Up out of the gate, technology stocks then stall
What to make of this morning’s action in the technology and financial sectors? The two sectors raced ahead right after the opening bell, helping drive the Standard & Poor’s 500 to an early 0.5% gain. But that gain quickly faded as these...
Lots of sloshing but no real direction
It’s pretty clear that no one wants to exit this market. The indexes aren’t going much of anywhere–the Standard & Poor’s 500 was off just 0.05% at the close today–even as some sectors, such as energy in the early part of this week,...
Tech slide continues, casting doubt on “buy on the dip” strength
Anyone who bought technology stocks on the dip last Friday and Monday is feeling unhappy today. And that spells a worried market. Especially since key stocks in the sector such as Apple (AAPL) and Amazon (AMZN) are showing signs of breaking through important support....
Tech stocks down again but not a replay of Friday rout
Set off, or certainly encouraged, by a downgrade of Apple (AAPL) to neutral from buy at Mizuho Securities, tech stocks continued Friday’s retreat. But the speed of the drop has been much more measured during the first half of the trading day in New York. The...
Another down day for U.S. stocks–consensus still saying that’s a good thing
U.S. stocks closed slightly lower again today, making this week three for three on the down side. The Standard & Poor’s 500 stock index was off by 0.2% at the close and the Dow tripped lower by 0.33%. The Russell 2000 small company index was down 0.64%. But...Jim’s Daily Email Alerts:
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