Category: Trading Videos

The S&P 500 rose slightly on Friday, climbing +0.2% to post a new record closing high of 4,247.44, its second record close in a row to end the week. The NASDAQ advanced +0.4% to 14,069.42 with Apple, Microsoft, and Netflix all making gains, and the DOW gained 13.36 points or +.04% to 34,479.60.

As for the weekly results, the S&P 500 posted a +0.4% gain marking its third consecutive positive week. Meanwhile, the NASDAQ had the largest gains of the three major indexes, gaining +1.8% for the week and posting its fourth straight winning week in a row. Meanwhile, the DOW's struggles continued, with it falling -0.8% on the week. Continue reading "S&P 500 Posts Another Record Close On Friday" →

The S&P 500 rose slightly on Friday in light trading heading into the long weekend to post its fourth straight monthly gain amid growing optimism over the U.S. economic recovery.

The S&P 500 ended the session up +0.1% to 4,204.11, sitting just 0.8% from its all-time record high. The DOW gained 64.81 points or +.19% 34,529.45, and the NASDAQ inched up +0.1% to close at 13,748.74.

Both the DOW and the S&P 500 advanced +0.9% and +1.1% last week, respectively, with both indexes breaking a two-week losing streak. The NASDAQ rose +2% to post its best weekly performance since April 9. Continue reading "S&P 500 Post Fourth Straight Monthly Gain" →

Bitcoin and the cryptocurrency market overall are heading into the weekend down after a volatile week. Bitcoin will end the week down roughly -23% as I write this article after China released a statement stating that it is necessary to "crackdown on Bitcoin mining and trading behavior, and resolutely prevent the transmission of individual risks to the social field."

China's tough talk comes just a day after U.S. officials pledged to get tough on those using Bitcoin to conduct "illegal activity broadly including tax evasion." The Treasury Department said it would require reporting on cryptocurrency transfers of more than $10,000, just as with cash. Continue reading "Bitcoin Falls To End Volatile Week" →

The three major indexes experienced a roller-coaster week that saw the NASDAQ fall -2.3% for the week marking its fourth straight week of losses as the tech sell-off continued. The DOW and the S&P 500 fell -1.1% and -1.2% this week, respectively.

Early in the week, the NASDAQ fell over -5%, with the DOW dropping nearly 1,200 points from Monday to Wednesday. The S&P 500 was unable to escape the broad sell-off losing -4% itself.

However, the market fought back to close daily trading in the green on Friday, with the DOW climbing 360.68 points or +1.1%, to 34,382.13. The S&P 500 gained +1.5% to 4,173.85, and the NASDAQ, the relative underperformer for the week, snapped back by +2.3% to 13,429.98. Continue reading "NASDAQ Suffers Fourth Straight Weekly Loss" →

The S&P 500 and DOW jumped to record levels on Friday despite a disappointing April jobs report. The Labor Department said nonfarm payrolls increased by just 266,000 in April, far less than the 1 million total economists were expecting, according to Dow Jones. The unemployment rate rose to 6.1% last month amid an escalating shortage of available workers, higher than an expectation of 5.8%. Meanwhile, March's originally estimated total of 916,000 was revised down to 770,000.

As the market came to a close on Friday, the S&P 500 climbed +0.7% to 4,232.60, hitting a record high. The DOW rose 229.23 points or +0.7%, to 34,777.76 to reach another closing high, and the NASDAQ jumped +0.9% to 13,752.24. Continue reading "Disappointing Jobs Report And Record Highs" →