Staying with the game plan
The acknowledgement of the economic slowdown and less hawkish tone from Fed Chair Jerome Powell helped rally the S&P 500 (SPX) by 2.6%.
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 were higher with yesterday’s 2.62% rally in the SPX.
Read MorePowell remarks kick stock rally into high gear
The market was trading higher from the start today, and the S&P 500 Index (SPX) had recouped all of yesterday’s drop by mid-morning.
Read MoreFOMC raises Fed Funds Rate by 75 basis points- again
As expected, the FOMC raised the Federal Funds Rate by 75 bps for the second time in two months.
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 were lower with yesterday’s 1.15% decline in the SPX.
Read MoreEarly Wednesday look
S&P equity futures are trading well above Tuesday's close, amidst a positive session in Europe and a mixed to lower session in Asia overnight.
Read MoreTuesday recap
Stocks were weaker from the start and continued to slide throughout much of the session.
Read MoreNew home sales slow to a 26-month low
Sales of new homes fell much more than expected in June.
Read MoreConsumer confidence falls further
The Conference Board reported its Consumer Confidence Index declined to a 17-month low in July.
Read More% of stocks above the moving averages
The percentage of S&P 500 Index (SPX) stocks trading above10 & 50-day moving averages have steadily climbed higher over the last week.
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