We knew the market’s persistent gains were getting a bit long on the tooth, leaving stocks vulnerable to a setback. What was a bit surprising was how quickly and dramatically it happened. Starting with Thursday’s unprompted intraday pullback from a new record high that bled into the sizable selloff following Friday morning’s jobs report for July, things changed in an...
We knew the market’s persistent gains were getting a bit long on the tooth, leaving stocks vulnerable to a setback. What was a bit surprising was how quickly and dramatically it happened. Starting with Thursday’s unprompted intraday pullback from a new record high that bled into the sizable selloff following Friday morning’s jobs report for July, things changed in an...
Picking up where they left off a week ago, the bulls drove stocks to yet-another record high. It wasn’t a thrilling move. All told, the S&P 500 advanced another 1.5%. In light of the huge runup from April’s low though, any further gains from here are impressive. There’s also room for more upside, and more reason to expect it. There’s...
Picking up where they left off a week ago, the bulls drove stocks to yet-another record high. It wasn’t a thrilling move. All told, the S&P 500 advanced another 1.5%. In light of the huge runup from April’s low though, any further gains from here are impressive. There’s also room for more upside, and more reason to expect it. There’s...
The brief pause in the bigger-picture rally from a couple weeks back ended up not meaning much. Stocks rekindled the rally last week, logging gains that were healthy even if not explosive. The S&P 500 advanced to the tune of 0.5%, while the NASDAQ Composite added 1.5% to its value. And yet, with those moves, both indexes are now toying...
The brief pause in the bigger-picture rally from a couple weeks back ended up not meaning much. Stocks rekindled the rally last week, logging gains that were healthy even if not explosive. The S&P 500 advanced to the tune of 0.5%, while the NASDAQ Composite added 1.5% to its value. And yet, with those moves, both indexes are now toying...
Stocks basically ended last week where they ended the previous week, calling the then-red-hot rally into question. But, don’t be too quick to jump to conclusions. The market had been through a pretty big two-week gain, extending an unusually big gain from April’s low. It deserved to take a breather, and that’s all this may be. We’re far from being...
Stocks basically ended last week where they ended the previous week, calling the then-red-hot rally into question. But, don’t be too quick to jump to conclusions. The market had been through a pretty big two-week gain, extending an unusually big gain from April’s low. It deserved to take a breather, and that’s all this may be. We’re far from being...
Picking up where they left off the prior week, the bulls logged another win, carrying stocks to yet-another record level. The S&P 500 advanced to the tune of 1.7% for the four-day, holiday-shortened stretch. The NASDAQ jumped 1.6%, also reaching a new high in the process. That still doesn’t mean the market is destined to continue marching higher from here,...
Picking up where they left off the prior week, the bulls logged another win, carrying stocks to yet-another record level. The S&P 500 advanced to the tune of 1.7% for the four-day, holiday-shortened stretch. The NASDAQ jumped 1.6%, also reaching a new high in the process. That still doesn’t mean the market is destined to continue marching higher from here,...
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