Daily Market Update for 10/25

Tesla led major indexes and the Consumer Discretionary sector higher today as it became the newest trillion-dollar company after announcing a 100k car order from Hertz. That sent EV stocks higher and kicked off a big earnings week with fresh optimism.

Daily Market Update for 10/22

Despite consistent messages from Fed officials over the last few weeks, it took Jerome Powell’s confirmation on bond tapering to finally impact investors. It didn’t help that dismal earnings reports from Snap and IBM dampened optimism over the earnings season.

Daily Market Update for 10/19

Investors remained bullish on Tuesday as earnings reports start to pick up, and analysts expect positive results. Indexes ticked higher while several sectors traded at record levels.

Daily Market Update for 10/15

Retail Sales jumped 0.7% in September compared to analysts’ expectation for a decline. That gave a massive boost to Consumer Discretionary stocks while the Financial sector topped a week of positive earnings reports with a huge beat from Goldman Sachs.

Daily Market Update for 10/14

Even today’s worst-performing sector gained over one percent, marking a very bullish day with gains broad across the market. The Nasdaq had a 1.4 advance/decline ratio , while the New York Stock Exchange recorded a ratio of 3.6 advancers to decliners.

Daily Market Update for 10/13

Investors moved past inflation data to mark a day of gains in the market, but caution was present with defensive sectors outperforming. There were no surprises in the Fed’s meeting minutes that confirmed a start to bond purchase tapering in November.