Most Asian stocks declined on Wednesday, with technology-heavy indexes leading the retreat as investors awaited earnings from market favorite Nvidia. Australian stocks also took a hit following a higher-than-expected inflation report, while ongoing concerns about China further dampened market sentiment. Technology Stocks Under Pressure Ahead of Nvidia Earnings Asian technology …
Read More »US stocks rallied ahead of Nvidia’s earnings report
US stocks rallied on Tuesday, driven by anticipation of Nvidia’s second-quarter earnings and expectations for a potential Federal Reserve interest rate cut. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all posted modest gains. Nvidia, a tech titan, is under the spotlight as investors await its earnings report, …
Read More »Dow Jones Hits New Record High on Thin Volumes
Dow Jones Industrial Average (DJIA) reached a new all-time high of 41,419.65 on Monday, despite a generally quiet trading day. This follows a significant surge last week after the Federal Reserve signaled a potential rate cut in September.Investors are still digesting the impact of the Federal Reserve’s comments, which indicated …
Read More »Explainer: How ‘Soft-Landing’ and Stock Performance Correlate
As interest rate cuts become closer, investors are closely watching economic data to assess whether the “soft landing” scenario that has supported U.S. stock performance in 2024 can continue.Fed Chair Jerome Powell recently signaled an impending reduction in interest rates. The process is expected to begin next month with a …
Read More »U.S. Stock Futures Edge Higher Amid Anticipation of Key Earnings and Inflation Data
U.S. stock index futures showed slight gains on Monday morning, as the markets appeared to take a breather following a robust performance last week. Investors are cautiously optimistic, bolstered by the expectation of a potential rate cut from the Federal Reserve in September. However, the upcoming week promises to be …
Read More »Asian Shares Edge Higher Amid Geopolitical Tensions and Rate Cut Hopes
Asian shares cautiously moved higher on Monday, supported by a decline in the dollar and bond yields as investors anticipated key inflation data that could signal upcoming rate cuts in both the United States and Europe. However, lingering concerns over geopolitical tensions in the Middle East and upcoming corporate earnings …
Read More »Signal for Looming Fed’s Rate Cut Boosts Market Confidence
The U.S. stock market experienced a significant uptick on Friday, August 23, 2024, following Federal Reserve Chair Jerome Powell’s indication of potential interest rate cuts in the near future. This positive sentiment was evident in the performance of the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite, which all …
Read More »U.S. Stock Futures Rise as Markets Eye Powell’s Jackson Hole Speech
U.S. stock index futures climbed on Friday, rebounding from the losses seen in the previous session, as investors await Federal Reserve Chair Jerome Powell’s address at the Jackson Hole Symposium for more insights into the Fed’s interest rate plans. Dow Jones Futures rose 145 points (0.4%) at 06:15 ET (10:15 …
Read More »The Dow’s Retreat: A Precursor to Powell’s Speech
The Dow Jones Industrial Average experienced a significant pullback on Thursday, August 22, 2024, as investors braced for Federal Reserve Chair Jerome Powell’s highly anticipated speech at the Jackson Hole Economic Symposium. The broader market, including the S&P 500 and Nasdaq Composite, also suffered losses, driven by rising bond yields …
Read More »US Stocks Surge on Renewed Rate Cut Hopes after FOMC Minutes
Wall Street closed modestly higher on Wednesday, with the S&P 500 and Nasdaq gaining over 0.4% and 0.5% respectively. The Dow Jones Industrial Average saw smaller gains of 0.14%. Advancing stocks outnumbered declining ones on both the NYSE and Nasdaq. The S&P 500 and Nasdaq set new 52-week highs, while …
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