That was impressive. The S&P 500 soared 3.8% last week, logging the biggest weekly gain since August. As far as forward progress goes though, this is the last way you'd like to see in unfurl. Not only are there several gaps left to fill in (with pullbacks), volume on the way up was light, and waned with each day's progress....
That was impressive. The S&P 500 soared 3.8% last week, logging the biggest weekly gain since August. As far as forward progress goes though, this is the last way you'd like to see in unfurl. Not only are there several gaps left to fill in (with pullbacks), volume on the way up was light, and waned with each day's progress....
By Lizzy Gurdus. CNBC The small-cap rally is gaining steam. As of Thursday, the Russell 2000 was up almost 6% week to date versus a nearly 3% gain for the S&P 500. Though small caps are underperforming the S&P year to date, they have begun to outpace the large-cap index in the last month. Fueling the move is "a rotation...
By Keris Lahiff, CNBC Onetime high flyer Lululemon has run into trouble over the past month. The stock has fallen 17% from a Sept. 2 high with losses accelerating even after an earnings report that topped analysts' estimates. The stock remains more than 40% higher for the year. Todd Gordon, founder of TradingAnalysis.com, says strong demand should help Lululemon recapture...
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....
