Market Review: May 12, 2021

Closing Recap Wednesday, May 12, 2021 Index Up/Down % Last DJ Industrials -682.09 1.99% 33,587 S&P 500 -89.20 2.15% 4,062 Nasdaq -357.74 2.67% 13,031 Russell 2000 -71.85 3.26% 2,135   Equity Market Recap ·     U.S. stocks sink across the board as inflation data rises to its highest levels in 12-years, renewing concerns that the U.S. economy is running to “hot” and … Read More

Mid-Morning Look: May 12, 2021

Mid-Morning Look Wednesday, May 12, 2021 Index Up/Down % Last   DJ Industrials -185.39 0.54% 34,083 S&P 500 -31.80 0.77% 4,120 Nasdaq -192.58 1.43% 13,197 Russell 2000 -18.72 0.83% 2,188     U.S. stocks sink to start the day following a “hotter” than expected inflation reading as April Consumer Prices (CPI) rises 0.8% vs. est. 0.2% and core CPI MoM … Read More

Morning Preview: May 12, 2021

Early Look Wednesday, May 12, 2021 Futures Up/Down % Last Dow -68.00 0.20% 34,115 S&P 500 -8.25 0.21% 4,137 Nasdaq -50.50 0.37% 13,296     U.S. futures are trending lower ahead of key inflation data at 8:30 AM (and tomorrow) in the form of consumer prices (with producer prices (PPI) data tomorrow), as investors still fearful of rising prices even … Read More

Market Review: May 11, 2021

Closing Recap Tuesday, May 11, 2021 Index Up/Down % Last DJ Industrials -472.21 1.36% 34,270 S&P 500 -36.33 0.87% 4,152 Nasdaq -12.43 0.09% 13,389 Russell 2000 -5.70 0.26% 2,207   Equity Market Recap ·     It was another volatile day on Wall Street as the tech heavy Nasdaq posted a 300-point recovery off the opening session lows (13,108), which had followed a … Read More

Mid-Morning Look: May 11, 2021

Mid-Morning Look Tuesday, May 11, 2021 Index Up/Down % Last   DJ Industrials -471.75 1.36% 34,271 S&P 500 -55.90 1.33% 4,132 Nasdaq -177.94 1.33% 13,222 Russell 2000 -23.13 1.05% 2,189     A rough day for U.S. stock averages, with broad based market selling, but led by further declines in high growth/high multiple technology stocks as markets continue to fear … Read More

Morning Preview: May 11, 2021

Early Look Tuesday, May 11, 2021 Futures Up/Down % Last Dow -210.00 0.61% 34,458 S&P 500 -36.25 0.87% 4,147 Nasdaq -179.50 1.34% 13,177     U.S. stock futures are moving sharply lower, adding to yesterday’s late day slide that saw the Nasdaq drop over 2%, falling below its 100-day moving average support as investors bail on technology-related stocks with lofty … Read More

Market Review: May 10, 2021

Closing Recap Monday, May 10, 2021 Index Up/Down % Last DJ Industrials -32.60 0.09% 34,745 S&P 500 -44.09 1.04% 4,188 Nasdaq -350.38 2.55% 13,401 Russell 2000 -58.93 2.59% 2,212   Equity Market Recap ·     Two vastly different stories being told in equity markets today as the Dow Jones Industrial Average jumped to a record high for the sixth consecutive session (led … Read More

Mid-Morning Look: May 10, 2021

Mid-Morning Look Monday, May 10, 2021 Index Up/Down % Last   DJ Industrials 192.00 0.55% 34,969 S&P 500 -7.68 0.20% 4,224 Nasdaq -205.14 1.49% 13,545 Russell 2000 -12.41 0.55% 2,259     It is a tale of two markets today as the Dow hits another record high, topping the 35K level for the first time and Dow Transports jump over … Read More

Morning Preview: May 10, 2021

Early Look Monday, May 10, 2021 Futures Up/Down % Last Dow 106.00 0.31% 34,792 S&P 500 3.25 0.04% 4,228 Nasdaq -37.50 0.27% 13,672     Another day, another record – with record highs in major averages for the U.S. on Friday carrying over to this morning (more commodity strength as well with massive surges in copper, iron ore, lumber and … Read More

Market Review: May 07, 2021

Closing Recap Friday, May 07, 2021 Index Up/Down % Last DJ Industrials 227.91 0.66% 34,776 S&P 500 30.81 0.73% 4,232 Nasdaq 119.39 0.88% 13,752 Russell 2000 30.21 1.35% 2,271   Equity Market Recap ·     The S&P 500 and Dow Jones Industrial average each made new respective all-time highs today despite the biggest miss in non-farm payrolls since at least 1998. The … Read More