Market Commentary
All the major indices are in the green with the Russell 2000 leading the way higher. The S&P 500 and Nasdaq Composite, however, are moving lower from the morning highs. In addition, Gold and Oil are selling off today.
The Ten-Year Treasury Yield (TNX) fell 11 basis points to 4.3%.
Bitcoin (BTC) saw profit taking over the weekend, after nearly reaching $100,000.
Consumer Discretionary (XLY) is in the lead as Bath & Body Works (BBWI) released both top and bottom-line beats. Investors also await several retail earnings reports tomorrow, namely DICK'S Sporting Goods (DKS), Nordstrom (JWN), and Macy's (M).
Only two sectors are in the red, with Energy (XLE) lagging the most, due in part to the pressure on oil prices.
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12/6/2024 6:54 AM | POWELL NEEDS A WEAK JOBS REPORT |
12/5/2024 1:46 PM | Mixed Action ahead of Tomorrow’s Jobs Report |
12/5/2024 9:37 AM | LUCKY SEVEN STRIKES AGAIN |
12/4/2024 1:48 PM | Fed’s Powell on Deck |
12/4/2024 9:53 AM | MEGA CAP TO THE RESCUE (AGAIN) |
12/3/2024 1:29 PM | Lackluster Session |
12/3/2024 9:46 AM | STUMBLING HIGHER |
12/2/2024 12:52 PM | A Year for The Ages |
12/2/2024 9:40 AM | GREED & HOLIDAY CHEER |
11/29/2024 7:08 AM | IT COULD BE A FLIGHTLESS DAY |
11/27/2024 1:34 PM | Sticky Inflation |
11/27/2024 9:57 AM | RALLY BROADENS BUT FOCUS ON QUALITY |
11/26/2024 1:21 PM | Consumer Confidence Improves |
11/26/2024 9:40 AM | SHOTS FIRED |
11/25/2024 12:51 PM | Stocks Rise, Oil Slides |
11/25/2024 9:44 AM | Small-Cap Gains Momentum |
11/22/2024 1:35 PM | Setting For Weekly Gains |
11/22/2024 9:30 AM | THE PARTY WIDENS |
11/21/2024 1:31 PM | No Fear |
11/21/2024 9:38 AM | SOME BOTTOM FISHING AMID ALL THE CHASING |
11/20/2024 1:11 PM | All Eyes on Nvidia |
11/20/2024 9:50 AM | GENERALS TO THE RESCUE |
11/19/2024 1:30 PM | Shaken Off Fears |
11/19/2024 9:37 AM | TERRA FIRMA |
11/18/2024 12:57 PM | Animal Spirits |
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