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The S&P 500 and NASDAQ jumped Friday to finish their best week of the year, as continued strength in earnings reports extended the tech-led rebound from the January rout.

On a weekly level, the S&P 500 finished +1.5% higher. The NASDAQ rose +2.4%, and the DOW wrapped up the week up +1.1%. This marks the second winning week of the year.

On a daily level, The S&P 500 rose +0.52% to 4,500.53, while the NASDAQ climbed +1.58% to 14,098.01. The DOW inched lower by 21.42 points or -0.06%, to end the day at 35,089.74. Continue reading "Stocks Post Best Week Of The Year" →

This week was like being on a roller coaster at Disneyworld. It had more up and downs due to volatility, the Fed, and earnings. But, there were certainly some daily moves that gave traders an adrenaline rush.

The DOW rose 564.69 points or +1.65% to close at 34,725.47, marking its best day of 2022. The S&P 500 added +2.43% to 4,431.85, and the NASDAQ rallied +3.13% to end the day at 13,770.57.

On a weekly level, the Dow finished the week +1.3% higher, and the S&P 500 added +0.8% on the week, breaking a three-week losing streak. However, on the strength of the Friday rally, the NASDAQ finished the week unchanged. Continue reading "Stocks End Week On A High Note" →

On Friday, the stock market fell again, closing out another losing week and continuing its rough start to 2022. Again, the NASDAQ was hit the hardest with Friday's selloff sending the tech-heavy index to its worst week since March 2020.

The NASDAQ declined -2.72% to close at 13,768.92. The DOW fell 450.02 points or -1.30% to 34,265.37, and the S&P 500 slid -1.89% to end the day at 4,397.94.

The Nasdaq posted a -7.6% loss for the week and now sits more than 14% below its November record close. The DOW and S&P 500 closed out their third straight week of losses of -4.58% and -5.68%, their worst weeks since 2020. The S&P 500 is off more than 8% from its record close. Continue reading "Nothing Good Happens Below 200-Day MA" →

The downtrend from last week continued this week as the stock market notched its second straight losing week to start 2022, with all three indexes finishing in negative territory. The NASDAQ shed -0.28%, while the DOW and S&P 500 lost -0.30% and -0.88%, respectively.

As for Friday's trading, The DOW slid 201.81 points or -0.56%, to finish the week at 35,911.81. The S&P 500 inched up +0.08% to 4,662.85, while the NASDAQ outperformed with a +0.59% gain to close at 14,893.75. Continue reading "Stock Market Notches Second Straight Losing Week" →

Well, 2022 didn't start the way a lot of traders had hoped, I imagine. Stocks fell on Friday to end a rough first trading week of the year, as rising interest rates battered tech shares. The NASDAQ dropped -0.96% to close at 14,935.90. The S&P 500 fell -0.41% to 4,677.03, and the DOW lost 4.81 points or -0.01% to close at 36,231.66.

On a weekly level, the NASDAQ posted its worst week since February 2021, down -4.53% in the first five trading days of 2022. The S&P 500 was off by -1.8%, while the DOW lost only -0.29% as traders rotated out of tech and into some value stocks amid the rising rates. Continue reading "2022 Starts Off With A Thud" →