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US STOCK MARKETS: Plunge!

Posted on March 10, 2025 by Dr. David Edward Marcinko MBA MEd CMP™

BREAKING NEWS

By Staff Reporters

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US stocks plunged on Monday as investors processed growing concerns about the health of the US economy after President Trump and his top economic officials acknowledged the possibility of a potential rough patch.

The Dow Jones Industrial Average (^DJI) fell nearly 900 points, or over 2%, while the benchmark S&P 500 (^GSPC) dropped around 2.7% after the index posted its worst week since September.

The tech-heavy NASDAQ Composite (^IXIC) fell 4% in its worst day since 2022, as the “Magnificent Seven” stocks led the sell-off. Tesla’s (TSLA) rout continued, plunging 15% and officially wiping out the gains it had made in the wake of Trump’s election win. Nvidia (NVDA), Apple (AAPL), Google parent Alphabet (GOOG), and Meta (META) all each lost more than 4%.

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Filed under: "Ask-an-Advisor", Breaking News, Financial Planning, Funding Basics, Investing | Tagged: Alphabet, DOW, Facebook, google, JJIA, Magnificent &, Meta, NASDAQ, Nvidia, S&P 500, stocks down, stocks plunge, tech stocks, Tesla | Leave a comment »

DAILY UPDATE: Tech Industry Sheds Workers as the Stock Markets Rebound

Posted on February 2, 2024 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

LEAP YEAR: This February month is a Leap Year. It’s stuffed with 29 days for 2024. If we didn’t have leap years, then our seasons would completely flip every ~750 years!

GROUND HOG DAY: A tradition observed in the United States and Canada on February 2nd of every year. It derives from the Pennsylvania Dutch superstition that if a ground hog emerges from its burrow on this day and sees its shadow, it will retreat to its den and winter will go on for six more weeks; if it does not see its shadow, spring will arrive early.

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The tech industry has shed tens of thousands of workers over the last year or so, including thousands this month alone across companies including Unity, Twitch, Amazon, Meta, Microsoft, eBay and Google. It also emerged that PayPal is firing around 2,500 people.

Here’s where the major benchmarks ended:

The S&P 500^® index (SPX) rose 60.54 points (1.3%) to 4,906.19; the Dow Jones Industrial Average (DJI) gained 369.54 points (1.0%) to 38,519.84; the NASDAQ Composite^® (COMP) added 197.63 points (1.3%) to 15,361.64.
The 10-year Treasury note fell over 10 basis points to 3.86%.
The CBOE Volatility Index^® (VIX) fell 0.47 to 13.88.

Regional bank shares remained under pressure in the wake of poorly received quarterly results earlier this week from New York Community Bancorp (NYCB), which took over the failed Signature Bank in 2023. The bank’s shares fell another 11% on top of a 38% drop Wednesday while the KBW Regional Banking Index (KRX) sank 2.3% to a two-month low. The bank weakness was offset by strength in several other sectors, including retail and consumer discretionary.

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Filed under: "Ask-an-Advisor", Breaking News, Drugs and Pharma, Ethics, Experts Invited, Financial Planning, Health Economics, Health Insurance, Healthcare Finance, Investing | Tagged: Alphabet, COMP, ebay, google, ground hog day, KBW, KRX, leap year, Meta, MSFT, NASDAQ, NYCB, PayPay, tech industry, tech stocks, Technology, technology layoffs, Twitch, Unity | Leave a comment »

DAILY UPDATE: The “Magnificent Seven” Technology Stocks PLUS Uber

Posted on December 18, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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Markets: The Magnificent Seven technology mega-cap stocks—Microsoft, Apple, Alphabet, Nvidia, Tesla, Meta, and Amazon—have surged 75% this year, while the other 493 companies in the S&P 500 have gained 12%. The Magnificent Seven now account for nearly 30% of the entire index’s value, per the WSJ.

Stock spotlight: Speaking of the S&P 500, it’s getting a prominent new member—Uber will join the index today. With a market cap of $127 billion, Uber is the most valuable company that hadn’t yet been included in the S&P 500, and it celebrated by notching a 52-week high last week.
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Filed under: Experts Invited, Financial Planning, Funding Basics, Glossary Terms, Health Economics, Information Technology, Investing, LifeStyle, Marcinko Associates, Touring with Marcinko | Tagged: Alphabet, Amazon, Apple, Facebook, google, IPO, Marcinko, markets, Meta, MSFT, NASDAQ, oil, S&P 500, stock markets, tech stocks, Technology, Tesla, Uber, Uber IPO, WSJ | Leave a comment »

TECH STOCKS UP: Bank Earnings Reports are Next?

Posted on April 14, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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Yesterday, the S&P notched its highest close since February with a boost from Big Tech names such as Amazon, Meta, Alphabet, and Netflix, which each gained at least 2.7% (FAANG).
This morning however, all eyes are on bank earnings as JPMorgan, Citigroup, and Wells Fargo report before the opening bell.
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Filed under: "Ask-an-Advisor", Breaking News, Investing, Monthly Reports | Tagged: Alphabet, Amazon, bank earningss, banks, Citi, FAANG, JPMorgan, Meta, Netflix, S&P 500, tech stocks, Wells Fargo | 1 Comment »

DAILY UPDATE: Wood Speaks on Technology Stocks with Yearly Markets Update

Posted on February 6, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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Ark Investment Management’s chief executive Cathie Wood is upbeat about her strategy of investing in young technology companies. After her exchange-traded funds dropped 60% to 80% last year from highs in 2021, Woods talked about the current stock market environment in a year-end commentary Dec. 29, 2022.

“We’re getting a lot of deflationary signals, but the Fed isn’t buying in yet,” Wood said, referring to the Federal Reserve’s continuing interest-rate increases. “But the bond market will start to convince the Fed,” Wood said. “The bond market is telegraphing much lower-than-expected inflation and/or recession.”

That prediction seemed to be validated February 1st. when the Federal Open Market Committee (FOMC) raised interest rates by only 25 basis points. That was smaller than the 50 basis points it had raised them by in December and the 75 basis points it had increased the rates by in each of its previous four meetings. The Fed seemed to have been recognizing the deflationary signs.

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Markets: In the five weeks of trading so far in 2023, the NASDAQ gained in all five and the S&P 500 in four. The still-booming labor market and falling inflation appear to be outweighing poor corporate earnings in investors’ minds.
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Filed under: Alerts Sign-Up, Experts Invited, Investing, LifeStyle | Tagged: ARK, Ark Investment Management, Cathie Wood, deflation, fed, FOMC, inflation, markets, NASDAQ, S&P 500, stock markets, tech stocks, technology stocks | Leave a comment »

DAILY UPDATE: Weekending Stock Markets and Motorsport Games Week

Posted on February 5, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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Stocks ended the week subdued when a red-hot jobs report once again got investors biting their nails over what the Fed will do next—though the S&P and NASDAQ both eked out positive weeks. The tech stock rally started losing steam after several big companies reported disappointing quarterly results, with Amazon being the one investors cooled on most.

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More specifically, racing game publisher Motorsport Games (NASDAQ:MSGM) is seeing more volatility, tumbling 24.2% Friday after announcing a $4M at-the-market offering. The company entered a definitive agreement to issue and sell 232,188 shares of its class A common stock at $17.39 per share. The stock has slid $5.46 to trade at $17.50. The closing of this new offering is set for on or around February 7th with H.C. Wainwright & Co. acting as exclusive placement agent. Gross proceeds will be about $4.03M, which Motorsport Games will put toward development of multiple games, working capital and general purposes.

Still, it was the most eventful week for the stock in many months. On Monday it launched a debt-for-equity exchange to shore up its balance sheet, sending the stock lower by 8.7%. After regaining full compliance with Nasdaq listing rules, the stock jumped 714% Tuesday, moving from $2.63 a share to $21.40. After moving up another 73% Wednesday, the company then moved to convert all remaining debt in a new debt-for-equity exchange, and the stock fell 38% Thursday. Before Friday’s decline, the stock moved up an aggregate 482% in five days.

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Filed under: "Ask-an-Advisor", Breaking News, Investing, LifeStyle | Tagged: Amazon, Federal Reserve, Motorsport Games, NASDAQ, S&P 500, stock markets, tech stocks | 1 Comment »

DAILY UPDATE: Elizabeth Holmes & Tech Stocks

Posted on November 14, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

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Elizabeth Holmes will find out how much time she’s spending in prison. The Theranos founder will be sentenced on Friday after being found guilty of fraud for lying to investors about her blood-testing startup. Prosecutors want 15 years.

MORE: https://medicalexecutivepost.com/2014/10/28/about-theranos/?preview=true

Meanwhile, beaten-down tech stocks were the stars of last week’s rally, staging their biggest two-day pop since the financial crisis after inflation numbers came in cooler than expected. Investors still caution that this might be a classic case of a “bear market rally,” or a brief glimpse of the sun before the storm clouds return. Corporations haven’t exactly been lighting it up with profits right now.

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UPDATE: The IRS, Crypto, Starbucks, Tech Stocks, the COVID Toll & Bill Gates

Posted on May 13, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

It’s Friday the 13th

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The IRS destroyed data for an estimated 30 million filers in March 2021, according to the Treasury Inspector General for Tax Administration. The decision, prompted by a backlog of paper filings, has sparked anger in the tax community. “It just further damages the IRS’ reputation in the business community and in the public,” said Larry Harris, director of tax services at Parsec Financial.

More than $200 billion has been wiped off the cryptocurrency market today alone, as investors are sent into a panic. Ethereum, the world’s second largest digital currency plummeted by 20% in the space of 24 hours. Bitcoin, the original cryptocurrency started in 2009, dropped by 9%, but overall it is down 50% since its all time high in November. Chaos on the market has seen other currencies such as Shiba Inu and Dogecoin losing 30% and 25%, respectively. Meanwhile Terra Luna, which was among the top 10 most valuable cryptocurrencies had 98% of its value wiped out overnight, falling to below one dollar per coin.

Immediately after becoming the interim CEO of Starbucks (NASDAQ: SBUX), Howard Schultz suspended the company’s share-repurchase program. “This decision will allow us to invest more into our people and our stores — the only way to create long-term value for all stakeholders,” he said in a press release.

Snowflake, Meta, Microsoft and Uber — are all down from 20% to as much as 60% year to date. The technology stock sector, especially unprofitable firms and richly valued software names, have been hit the hardest as of late. The NASDAQ Composite slid more than 13% in April, dropping almost 30% from its all-time high.

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President Biden, anticipating the milestone of one million American lives lost to Covid-19, said in a formal statement on Thursday that the United States must stay committed to fighting a virus that has “forever changed” the country.

Finally, Microsoft founder Bill Gates said on Tuesday that he tested positive for COVID-19 and is experiencing mild symptoms. In a series of tweets, the billionaire shared that he was “lucky to be vaccinated” and will be isolating until he’s healthy again.

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Filed under: Alerts Sign-Up, Glossary Terms, Health Economics, Health Insurance, Investing, Taxation | Tagged: Bill Gates, covid, crypto, Howard Schultz, IRS, microsoft, MSFT, Starbucks, tax, tech stocks, Uber | Leave a comment »

STOCK MARKET Update: NASDAQ Composite

Posted on January 7, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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NASDAQ Markets: The good news—if you own tech stocks—is that they didn’t fall as much yesterday as they had in the previous two days. NASDAQ comp: 15,080.87 at the close.

READ: https://www.msn.com/en-us/money/markets/the-nasdaq-is-quietly-being-shredded-new-data/ar-AASxgzA?li=BBnb7Kz

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All eyes are on the December jobs report due this morning; analysts expect the economy to have added 422,000 jobs last month.

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UPDATE: Stock Market and the Economy

Posted on January 5, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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The stock market was very sharply mixed yesterday, and the NASDAQ Composite took the brunt of the damage. Even as the Dow Jones Industrial Average was up triple digits, the NASDAQ fell almost 2% as of 1:45 p.m. ET; and finishing down 210.08 points or (‎-1.33%).

Physicians and other investors looking at the biggest stocks in the NASDAQ would have to go through three dozen stocks on the list before finding a single one that rose more than 1%. Many of the top tech giants were down 1% to 5% or more on the day. Yet there were some winning NASDAQ stocks, and a few in particular might seem surprising to those used to seeing more popular names among top performers.

Bond yields gained thanks to bullish attitudes around economic growth.

Economy: The Great Resignation rolls on as a record 4.5 million Americans quit their jobs in November. That’s equivalent to 3% of the workforce.

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Filed under: Breaking News, Investing, LifeStyle, Portfolio Management | Tagged: DJIA, economy, great resignation, Investing, l corona, NASDAQ, tech stocks | Leave a comment »

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US STOCK MARKETS: Plunge!

DAILY UPDATE: Tech Industry Sheds Workers as the Stock Markets Rebound

DAILY UPDATE: The “Magnificent Seven” Technology Stocks PLUS Uber

TECH STOCKS UP: Bank Earnings Reports are Next?

DAILY UPDATE: Weekending Stock Markets and Motorsport Games Week

STOCK MARKET Update: NASDAQ Composite

UPDATE: Stock Market and the Economy

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