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Posts Tagged ‘AAPL’

Market overlooks GDP headlines today–mostly

As of the close today, October 29, the Standard & Poor's 500 was up "just" 1.17%. (The NASDAQ Composite had gained 1.64% and the Dow Jones Industrial Average had picked up 0.52%) I say "just" because after yesterday's 3.53% drop in the index that move today is a relatively restrained bounce. Especially after today's headlines […]

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Saturday Night Quarterback says (on a Sunday), For the week ahead expect…

...huge numbers of earnings reports in the coming week with 93 on Monday, 178 on Tuesday, 319 on Wednesday, 397 on Thursday, and 81 on Friday. Let me pick out a few that have extra significance. On Tuesday Microsoft (MSFT), Advanced Micro Devices (AMD) and Caterpillar (CAT) report. Microsoft will give us another take on […]

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Stocks move strongly higher on belief in a stimulus deal

I'm willing to bet against the Tooth Fairy and the Easter Bunny, but in this market, in the very short term, I'm not willing to bet against the market's faith that there will be another coronavirus stimulus package--soon--to boost the U.S. economy and prevent an economic stall. Today the Standard & Poor's 500 closed up […]

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Stocks lose much of early enthusiasm but still finish in the green

Stocks moved up modestly this morning (modest considering the damage down in the last few days) with the Standard & Poor's 500 up 0.99% at 1 p.m. New York time, the Dow Jones Industrial Average ahead 0.94%, and the NASDAQ Composite gaining 1.16%. The move seems to have been fueled by strong talk from Treasury […]

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Stocks take a while but deliver expected bounce today

This morning it looked like we might not get the bounce I expected today after the Monday morning sell off and Monday afternoon recovery. The NASDAQ, dominated by the big tech names most likely to bounce today, started Tuesday off in a mild downturn. As of 11:07 a.m. New York time the index was down […]

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Small move in S&P 500 disguises continued turmoil in big technology shares

Three stocks in the Standard & Poor's 500 were up for every two that were down as the index turned in a day with very little movement--a gain of 0.05% at the close on September 11. The Dow Jones Industrial Average was ahead a bit more at 0.48% That lack of movement in the S&P, […]

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Big tech takes back its gains from yesterday

The Standard & Poor's 500 was down 1.76% and the NASDAQ Composite fell 1.99% today. But the worst damage was among the big tech names that had led the rally higher and that had bounced yesterday. Microsoft (MSFT) was down 2.80%. Amazon (AMZN) gave up 2.86%. Nvidia (NVDA) lost 3.17%. Apple (AAPL) dropped 3.26. That […]

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Tech bounces off 50-day moving average

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Slide in the afternoon doesn’t augur well for tomorrow

The NASDAQ Composite was down an already punishing 2.75% at noon in New York. But the damage wasn't done for the day. The tech-heavy index closed the day down 4.11% And the big techs, the stocks that had driven the rally up and are now pacing the move down, sold off in the afternoon too. […]

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NASDAQ 100 moves into correction

Traders who bought on the dip at the end of last week were a bit early, the market is saying today. As of noon New York time, the Standard & Poor's 500 was down 1.91%; the Dow Jones Industrial Average was off 1.56%, and the NASDAQ Composite was lower by a whopping 2.75%. In the […]

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