The tyranny of gigantic tech stocks, which has supported the US equity market since March, had a major impact this week. For months, the most valued e-commerce and technology companies have staged an almost unrelenting rally during a public health crisis that has caused tremendous pain in the national and …
Read More »The Nasdaq is not only outperforming the Dow and S&P 500, but it is having one of its best first halves against its stock market peers.
The chasm between the Nasdaq Compound and its rival benchmarks in the first half of 2020 has been very similar between Olympic sprinter Usain Bolt and everyone else in the world. The tech-laden index has enjoyed a growing advantage between itself and the Dow Jones Industrial Average USA: DJIA and …
Read More »The Dow is falling as consumer spending disappoints
Text size People wait in line in front of a New York City bank in late May. fake pictures Weaker-than-expected economic data, record coronavirus cases and an unfavorable result for banks in Thursday’s Federal Reserve stress tests left the market lower on Friday. The Dow Jones Industrial Average fell 534 …
Read More »The Dow is falling as consumer spending disappoints
Text size People wait in line in front of a New York City bank in late May. fake pictures Weaker-than-expected economic data, an increase in coronavirus cases and an unfavorable result for banks in Thursday’s Federal Reserve stress tests left the market lower on Friday. The Dow Jones Industrial Average …
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