This past week, the S&P 500 index plunged to new relative lows. It is now trading at prices last seen in March 2021. This latest move downward violated support at 4100-4200 and prompted a swift move down toward possible support at 3900. The next support area below that is 3700 – the lows of February […]
photo: AP (AP) canoe, an EV startup that some guy named Jason eleven had very high hopes for, said tuesday that it is worried about its future. This is sad news because, like Jason, I once was pretty hopeful about Canoo, too, which wanted to make what was more or less the anti-Cybertruck. My colleague […]
US stocks swung between gains and losses on Tuesday as uncertainty over inflation, interest rates and the economy continued to weigh on the market. All three major indexes opened higher, with the technology-heavy Nasdaq Composite up 2.8% at one point. By late morning, stocks had mostly erased those gains and appeared on track to extend […]