexes performing?

The S&P 500 SPX rose 59 points, or 1.8%, to 3,357. The Nasdaq Composite COMP climbed 181 points, or 1.7%, to 11,095. The Dow Jones Industrial Average DJIA advanced 523 points, or 1.9%, to 27,698.

Last week, the Dow finished down 1.8% and the S&P 500 index booked a 0.6% decline, both marking their longest losing streaks since August of 2019. The Nasdaq Composite Index gained 1.1% for the week, ending its three-week losing skid.

What’s driving the market?

Wall Street got off to a positive start on Monday as Washington took another stab at reviving talks on stalled coronavirus stimulus aid, a hoped-for development

Read More

Dow surges 400 points at Monday’s open, with presidential debate, jobs report ahead

U.S. stock indexes on Monday rose to kick off the week as investors braced for a period in which the race for the White House and the state of the economy may come into greater clarity.

How are stock indexes performing?

The S&P 500 SPX rose 49 points, or 1.5%, to 3,348. The Nasdaq Composite COMP climbed 168 points, or 1.5%, to 11,098. Meanwhile, the Dow Jones Industrial Average DJIA advanced 432 points, or 1.6%, to 27,606.

Last week, the Dow finished down 1.8%, the S&P 500 index booked a 0.6% decline, with both marking their longest losing streaks since August of 2019. The Nasdaq Composite Index, however, gained 1.1% for the week, ending its three-week losing skid.

What’s driving the market?

Wall Street got off to a positive start on Monday with some investors attributing the trend higher to positive reports out of China and fresh talk of a

Read More

Dow Jones Volatile on Elevated Unemployment Claims; Nike, Home Depot, and Goldman Sachs Talked Up by Analysts

The number of Americans filing initial jobless claims rose slightly in the week ended Sept. 19 to 870,000, still far above pre-pandemic levels and higher than economists were expecting. The Dow Jones Industrial Average (DJINDICES:^DJI) managed to rise nonetheless on Thursday, up around 0.25% at 11:45 a.m. EDT. The Dow was volatile throughout the morning, so that gain may not hold.

Shares of Nike (NYSE:NKE) failed to rise along with the Dow even after an analyst talked up the company’s digital transformation. Positive analyst commentary did help Home Depot (NYSE:HD) and Goldman Sachs (NYSE:GS) stocks, both of which were in positive territory by late morning.

Nike's campus.

Image source: Nike.

Optimism after Nike earnings

Footwear and apparel giant Nike was hit hard by the COVID-19 pandemic earlier this year. In the quarter that ended on May 31, Nike reported a staggering 38% drop in revenue due to retail store closings. Unsurprisingly, the

Read More

Dow Futures Edge Higher, Dollar Gains As US Markets Steady

The Thursday Market Minute

  • Global stocks slide following last night’s sell-off on Wall Street as investors continue to focus on the economic impact of a coronavirus resurgence and the potential for U.S. electoral chaos.
  • President Donald Trump refuses to commit to a peaceful transition of power during a question-and-answer with reporters, suggesting election night controversies that could hammer stocks and disrupt world markets.
  • The U.S. dollar climbs to a near two-month high against its global peers as cautious traders position themselves into the final weeks before the November vote.
  • Oil prices slip lower after a bigger-than-expected drawdown in U.S. crude and data showing fuel demand is down nearly 10% from last year.
  • U.S. equity futures suggest a mixed open on Wall Street ahead of weekly jobless claims at 8:00 am Eastern time and Fed Chairman Jerome Powell’s third day of Congressional testimony, this time to the Senate Banking Committee, at
Read More

Dow slides over 800 points, while S&P 500 veers close to correction territory

U.S. stocks fell sharply on Monday amid concerns about the COVID-19 trajectory in Europe, as news reports allege major global banks continued doing business with customers suspected of wrongdoing, and a lack of progress toward another round of fiscal stimulus out of Washington.

What are major benchmarks doing?

The Dow Jones Industrial Average
fell 822.57 points, or 3%, to 26,827. The Nasdaq Composite
shed 174 points, or 1.6%, to 10,620. The S&P 500
slipped 73 points, or 2.2%, to 3,245. If the broad-market index finishes below 3,222.76, it would enter correction territory, defined as a 10% drop from its recent peak.

Major U.S. benchmarks have suffered three consecutive weekly losses. The Dow fell 244.56 points Friday, or 0.9%, to end at 27,657.42, dragging the blue-chip gauge to a 0.03% weekly decline. The S&P 500 and the tech-heavy Nasdaq Composite both booked weekly losses of 0.6%.

The small-cap

Read More