Daily Market Update for 4/9

The morning producer price index numbers are a great sign for the economy as demand increases in manufactured goods indicates consumer demand. It’s not a great sign if you are worried about inflation . The markets opened with a dip on the news, but quickly recovered as the dollar pulled back from the morning reaction to the news.

Daily Market Update for 4/8

Investors shook off early nervousness over higher jobless claims and bulls led the markets rally throughout the day. Treasury yields, the US Dollar and commodity prices all supported Technology as the leading sector of the day, carrying the Nasdaq to the leading index of the day.

Daily Market Update for 4/7

It was a choppy side-ways session today for most of the market. The small caps suffered compared to the larger caps while mid-cap growth stocks had mixed results. Overall, investor sentiment remained cautious without many big reactions to economic news.

Daily Market Update for 4/6

There was caution in the market on Tuesday after several days of record setting gains. Investors are monitoring the progress of infrastructure plans and the potential for new taxes. At the same time, the pandemic keeps popping up new fears as Canada declares a very serious third wave.

Daily Market Update for 4/5

The markets set new records on Monday led by gains from the largest public companies in Consumer Discretionary, Communications and Technology. The S&P 500 and Dow Jones Industrial marked new all-time highs with a bullish session that began the day with opening gap ups.

Daily Market Update for 4/01

Hello April and Q2! The Nasdaq leapt into the new month and quarter with a gap up and rise above the 50d moving average while the S&P 5000 closed over 4000 for the first time in history. Solid breakouts from big tech and a breadth of gains across indexes and sectors helped put strength behind the moves.