The stock market saw a positive day on Thursday, with the S&P 500 gaining for the fourth consecutive session. While the overall market sentiment improved, the CNN Money Fear and Greed index remained in the ‘Fear’ zone, indicating investors are still cautious. Major tech companies like Nvidia and Alphabet saw significant gains, and Signet Jewelers reported positive earnings. Despite the positive market performance, economic data showed an increase in jobless claims and a rise in producer prices.
Bitcoin and other leading cryptocurrencies lost early gains overnight after the high-stakes presidential debate between Donald Trump and Kamala Harris made no mention of the asset class. Despite Bitcoin’s rally above $58,000 after the stock market closed, the lack of discussion in the debate led to a decline below $57,000. Market sentiment remains cautious, reflected in the ‘Fear’ category of the Cryptocurrency Fear & Greed Index. Despite the flatline, some altcoins, including Internet Computer (ICP) and Artificial Superintelligence Alliance (FET), saw significant gains.
Walmart’s stock is on a tear, reminiscent of its stellar performance in the late 90s. After a period of consolidation, the stock has surged 230% and is now close to breaking its all-time high. With strong earnings and positive market sentiment, Walmart is poised to reach new heights, potentially even surpassing the $100 mark.
Shares of Applied Materials, a leading semiconductor equipment provider, have experienced a significant decline, driven by a broad sell-off in the chip sector. Geopolitical tensions, a risk-off market sentiment, and concerns about China’s rapid chip technology advancements are contributing to the downward pressure.
The CNN Money Fear and Greed Index dipped into the “Neutral” zone on Wednesday, reflecting a shift in market sentiment. Despite better-than-expected earnings from Nvidia, the stock declined after hours due to a contraction in gross margins. Other notable movers included Foot Locker and Super Micro Computer, both experiencing significant drops after releasing disappointing quarterly results. The Dow Jones, S&P 500, and Nasdaq all closed lower, with consumer discretionary, information technology, and communication services leading the losses. However, financials and healthcare stocks bucked the trend, ending the day in the green.
This article analyzes recent large options trading activity, known as ‘Whale Alerts’, for prominent companies like Tesla, Amazon, and Chipotle. By tracking these transactions, traders can identify potential price movements and gain insights into market sentiment.
The US stock market closed higher on Wednesday driven by expectations of a rate cut at the upcoming Federal Reserve meeting. The CNN Money Fear and Greed index, while showing improvement, remained in the “Neutral” zone. This positive sentiment was fueled by minutes from the July FOMC meeting, which solidified investors’ beliefs in a rate cut. Despite this, mortgage applications declined, and Macy’s reported weak quarterly sales.
The CNN Money Fear and Greed index remained in the “Neutral” zone despite a decline in overall market sentiment. Stocks closed lower, with the S&P 500 and Nasdaq ending their eight-day winning streak. Investors are eagerly awaiting the Federal Reserve’s annual Jackson Hole Economic Symposium, where Fed Chair Jerome Powell will deliver comments on Friday.
Discover potential trading opportunities by analyzing large option trades (whale alerts) in the Consumer Discretionary sector. This article highlights recent activity for companies like Tesla, VFC, Alibaba, and more, offering insights into market sentiment and potential price movements.
Bitcoin spot ETFs saw modest inflows on August 15th, but this was overshadowed by negative funding rates in the Bitcoin futures market, potentially indicating bearish short-term market sentiment. Ethereum ETFs experienced more significant outflows, with Grayscale Ethereum Trust bearing the brunt of the selling pressure.
