Weekly Market Overview The stock market performed strongly this week. The S&P 500 rose by 4.6%, exiting correction territory, and increased by 10.9% from its April 8 low of 4,982.77. The Nasdaq Composite saw a 6.7% jump, while the Dow Jones Industrial Average gained 2.5%. Market Dynamics Early in the week, stocks fell due to…
Market Rebound The stock market made a strong rebound today, recovering all of yesterday’s losses and more. The initial gains had no specific news catalyst, but the situation changed in the early afternoon. Bloomberg reported that Treasury Secretary Bessent expects a de-escalation in the China tariff situation, sparking hope for a resolution to the U.S.-China…
In a recent viral X post, Elon Musk brought back to discussion about Bill Gates (Trades, Portfolio)’ short position against Tesla (TSLA, Financial) as a potential cause of bankruptcy for the Microsoft’s co-founder. Traced back, in Walter Isaacson’s 2023 biography of Elon Musk, it is written that Bill Gates (Trades, Portfolio) undisclosed his short position…
Market Overview The major indices closed with losses: S&P 500 decreased by 0.5%, Nasdaq Composite fell by 0.7%, and Dow Jones Industrial Average dropped by 0.5%. The Russell 2000 underperformed, declining by 1.3%. The market showed a downside bias, with decliners outnumbering advancers by a 3-to-1 margin at the NYSE and a 5-to-2 margin at…
Market Performance on Election Day The stock market experienced substantial gains on Election Day. The S&P 500 increased by 1.2%, the Nasdaq Composite rose by 1.4%, the Dow Jones Industrial Average climbed 0.4%, and the Russell 2000 advanced 1.9%. This upward movement was driven by a rise in the ISM Services PMI for October, signaling…