Friday slide puts the SPX in the red for the week
Stocks ended the week on a sour note as some of the mega-cap tech stocks pulled the major indices lower.
Read MoreAdditional Q2/2021 EPS color
I was just going through the numbers, and with over half the S&P 500 having reported EPS so far:
Read MoreMid-Q2 earnings update
It was the busiest week of the quarter for EPS reports, and we are now more than halfway through the second quarter earnings season, with 176 of the S&P…
Read MoreStill a mixed market looking for antacid
The action this week only served to reinforce the summer of indigestion is still in place. The day-to-day and week-to-week rotation has really been extraordinary regardless of the indices…
Read MoreCore PCE up 3.5% y/y
Data out this morning showed inflation pressures continue to run hot, but the core readings were lower than expected.
Read More% of stocks above the moving averages
The percentage of S&P 500 Index (SPX) stocks trading above the 10 & 50-day moving averages moved higher with yesterday’s 0.42% gain in the SPX.
Read MoreTGIF early look
S&P equity futures remain below Thursday's close. US equities on track for a mixed performance this week with growth underperforming value. However, stocks on track for a sixth straight…
Read More