If it ain’t one thing, it’s another for U.S. stocks today
A little bit of everything has hit U.S. stocks today. A sell off in momentum stocks is leading the market lower again. That seems partly disappointment that good news from Apple (AAPL) didn’t take the S&P 500 through resistance at 1885 yesterday. Part seems to be disappointment at Amazon.com’s earnings. Part seems to be worry over being long equities over a weekend that could see violence in Ukraine.
It looks like traders are becoming resigned to a further drop in NASDAQ stocks
It’s a better day today than yesterday for momentum stocks, technology shares, and the NASDAQ Composite index. But it’s not a good day. And I would have expected a better performance today after yesterday’s beating
Momentum sell off resumes
Even good news on initial claims for unemployment has not been able to turn a two-day rally in U.S. stocks into a three-day rally. With technology and momentum stocks leading the way lower—again—the NASDAQ Composite index is down 2.47% as of 2:15 p.m. in New York.
Momentum stocks sell off today: Sign of a temporary top?
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Amazon: So where are the profits?
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More rumors of an iPad Mini launch–now for October 23
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Are some companies simply better at the “plenty of work but no jobs” economy?
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