, the Dow Jones Industrial Average shed over 800 points, and the tech-heavy Nasdaq plunged almost 5%, Steven Chiavarone thought investors should not panic but stay put.
The S&P 500's relative strength index, which is a momentum indicator that measures the speed and change of price movements, hit 80 on Thursday. Meanwhile, the large-cap index was trading 15% above its 200-day moving average for the first time since January 2018. However, if a meaningful pullback happens, Chiavarone said he has "absolutely no qualms about making money at the expense of the machines that don't understand the whole picture."
The Matrix Feeds The Matrix - Sometimes
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US stocks trade mixed as major tech sell-off offsets strong labor-market data | Markets InsiderSummary List Placement US stocks traded mixed Friday after the August jobs report showed strong job additions and a better-than-expected unemplo... Hi, I will provide you with the BEST Quality B2B, B2C lead of any business sector/category that you can use to increase your sales or increase your Business traffic. To Take My Serves Please DM/PM me or Visit My Gig: leadgeneration B2B Businessleads
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock market sell-off: Four market analysts explain the moveStocks ended sharply lower Thursday with high-momentum tech stocks including Apple leading the way down. Four market experts explain the move and what could come next. TradingNation And $KCAC up 106% after market TradingNation Why do they think they have any idea? They all just guess. It’s a joke! Get them off the tv bc they legit don’t know!!! Nobody does!! TradingNation Trump saying he will use the American people to experiment on with a Covid_19 vaccine, while he is unwilling to follow basic science and wear a 😷 while holding rallies spreading Covid_19 as 190,000 Americans are dead! Of course the markets are plummeting, Republicans lie!
Source: CNBC - 🏆 12. / 72 Read more »
Stock trades to make, 4 value sectors to buy for the economic recovery - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Dow Falls 400 Points Despite Unemployment Rate Falling To 8.4%The Dow was down 400 points by late morning despite the unemployment rate falling to 8.4% last month by skleb1234 skleb1234 'falling' to 8.4%. skleb1234 Wait?!? I thought realDonaldTrump was the person who can save our 401ks?!? skleb1234 That’s because in reality it’s fallen to 48% but don’t tell anyone 🤫
Source: Forbes - 🏆 394. / 53 Read more »
Dow Jumps 200 Points After Unemployment Rate Falls To 8.4%Stocks attempted to recover some of their losses from Thursday’s sell-off. edit edit edit. TAURUS ON YE Employment data that's getting everyone excited has QUARTER MILLION SEASONAL CENSUS JOBS that will disappear soon - Government is massaging the data This tweet didn’t age well.
Source: Forbes - 🏆 394. / 53 Read more »
Global markets begin to rebound from mammoth tech sell-off — what now?European stocks looked to be leading a shift in sentiment on Friday after a massive tech sell-off on Wall Street in the previous session, which briefly spooked global markets. Mammoth! I wonder what chart you guys are looking at?
Source: CNBC - 🏆 12. / 72 Read more »