Tag: S&P 500 (CME:SP500)

Stocks rose on Friday posting a winning week as Fed Chair Jerome Powell prepared the markets for the central bank to pull back on some of its monetary stimulus, saying it's likely to start tapering its $120 billion in monthly bond purchases this year.

The DOW gained 241.69 points or +0.69%, to 35,454.81. The S&P 500 rose +0.88% to hit a new intraday high and closed at 4,509.37, and the NASDAQ added +1.23%, also hitting a new record during the session, closing at 15,129.50.

The three major indexes closed out the week in the green with the DOW finishing up +0.96%, while the S&P 500 added +1.52% and the NASDAQ gained +2.82%. Continue reading "Powell Prepares Markets For Bond Tapering" →

On Friday, the DOW gained 225.96 points or +0.65%, to 35,120.08, but that wasn't enough to finish the week in positive numbers. The S&P 500 followed suit adding +0.81% to reach 4,441.67, and the NASDAQ rose +1.19% to close at 14,714.66.

However, all three major stock indexes finished the week lower. The Dow dipped -1.1% this week, while the S&P 500 shed nearly -0.6% and the NASDAQ moved -0.7% lower. Continue reading "Stocks End Trading With A Losing Week" →

The DOW finished the day up 15.53 points or +0.04% to close at a record 35,515.38, while the S&P 500 added +0.16% and finished at 4,468, a new closing record. The NASDAQ ticked up just +0.04% to close at 14,822.90. http://ow.ly/Y88o50FQN4h

The DOW and the S&P 500 rounded out the week with gains of +0.87% and +0.71%, respectively, amid light summertime trading volumes. That makes two weeks in a row that both indexes have finished in the green. However, the tech-heavy NASDAQ underperformed this week, finishing down just under a tenth of a percent at -0.09%. Continue reading "Stock Market Grinds To New Highs" →

Crude oil posted its worst weekly loss in nine months as the US dollar gained +0.77% for the week and +0.61% in Friday trading, dashing any attempt by crude prices to rebound on tensions in the Middle East and a week of negative news on Covid here in the US as the Delta variant takes hold.

U.S. West Texas Intermediate crude oil (WTI), the benchmark for US oil, settled Friday's trade down -.81 cents, or -1.2%, at $68.28 per barrel. For the week, WTI lost -7.7%, its most since the -10% drop during the week to Oct. 23, 2020.

The DOW rose 144.26 points or +0.41% and closed at an all-time high of 35,208.51. The S&P 500 rose +0.17% to clinch its own record close at 4,436.52, while the NASDAQ dipped -0.40% to settle at 14,835.76. Continue reading "Crude Oil Has Worst Week Since October" →

The stock market fell on Friday, pushing the DOW, S&P 500, and NASDAQ into the red for the week, ending a three-week winning streak. Inflation fears overshadowed strong retail sales numbers and better-than-expected earnings reports as earnings season kicked off.

On the day the DOW lost 299.17 points or -0.86%, to close at 34,687.85. The S&P 500 dipped -0.75% to 4,327.16, and the NASDAQ lost -0.80% to 14,427.24.

On a weekly level, the DOW ended the week down -0.52%, while the S&P 500 dipped -0.97%, and the NASDAQ fell -1.87% for the week. Continue reading "3 Week Winning Streak Comes To An End" →