Good Evening. After the Federal Reserve’s most recent policy announcement and following comments from Chair Jerome Powell drove markets into chaos, U.S. stocks ended Thursday’s volatile day lower. The Dow Jones lost 0.35%, while the S&P 500 dropped by 0.84%. The Nasdaq Composite fell 1.37%. INSPIRING DONATATION This month, Patagonia founder Yvon Chouinard shocked many …
What is Correlation? A statistical measure known as correlation expresses how closely two variables are related linearly. It’s a typical technique for describing straightforward connections without explicitly stating cause and consequence. In other terms, it’s the relationship between the movements of two variables. Correlation is measured on a scale of -1 to 1, where two …
Good Evening. In choppy trading Wednesday afternoon, U.S. stocks fell as the Federal Reserve handed down another hefty interest rate increase in its battle against persistent inflation. The Nasdaq Composite fell by 1.79%, while the S&P 500 and Dow Jones both lost by 1.70%. A VERY “YUM”MY COLLABORATION The first menu item created in cooperation …
Good Evening. As investors braced themselves for the Federal Reserve to announce another significant rate hike in their fight against persistent inflation, U.S. markets plunged on Tuesday. While the Dow Jones Industrial Average lost 1.01%, the S&P 500 fell 1.13%. The Nasdaq Composite took the lowest blow by 0.95%. SLASHING JOBS In an effort to …
Good Evening. Following their worst week in three months for all three main indexes, U.S. equities recovered in the tumultuous final hour of trading on Monday. The Dow Jones gained 0.64%, the S&P 500 increased by about 0.69%, and the Nasdaq rose 0.76%. UNFINISHED VEHICLES After Ford said supply costs are running $1 billion higher than …
Good Evening. The stock market plunged on Friday, intensifying a sell-off that affected all three major averages and resulted in a significant weekly loss for U.S. equity markets. The falls occurred as investors considered a concerning FedEx economic warning. The Dow Jones lost 0.45%, while the S&P 500 plummeted by 0.72%. The Nasdaq Composite fell …
Good Evening. U.S. stocks declined on a volatile day on Thursday as investors focused on business news rather than movements in the major averages. The S&P 500 and Nasdaq both declined by 1.13% and 1.43%, respectively, while the Dow Jones dropped only 0.56%. $20 BILLION DEAL Shares of software company Adobe (ADBE) were down about …
Good Evening. After a choppy trading session on Wednesday that saw the major averages spend time on both sides of the flatline throughout the day, U.S. equities ended the day higher. The S&P 500 was up 0.34%, the Dow was up 0.10%, and the Nasdaq was up 0.74% as Wall Street’s closing bell rang. IT …
Good Evening. After shocking inflation data revealed that prices grew more than anticipated last month, U.S. stocks plummeted on Tuesday. All three major averages saw their worst day since June 2020. The Nasdaq Composite fell 5.16%, with technology stocks leading the decline. According to data from Bespoke Investment Group, Tuesday’s session marked the ninth time …
Good Evening. U.S. equities increased Monday as Wall Street edged closer to this week’s highly anticipated inflation report. The Dow Jones increased by 0.71%, while the S&P 500 increased by 1.06%. With a 1.27% increase, the Nasdaq Composite led the way upward. THE BUYING SPREE CONTINUES After receiving regulatory approval for his Berkshire Hathaway (BRKB) …
