Closing Recap Friday, September 13, 2024 Index Up/Down % Last DJ Industrials 297.08 0.72% 41,393 S&P 500 30.25 0.54% 5,626 Nasdaq 114.30 0.65% 17,683 Russell 2000 53.06 2.49% 2,182 What a week for U.S. stocks, as major averages did nothing but rally for five straight days, nearly erasing all last week’s … Read More
Mid-Morning Look: September 13, 2024
Mid-Morning Look Friday, September 13, 2024 Index Up/Down % Last DJ Industrials 254.86 0.62% 41,351 S&P 500 20.23 0.36% 5,616 Nasdaq 50.92 0.28% 17620 Russell 2000 38.81 1.82% 2,168 U.S. stocks are rising again on Friday, led by outperformance in Smallcaps, with no weakness all wee kas the S&P 500 and Nasdaq remain on track for a 5th … Read More
Daily Commentary: September 13, 2024
Rumors Of A 50 Basis Point Rate Cut Posted by Pete Stolcers on September 13 www.oneoption.com According to the Wall Street Journal, some former Fed officials are favoring a 50 basis point rate cut next week. PRE-OPEN MARKET COMMENTS FRIDAY – The market erased all of the losses from last Friday’s soft jobs report and it is within striking distance … Read More
Weekly Event Calendar: 09/16/2024 – 09/20/2024
What’s on Tap Weekly Calendar Monday September 16th Economic Calendar: 8:30 AM ET Empire Manufacturing for September Earnings Calendar: Earnings Before the Open: CODA Earnings After the Close: OPTT RFIL VNCE Tuesday September 17th Economic Calendar: 7:45 AM ET ICSC Weekly Retail Sales 8:30 AM ET Retail Sales M/M for August 8:30 AM ET Retail Sales – Less Autos M/M for August … Read More
Morning Preview: September 13, 2024
Early Look Friday, September 13, 2024 Futures Up/Down % Last Dow 71.00 0.17% 41,216 S&P 500 11.25 0.20% 5,613 Nasdaq 14.00 0.07% 19,461 U.S. futures are edging quietly higher, looking to make it a 5th straight day of gains for the S&P and Nasdaq after rallying 5.27% and 3.46% respectively this week so far, as investors erase most … Read More
Market Review: September 12, 2024
Closing Recap Thursday, September 12, 2024 Index Up/Down % Last DJ Industrials 235.33 0.58% 41,097 S&P 500 41.66 0.75% 5,595 Nasdaq 174.15 1.00% 17,569 Russell 2000 25.57 1.22% 2,129 The rally continues! A strong week so far for major averages as the Nasdaq, S&P 500 rise 4 straight days, making the … Read More
Mid-Morning Look: September 12, 2024
Mid-Morning Look Thursday, September 12, 2024 Index Up/Down % Last DJ Industrials -35.80 0.09% 40,823 S&P 500 11.35 0.20% 5,565 Nasdaq 72.16 0.42% 17,468 Russell 2000 -0.81 0.04% 2,103 U.S. stocks holding strong following yesterday’s amazing rebound, as this morning’s producer price index (PPI) and European Central Bank policy meeting results offered few surprises. The Philly semi-index (SOX) … Read More
Daily Commentary: September 12, 2024
Market Focused On Rate Cut Posted by Pete Stolcers on September 12 www.oneoption.com Buyers are scooping up these dips ahead of the FOMC next week. PRE-OPEN MARKET COMMENTS THURSDAY – Yesterday the market probed for support once more and it staged an incredible reversal that fueled a move back above the 50-day MA. The CPI was in line with expectations … Read More
Morning Preview: September 12, 2024
Early Look Thursday, September 12, 2024 Futures Up/Down % Last Dow 84.00 0.21% 40,099 S&P 500 11.50 0.21% 5,572 Nasdaq 34.50 0.18% 19,305 U.S. futures are pointing to a higher open ahead of the European Central Bank (ECB) meeting and the August producer price inflation (PPI) data at 8:30 AM, looking to build on the greatest individual turnaround … Read More
Market Review: September 11, 2024
Closing Recap Wednesday, September 11, 2024 Index Up/Down % Last DJ Industrials 124.75 0.31% 40,861 S&P 500 58.61 1.07% 5,554 Nasdaq 369.65 2.17% 17,395 Russell 2000 6.41 0.31% 2,103 Wall Street witnessed another astounding stock market rally following early weakness, as stock market “dips” continue to get bought and investors continue … Read More