The Dow Jones climbed into an all-time peak on Friday. US PPI figures showed September producer-level inflation stayed flat overall. Upbeat bank earnings helped to further bolster equities. The Dow Jones Industrial Average (DJIA) rose over 400 points bottom-to-top on Friday, bolstered into a fresh record high of 42,837 after US Producer Price Index (PPI) […]
UnitedHealth (UNH) closed at $597.70 on Thursday, 1.10% higher on the day. UnitedHealth’s stock price has increased 13.52% so far this year, less than the 12.64% advance registered by the overall Dow Jones Industrial Average (DJIA) index. On Thursday, the DJIA fell slightly to close at 42,454.12 points. The three leaders were UnitedHealth (UNH), Salesforce (CRM) and Amazon (AMZN), […]
The Dow Jones recovered ground on NFP Friday, but still remains down on the week.. The US added far more jobs than expected in September. Market hopes for a follow-up jumbo cut from the Fed have collapsed. The Dow Jones Industrial Average (DJIA) rallied after US Nonfarm Payrolls (NFP) jobs figures blew past expectations. US […]
The Dow Jones huddled close to 42,000 to kick off the new week. Investors are awaiting key US labor data due on Friday. Despite quiet Monday, the Dow Jones is coming off a winning month. The Dow Jones Industrial Average (DJIA) was hamstrung near Monday’s opening bids at the start of a fresh trading week. […]
Weaker Data Do This
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S&P 500 didn‘t quite reach Thursday‘s highs, and the 0.1% undershoot in core PCE aftermath was to blame. We caught it in Russell 2000 in the intraday channel as smallcaps benefited from bonds finally turning up. Communications had a good day too – Friday was simply about yields and continued piling into China names – […]
The VanEck Semiconductor ETF (SMH) is an exchange-traded fund that tracks a market-cap weighted index composed of 25 of the largest U.S.-listed semiconductor companies. The top holdings of SMH include companies like NVIDIA, Taiwan Semiconductor Manufacturing, Broadcom Inc., Texas Instruments, QUALCOMM, ASML Holding N.V., Applied Materials, Inc., Lam Research Corporation, Micron Technology, Inc., and Advanced Micro Devices, Inc. SMH four-hour chart May 23th In May, we showed how SMH […]
KO Elliott Wave Analysis Trading Lounge Daily Chart, The Coca-Cola Company, (KO) Daily Chart. KO Elliott Wave technical analysis Function: Trend. Mode: Impulsive. Structure: Motive. Position: Wave 3. Direction: Upside in wave 3. Details: Looking for the last push up into wave {v} of 3 as we have been correcting around the middle of MG2 at 72$. Looking […]
The Dow Jones is inching back into record highs on Friday. The index continues to find play above 42,000 in the post-Fed glut. The Dow Jones stock index rose up to 100 points, or 0.25%, during Friday trading. The Dow Jones Industrial Average (DJIA) edged back into the top end during the Friday market session, […]
Dow Jones struggles to break 41,000
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The Dow Jones is still battling to reclaim the 41,000 level. US PPI inflation kept the door open for a Fed rate cut next week. US Initial Jobless Claims also ticked up, but not enough to deter a rate trim. The Dow Jones Industrial Average (DJIA) stuck close to familiar midrange territory on Thursday, holding […]
The Dow Jones rallied early Wednesday before dipping back to the open. US JOLTS data eased back more than expected in July. Markets have tilted further into bets of a double Fed cut in September. The Dow Jones Industrial Average (DJIA) whipped on Wednesday, rising at the start of the US market session but falling […]
The Dow Jones shed three quarters of a percent amid cautious market flows. The midweek market session has investors looking ahead to US PCE inflation. China GDP downgrade has investors concerned about physical trade. The Dow Jones Industrial Average (DJIA) trimmed near-term gains on Wednesday, backsliding 300 points in the midweek market session. A downgrade […]
The Dow Jones rallied to 41,200.00 after Fed officials agreed its time to cut rates. Equities have immediately moved on to guessing how many rate cuts in 2024. Rate markets see 100 bps in cuts by 2024 year-end. The Dow Jones Industrial Average (DJIA) lurched over 350 points higher on Friday after the Federal Reserve […]
