Saturday, April 27, 2024

Breakout or Breakdown? Events This Week Could Set Market Direction

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Stocks face major tests this week as investors brace for inflation data, a potential autoworker strike and the expected introduction of new iPhones. The S&P...

Technology Rebounds as New Companies Rally In the Sector

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Technology stocks are rebounding from a weak August as investors target a widening swath of companies like Intel and Western Digital. The S&P 500...

Energy Led in August as Higher Rates Dragged The Stock Market Lower

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The stock market pulled back in August after a five-month rally. Energy was the only positive sector, thanks to rising oil prices. The S&P 500...

Chart of the Day: Tesla Could Be Accelerating

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Tesla skidded lower after its last earnings report on July 19, but now the EV giant could be turning a corner. The first pattern on...

Stocks Are Trying to Stabilize Before a Trio of Major Economic Events

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Stocks are trying to stabilize before three major economic events that could determine direction in coming months. The S&P 500 rose 0.8 percent between Friday,...

Market Sputters as U.S. Economy Surges and China Struggles

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Stocks declined for a third week as investors grappled with a surging U.S. economy and spreading weakness in China. The S&P 500 slid 2.1 percent...

Technical Analysis: Can Caterpillar Hold Its Gains?

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Caterpillar has been leading a rally in industrial stocks, but now some traders may expect a pullback. Notice the gap to new record levels on...

Stocks Test Support as Blue Chips Take Leadership From Big Tech

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Stocks are testing support as the venerable Dow Jones Industrial Average takes leadership from newer technology companies. The 138-year-old benchmark rose 0.7 percent between Friday,...

Stocks Fall on U.S. Downgrade as a New Month Begins

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Stocks began August to the downside as big earnings passed and Fitch Ratings downgraded the sovereign debt of the United States. The S&P 500 fell...

Chart of the Day: Alphabet Pulls Back After Earnings Rally

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Alphabet jumped to a new 52-week high on strong results last week. Now it may be giving trend followers a potential opportunity. The first pattern...
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