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Techs Shed Light Through The Darkness

18h seekingalpha
After the V-shaped bounce following the early February plunge, most of the major stock market averages stalled out last week and remain range-bound. Although there was a nice show of strength in the tech sector on Friday, the Dow, the S&P 500 (SPX), and the NYSE Composite Index (NYA) still haven’t decisively broken out of their recent trading ranges. As a result, the short-term trend remains unsettled as the bulls and bears continue to fight for control of it. (2-0)

Weekly market wrap: Global indices close in green; India VIX falls more than 13%

2018-02-24 moneycontrol
The Indian benchmark indices closed on a positive note for the week with the Sensex gaining 0.39 percent while the Nifty was up 0.37 percent. On a weekly basis, Nifty made a Dragonfly Doji kind of pattern which suggests that a reversal in the trend could be in the offing. (2-0)

Business Highlights

WASHINGTON (AP) — The Federal Reserve says it expects that the ongoing strength of the U.S. economy will warrant further gradual increases in interest rates this year. It delivered the same steady-as-it-goes message under new leader Jerome Powell as it provided under Janet Yellen. The Fed's projection on rate hikes came with the release Friday of its semi-annual monetary report to Congress. (4-0)

The Nasdaq now stands just about 2.4% from its January record after this month's tumble - MarketWatch

2018-02-23 marketwatch
The Nasdaq Composite Index is rallying on Friday, capping a curious week for the technology laden index that places it a mere 2.4% from its all-time high set on Jan. 26. The Nasdaq Composite COMP, +1.61% most recently, was up 116 points, or 1.2%, at 7,326.69, putting it 180 points or 2.4% shy of its record at 7,505.77. That represents a roughly 8.1% gain over 10 trading sessions for the benchmark, which is viewed as a proxy for risk appetite on Wall Street, since it tumbled into correction territory on Feb. (2-0)

The Nasdaq 100 QQQ ETF Continues Consolidation Thanks To Apple, Amazon, Microsoft

2018-02-23 seekingalpha
The Nasdaq 100 Shares QQQ does not have a negative weekly chart thanks to its three largest components. (280-0)

Technology company and banks lead US stocks higher

NEW YORK (AP) — Hewlett Packard Enterprise and HP are leading technology companies higher and banks are also rising as US indexes climb in early trading on Wall Street Friday. Blue Buffalo Pet Products jumps after General Mills agrees to buy the pet food maker. Bond yields continue to recede from the four-year highs they reached earlier this week. (56-0)

Stock Market News For Feb 23, 2018

2018-02-23 zacks
Benchmarks turned in mixed performances on Thursday even as jobless claims hit a near 45-year low. Both the Dow and the S&P 500 ended their two-day run of losses to finally eke out gains. Meanwhile, the Nasdaq declined for the fourth straight session, charting out its largest streak of losses in more than a year’s time. Further, investors speculated chances of multiple rate hikes this year. (16-0)

Markets Right Now: Tech, banks lead early stock gains

Hewlett Packard Enterprises jumped 10 percent in early trading Friday and HP rose 7 percent after both companies reported earnings that were much better than analysts were expecting. (2-0)

Dow jumps 200 points, but on pace for weekly loss

2018-02-23 cnbc
U.S. stocks rose on Friday but were still on track to post weekly losses. Wall Street also looked ahead to the release of the Federal Reserve's monetary policy report. (5-0)

Asian stocks advance after Wall Street rebounds

BEIJING (AP) — Asian stocks advanced Friday after Wall Street rebounded from a two-day losing streak and Japanese inflation edged higher. (2-0)

Business Highlights

DETROIT (AP) — A veteran Ford Motor Co. executive who was leading the Lincoln luxury brand has been picked to lead North American operations, replacing an executive who was ousted this week over allegations of inappropriate behavior. Kumar Galhotra, 52, will replace Raj Nair starting March 1, the company said in a statement Thursday. (2-0)

Dow Jones Fails to Retake 25,000 as Nasdaq Suffers Four-Day Loss | InvestorPlace

2018-02-22 investorplace
Stocks finished with mixed reactions on Thursday after posting some impressive mid-day gains spurred largely on dovish comments from St. Louis Federal Reserve Bank President James Bullard. Bullard has a well-earned reputation for stepping in at key moments of market fear (notably, during the 2014 Ebola scare). (101-0)

The Nasdaq just logged its longest losing skid in more than a year - MarketWatch

2018-02-22 marketwatch
The technology-focused Nasdaq on Thursday marked its longest stretch of closes in negative territory since November of 2016, according to FactSet data. The Nasdaq Composite Index COMP, -0.11% which had been trading in the green for most of Thursday's session, finished off 0.1% at 7,210, notching its fourth straight decline. That represents the index's longest skid since the nine-session period ended Nov. (2-0)

Stocks end slightly higher; Dow and S&P snap two-day skid - MarketWatch

2018-02-22 marketwatch
Stocks closed slightly higher on Thursday after trimming earlier gains that saw the Dow up by more than 350 points at its peak. The Dow Jones Industrial Average DJIA, +0.66% advanced 164 points, or 0.7%, to end at 24,961. The S&P 500 SPX, +0.10% rose 3 points, or 0.1%, to 2,704. The Nasdaq Composite Index COMP, -0.11% shed 8 points, or 0.1%, to 7,210. The Nasdaq posted its fourth straight session of losses. (2-0)

Nasdaq closes lower for fourth straight day, S&P 500 hangs on to slight gain

2018-02-22 cnbc
U.S. stocks traded in a wide range Thursday, trying to snap a two-day losing streak, as interest rates slipped from multiyear highs seen in the previous session. (78-0)

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