THE GIST (“THE WHAT”) Opening lower, the S&P 500 index managed to erase the day’s losses on the back of a rally in mega-cap tech stocks to close modestly higher. The index snapped its three-days losing streak to close the choppy session near day’s highs at 4381.89, up 16.20 points (0.37%). Note: Our daily “S&P 500 (more…)

THE GIST (“THE WHAT”) The S&P 500 index broke its six-day winning streak to close modestly lower by 16.25 points (0.37%) at 4409.60. The index, however, registered its longest winning streak of five straight weeks since November 2021 as markets cheered the Fed’s decision to pause its aggressive monetary tightening cycle following signs of slowing (more…)

THE GIST (“THE WHAT”) The S&P 500 index extended gains for the sixth session in a row despite the hawkish Fed as yields slipped after May’s unemployment data showed signs of weakness, increasing the odds of an end in Fed’s monetary tightening cycle. The index notched a 14-month high, closing sharply higher by 53.27 points (more…)

THE GIST (“THE WHAT”) Oscillating between gains and losses after the Fed issued its widely expected rate hike pause, the S&P 500 index managed to eke out slight gains, closing the choppy session at 4372.58, up 3.56 points (0.08%). Modest gains during the early part of the trading session fizzled after the Fed released its (more…)

THE GIST (“THE WHAT”) As investors keenly await the key CPI data and Fed policy decision, the S&P 500 hit a 14-month high as it now enters into a new technical bull market. Gapping higher at the open, the index held on to modest gains throughout the session, closing near day’s highs at 4338.92, up (more…)

THE GIST (“THE WHAT”) The S&P 500 index closed today’s session with moderate losses, down 25.69 points (-0.61%) at 4179.84. While the markets monitored the debt ceiling voting expecting the deal to get passed, dismal Chinese economic data and mixed U.S. economic data weighed down on sentiments. Note: Our daily “S&P 500 Trading plan” will be (more…)

THE GIST (“THE WHAT”) The S&P 500 index rallied on optimism that the debt ceiling negotiation is progressing towards a deal in order to avert a potentially catastrophic default. A strong rebound in regional bank stocks also fueled the day’s gains. The index closed the session near 2 weeks high at 4158.78, up 48.89 points (more…)

THE GIST (“THE WHAT”) Gapping down at the open, the index struggled to find direction, trading within a tight range on a low volume day ahead of key inflation reading tomorrow, closing at 4119.18, down 18.95 points (-0.46%). Debt ceiling standoff also weighed down on investor sentiment. Note: Our daily “S&P 500 Trading plan” will be (more…)