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 »
Wednesday saw a snap back towards Semiconductor and Technology shares spurring a big day for equities. Among the large cap. indices, the Nasdaq paced the advance adding 2.64% while the S&P 500 gained 1.58% and the Dow, 0.24%. Among sectors, the XLK led on the day surging 4.24% higher on renewed strength from Semiconductor buying.
ETFsector.com Daily Trading Outlook, August 1, 2024 Read More »
The macro picture underpins a growing disconnect between the index level trends for equities and the breadth beneath the surface. Leadership is becoming narrow.
ETFsector.com Daily Trading Outlook, June 14, 2024 Read More »
Two more record closes today as the Nasdaq added 0.88% while the S&P 500 added 0.27% to yesterday’s record close. The Dow fell 0.31% on weakness from AXP and BA. ORCL reported after-hours with shares trading +8% in the after-hours session. AVGO reports tomorrow. Wednesday is the big day of the month with CPI data
ETFsector.com Daily Trading Outlook, June 12, 2024 Read More »
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