Saturday, May 4, 2024

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...

Stocks Keep Climbing: Has ‘Goldilocks’ Arrived?

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Stocks keep rising as lower inflation, accelerating growth and strong earnings create a potential "Goldilocks" scenario. The S&P 500 rose 1 between Friday, July 21,...

Blue Chips Break Out as Traders Pivot Before the Fed

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Blue chips are breaking out as investors pivot from growth stocks to value. The S&P 500 rose 0.7 percent between Friday, July 14, and Friday,...

Lower Inflation Keeps Bulls in the Driver’s Seat as Earnings Begin

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Stocks keep rising as lower inflation spurs hope the Federal Reserve is almost done hiking interest rates. The S&P 500 rose 2.4 between Friday, July...

Chart of the Day: Is Caesars Following Travel Stocks Higher?

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Travel stocks have climbed recently, and now Caesars Entertainment could be showing signs of strength. The first pattern on today’s chart is the falling trendline...

Tesla Gets a Rival on Wall Street as Traders Await Big Inflation Report

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Tesla, one of the most active stocks in the market, suddenly has a rival among traders. Rivian Automotive (RIVN) announced better-than-expected deliveries last week. That...

A New Bull Market? Stocks Hit a New 52-Week High as Recession Fears Ease

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Stocks rebounded sharply to end June as cooling inflation and strong economic data spurred hopes of a new bull market. The S&P 500 rose 2.3...

Chart of the Day: Will Small Caps Follow the S&P Higher?

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The Russell 2000 small cap index has lagged all year, but it may be showing some signs of coming to life. The first pattern on...

Stocks Pause as Summer Begins and Central Banks Talk Tough on Inflation

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Stocks began the summer with a pause as central bankers around the world vowed to crush inflation. The S&P 500 fell 1.4 percent in the...
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