TagS&P

S&P Sharply Drops but It's Safe to Re-Enter After Retracement: Analyst

trader reacts

On July 31, the U.S. Federal Reserve and its chairman Jerome Powell officially announced a 25-basis point cut. The U.S. stock market and the S&P 500 reacted with a sharp correction, indicating that the rate cut has been priced into the equities markets. Kathryn Rooney Vera, chief markets strategist at Bulltick Capital Markets, said in an interview with CNBC prior to the rate cut that the...

Meteoric Dow Awaits After Fully Recovery from 2018 Bottom

Dow

In one spectacular quarter, the U.S. stock market has almost fully recovered from its 2018 correction with the Dow Jones nearing 26,000 points and the S&P 500 surpassing November levels. Since December 24, the Dow Jones has rebounded from 21,792 points to 25,928 points by 18.9 percent and the S&P 500 demonstrated a similar performance, rising from 2,351 points to 2,834 points by 20...

Dow Deletes 200 Points Despite Strong Fundamentals: What’s Causing It?

Dow

Within two hours since opening, the Dow Jones has fallen from 25,854 to 25,599 by 250 points in a steep short-term drop. Backed by strong fundamentals, noticeable progress in the U.S.-China trade talks, and the Federal Reserve’s decision to retain its benchmark interest rate unchanged, the Dow was on track for a strong week. Yet, on Friday, the Dow slumped and dropped 450 points from its peak to...