It wasn't as bad as Tuesday's meltdown, but Thursday's tumble sets the stage for trouble. Namely, with today's moderate marketwide losses, all of the major market indices are just a few points away from breaking below key technical floors. Take a look at the daily chart of the S&P 500 below. With Thursday's 45 point, 1.13% loss to close at...
— Starbucks has its investor day on Tuesday and is so far avoiding getting crushed in the market selloff. Can that momentum last? — By Bret Kenwell, TheStreet.com Starbucks (SBUX) is in focus on Tuesday as it's in the middle of its investor day. The shares are down less than 1% on the day, a performance better than that...
Just when it looks like things just might start taking a prolonged turn for the better, WHAM! The S&P 500 fell 4.3% on Tuesday, shattering bullish hopes on clear signs that inflation is anything but tamed. The Fed's tentative plans to raise the Fed Funds Rate by three-quarters of a point are now all but assured, and investors don't like...
Just when it looks like things just might start taking a prolonged turn for the better, WHAM! The S&P 500 fell 4.3% on Tuesday, shattering bullish hopes on clear signs that inflation is anything but tamed. The Fed's tentative plans to raise the Fed Funds Rate by three-quarters of a point are now all but assured, and investors don't like...
— Despite better-than-expected earnings and solid guidance, DocuSign stock remains below a key level — By Bret Kenwell, TheStreet.com DocuSign (DOCU) shares are up nicely but are off from the post-earnings-report high. At last check the shares of the document-security-software provider were up about 11%; at one point they were up 14.5%. The move comes after the stock rallied more...
The market's three-week losing streak finally came to a close last week, in spades. The S&P 500 rallied 3.6% last week, pushing its way back above some key technical resistance lines. Ditto for the NASDAQ Composite. It's hardly an ironclad move, but it's a start. We'll take a look at the move in some detail below. First, though, let's look...
The market's three-week losing streak finally came to a close last week, in spades. The S&P 500 rallied 3.6% last week, pushing its way back above some key technical resistance lines. Ditto for the NASDAQ Composite. It's hardly an ironclad move, but it's a start. We'll take a look at the move in some detail below. First, though, let's look...
— Is Nio a buy after the earnings report? The chart notes a major resistance level. — By Bret Kenwell, TheStreet.com Nio (NIO) investors were hoping for a better reaction to the electric-vehicle company's earnings report, which it issued before the open. The reaction so far? Mixed. The shares fell just over 3% near the open, flipped positive, sported a...
For the first time in a long time, the market logged a gain. The S&P 500 rallied 1.8% on Wednesday, while the NASDAQ Composite snapped a seven-day losing streak with a 2.1% romp. If you think this is evidence that things have taken a longer-term turn for the better though, think again. Today's advance can be chalked up to the...
For the first time in a long time, the market logged a gain. The S&P 500 rallied 1.8% on Wednesday, while the NASDAQ Composite snapped a seven-day losing streak with a 2.1% romp. If you think this is evidence that things have taken a longer-term turn for the better though, think again. Today's advance can be chalked up to the...
