After several sharp days of rallying, investors were greeted with harsh losses in the stock market today. The SPDR S&P 500 ETF (NYSEARCA:SPY) opened lower by about 3% and fell almost 4% at its lows. However, the market regained its footing for most of the afternoon, as investors awaited the House result for the $2.2
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By one measure, the bull market returned on Thursday. As we noted in yesterday’s Big Stock Charts, there was a technical argument that the Dow Jones Industrial Average had done so yesterday. The case is easier to make after the Dow rallied another 6.4% on Thursday. Source: Shutterstock As Barron’s noted, the term “bull market”
Another solid pop in the stock market has the Dow Jones Industrial Average 25% off its highs and up 18% from its lows. Something’s got to give. That said, let’s look at a few top stock trades for Friday. Top Stock Trades for Tomorrow No. 1: Broadcom (AVGO) We’ve seen a huge rebound in the market
The coronavirus from China is currently keeping people worldwide from working. Seasonally adjusted U.S. jobless claims soared to 3.28 million last week amid the massive economic disturbance caused by the pandemic, the Labor Department reported Thursday. Source: Shutterstock This figure smashes the previous record of 695,000 in October 1982, and surpasses the Great Recession’s top
Another big rally on Wall Street is giving bulls some confidence. That said, here’s a few top stock trades to consider now. Top Stock Trades for Tomorrow No. 1: Apple (AAPL) Apple (NASDAQ:AAPL) may have gained just a few percent on Wednesday, but it’s up dramatically from this week’s low. On Monday, the stock hit
Tuesday was a spectacular day for the markets. Wednesday’s big stock charts focus on the worry that it might have been a little too spectacular. Source: Shutterstock Indeed, the Dow Jones Industrial Average saw its biggest gain on a percentage basis since 1933. The S&P 500 rallied over 9%. Whether due to hopes for a
The markets got a huge bounce on Tuesday, but they’re not out of the woods. That said, let’s look at a few top stock trades for Wednesday. Top Stock Trades for Tomorrow No. 1: Nvidia (NVDA) Nvidia (NASDAQ:NVDA) has been bursting higher off the recent lows, already up $63 (33%) from the recent low. However,
U.S. stocks tried, and failed, to rally on Monday. The S&P 500 and Dow Jones Industrial Average both staged midday rallies that nearly erased early-session losses. The NASDAQ Composite was in the green at one point, and did manage to close down just 0.27%. Still, the bottom isn’t yet in: the S&P faded late in
It was a bumpy session that ultimately resolved lower, despite the Fed’s latest stimulus plans. That said, here are a few top stock trades to start the week. Top Stock Trades for Tuesday No. 1: Roku (ROKU) Roku (NASDAQ:ROKU) shares exploded higher on Monday, up more than 18% at one point. It looks like investors
The Federal Reserve introduced important measures on Monday that will be key for keeping the corporate debt markets in check as the coronavirus from China continues to wreak havoc on the broader market. This decisions comes after the both the S&P 500 and Dow Jones Industrial Average both experienced their worst one-week declines since 2008.
The stock market had a wild week, which ultimately ended with stocks posting their worst weekly decline since 2008. Of course, at fault are escalating concerns that the rapidly spreading coronavirus outbreak is bringing the global economy to a screeching halt. Source: Shutterstock These concerns aren’t going away anytime soon. If anything, they will only
The market staged a slight rally on Thursday, as investors continue to hope for a bottom. That said, here’s a look at a few top stock trades for Friday. Top Stock Trades for Tomorrow No. 1: Advanced Micro Devices (AMD) Not many stocks are looking good right now, at least on the long side. However,
It was a bumpy day in the stock market, as investors continue to hope for a bottom despite no real improvement in the news cycle. That said, here’s a look at a few top stock trades. Top Stock Trades for Monday No. 1: Starbucks (SBUX) I was keeping a very close eye on Starbucks (NASDAQ:SBUX)
Equities started off with a bounce in the stock market today, but investors just couldn’t keep the momentum alive. The S&P 500 slipped 4.3%, while the Dow Jones Industrial Average shed 913 points. The market had gotten into a habit of bouncing on Fridays, as bears did not want to stay short into the weekend.
Equities faltered on Friday after California and New York — two of the three largest states by GDP — announced shutdowns for all non-essential businesses, and after Senate Republican pitched a stimulus plan the markets viewed as disappointing. Source: Provided by Finviz The S&P 500 declined 4.18% The Dow Jones Industrial Average dropped 4.50% The Nasdaq
After the last few weeks, trading Thursday seemed almost normal. Following eight straight sessions in which the S&P 500 had moved at least 4.9%, U.S. stocks moved gently higher. Source: Shutterstock To be sure, there were intraday fireworks, as early losses reversed and midday gains faded. Overnight futures presage potential declines on Friday. The VIX,
At this point, weary investors will take the gains, but Thursday’s upside in domestic equities was muted amid concerns that the coronavirus outbreak will soon yield discouraging employment data. Source: Provided by Finviz The S&P 500 rose 0.47% The Dow Jones Industrial Average added 0.95% The Nasdaq Composite gained 2.30% Likely stoked by some value hunting,