Major indices tumble with the NASDAQ/Russell index lead the declines

Russell index falls -2.76%. The NASDAQ index was -2.11% The major indices tumbled once again with the NASDAQ and Russell 2000 index leading the way to the downside. Feds Powell’s interview with the Wall Street Journal did not help hope that the Fed chair would look to talk down (or act on) the higher long-term rates. That did not […]

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Four down days in a row for the S&P index. Longest losing streak this year

NASDAQ index and Dow industrial average close marginally higher. Russell index surges The S&P index closed lower for the 4th consecutive day. That is the longest losing streak for the year S&P and NASDAQ post the 1st weekly loss in the 3 weeks NASDAQ and Dow industrial average have modest gains on the day Dow’s […]

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New Zealand – ANZ Commodity Price index for January: +3.6% m/m (prior +1.8%)

ANZ’s indicator of price trends for New Zealand’s 17 main commodity exports, higher for a fourth consecutive month. +3.6% m/m and +4.6% y/y  In NZD terms the gain on the month is not quite so strong due to the higher currency: +2.4% m/m -2.2% y/y — The news today so far from New Zealand has […]

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Vix volatility index on pace for the biggest weekly surge since June

Up over 60% since Wednesday The Vix or volatility index is trading up at 33.37 after reaching a high of 37.51 earlier in the day. The index has increased some 65% since Wednesday alone.    As volatility increases, so too does the Vix index. The volatility in the meme stocks has now rotated into the larger cap […]

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Tesla to replace Apartment Investment and Management in the S&P 500 Index

© Reuters. FILE PHOTO: The Tesla logo is seen at the entrance to Tesla Motors’ showroom in Manhattan’s Meatpacking District in New York City By Saqib Iqbal Ahmed NEW YORK (Reuters) -Apartment Investment and Management Co will be removed from the as of Dec. 21 to make room for the inclusion of Tesla (NASDAQ:) Inc, […]

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US major indices close at record highs led by the S&P index

Major indices close near highs All 3 major indices close at record highs today. The Dow and S&P close higher for the 2nd consecutive week The NASDAQ close higher for the 3rd consecutive week The S&P index outperformed the Dow and Nasdaq although all closed near session highs. The final numbers are showing: S&P index rose 32.4 points or […]

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UK data – BRC Shop Price Index for November: -1.8% y/y (expected -1.3%)

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do […]

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