|Day's Range||34.25 - 34.35|
U.S. markets and stock ETFs paused their record rally on Friday after President Donald Trump stated that he had not agreed to any tariff rollbacks. On Friday, the Invesco QQQ Trust (QQQ) was up 0.1%, SPDR Dow Jones Industrial Average ETF (DIA) fell 0.1%, and SPDR S&P 500 ETF (SPY) was flat. “Until we actually see some type of trade deal, the level of uncertainty—which ultimately will translate into volatility in the market—will persist,” Brian O’Reilly, head of investment strategy at the Dublin-based Mediolanum International Funds, told the Wall Street Journal.
U.S. markets and stock ETFs rallied Thursday as investors gained confidence on signs of progress in the U.S.-China trade talks. On Thursday, the Invesco QQQ Trust (QQQ) was up 0.7%, SPDR Dow Jones Industrial Average ETF (DIA) gained 1.0%, and SPDR S&P 500 ETF (SPY) rose 0.5%. All three major benchmarks were trading at record highs on a resilient U.S. jobs market, hopes that the U.S.-China trade deal is progressing and upbeat corporate earnings, the Wall Street Journal reports.
U.S. markets and stock ETFs dipped Wednesday on speculation the long-awaited U.S.-China trade deal could be pushed back until December. On Wednesday, SPDR Dow Jones Industrial Average ETF (NYSEArca: DIA) ...
U.S. markets and stock ETFs maintained their momentum Tuesday on hopes that the U.S. and China could begin rolling back tariffs in a bid to de-escalate a protracted trade war and sign an initial truce. On Tuesday, the Invesco QQQ Trust (QQQ) was up 0.2%, SPDR Dow Jones Industrial Average ETF (DIA) gained 0.3%, and SPDR S&P 500 ETF (SPY) was flat. Investors were hopeful that Washington and Beijing could roll back tariffs as part of the "phase one" pact before President Donald Trump could impose new tariffs scheduled for December 15, the Wall Street Journal reports.
On Monday, the Invesco QQQ Trust (QQQ) was up 0.7%, SPDR Dow Jones Industrial Average ETF (DIA) gained 0.4%, and SPDR S&P 500 ETF (SPY) rose 0.5%. “The sentiment between the two parties has improved from the lows, so we don’t seem to be on the path of semi-permanent escalation,” James Athey, senior investment manager at Aberdeen Standard Investments, told the Wall Street Journal. Further adding to the optimism, Commerce Secretary Wilbur Ross revealed that licenses allowing U.S. companies to sell components to China’s Huawei Technologies Co Ltd would come in “very shortly”.
Each of the yellow buy columns below represents a sector seeing unusually large buying. The slaughter of software seems to be over for now, and tech is seeing continual buying in semiconductors and hardware. Elsewhere in the sectors, every sector save consumer staples and energy saw huge buying.
U.S. markets and stock exchange traded funds rebounded Friday as a strong jobs report and upbeat data out of China assuaged fears over economic growth. On Friday, the Invesco QQQ Trust (QQQ) was up 0.6%, SPDR Dow Jones Industrial Average ETF (DIA) gained 0.9%, and SPDR S&P 500 ETF (SPY) rose 0.8%. According to the Labor Department, data showed the U.S. economy added 128,000 jobs in October, beating out expectations for an addition of 75,000 in payrolls, the Wall Street Journal reports.
The Great Crash of 1929 took place in late October of that year, and its 90th anniversary is a time to recall its lessons for today.
U.S. markets and stock ETFs weakened Thursday on growing doubt that a U.S.-China trade deal will happen any time soon. On Thursday, the SPDR Dow Jones Industrial Average ETF (DIA) fell 0.5% while the SPDR S&P 500 ETF (SPY) dropped 0.3%. Trade fears renewed Thursday on reports that Chinese officials expressed doubts they will achieve a long-standing trade deal with the U.S., according to the Wall Street Journal.
Fed Chairman Jerome Powell said the Fed is not thinking about the composition of its balance sheet, as it remains pre-occupied with figuring out the proper size of its balance sheet.
The S&P 500 notched a new record closing high on Wednesday. U.S. markets and stock ETFs advanced late in the day after the Federal Reserve cut interest rates again but signaled it will hold off any more monetary policy changes for the rest of the year. The Dow Jones Industrial Average rose 116.83 points, or 0.43%, to 27,188.25, the S&P 500 gained 10.04 points, or 0.33%, to 3,046.93 and the Nasdaq Composite added 27.12 points, or 0.33%, to 8,303.98, reports Reuters.
The SPDR Dow Jones Industrial Average ETF (DIA) , the tracking ETF for the Dow Jones Industrial Average, is higher by 1% this month and is flirting with record highs due in large part to a recent surge by Apple (AAPL) . Heading into Wednesday's after-the-bell earnings report, Apple is up almost 14% this month and the stock recently rejoined the $1 trillion market capitalization club, one populated by just itself and Microsoft. In October, Apple is the second-best performer in the Dow, trailing only resurgent UnitedHealth (UNH) .