Following a disappointing end to Tuesday’s session, stocks rallied anew on Wednesday amid talk the White House is in talks about reopening the shuttered U.S. economy as the number of coronavirus cases plateaus. Source: Provided by Finviz The S&P 500 jumped 3.38% The Dow Jones Industrial Average rose 3.41% The Nasdaq Composite soared 2.58% Raytheon Technologies
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It was a concerning day in the stock market today. While the S&P 500 rallied another 1.5%, bringing this week’s gains to almost 11%, it struggled to hold those gains into the close. That’s as another enormous jobless claims report hit the tap before the open. Oil prices took a spill as investors continue to
Stocks gained again on Thursday after Dr. Anthony Fauci, director of the U.S. National Institute of Allergy and Infectious Diseases, dramatically pared his COVID-19 fatalities forecast, saying the respiratory illness could claim 60,000 American lives, down from prior estimates of 100,000 to 200,000. Source: Provided by Finviz The S&P 500 added 1.44% The Dow Jones
After a holiday-shortened, rowdy week, let’s look at a few top stock trades involving some of the most well-followed names on Wall Street. Top Stock Trades for Monday No. 1: S&P 500 ETF (SPY) The Fed announced an additional $2.3 trillion worth of stimulus and the S&P 500 can barely gain upward traction? That’s a
This might have been a short week in the markets, but it certainly wasn’t lacking excitement. On Wednesday the investing community apparently started to feel that the curve may be flattening on the spread of the novel coronavirus. Today’s big stock charts show some of that optimism. Source: Shutterstock The proof of this upbeat sentiment
After an ugly reversal on Tuesday, equities posted a solid bounce on Wednesday. With that in mind, let’s look at a few top stock trades as a result. Top Stock Trades for Tomorrow No. 1: Pinterest (PINS) Pinterest (NYSE:PINS) stock surged higher on Wednesday, up more than 10% at one point, after the company reported
The headlines make the world go around, at least when it comes to stock trading. The news wasn’t so great in March but it might be getting better in April, and stock prices seem to be reflecting this. Today’s big stock charts showcase names that got some of that good news. Source: Shutterstock Encouraging news
Stocks tried to extend gains from Monday today, with the S&P 500 at one point coming close to meeting the technical definition on hopes that coronavirus case numbers are flattening out in New York, one of the epicenters of the respiratory illness in the U.S. However, late session selling led to modest losses. Source: Provided
Most investors would agree that the issues caused by the novel coronavirus haven’t been completely resolved yet. Still, it was nothing but upside to start the week on Monday as investors saw a light at the end of the tunnel. And Tuesday’s big stock charts show some of that illumination. Source: Shutterstock This could be
U.S. equities underwent a massive rally on Monday, with the S&P 500, rallying almost 8% at one point. That said, here’s a look at a few top stock trades. Top Stock Trades for Tomorrow No. 1: Intel (INTC) So many investors seem focused on Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD), that it feels like
Friday wrapped up another volatile week in the markets. The CBOE S&P 500 Volatility Index remained in the high $40-range, suggesting continued trepidation among the trading community. Source: Shutterstock When the price action is wild, investors may look to trend lines for support levels from our big stock charts. These lines can serve as guideposts
Despite record jobless claims north of 6.6 million, the stock market held up on Thursday. Let’s look at a few top stock trades, which had more volatility than the market would have made you think. Top Stock Trades for Friday No. 1: Facebook (FB) Like many other stocks, as well as the overall market, Facebook
It was a very interesting session in the stock market today. That’s as the SPDR S&P 500 ETF (NYSEARCA:SPY) spent most of the day in positive territory and ended higher by 2.4%. That’s despite a record-setting initial jobless claims report. The U.S. reported 6.65 million jobless claims, roughly double what economists were expecting. That’s also
The stock market held up surprisingly well on Friday, if you can say that with the S&P 500 down almost 27% from its all-time highs earlier this year. We saw selling pressure eventually pick up in the stock market today, following a disappointing jobs report for March. The fact that the market only slipped lower,
A record jobless claims report on Thursday was followed up with a dismal jobs report on Friday. That said, let’s look at a few top stock trades for next week. Top Stock Trades for Monday No. 1: Advanced Micro Devices (AMD) Advanced Micro Devices (NASDAQ:AMD) was trading great on the long side when the market
Equities slumped to finish the week as the Labor Department’s March jobs report was far worse than expected, prompting speculation that next few monthly employment updates will be as bad or even worse because of the coronavirus pandemic. Source: Provided by Finviz The S&P 500 sagged 1.51% The Dow Jones Industrial Average dropped 1.69% The Nasdaq
Most big stock charts from the S&P 500 looked great on Thursday — nice and green. There are always exceptions, however. A rising tide doesn’t necessarily lift all boats, it seems. Source: Shutterstock On the other hand, one trader’s trash is another trader’s treasure. The willingness to buy at low prices is what made Warren
Stocks rallied early Thursday morning, only to give back much of those gains late in the session as market participants digested unsurprisingly poor, but still staggering, weekly jobless claims reports. Source: Provided by Finviz The S&P 500 jumped 2.27% The Dow Jones Industrial Average gained 2.23% The Nasdaq Composite fell 1.72% Earlier today, oil futures traded
After the worst first quarter in the history of the Dow Jones Industrial Average, long-side traders hoped that April Fool’s Day would provide some relief. Boy, were they disappointed. Source: Shutterstock Perhaps the market slid on Wednesday because the White House predicted a “very, very painful two weeks.” In any case, the coronavirus from China
Stocks started the second quarter off on the wrong foot, tumbling lower on the day. That said, here’s a look at a few top stock trades now. Top Stock Trades for Tomorrow No. 1: Microsoft (MSFT) Microsoft (NASDAQ:MSFT), the largest holding in the SPDR S&P 500 ETF (NYSEARCA:SPY), is starting to roll over. Shares failed