THE GIST (“THE WHAT”) The S&P 500 index extended losses following the release of stronger-than-expected economic data that indicated that while the economy is cooling down, inflation continues to remain sticky. Technology stocks were the biggest drag on the index as yields rose amid concerns that the Fed could keep rates higher for longer in (more…)

THE GIST (“THE WHAT”) Strength in chip stocks lifted the broader S&P 500 index in today’s choppy trading. Gains were limited as yields jumped amid China’s looming property debt crisis. Gaining momentum during the last hour of the session, the index closed near day’s high at 4489.72, up 25.67 points (0.58%). Note: Our daily “S&P 500 (more…)

THE GIST (“THE WHAT”) Struggling for direction, the S&P 500 index closed the choppy session near its highest level since August 2022 at 4283.86, up 10.06 points (0.24%). The index settled just 10 points shy of entering a new bull market on the back of strong rally that was primarily led by a few mega-cap (more…)

THE GIST (“THE WHAT”) The S&P 500 index traded within the 4150 and 4100 price band the entire week as uncertainty around the debt ceiling and ongoing banking turmoil capped optimism around the first quarterly earnings. Opening higher, the index gave up gains following a disappointing consumer sentiment data only to test the psychologically important (more…)