Strong Start To Earnings Season Boosts Stocks

Earnings season is off to a better-than-expected start for the third-quarter earnings reports, which in turn gave the DOW a boost to achieve its best weekly performance since June. Friday's move higher was strong enough to trigger a new green weekly Trade Triangle for the DOW, pushing the Chart Analysis Score to +100, indicating that the DOW is now in a strong uptrend. Friday's move also propelled the S&P 500 higher, triggering a new green weekly Trade Triangle, leaving the NASDAQ as the only index of the three in a sidelines position.

The DOW gained 382.20 points or +1.09% to close at 35,294.76. The S&P 500 added +0.75% to end the day at 4,471.37, and the NASDAQ rose +0.50% to finish at 14,897.34.

The three major indexes closed the week higher and are positive on the month. The DOW had a weekly gain of +1.58%, the S&P 500 +1.82%, and the NASDAQ outperformed with a weekly gain of +2.18%. Continue reading "Strong Start To Earnings Season Boosts Stocks"

On To The Fourth Quarter Of 2021

I don't know about you, but I'm glad that September and the third quarter of 2021 are over! I'm ready to head into the fourth quarter with a fresh mindset, and hopefully, the market is too.

On the final day of September trading, the DOW dropped 546.80 points or -1.59%, to close at 33,843.92. The S&P 500 was down -1.19% to 4,307.54, while the NASDAQ fell -0.4% to 14,448.58.

Overall, September was a rough month for equities, with inflation fears, rates rising, and concerns about Chinese property putting pressure on the market. The S&P 500 finished the month down -4.8% for its worst month since March 2020, when the pandemic caused a major market sell-off. In addition, the NASDAQ fell -5.3% for its worst month since March 2020, while the DOW dropped -4.3% for its worst month in 2021. Continue reading "On To The Fourth Quarter Of 2021"

Wild Week Comes To A Calm Close

Trading started on the wrong foot Monday, extending last week's losses for stocks, but a mid-week bounce and calm day of trading on Friday helped soothe the market. The DOW gain 33.18 points or +0.10%, to 34,798.00. The S&P 500 edged +0.15% higher to 4,455.48, and the NASDAQ shed 0.03% to close at 15,047.70.

All three major indexes were able to finish the stress-filled week in the green, with the DOW finishing the week +0.6% higher, while the S&P 500 ended it +0.51% higher and the NASDAQ eked out a small gain of +0.02%. Continue reading "Wild Week Comes To A Calm Close"

DOW Finishes With 5 Straight Days Of Losses

The DOW posted a daily loss for a fifth straight day Friday as economic uncertainty looms large. The DOW dropped 271.7 points or -0.78%, to close at 34,607.72. The S&P 500 dipped -0.77% to close at 4,458.58, and the NASDAQ -0.87% to close at 15,115.49.

For the week, the DOW finished down -2.15% for its second negative week in a row. Likewise, the S&P 500 lost -1.69% for the week, its first weekly loss in two weeks, while the NASDAQ finished the week -1.61% lower. Continue reading "DOW Finishes With 5 Straight Days Of Losses"

Big Jobs Report Miss Dampens Market Mood

The DOW retreated on Friday, and the S&P 500 slipped from record highs after the August jobs report came in short of expectations, showing the impact of the delta variant Covid resurgence on the workplace.

The DOW lost 74.73 points or -0.21%, to close at 35,369.09, while the S&P 500 edged lower by -0.03% to 4,535.43. The NASDAQ gained +0.21% on the day to close with a new record close of 15,363.52.

The NASDAQ was the best performing index for the week, rising +1.55%. The S&P 500 gained +0.58%, while the DOW ended up down or -0.24% week. Continue reading "Big Jobs Report Miss Dampens Market Mood"