Stock Market Update Thursday February, 2024 ALGOTRADEALERT FEB 2

Stock Market Update Thursday February, 2024 Stocks promptly reversed yesterday’s steep declines, with the S&P 500 surging higher by 1.3% and the Nasdaq 100 advancing 1.2%. Strong initial reactions to aftermarket earnings from Meta and Amazon are bolstering the major indices after hours, leaving them in good shape for Friday. Away From Stocks: Treasury's likewise rallied sharply, with two-year yields dropping seven basis points to 4.2%, and the long bond tumbling to 4.1% from 4.22% a day ago. WTI crude slipped below $74 a barrel, while gold ascended to $2,054 per ounce. The VIX settled just below 14

Stock Market Update Tuesday January 30, 2024

Stock Market Update Tuesday January 30, 2024 When you consider the ubiquity of UPS and the extent to which demand for its services reflects the underlying economy, it puts into perspective the tug-of-war that we continue to witness. While nominal data may appear satisfactory on the surface, there are numerous companies struggling in various ways beneath it. The divergence between the government sector and the private sector serves as a particularly illustrative example of these complex dynamics. UPS didn't have much of an impact on the indices. However, once again, all bad news is considered to be company-specific. The Nasdaq was under pressure by about 1% through midday, primarily due to a negative report concerning a significant drop in Apple shipments for 2024, which actually seemed to matter for a change. This caused AAPL to drop by a couple of percent. Other than that, we observed the same pattern we've seen before, where mega-cap tech stocks propped up the market, while beneath the surface, many companies were gradually declining, as they have been for some time. In the afternoon, the market traded slightly higher, reducing the Nasdaq's loss to about 0.75% Away From Stocks: WTI crude oil pushed higher toward $78 a barrel, and gold edged up to $2,037 per ounce. The VIX maintained its 13 handle for a fifth consecutive session. Weakness at the short end of the Treasury curve dominated the proceedings ahead of tomorrow’s crucial quarterly refunding announcement. Two-year yields surged by seven basis points to 4.36%, while the long bond performed better, experiencing a three-basis point decline to 4.28%. © 2024 AlgoTradeAlert Dallas, TX USA, Phone: 945-225-5489, Hours: 11:00 to 6:00pm Email: support@algotradealert.com

Stock Market Update Friday January 26, 2024

Stock Market Update Friday January 26, 2024 A slight pullback interrupted the S&P 500’s five-session streak of fresh closing highs, with the broad index relinquishing an early upward momentum to end marginally lower. Meanwhile, the Nasdaq 100 once again lagged behind, settling 1.5% below its Wednesday midday levels. Last evening, Intel, following in the footsteps of Texas Instruments, issued discouraging guidance for the upcoming quarters. That trend seems to be persisting into this year. However, these companies, among others, provide insight into the true state of the economy and corporate America. As I mentioned yesterday, despite injecting $2 trillion in deficit spending into the economy, we haven't seen much GDP growth as a result. Significant problems persist, yet the market appears to be disregarding them, continuing to move forward regardless. Away From Stocks: Short-term Treasuries experienced some weakness, with two-year yields rising by six basis points to 4.34%, while long-term bonds remained unchanged at 4.38%. WTI crude surpassed $78 a barrel, and gold held steady at $2,018 an ounce. The VIX hovered slightly above 13.