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Share: Is this the week we escape the May doldrums?  Though the market is in a better mood so far today, Wall Street continues to struggle toward summer as earnings season winds to a close. The  S&P 500 Index (SPX) just suffered its first back-to-back weekly losses since February, and the  Nasdaq 100 (NDX), heavily weighted toward Tech, only barely missed falling five straight weeks. It managed to eke out a small gain in the week that just ended, but remains down about 4.5% from its April all-time high.  Perhaps working in the bulls’ favor is something research firm CFRA pointed out: ...

With a Fed meeting concluding and Apple and Facebook results in the wings this afternoon, trading might be slow ahead of the news crush. The 10-year yield starts the day higher after a mixed overnight session for major indices.

A rough week ended on a down note Friday as major indices fell to near their lows by the end of the session. Weakness in some of the “mega-cap” stocks like Apple and Microsoft weighed.

Share: It’s been another record-breaking week on Wall Street, and now it seems that investors are taking a breather from a pretty strong rally.  While there may be an element of profit-taking in this morning’s retreat, it also seems like investors and traders may be worried about the extended valuations we’ve been seeing in equities. Perhaps they’re easing back a bit just in case there are hiccups in vaccine rollouts or if Biden’s stimulus plans get watered down.  Investors also seemed worried after European markets faltered as data showed that coronavirus-related restrictions hav...

The market looks like it’s attempting another turnaround Tuesday with many investors anticipating a strong earnings season. Data and earnings are a bit light today, so Washington could remain in focus.