Stocks closed higher on Friday, marking the fourth consecutive month of gains. The S&P 500 rose 1%, with 76% of its stocks gaining, and finished August with a 2.3% increase, bringing its year-to-date gain to 18.4%. The Dow Jones Industrial Average rose 0.6%, hitting its fourth all-time high this week, while the Nasdaq composite gained […]
ETFsector.com Daily Trading Outlook, September 3, 2024 Read More »
The Dow Jones Industrial Average hit a record high on Thursday, rising 243.63 points (0.59%) to close at 41,335.05, boosted by gains in Goldman Sachs, Intel, and Visa. The S&P 500 finished just below flat at 5,591.96, while the Nasdaq Composite fell 0.23% to 17,516.43. At the sector level XLE led on the day adding
ETFsector.com Daily Trading Outlook, August 30, 2024 Read More »
The tech-heavy Nasdaq Composite fell 1.12%, the S&P 500 dropped 0.6% and the Dow trimmed 0.39% on Wednesday. At the sector level, XLF and XLV led while XLY and XLK were the biggest laggards. Conforming to recent trends, Value and min vol. were outperforming factors on the day as they generally have been in 2024
ETFsector.com Daily Trading Outlook, August 29, 2024 Read More »
US equity indices edged positive Tuesday afternoon to finish at best levels of the day. Markets likely will tread water into NVDA earnings after the bell on Wednesday. Tuesday saw the Dow add 0.02% as the S&P 500 and Nasdaq both gained 0.16%. At the sector level XLE and XLU were laggards for the day
ETFsector.com Daily Trading Outlook, August 28, 2024 Read More »
Equities closed mixed across the major US indices. The Dow added 0.16% while the S&P 500 fell 0.32% and the Nasdaq Composite pulled back 0.85%. TSLA and NVDA gave back some of Friday’s big gains while CVX helped to boost energy shares higher. At the sector level, XLE and XLB were strong performers as Crude
ETFsector.com Daily Trading Outlook, August 27, 2024 Read More »
Equities closed the week with a flourish as the Nasdaq responded to Thursdays decline by leading large cap. equities higher on Friday adding 1.47% while the S&P 500 was up 1.15%, the Dow gained 1.14% and the Russell 2000 surged 3.19% and nearing highs for the year. At the sector level XLY, XLRE and XLK
ETFsector.com Daily Trading Outlook, August 26, 2024 Read More »
Equities pulled back on Thursday with the major US Indices all notching declines. The Nasdaq Composite dropped 1.67% while the S&P 500 gave back 0.89% and the Dow 0.43%. Equal weighted stocks outperformed as Mega Cap. heavyweights TSLA and NVDA were down >5%. At the sector level, Technology and Discretionary shares led to the downside
ETFsector.com Daily Trading Outlook, August 23, 2024 Read More »
Equities resumed their steady march higher with the major US indices all in positive territory on the day. The S&P 500 added 0.42% while the Nasdaq was up 0.57% and the Dow gained 0.14% as the laggard on the day. The Russell 2000 advanced 1.32% after lagging the large cap. benchmarks for most of the
ETFsector.com Daily Trading Outlook, August 22, 2024 Read More »
The equity rally paused on Tuesday as the major US indices broke multi-day winning streaks. The Nasdaq led shares lower down 0.33% while the S&P 500 gave up 0.20% and the Dow was off 0.15%. At the sector level, Energy shares were the downside catalyst with XLE losing 2.64% on the day. Performance among the
ETFsector.com Daily Trading Outlook, August 21, 2024 Read More »
The path of least resistance is clearly higher in the near-term. The Nasdaq added 1.39% leading the major US Indices higher while the S&P 500 gained 0.97% and the Dow added 0.58% on the day. At the Sector level XLK, XLC and XLY were in the leadership cohort as they have been for most of
ETFsector.com Daily Trading Outlook, August 20, 2024 Read More »
Stay updated with the latests analysis and insights fromm etfsector.com
