(Justin Vaughn, Editor, Options Trading Report) The Dow Jones Industrial Average gave up nearly 700 points Friday, while the S&P 500 saw its 2025 gain evaporate, down 1.5%. The Nasdaq was off an alarming 1.6%. The market was closed Thursday in honor of the passing of President Jimmy Carter. The 10-year Treasury yield hit its highest point since 2023 touching a 14 month peak and finishing at 4.784%. Even the 30-year crested 5%, closing at … Read more…
(Justin Vaughn, Editor, Options Trading Report) Friday’s market perked up, maybe Santa stuck around? After five days of roller-coaster indexes, the market came alive, with all three indexes on an upward track. The S&P 500 had the best day in nearly a month, up 1.8%. The lethargic Dow Jones Industrial Average surged 340 points, up 0.8%. The tech-loaded Nasdaq Composite was up 1.8% as the shortened week closed on a positive note. Stockholders, analysts, economists … Read more…
(Justin Vaughn, Editor, Options Trading Report) Stocks soared in 2024…with the indexes marching to record yearly highs. The S&P 500 finished up 24% (with “57 record closes”), with the Dow Jones Industrial Average gaining 14%. The heavy-tech Nasdaq Composite soared a dazzling 31%, reflecting its powerful make-up of the Magnificent 7, chip and AI stocks as the exchange, after a few hiccups, continued moving upward. The Russell 2000 (the forgotten index, made up of smaller … Read more…
(Justin Vaughn, Editor, Options Trading Report) Stocks begged for a rate cut … and Mr. Powell obliged, and the week closed on a high note. The benchmark Dow Jones Industrial Average jumped 498 points Friday ending a 10 day stretch of falling. Blue chips and value stocks were the focus Friday, as investors and traders looked for stalwart investments. The S&P 500 and the Nasdaq Composite managed to rise above flatline, up 1.1% and 1% … Read more…
(Justin Vaughn, Editor, Options Trading Report) Friday’s DowJones fell again…the seventh session in a row, as stocks retreated in every sector, weakening the benchmark index. The tech-driven Nasdaq Composite finished near the flatline, while the S&P 500 was lower. The Bond Market trended upward, picking up a quarter percentage point for the week at 4.398%, edging up since the election.. “We’ve had a big run up but now interest rates are pushing up and people … Read more…
(Justin Vaughn, Editor, Options Trading Report) After a blistering pace in the first 11 months this year the sizzling hot S&P 500 is up a record 28%, beating all expectations of economists and market gurus. Can the markets continue the rest of the year and into 2025 at that rate? Recently released Jobs data sparked the market the past week, while also giving the Fed’s Mr. Powell more reasons for a rate cut this month. … Read more…
(Justin Vaughn, Editor, Options Trading Report) November proved to be the best month of the year as stocks and indexes finished Friday at record levels. Chips and techs were the biggest boosters as the shortened week gave November its final thrust. The Dow Jones Industrial Average finished just below 454000 and S&P 500 hovered near highs. According to Dow Jones Market Data, the Russell 2000, with more conservative value loaded stocks, blazed to an 11% … Read more…
(Justin Vaughn, Editor, Options Trading Report) The indexes were all up Friday after a week of daily gains. The market was up in a majority of sectors, including the cryptocurrencies. The Dow Jones Industrial Average surged, up 426 points on Friday as all indexes finished positive. Bitcoin tickled $100,000, ending the day hovering in the $99,000 area. The Dollar was strong against the Euro and British Pound as both currencies weakened on fears of massive … Read more…
(Justin Vaughn, Editor, Options Trading Report) The tech heavy Nasdaq Composite Index led the market lower Friday dropping 2.2%, and finishing the week 3% lower. The S&P 500 slid 2% for the week, with the benchmark Dow Jones Industrial Average shedding 300 points on Friday. After a blistering run the week of the election of Donald Trump, stocks retreated, unable to sustain upside moves. Even with strong data related to a vibrant economy, including a … Read more…
(Justin Vaughn, Editor, Options Trading Report) Fed Chair Jerome Powell announced a quarter point interest rate cut last Thursday; he and the Board of Governors felt it prudent and wise to keep on the offensive in the inflation fight. The general market was undisturbed by the move, having ‘built-in’ the expected cut. “We are committed to maintaining our economy’s strength,” Federal Reserve Chair Jerome Powell said at a news conference after the announcement. He made … Read more…