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Stocks Cling to Support as Inflation Rages and Interest Rates Surge

Stocks Cling to Support as Inflation Rages and Interest Rates Surge

Stocks are trying to hold a support level as investors worry about inflation and soaring interest rates. The S&P 500 slid 0.2 percent between Friday, April 29, and Friday May 6. The index swung wildly despite the small closing change. It initially plunged within a...

Global Fears Distract from Earnings as Advanced Micro and Meta Surge

Global Fears Distract from Earnings as Advanced Micro and Meta Surge

Earnings season is normally a big time for the stock market, but these days investors have bigger fish to fry. Companies including Apple (AAPL), Microsoft (MSFT) and Tesla (TSLA) barely moved after issuing quarterly results. Each beat estimates on both the top and...

The Fed Gets More Hawkish, and More Stocks Are Breaking Out

The Fed Gets More Hawkish, and More Stocks Are Breaking Out

Stocks fell last week as the Federal Reserve got even more hawkish. However some potentially bullish trends are developing as money drains away from technology. The S&P 500 slid 1.3 percent between Friday, April 1, and Friday, April 8. It was the first negative...

Chart of the Day: Is Tesla Going into Reverse After a Sharp Rally?

Chart of the Day: Is Tesla Going into Reverse After a Sharp Rally?

Tesla had a sharp rally in late March, but now there could be evidence of sellers taking the wheel. The first major pattern on today's chart is the trendline running along the peaks of November 4, January 4 and April 5. Each time prices have approached with a bang,...