By Keris Lahiff, CNBC What markets do in October could depend on one corner of the tech world. Miller Tabak chief market strategist Matt Maley said chipmaker stocks will act as a leading indicator for which direction markets could break. "The semiconductor group has been an important one for many decades in a leadership sort of way. But in the...
It coulda been worse, but it certainly coulda been better too. The market ended up logging a pretty nice gain last week, but it gave up much of what it had gained earlier in the week, and ended things on a low note. Most of the indices also ended the week on a technical fence, making the start of this...
It coulda been worse, but it certainly coulda been better too. The market ended up logging a pretty nice gain last week, but it gave up much of what it had gained earlier in the week, and ended things on a low note. Most of the indices also ended the week on a technical fence, making the start of this...
By Lizzy Gurdus, CNBC There could be upside in store for the market's worst-performing sector. S&P 500 energy stocks have underperformed the index's 10 other sectors over a range of time frames including in Tuesday's trading session, this week, this month, this year and over the last 12 months. The group has encountered numerous headwinds in 2020, not least of...
Stocks may have logged a gain on Wednesday, but it certainly wasn't the one the bulls wanted. Roughly half of the intraday gain was given back, and the S&P 500 ended up closing right at the 50-day moving average line it had hurdled earlier in the day. And that's not the worst of it. The chart below tells the tale....
Stocks may have logged a gain on Wednesday, but it certainly wasn't the one the bulls wanted. Roughly half of the intraday gain was given back, and the S&P 500 ended up closing right at the 50-day moving average line it had hurdled earlier in the day. And that's not the worst of it. The chart below tells the tale....
By Keris Lahiff, CNBC Some of the most loved stocks on Wall Street have had a rough September. Amazon, PayPal, Alphabet and Facebook — the stocks with the most buy ratings on the Nasdaq 100 — have all fallen by double digits this month as sell-offs brought high-flying momentum names to a halt. For example, Amazon has 44 buy ratings...
Stocks ended the week on a much-needed high note, but keep things in perspective. The week was still a pretty big loser, and even with the gain, all the indices remain below pivotal technical levels. On the flipside, at least all the indices are above some important technical floors. The hardest part here is just waiting for one side or...
Stocks ended the week on a much-needed high note, but keep things in perspective. The week was still a pretty big loser, and even with the gain, all the indices remain below pivotal technical levels. On the flipside, at least all the indices are above some important technical floors. The hardest part here is just waiting for one side or...
There's still a glimmer of hope for stocks, but only a glimmer. All of the major market indices are at or near a major technical floor, with no apparent interest in moving away from that danger. And yet, traders don't seem scared enough yet to say a bottom has already been put in. It's all readily evident on the daily...
