• Dow Jones Industrial Average Nears Short-Term Bottom

    1 month ago - By ETF Daily News

    Market technician Dave Chojnacki of StreetOne Technical Analysis wraps up an eventful trading week with a deep dive into the underlying technicals for the major U.S. averages.
    After Wednesday's big loss, Futures were considerably lower before the open on Thursday. The CPI number, came in lower than expected and the Unemployment Claims number came in higher than expected. Futures improved after the reports, as traders saw it as a cooling of economy and lessening pressure on rates. The SPX and DJIA opened lower, but we saw a positive open in the NDX. Investors saw some bargains in the beat...
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  • What's Behind This Week's Big Sell-Off?

    1 month ago - By ETF Daily News

    From Invesco : On Wednesday, US stocks fell dramatically, with the Dow Jones Industrial Average falling more than 800 points. The rout was led by technology stocks, with the NASDAQ Composite Index down 316 points, but all sectors experienced losses. 1
    This was the worst one-day sell-off for US stocks since February. For much of the day, bonds sold off as well but, by the end of the day, investors fled to the perceived safety of US Treasuries, sending yields lower.
    What drove the sell-off?
    Stocks began losing ground last week as the yield on the 10-year US Treasury spiked, helped by...
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