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Schlumberger has been sliding for more than a year, and some traders may see further downside risk. The first pattern on today’s chart is the series of higher lows between mid-December and early January. The oilfield-services company dipped below ... For more,...
Sellers tried to hammer the stock market last week, but buyers came out of the woodwork instead. The S&P 500 initially had bearish momentum, falling almost 1 percent in the first minute of trading on Monday, January 13. The move briefly erased the entire rally...
Tesla, one of the most active stocks in the market, suddenly has a rival among traders. Rivian Automotive (RIVN) announced better-than-expected deliveries last week. That gave Wall Street confidence the maker of electric pickups and SUVs is finally overcoming...
Stocks fell again last week as the Federal Reserve's tough stance on inflation made investors worry about earnings and a potential recession in 2023. The S&P 500 slid 2.1 percent between Friday, December 9, and Friday, December 16. The Nasdaq-100 fell even more,...
Stocks are eying key resistance as the market attempts its second straight positive month. The S&P 500 rose 1.5 percent in the holiday-shortened week between November 18 and November 25. The index is up 4 percent so far in November. If the gains hold through...
Stocks held their ground during a turbulent October as investors focused on new areas that could lead in the market's next cycle. The S&P 500 rose 8 percent, advancing for the first time in three months. The move came after a higher-than-expected inflation report...
Stocks are trying to bounce as investors await key earnings and hope for slower rate hikes. The S&P 500 rose 4.7 percent between Friday, October 14, and Friday, October 21. It was the biggest weekly gain since June, with every major sector advancing. More than...
After months of relative quiet, energy stocks are back in focus with a triple dose of bullish news. The sector began the week rallying on reports that OPEC+ would lower output by 1 million barrels per day. The cartel then did the unexpected by cutting 2 million...
Stocks plunged last week as the Federal Reserve got more hawkish, and there could be signs its tough policies are starting to work. The S&P 500 tanked 5.8 percent between Friday, June 10, and Friday, June 17. It was the biggest weekly decline since March 2020,...