Why this signal means the S&P 500 is running out of steam, Wall Street strategist says

marketwatch2021-02-05

There is a lot going on and it’s sending the DowDJIA,+1.08%and S&P 500SPX,+1.09%toward a fourth straight day of gains. Investors are digesting a deluge of corporate earnings, as well as key weekly ...

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Comments

Dawneelx
2021-02-08
Dawneelx
Nice
Tiongwee
2021-02-08
Tiongwee
Excellent
BlinkJun
2021-02-08
BlinkJun
gg oh no
Yuyujiejie
2021-02-07
Yuyujiejie
Please like and reply to my comments
Jchptan
2021-02-07
Jchptan
Hi
HLPA
2021-02-07
HLPA
Up ordown there is money to be made
- MasterStonker:
  That's right
- jayelse:
  agree

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Asian marketsretreated overnight, however, as caution began to set in.\nThe buzz\nGenetic testing company 23andMe isgoing public via a mergerwith Richard Branson’s special purpose acquisition (SPAC) VG Acquisition CorpVGAC,+31.03%,in a deal with an enterprise value of about $3.5 billion, the companies said on Thursday.\nElon Musk’s TwitterTWTR,+3.54%break didn’t last long. The cryptocurrency dogecoin surged more than 45% early on Thursday after the Tesla chief executivetweeted one word: “doge.”\nIn an extraordinarily candid interview with engineering consultant Sandy Munro that aired on YouTube, Muskadvised against buyinga TeslaTSLA,-0.55%during a production ramp-up, agreeing with some criticism of the vehicles.\nNokiaNOKIA,-2.30%NOK,-7.02%stock slipped in early trading, as the telecoms giant beat profit expectations in the fourth quarter but warned 2021 would be achallenging year, with revenues expected to fall to between €20.6 billion and €21.8 billion from €21.9 billion in 2020.\nOil major Royal Dutch ShellRDSA,-2.01%RDS.A,-0.79%swung to a loss in the fourth quarter and its underlying performance was worse than expected.\nTechnology giant AppleAAPL,+2.58%is close to a deal with car maker Hyundai-Kia to make an Apple-branded autonomous electric vehicle,CNBC reported late on Wednesday.\nPayPal’sPYPL,+7.36%profits tripledin the fourth quarter, fueled by accelerated adoption of digital payments during the COVID-19 pandemic. 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