Market Update 2018 Archives

 

Market Update - Thursday 02/08/18 4:00 PM EST

It is getting truly nasty on Wall Street. The selling accelerated today, sending stocks down, and down, and then down some more. The DJIA plunged 1,032 points (4.2%) and the NASDAQ cratered 275 points (3.9%).

The infamous "technical indicators" are indicating the markets are very oversold on a short-term basis, but in a full-fledged bear market there's very little to stop them from getting even more oversold before a bounce. But what do we know. All that we can say is in a bear market, "expect the unexpected."

Stay tuned, Friday will no doubt be another very volatile day!

 

Market Update - Wednesday 02/07/18 4:00 PM EST

It was another wild whiplash day on Wall Street, As stocks zigged and zagged all over the place to end modestly lower.

The DJIA were higher by 381 points in early afternoon, only to plunge all the way down into negative territory for the day. The DJIA ended down 19 points (0.1%). The NASDAQ sank 64 points (0.9%).

Stay tuned, Thursday will no doubt be another very volatile day!


Market Update - Tuesday 02/06/18 4:00 PM EST

"Whiplash!" That's the only way to describe the wildly volatile trading action on Wall Street today.

The DJIA opened down more than 500 points, but quickly reversed and bounced all over the place before finally zooming higher into the close, ending up 567 points (2.3%). The NASDAQ jumped 148 points (2.1%).

Though today's rally was impressive, it barely retraced half of Monday's mini-crash.

Stay tuned, Wednesday will no doubt be very volatile again!

 
 

Market Update - Monday 02/05/18 4:00 PM EST

On Friday we said:

"Stay tuned, Monday has the potential to be very ugly!"

Ugly indeed, as panic selling started to set in.  The markets slid sharply at the open, and kept on sliding. There were a few failed rally attempts during the day, but clearly the bears have arisen from their very long hibernation.

The "good" news is that the DJIA closed down "only" 1,175 points (4.6%) It had been down almost 1,600 points about an hour before the close.  The NASDAQ ended down a stunning 273 points (3.8%).

And the proverbial Fat Lady isn't signing yet. The DJIA futures are down another 375 points at 5:00 PM EST. Wall Street's worries are extending to Asia, as the Nikkei 225 futures are down 8% ahead of Tuesday's open.

Stay tuned, Tuesday has the potential to be very ugly again!
 
 

Market Update - Friday 02/02/18 4:00 PM EST

Concerns about rising interest rates and perhaps the now infamous FISA Memo sent US stocks plunging, in the largest drop in several years.The DJIA mini-crashed a devilish 666 points (2.5%) and the NASDAQ got rocked by 145 points (2.0%).

Stay tuned, Monday has the potential to be very ugly!
 

Market Update - Thursday 02/01/18 4:00 PM EST

US stocks traded mixed in a relatively narrow range, following yesterday's faded rally. The DJIA closed up 37 points (0.1%) and the NASDAQ dropped 29 points (0.4%).

Stay tuned!
 

Market Update - Wednesday 01/31/18 4:00 PM EST

US stocks opened broadly higher following Tuesday's sharp sell-off, but the bounce faded badly into the close, cutting the day's gains. Up by more than 250 points early in the day, the DJIA closed up 72 points (0.3%) and the NASDAQ added 9 points (0.1%).

Stay tuned!


Market Update - Tuesday 01/30/18 4:00 PM EST

US stocks plunged today, rocked by nervousness about Federal Reserve interest rate policy and Donald Trump's State of the Union address. The DJIA sank 362 points (1.4%) and the NASDAQ tanked 63 points (0.9%).

Stay tuned!


Market Update - Monday 01/29/18 4:00 PM EST

OMG! Call the Wall Street Journal! Or maybe the National Enquirer! US stocks actually fell for the day! The DJIA dropped 177 points (0.7%) and the NASDAQ tanked 39 points (0.5%).

Stay tuned!


Market Update -Tuesday 01/16/18 4:00 PM EST

US stocks rallied strongly at the open, only to turn straight down from there. The DJIA soared 250 points to above 26,000, and then slid all the way  to close 10 points lower (0.1%) on the day. The NASDAQ jumped 60 points and then plunged 100 points, to close down 37 points (0.5%) on the day.

Stay tuned!
 

Market Update -Monday 01/15/18 4:00 PM EST

US markets are closed today in honor of the Dr. Martin Luther King holiday.

 

Market Update -Friday 01/05/18 4:00 PM EST

US stocks continued the rally into the new year with another strong day to record highs. The DJIA soared 221 points (0.9%) to 25,297 and the NASDAQ jumped 59 points (0.8%).

Stay tuned!
 
 

Market Update -Thursday 01/04/18 4:00 PM EST

US stocks continued the rally into the new year with another strong day to record highs. The DJIA jumped another 152 points (0.6%) to 25,075 and the NASDAQ added 12 points (0.2%).

Stay tuned!
 
 

Market Update -Wednesday 01/03/18 4:00 PM EST

US stocks continued the rally into the new year with another strong day. The DJIA added 98 points (0.4%) and the NASDAQ also jumped 58 points (0.8%).

Stay tuned!
 

Market Update -Tuesday 01/02/18 4:00 PM EST

US stocks opened the new trading year pretty much when it left off, strongly to the upside. The DJIA added 105 points (0.4%) and the NASDAQ also jumped 105 points (1.5%).

Stay tuned!
 

Market Update - Monday 01/01/18
US and most world markets are closed today in celebration of the new year.

Market Update - Friday 12/29/17 4:00 PM EST

US stocks ended the very strong year with a moderate down day. The DJIA dropped 118 points (0.5%) and the NASDAQ tanked  47 points (0.7%).

Stay tuned!
 


Happy New YEar





 

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