Major indexes caught their breath in the stock market today, accepting small losses after galloping strongly the prior session, sparked by an encouraging report on U.S. consumer prices. Meanwhile, Taiwan Semiconductor (TSM) and Broadcom (AVGO) led the upside after the former announced solid quarterly revenue. Taiwan Semi — one of the largest tech firms in…
Profit taking was the early priority in the stock market today, as sellers came into Magnificent Seven stocks after the Nasdaq topped 20,000 for the first time in history the prior day. Adobe (ADBE) got hammered on quarterly results. But other techs and telecom gear firms excelled. While Adobe slumped more than 10%, highly rated…
Put that “Nasdaq 20,000” hat in the drawer for now. The stock market decided on Monday that taking profits was on order for the day. The Nasdaq headed into Monday’s action with three straight weekly gains on its belt. On Monday morning, it eked out an all-time high of 19,872 before reversing. Thus, a 0.6%…
Stock market bears proved to remain in short supply Monday, with some key indexes refreshing their new-high marks to kick off the final month of trading in 2024. The Nasdaq composite clearly led with a 1% lift to 19,403, ending not far from its session high of 19,436 and at an all-time closing high. At…
Well, it’s over. Rather than dragged out results with an unknown winner, the 2024 presidential election had a declared winner before the market opened the day after voting ended. The postelection rally was astounding. But before victory is completely declared for the market, Katie Stockton, founder of Fairlead Strategies and portfolio manager of the Fairlead…
Does the stock market in the final quarter of 2024 belong to the New York Stock Exchange? When you just look at Monday’s action among the major indexes, it’s hard to make this argument. The Nasdaq composite, up almost 0.9% on Monday, exceeded a 0.5% rise by its peer, the NYSE composite index. Megacap techs…
Stocks got off to a weak start and remained in the red until the closing bell Thursday as investors confronted data that showed inflation in September came in a bit hotter than predicted and an unexpected rise in initial weekly jobless claims. But selling softened on the stock market today as losses for the three…