We’re in the thick of big tech earnings right now and also had to deal with a Fed statement on Wednesday, so it’s no surprise that today’s session saw an indecisive, choppy and ultimately mixed performance.
The NASDAQ, which plunged over 1.2% yesterday, rebounded by 0.
We’re in the thick of big tech earnings right now and also had to deal with a Fed statement on Wednesday, so it’s no surprise that today’s session saw an indecisive, choppy and ultimately mixed performance.
The NASDAQ, which plunged over 1.2% yesterday, rebounded by 0.
Wall Street witnessed a decline in major stock averages, snapping their five-day winning streaks on Jul 27. The S&P 500 lost 0.5%. Notably, the Nasdaq Composite index and the Dow Jones Industrial Average also declined 1.2% and 0.2% on the same day.
Consumer confidence in the United States seems impressive as it stays at its highest level since February 2020. The Conference Board's measure of consumer confidence index stands at 129.1 in July, comparing favorably with June’s reading of 128.9. Moreover, July’s reading
For investors looking for momentum, The Real Estate Select Sector SPDR Fund XLRE is probably a suitable pick. The fund just hit a 52-week high and is up 38.5% from its 52-week low price of $33.71/share.
Technology stocks were set to finish little changed Wednesday as chipmakers rallied, with the Technology Select Sector SPDR ETF (XLK) down less than 0.1% while the Philadelphia Semiconductor Index advanced 1.9%.
Wednesday, July 28, 2021The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Tesla, Inc. (TSLA), The Walt Disney Company (DIS), and Wells Fargo & Company (WFC
Technology stocks were unable to sustain their morning advance, with the SPDR Technology Select Sector ETF (XLK) Wednesday slipping 0.4% this afternoon while the Philadelphia Semiconductor Index still was pushing out to a more than 1.4% advance.
Sales of new single-family homes dropped to an annualized rate of 676,000, 6.6% below May’s rate of 724,000 and 19.4% below the June 2020 level of 839,000. Economists polled by Reuters had forecast new home sales, which account for about 10% of U.S. home sales, rising 3%
The Federal Reserve's taper talks began yesterday in its mid-summer meeting, and the FOMC will announce a decision (if there is one) at 2 PM. Powell will break down the tapering decision in a highly anticipated press conference this afternoon (2:30 PM). The expectation of
With stock markets skyrocketing, the ETF industry is booming, breaching new records in terms of inflows. This is especially true, as investors have poured more than $500 billion into ETFs so far this year, very close to an annual record of $504 inflows seen last year. Thi
After the closing bell on Thursday, a couple of tech biggest players like Apple Inc. AAPL and Microsoft MSFT reported their quarterly results. Both tech titans topped revenue and earnings estimates, making technology ETFs excellent choices to play the upbeat results (see: