Wall Street ends mixed, Nvidia shares slip after the bell
Wed November 20, 2024 7:25 PM
Tech took a big hit all day with the Nasdaq down nearly 300 points in the morning and the S&P not too far behind with a 60 point loss at 10:30, but both choppily recovering to near break-even at close. The Dow was on a rocky course bouncing back and forth several times between 200 point losses and break-even before finally breaking through in the 11th hour and gaining 139 at close.
S&P 500, Nasdaq end up with Nvidia; Walmart hits record after forecast
Tue November 19, 2024 4:56 PM
All three indexes started the day in the red, especially the Dow sinking 450 points by 10 a.m. Then they all steadily rose with tech going quickly into the black with handsome gains by close, all eagerly awaiting Nvidia’s Q3 later in the week on which there are very heavy bets. The Dow never got out of the red but did recover most of the day’s losses closing down 120.
Nasdaq, S&P close higher as investors await Nvidia earnings
Mon November 18, 2024 4:37 PM
The Dow spent the day on a rollercoaster swinging back and forth between a 150 point loss and a 60 point gain but closing down 55. Tech fared considerably with a steady upswing due to renewed optimism today over the coming Trump policies that are expected to be favorable to tech. But there continues the tug-of-war over the controversial cabinet picks, whether Trump’s policies will hurt the economy, and whether AI rally will sustain or begin to wane. The latter will be closely watched as investors await Nvidia Q3. Volume is still a little above average but with election euphoria declining, the gap is closing with 14.9 billion shares traded vs a 14.1 billion average.
DJ: 43,444.99 -305.87 NAS: 18,680.12
-427.53 S&P: 5,870.62
-78.55 11/15
DJ: 43,389.60 -55.39 NAS: 18,791.81 +111.69 S&P: 5,893.62 +23.00 11/18
Wall St sinks on Powell rate-cut caution, Trump cabinet picks
By Sinéad Carew and Lisa Pauline Mattackal
Fri November 15, 2024 6:46 PM
For the second day, the indexes suffered 3-digit losses, today even more so than yesterday, as investors exercised increased caution over the potential fallout from Trump’s coming policies, exacerbated in the last couple of days by the controversial cabinet nominations, particularly RFK as healthcare and especially vax stocks took a tumble. Even defense stocks took a hit over concerns with the new Department of Government Efficiency.
Wall St indexes end lower after Powell erodes hopes for December rate cut
By Sinéad Carew and Lisa Pauline Mattackal
Thu November 14, 2024 4:31 PM
All it took was the smallest hint from Powell today that the Fed “need not rush to ease monetary policy” to send all three indexes on a steady stream downwards from the open with both the Dow and Nasdaq going into 3-digit losses. The Richmond Fed prez also remarked that the possible coming tariffs could make the Fed more cautious. So, despite the fact that PPI came in almost exactly the same as yesterday’s CPI which propped up enthusiasm, today that same enthusiasm got squashed with the odds of a December rate cut falling to 62% vs yesterday’s 85% vs Monday’s 59%.
Wall Street ends mixed while inflation data keeps Fed rate-cut hopes intact
By Sinéad Carew and Purvi Agarwal
Wed November 13, 2024 4:54 PM
CPI came in exactly as expected and, though it rose 0.2% for the fourth straight month (2.6% annual), it did not rise more than forecast which was good news for the markets in terms of rate cuts, now putting the odds for ¼ point December cut at 82%, up from 59% just two days ago. But the three indexes went through a wild rollercoaster ride today with the Dow swinging back and forth in a 300-point range, opening in the red but reaching a height of a +230 by 1 pm before declining to very modest gains by close. The bottom line for the day was “relief inflation didn’t come in ahead of expectations.” And for the sixth day, volume came in considerably above the 13.46 billion average, today closing with 16.49 billion shares traded.
DJ: 43,910.98 -382.15 NAS: 19,281.40
-17.36 S&P: 5,983.99
-17.36 11/12
DJ: 43,958.19 +47.21 NAS: 19,230.74 -50.56 S&P: 5,985.38 +1.39 11/13
Wall Street indexes dip with focus on Trump policies, economic data
By Sinéad Carew and Lisa Pauline Mattackal
Tue November 12, 2024 5:11 PM
The Trump rally appears to be losing steam as investors today have focused on the potential negative impact of his economic policies stoking more inflation and hampering growth. Ahead of inflation data coming later this week (CPI, PPI and retail sales) and trying to hedge bets against weak reports, all three indexes went into a substantial decline all morning with a particularly strong dip between 12:30 and 1:30 before at least tech recovered to near break-even.
