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Tuesday, May 4, 2021

US stock market boards fall due to two things that drove them down

       One is that Yellen had mention about raising interest rates due to the increase of inflation and so has Warren Buffett.     With inflation starting to run rampant and that our deficit recently hit a record high from our country needing supplies that were shipped from other countries around the world.

       This talk of fixing the infrastructure from roads to bridges, that includes boosting up our manufacturing.   Including semiconductor chips so that we aren't depended on them from other nations, even Intel is making plans in expanding down in New Mexico.     A lot of this effected the stock market today and dragged stocks down.    There was a precious metal hitting an all time new high for Palladium and another chip business has been challenging Intel.     Esperanto Technologies is working on energy efficient, high performance computing chip.     So we have five different articles in our stock market blog today 5/4/21, starting with: Warren Buffett is right about inflation.      The second article: Robust domestic demand lifts US trade deficit to record high.      Third article: Intel investing $3.5 billion to speed up semiconductor chips.      Fourth article: Esperanto Technologies adopts Movellus maestro AI and the fifth article: Precious Palladium hits record high.      At the moment the US dollar negative red line has been losing ground upon the positive blue on the MACDs.     Today the negative red line is only above by -.25 to the positive blue line -.27 with the history line at -.02.     The positive blue line is about to crossover and send the price of the dollar up and so this can affect the stock futures coming up with a negative decline on them.      Right now there isn't much on the stock futures: DOW is up by $3.00, the S & P 500 is down by $1.25 and the NASDAQ is down by $20.75 at 4:41 pm PST.       The dollar is at $91.29 at 4:43 pm PST, our investment today had loss $66.57 with three of the 11 stocks heading up late in the day.

      Here is another look at the stock futures: DOW is up by $29.00, the S & P 500 is up by $2.75 and the NASDAQ is down by $3.50 at 5:19 pm PST, dollar falls down to $91.27 at 5:20 pm PST.

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