The S&P 500 edged higher Thursday, avoiding correction territory, as technology stocks recovered some of their recent losses. Shares of Apple, Microsoft and other technology stocks notched gains, pulling the major stock indexes into the green. The advance ended a topsy-turvy session that had seen the benchmarks bob above and below the flatline several times following mixed economic data and an attempt by a senior Republican lawmaker to quell concerns around the elections.
U.S. stocks fell sharply Wednesday, extending their turbulent run as hopes for additional fiscal stimulus dimmed, coronavirus cases rose and investors continued to question the valuations of tech stocks.
U.S. stock rose Tuesday, stabilizing after a bout of volatility that had tested investors’ confidence in the market’s months long rebound. The S&P 500 and Nasdaq Composite both snapped four-session losing streaks.
In order to build an effective watch-list, I collect a handful of leadership and / or liquidity stocks in the hot sectors (e.g., software, semiconductors, etc) as well as those that gap up on earnings (PEAD candidates). Stocks that I select for my watch-list should meet general technical criteria (e.g., minimum daily volume, price action, etc). My watch-list usually comprises ~100 names. I review each stock on a daily basis and set my ThinkorSwim alert notifications.
The Dow Jones Industrial Average dropped more than 500 points, falling in tandem with oil and gold prices and sparking worry among some investors of further turbulence ahead. Monday’s losses were broad. Ten of the 11 sectors in the S&P 500 dropped, led by economically sensitive groups like materials and industrials, which both fell 3.4%. The technology sector, which has driven much of the stock market’s remarkable rebound since March, was the only group to finish the day in the green, up 0.8%.
In order to build an effective watch-list, I collect a handful of leadership and / or liquidity stocks in the hot sectors (e.g., software, semiconductors, etc) as well as those that gap up on earnings (PEAD candidates). Stocks that I select for my watch-list should meet general technical criteria (e.g., minimum daily volume, price action, etc). My watch-list usually comprises ~100 names. I review each stock on a daily basis and set my ThinkorSwim alert notifications.
In order to build an effective watch-list, I collect a handful of leadership and / or liquidity stocks in the hot sectors (e.g., software, semiconductors, etc) as well as those that gap up on earnings (PEAD candidates). Stocks that I select for my watch-list should meet general technical criteria (e.g., minimum daily volume, price action, etc). My watch-list usually comprises ~100 names. I review each stock on a daily basis and set my ThinkorSwim alert notifications.
Declines in shares of technology companies helped push the S&P 500 to a third consecutive week of losses, capping another tumultuous stretch for the stock market. Friday’s moves continue a recent spell of volatility during which major U.S. stock indexes have quickly retreated after marching upward throughout the summer. Tech heavyweights that powered the market higher this year are now dragging it down.
U.S. stocks declined Thursday, hurt by weakness in the labor market as uncertainty over the coronavirus pandemic continues to weigh on hiring. In data released before the opening bell, filings for jobless benefits held nearly steady at 860,000 last week, according to the Labor Department. The measure has shown stabilization at just below 900,000 in recent weeks. Layoffs remain elevated despite some signs of a broader labor-market recovery.
U.S. stocks gains slipped away Wednesday despite the Federal Reserve signaling it was ready to keep interest rates near zero for three more years and unpin the economy even in the face of inflation.