The Dow Jones Industrial Average is up a whopping 547 points this afternoon, while the Nasdaq Composite is sporting a triple-digit midday lead of its own.
Wall Street soared Monday, kicking off the week in full risk-on mode as investors welcomed signs of easing trade tensions and stronger-than-expected economic data.
Shares of the EV giant are now down more than 36% this year, with the relative strength index suggesting it is oversold, yet they still trade at a lofty 93x Tesla’s estimated 2025 earnings.
The new week will likely test the market’s resiliency as private sector activity readings and the February personal income and spending report are due.
I can't accept that the Administration 'wants' the U.S. to have a recession; you already see political pushback about the heavy approaches from constituents around the Country. So it's a question of whether this was 'detox' or 'dealing'.
OpenAI is reportedly interested in working with Reliance’s businesses such as wireless carrier Jio to sell or distribute its AI solutions, while Meta is seeking to work with the Indian company on new AI businesses.
Seasonal patterns and market internals offer hope that the short-term bounce will materialize into stronger market action. However, there is much the markets will need to accomplish to confirm the readings.
For the second week in a row, the Nasdaq 100 traded in a sideways pattern. Last week, it fell 2.5% but recovered from a 5.2% decline at one time. This week, the tech-heavy index inched up 0.25 percent to 19754. That gain follows four weekly drops.
The JPMorgan Nasdaq Equity Premium Income (JEPQ) ETF is doing relatively well this year in terms of inflows and total returns. It has brought in over $3.5 billion in total inflows as investors continued looking for its yield.
