Market Review: May 17, 2024

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Closing Recap Friday, May 17, 2024 Index Up/Down % Last DJ Industrials 134.21 0.34% 40,003 S&P 500 6.17 0.12% 5,303 Nasdaq -12.36 0.07% 16,685 Russell 2000 -0.74 0.04% 2,095                   After a strong start to the week, with stocks pushing to new all-time high Wednesday following tamer inflation readings and softer growth … Read More

Mid-Morning Look: May 17, 2024

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Mid-Morning Look Friday, May 17, 2024 Index Up/Down % Last DJ Industrials 40.04 0.10% 39,908 S&P 500 4.86 0.09% 5,301 Nasdaq 18.63 0.111% 16,717 Russell 2000 -0.51 0.02% 2,095     U.S. stocks doing a whole lot of nothing to close out the week, trading in a narrow range and little changed from yesterday close as the S&P 500 (SPX) … Read More

Weekly Event Calendar: 05/20/2024 – 05/24/2024

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What’s on Tap Weekly Calendar   Monday May 20th Economic Calendar:  8:45 AM ET                  Fed’s Bostic Gives Welcome Remarks 9:00 AM ET                  Fed’s Barr Gives Keynote Remarks 7:00 PM ET                   Fed’s Bostic Moderates Keynote Remarks Earnings Calendar: Earnings Before the Open: NTWK STRR Earnings After the Close: BEEM KEYS NDSN PANW TRNS ZM Other Key Events: Goldman Sachs Global Semiconductor Conference, 5/19-5/20, in … Read More

Morning Preview: May 17, 2024

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Early Look Friday, May 17, 2024 Futures Up/Down % Last Dow -12.00 0.03% 39,998 S&P 500 -2.00 0.04% 5,318 Nasdaq 8.50 0.05% 18,658     After big market swings to start the week, pushing major averages to all-time highs for the Dow, S&P and Nasdaq, overnight futures are flat to little changed ahead of today’s option expiration. Softer CPI, PPI … Read More

Market Review: May 16, 2024

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Closing Recap Thursday, May 16, 2024 Index Up/Down % Last DJ Industrials -38.62 0.10% 39,869 S&P 500 -11.05 0.21% 5,297 Nasdaq -44.07 0.26% 16,698 Russell 2000 -13.70 0.64% 2,095                   More intraday record highs for major U.S. averages, as the Dow, S&P and Nasdaq saw early gains but failed to hold, slipping … Read More

Mid-Morning Look: May 16, 2024

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Mid-Morning Look Thursday, May 16, 2024 Index Up/Down % Last DJ Industrials 85.31 0.21% 39,993 S&P 500 9.79 0.18% 5,317 Nasdaq 27.19 0.17% 16,770 Russell 2000 -7.36 0.36% 2,101     U.S. stocks holding at or near record highs, taking a breather following a monster run the first two-weeks of May, as investors digest a round of mixed economic data … Read More

Morning Preview: May 16, 2024

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Early Look Thursday, May 16, 2024 Futures Up/Down % Last Dow 11.00 0.03% 40,050, S&P 500 1.75 0.03% 5,334 Nasdaq 26.25 0.14% 18,718     Another day, another record for major averages, with U.S. futures pointing to modest gains after surging on Wednesday behind tamer inflation and weaker retail sales. The Dow Jones Industrial Average, Nasdaq Composite, and S&P 500 … Read More

Market Review: May 15, 2024

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Closing Recap Wednesday, May 15, 2024 Index Up/Down % Last DJ Industrials 349.89 0.88% 39,908 S&P 500 61.47 1.17% 5,308 Nasdaq 231.21 1.40% 16,742 Russell 2000 23.77 1.14% 2,109                   US equities trended flattish overnight ahead of this morning’s all-important CPI reading. Core mo/mo and yr/yr readings matched expectations and, along with softer … Read More

Mid-Morning Look: May 15, 2024

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Mid-Morning Look Wednesday, May 15, 2024 Index Up/Down % Last DJ Industrials 144.44 0.37% 39,701 S&P 500 29.61 0.57% 5,276 Nasdaq 98.98 0.61% 16,611 Russell 2000 11.63 0.55% 2,097     U.S. stocks hitting all-time highs for the S&P 500 and Nasdaq, as the SPY rises for a 10th straight day after the April Consumer Price Index (CPI) was reported … Read More

Daily Commentary: May 15, 2024

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Inflation Slowing – Don’t Chase This Gap Up Posted by Pete Stolcers on May 15 www.oneoption.com The S&P 500 traded to a new all-time high after the CPI was released. Be careful. PRE-OPEN MARKET COMMENTS WEDNESDAY – We expected a big market rally in November and we rode that move hard through March. The market momentum waned and we took … Read More