Wednesday, May 1, 2024

Perfect Storm Handing Nasdaq its Worst Month Since 2008

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A perfect storm of negatives is handing the Nasdaq-100 its worst month since the financial crisis. The technology-heavy index lost 11 percent of its value between the end of September and yesterday's close. Depending on...

Chips and China Tech Are Killing the Nasdaq

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The Nasdaq-100 is getting hammered again this morning, with two groups accounting for most of the pain. As this RadarScreen® shows, nine of the 10 worst-performing companies in the index today are either semiconductor-related names...

Can Indexes Hold After Buyers Defend Key Levels?

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Stocks fell yesterday, but it almost felt like a bullish day when you consider how much worse it could have been. The S&P 500, Nasdaq-100 and Dow Jones Industrial Average were down 2-3 percent about...

Don’t Ignore This Currency as Fear Sweeps Market

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The Japanese yen is gaining steam as fear sweeps the market. The currency has long been viewed as a safe haven because of Japan's huge trade surplus and low interest rates. Money traditionally flows away...

Some Key Funds May Be on the Precipice

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Volatility's on the rise this month, and three popular ETFs are trying to hang on. The Market Vectors Semiconductor ETF (SMH), S&P SPDR Financial ETF (XLF) and S&P SPDR Energy ETF (XLE) had all slammed...

Clients Rush Back to ETFs as Volatility Pops

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Clients are rushing back to exchange-traded funds this month as volatility mounts. Five of the 10 most heavily traded symbols with TradeStation in October are ETFs. That marks a sharp swing from September, when calm...

Stocks Cling to Gains After Volatility Shock

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Stocks are trying to hold their ground after a brutal volatility shock earlier this month. The S&P 500 rose less than 0.1 percent between Friday, October 12, and Friday, October 19 -- its first gain...
Oil Leading Commodity Selloff as Tariff Worries Hit Sentiment

A Key Trend Line May Be at Risk

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Just how much damage has been done to the charts so far this month? The answer may be "quite a lot." As readers of Market Insights know, a trend line has run beneath the S&P...

Tech Mixed, Industrials Slip: Earnings This Week

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Third-quarter earnings season is off to a mixed start, with high-profile names doing little but industrials getting hammered. The most actively traded companies -- Netflix (NFLX), Bank of America (BAC) and JPMorgan Chase (JPM) --...

Energy Waffles as Iran Sanctions Draw Near

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The S&P 500 bounced after last week's sharp drop, but oil hasn't been so lucky. Crude oil futures (@CL) closed yesterday at their lowest level in a month. The weakness comes as news events turn potentially...
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