Wall Street bounced back Wednesday after Tuesday's sharp selloff in AI-driven stocks, as investors bought the dip amid solid corporate earnings and growing signs that the Federal Reserve may be nearing another interest rate cut.
On Tuesday, November 4, market breadth deteriorated sharply once again. Key metrics across advancing/declining stocks, moving averages, and longer-term trend indicators all turned more negative. The fading strength observed on Monday deepened into broader weakness, with downside momentum accelerating.
Investors poured $37.6 billion into ETFs last week, led by SPY and tech-heavy funds, shrugging off Powell's hawkish tone as markets stay fixated on growth.
Risk appetite cooled on Tuesday as investors interpreted the latest batch of corporate earnings as solid but not spectacular, offering a convenient excuse to take profits after strong year-to-date rallies.
After Thursday’s sharp market-wide sell-off, Friday’s session (Oct 31) showed a rebound in short-term participation metrics. However, longer-term breadth indicators remain weak, and the overall trend is still tilted to the downside. A cautious stance is warranted as there is no clear evidence of a sustainable recovery yet.
Vanguard S&P 500 ETF has smaller assets under management (AUM) but provides large-cap exposure and lower costs compared to the iShares Russell 2000 ETF.
Tech stocks edged higher Friday, rebounding from Thursday's 1.5% drop in the Nasdaq 100 as upbeat earnings from mega-cap giants kept the rally momentum alive.
Breadth deteriorated again on Thursday, October 30, as declining stocks outpaced advancers across multiple timeframes. Short-term momentum indicators have turned decisively negative, and broader participation trends are again showing signs of strain.
Wall Street saw a cautious tone on Thursday as major tech-heavy indexes edged lower, weighed down by mixed earnings from the mega-caps and the lingering impact of hawkish remarks from Fed Chair Jerome Powell th
A powerful surge in AI-related stocks — led by a 9% advance in NVIDIA Corp. (NASDAQ:NVDA) over the past two sessions — propelled the S&P 500 above the 6,900 mark and lifted the Nasdaq 100 to 26,100 points, both breaking new records, as investors brace for the Federal Reserve's
After last Friday's strong breadth performance, Monday's data shows a noticeable loss of momentum. While the overall picture remains constructive with above-average breadth readings, the declining pace across multiple metrics suggests a possible stalling in the short-term uptrend.
Wall Street extended its record-setting streak on Monday, with major large-cap indices logging a third consecutive session of strong gains after a breakthrough in trade negotiations between Washington and Beijing.
