Last week, the US Personal Consumption Expenditure (PCE) Price index edged up to 0.1% month-over-month for June 2024. It follows a flat reading in May, with the June increase in line with forecasts. Within June’s rise, prices for services increased 0.2%, while the cost of goods decreased 0.2%. When food and energy prices are [...]
Monday: Markets started on a high note with technology shares leading the charge following President Biden's announcement of not seeking reelection. The Dow increased by 0.3%, the S&P 500 rose by 1.1%, and the Nasdaq saw a significant jump of 1.6%. Tuesday: Investors took a cautious stance, resulting in a slight retreat across the [...]
Written by: Angela Akers Investors went into July with the intent to buy stocks. The Major Indices and the Price of the VVC were rising nicely in the first couple weeks of the month, with the DJI adding 2.79%, the S&P500 rising 3.13%, the Nasdaq picking up 4.17% and the Price of the VectorVest [...]
Investing in the stock market can be daunting, especially for those with limited experience. But with the right tools and knowledge, some of us can navigate the complexities of the market and potentially see significant returns. Powerful tools that can track a vast number of stocks and provide key indicators to help investors make informed [...]
Monday: The week started on a high note with anticipation of potential interest rate cuts this year, leading to gains across major indices. The Dow rose by 0.5%, the S&P 500 by 0.3%, and the Nasdaq by 0.4%. Tuesday: Sentiment was further boosted by strong earnings from Morgan Stanley and UnitedHealth, with the Dow [...]
Written by: Angela Akers Second quarter earnings season began last Friday in typical fashion with JPMorgan Chase, Citigroup and Wells Fargo releasing earnings first. The good news, all beat expectations on both the top and bottom lines. The bad news, net interest income, a measure of lending profits, fell for both Citigroup and Wells [...]
At the time of writing, the crude oil market - like many other markets around it - is highly volatile thanks to the uncertain economic backdrop within which we currently live. At the moment, the world is characterized by a number of short term influences that are impacting the prices of many asset classes [...]
Monday: The trading week began on a cautious note with mixed market performance as investors braced for Federal Reserve Chair Jerome Powell's upcoming testimony to Congress. The Dow slightly declined by 0.1%, while the S&P 500 edged up by 0.1%, and the Nasdaq saw a modest increase of 0.3%. Tuesday: Markets continued to display [...]
Artificial Intelligence (AI) has become the buzzword of the decade, promising to revolutionize industries and drive unprecedented productivity gains. However, as the excitement around AI continues to build, so does the concern about a potential AI bubble. For retail investors looking to capitalize on this technological revolution, understanding the current landscape, potential risks, and [...]
Monday: Last week kicked off with a positive trend, primarily led by gains in the technology sector. The Dow edged up by 0.1%, the S&P 500 saw a 0.3% increase, and the Nasdaq experienced a notable rise of 0.8%. Tuesday: Market conditions remained favorable as investors digested recent comments from Federal Reserve Chair Jerome [...]
