- This topic has 47 replies, 2 voices, and was last updated 5 years ago by
.
- Posts
Stocks recovered from early losses to finish mostly higher and at their best levels of the day, led by strength in technology shares which helped lift the tech-heavy Nasdaq by 0.9%.
The tech sector (+1.5%) rallied ahead of Apple’s after-hours earnings report, with shares ending 2.3% higher and other tech giants such as Microsoft and Alphabet rising more than 1.5%; chipmakers also outperformed, pushing the PHLX Semiconductor Index up by 1.7%.
The blue-chip Dow index declined for a third straight session but ended just 64 points lower (-0.3%) after tumbling as much as 355 points in midday trading, pressured by declines in Pfizer and Merck.
Six S&P sectors finished lower, led by consumer staples (-0.9%), telecom services (-0.8%) and energy (-0.6%).
Facebook CEO Mark Zuckerberg said Tuesday that the company has already begun to implement a system that ranks news organizations based on trustworthiness, and promotes or suppresses its content based on that metric.
“We put [that data] into the system, and it is acting as a boost or a suppression, and we’re going to dial up the intensity of that over time,” he said. “We feel like we have a responsibility to further [break] down polarization and find common ground.”
Conservative Voices on Facebook Will Be Eliminated by Election Day
MBA Mortgage Applications w/w
Composite Index -2.5% vs -0.2%
Purchase Index -2% vs +0%
Refinance Index -4% vs -0.3%30 year mortgage rate at 4.80% vs 4.73%
oh Snap
The company offers Snapchat, a camera application that helps people to communicate through short videos and images.
April ADP Jobs Report: +204K vs +190K consensus, 241K prior
Services added $160K jobs
-10,600 Franchise Jobs (-6,200 Restaurants)
[b]For most part markets & Wall ST “server farms” are idling, although Apple had another blow-out quarter & up 4% despite limited success of the “X” .. Traders everywhere await word from Jerome & FOMC at 2pm … and there may be drone “flys on the wall” spying ahead of the release 👿
every word & punctuation mark will the analyzed in great detail … will it be 3 or 4 hikes in 2018 😉 :woohoo:
[/b]2pm Club was not nice today
At the close
Dow -0.73% to 23,923.03. S&P -0.67% to 2,637.07. Nasdaq -0.4% to 7,102.77.
Treasurys: 30-year -0.2%. 10-yr +0.03%. 5-yr +0.05%.
Commodities: Crude +0.7% to $67.72. Gold -0.11% to $1,305.40.
Currencies: Euro -0.43% vs. dollar. Yen +0.04%. Pound +0.35%.[color=red][b]^^^ +3s … YES, Jerome held up FOUR fingers possibly, with 3 as certain 😳
plus JUNE is almost a sure 25bps move :ohmy: … the 2 o’clock club headed for the bunkers as WALL ST beef was roasted in afternoon :woohoo:
[/b][/color]
[size=5][color=purple][b]FUTURES FLAT in our stormy times :whistle: …
As A3 has wisely noted “Don’t fight FED” :ohmy:
and don’t fight BIG OIL or the 10YR either :woohoo:[/b][/color][/size]
- You must be logged in to reply to this topic.