THE GIST (“THE WHAT”) The S&P 500 index edged higher as investors digest second quarter earnings. Financials and technology stocks gain ahead of the next round of earnings this week. The index closed the session with a modest gain of 17.37 points (0.39%) at 4522.78. Note: Our daily “S&P 500 Trading plan” will be posted around (more…)

THE GIST (“THE WHAT”) Extending previous session’s gains, the S&P 500 index rallied on the back of a hotter-than-expected jobs report that crushed all expectations, closing sharply higher at 4282.38, up 61.37 points (1.45%). Resolution of the debt-ceiling showdown, coupled with a surprisingly robust jobs report boosted the broader index to hit its highest level (more…)

THE GIST (“THE WHAT”) Oscillating around 4200 level for most part of the trading session, the S&P 500 index closed the choppy session unchanged at 4205.53, up marginally by 0.09 point as the initial euphoria over a tentative debt agreement faded amid worries of a reduction in federal spending and chances of a Fed rate (more…)

THE GIST (“THE WHAT”) As the clock keeps ticking towards the June 1 ‘hard deadline’, investors closely monitor the ongoing debt talks. A failure to raise the debt ceiling could trigger the U.S. government default and could be catastrophic for the economy. The S&P 500 index closed a very choppy session mostly flat at 4192.63, (more…)