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But Hong Kong’s Hang Seng fell 1.5, as investors may have wanted bigger cuts or other stimulus. Options trading entails significant risk and is not appropriate for all investors. Option investors can rapidly lose the value of their investment in a short period of time and incur permanent loss by expiration date. Losses can potentially exceed the initial required deposit. You need to complete an options trading application and get approval on eligible accounts. Please read the Characteristics and Risks of Standardized Options before trading options.
- Dow Jones futures fell slightly Tuesday morning, along with S&P 500 futures and Nasdaq futures, returning after a holiday weekend.
- The small-cap Russell 2000 climbed 0.5%, well off weekly highs.
- But with the Nasdaq extended, the odds of a market pullback are elevated in the short term.
The video embedded in the article reviewed the market action over the past week and analyzed McKesson, Chipotle and AMD stock. MCK stock was added to SwingTrader on Friday, joining Boeing and FND stock. Nvidia (NVDA) hit a fresh record high Friday, surging 10% for the week.
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It’s an important pivot since the benchmark hasn’t closed above that level since April 2022, although it ventured beyond the mark two times over the past few weeks. She cautioned that the Fed will continue being data dependent and incoming information can change the bank’s projections. “We likely to need a couple more rates hikes over the course of this year to really bring inflation back,“ Daly said at an event hosted by the Brookings Institution Hutchins Center Monday. Cleveland Fed President Loretta Mester and the San Francisco Fed’s Mary Daly followed with commentary that supported further rate hikes this year. Retail traders increased their net exposure to equities in June as U.S. stocks climbed, according to broker TD Ameritrade on Monday.
Gristedes CEO John Catsimatidis explained when Americans will see a break at the supermarket. You can consider taking partial profits in big winners, either on the way up or as they cross below their 10-day lines. That will depend on the size of your individual positions and overall exposure, your conviction in various holdings and your own investing style. Market breadth was weak Friday, but has improved significantly in the past few weeks. The SPDR S&P Regional Banking ETF (KRE) fell 0.9% after big gains since early May.
Investors should consider their investment objectives and risks carefully before investing. Webull Financial LLC is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). An explanatory brochure is available upon request or at Our clearing firm, Apex Clearing Corp., has purchased an additional insurance policy.. When a market pause or pullback takes hold, you’ll want to keep a close eye on stocks finding key support or consolidating around buy points. So run your screens this long weekend to keep track of the wide array of leaders and potential leaders. BYD stock edged down 0.6% to 68 last week, just above its 10-week line.
Cleveland Fed’s Mester Supports Further Rate Hikes
Meta Platforms (META) marked a 16-month best before closing a fraction lower on Friday. Tesla (TSLA), after two tiny losses ended a record 13-day win streak, rose to a fresh eight-month high Friday. The company, in a filing on Friday, announced a five-year revolving credit facility of up to $750 million with JPMorgan Chase, which will be used to finance expenses, investments and more. The fashion house also confirmed to Barron’s its plans to showcase its latest collection on Sept. 8 at New York Fashion Week alongside other luxury designer brands. Russian lenders underwent the largest cash demand since fall of 2022, according to the country’s central bank. Thank you for your kind words and your timereviewing our work.
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Dow Jones futures fell slightly Tuesday morning, along with S&P 500 futures and Nasdaq futures, returning after a holiday weekend. On June 30, on an intraday basis, the index traded as high as 4,458.48 and hit 4,456.46 on July 3. But on both days, it closed below the resistance level and has retreated the rest of the week. The S&P 500 is trying to break through the level of 4,455.
Retail Traders Jumped Into The Market. Sold Tesla, Nvidia
Inflation dropped to 3% in June, marking the lowest inflation reading the economy has seen since 2021. The de-dollarization movement has gathered steam this year, but don’t expect any other currency to supplant the greenback anytime soon.
The stock market rally showed strong, broad action last week, running past a surprisingly hawkish Federal Reserve. That raises confidence in the uptrend’s longer-term prospects. But with the Nasdaq extended, the odds of a market pullback are elevated in the short term. Friday may have reflected the start of a slide, but it wasn’t much of one.
A pullback could create new buying opportunities in leading stocks, many of which are currently far extended from any entry. But in the short run, investors should be cautious about making new purchases, especially in hot tech areas. A $0.55 per contract fee applies for certain options trades. Ideally, the Nasdaq would pause or give ground grudgingly in light volume, letting moving averages catch up. That would let leading stocks take a break, perhaps retreating to the 21-day or 10-week lines or even forging new bases.
US stocks jump as investors cheer lowest inflation reading in over 2 years
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Running the NYSE demands unique leadership qualities, oversight of advanced data and technology, and the ability to preside over live broadcast events. NYSE President Lynn Martin takes the reins of an exchange off back-to-back record years for new listings and one positioned for a future where every company is a technology company. https://g-markets.net/helpful-articles/top-15-trading-education-blogs-news-websites-to/ On Wednesday, the major indexes showed resilience in the face of a surprisingly hawkish Fed, then powered higher Thursday. The S&P 500 and Nasdaq hit fresh 52-week bests while the Dow Jones set new 2023 highs. SNN stock jumped 6.9% to 32.16 last week, clearing a trendline in a flat base that’s part of a base-on-base formation.
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- Stocks rallied last week in no small part because investors simply don’t believe that the Fed will raise rates two more times.
- But Hong Kong’s Hang Seng fell 1.5, as investors may have wanted bigger cuts or other stimulus.
- Friday may have reflected the start of a slide, but it wasn’t much of one.
- U.S. stock markets were closed Monday for the Juneteenth holiday, but other exchanges around the world were open.
- On Wednesday, the major indexes showed resilience in the face of a surprisingly hawkish Fed, then powered higher Thursday.
The benchmarks have moved in a narrow range after starting the day in green. Securities trading is offered to self-directed customers by Webull Financial LLC, a broker dealer registered with the Securities and Exchange Commission (SEC). Get this delivered to your inbox, and more info about our products and services. The Fed could rapidly cut interest rates if higher borrowing costs threaten to push the US into recession, PIMCO’s former chief economist said.
Investors also may want to save their powder for post-pullback buying opportunities in big tech winners. The Invesco S&P 500 Equal Weight ETF (RSP) popped 2.5% to 148.83, barely falling on Friday. The First Trust Nasdaq 100 Equal Weighted Index ETF (QQEW) advanced 3.2% last week. Reflecting stocks with more speculative stories, the ARK Innovation ETF (ARKK) rallied 4.2% last week and ARK Genomics (ARKG) leapt 3.9%. Tesla stock is the No. 1 holding across Ark Invest’s ETFs.
Investors will be looking ahead to the release of the consumer price index, which is due on Wednesday. They will be searching for any indication about the health of the wider economy as the Fed sticks to its guidance that two more rate hikes will be needed this year to fight inflation. Our clearing firm Apex Clearing Corp has purchased an additional insurance policy. The coverage limits provide protection for securities and cash up to an aggregate of $150 million, subject to maximum limits of $37.5 million for any one customer’s securities and $900,000 for any one customer’s cash. Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities.
Latest On Dow Jones Industrial Average
Fed chief Jerome Powell could take a more hawkish tone before Congress this week after his relatively dovish comments last Wednesday. Depending on how mild or widespread the pullback is, quality stocks from outside the tech sphere could break out or at least hold up. Medical products, industrials, restaurants, travel and various housing-related plays are doing well, including Boeing, SNN, CMG, MAR and FND. CMG stock dipped 0.4% to 2,032.92 in low volume, trading at its 21-day line with the 10-week line catching up. Chipotle has a four-weeks-tight pattern with a 2,139.88 official buy point. That pattern could turn into a flat base in another week.