The stock market once again plunged Friday, with the NASDAQ suffering its worst monthly loss since October of 2008, losing -13.26%. In addition, the DOW and S&P 500 both finished April in the negative, with losses standing at -4.91% and -8.80%, respectively.
On a daily level, the NASDAQ lost -4.17% to close at 12,334.64. The S&P 500 retreated by -3.63% to 4,131.93, and the DOW shed 939.18 points, or -2.77%, to end the week at 32,977.21.
The stock market plunged on Friday, with the DOW suffering its worst one-day loss since the beginning of the pandemic falling 1,019.00 points at its lowest point.
The DOW fell 981.36 points, or -2.8%, to finish at 33,811.40, its worst day since 2020. The S&P 500 was down -2.8% at 4,271.78, for its lowest day since March, and the NASDAQ fell -2.6% to end the week at 12,839.29.
On a weekly level, the DOW closed the week with a fourth straight weekly loss standing at -1.9%. The S&P 500 and NASDAQ were not far behind, posting weekly losses for the third straight week, with each index losing -2.8% and -3.8%, respectively. Continue reading "DOW Plunges More Than 900 points"→
The stock market finished the week in the negative as traders braced for tighter monetary policy from the Federal Reserve. The S&P 500 finished the week just below its 200-day MA, which could signal a move lower if it opens below that level on Monday and makes a move lower. In addition, the red weekly Trade Triangle levels are considerably closer heading into next week, which would mean a leg lower would be in the cards if they are triggered.
The DOW rose 137.55 points or +0.40% to close at 34,721.12. The S&P 500 fell -0.27% to 4,488.28, and the NASDAQ collapsed, losing -1.34% to end the week at 13,711.00.
All three major indexes finished in the red for the week, with the NASDAQ leading the way with a loss of -3.85%, its first weekly loss in four weeks. The DOW lost -0.27%, and the S&P 500 wrapped up a disappointing week with a loss of -1.26%. Continue reading "Is The Bear Market Rally Over?"→
The first quarter of 2022 was the worst first quarter since 2020 in the stock market. The DOW and S&P 500 closed down -4.57% and -4.95%, respectively, and the NASDAQ lost -9.10%. Some of the contributing factors to this rough quester were the start of a rate hiking cycle from the Federal Reserve, high inflation, and Russia's invasion of Ukraine.
The major indexes made a late-session rally to close out the week, with the DOW adding 139.92 points or +0.40% to close at 34,818.27. The S&P 500 rose +0.34% to 4,545.86, while the NASDAQ gained +0.29% to end the day at 14,261.50.
The stock market ended the week higher for its best week in over a year. But the question is, is this just a bear market rally, or have we seen the bottom and its blue skies ahead?
The DOW rose 274.17 points or +0.80% to close at 34,754.93, its fifth day of gains to close out the week. The S&P 500 gained +1.17% to reach 4,463.12, and the NASDAQ added 2.05% to end the day at 13,893.84. Both indexes surged for a fourth consecutive day.
On a weekly level, the S&P 500 notched a +6.16% gain, the DOW posted a weekly gain of +5.50%, and the NASDAQ outperformed with a monster gain of +8.18%. These gains helped the indexes post their best week since November of 2020. Continue reading "Bear Market Rally Or Something Else?"→
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