US stock markets on Wall Street are seeing significant gains since the start of the new trading week, boosted by improved economic performance in the United States reflected in recent data.The S&P 500 Index rose to 6048 points after adding approximately 15 points or 0.7%. Additionally, the tech-heavy Nasdaq reached …
Read More »Record-Breaking November Caps Strong Year for US Stocks
November 2024 was a month to remember for US stock market investors. The Dow Jones Industrial Average and the S&P 500 both closed at record highs, marking a significant milestone in the ongoing bull market. This strong performance was driven by a combination of factors, including robust corporate earnings, optimistic …
Read More »Santa Rally, Market Outlook for December 2024 and Beyond
As the year draws to a close, investors are keenly watching for the much-anticipated “Santa rally,” a phenomenon where stock markets tend to rise during the final trading days of December and the first two trading days of January. Historically, this period has seen positive momentum, driven by factors such …
Read More »Explainer: Key Economic Policies of Donald Trump
On January 20, 2025, President-elect Donald Trump will officially take office after winning the 2024 presidential election. This calls for a closer look at the key policies expected to be implemented by the Republican president upon assuming power. Trump’s policies primarily focus on imposing more protectionist measures, including tariffs on …
Read More »US Considers Softer China Chip Curbs, Boosting Chip Stocks
Shares of key global semiconductor equipment manufacturers surged on Thursday following reports that the U.S. is considering a less stringent approach to its sanctions on China’s chip industry. This potential shift in policy has sparked optimism among industry players, particularly those heavily reliant on the Chinese market.Among the biggest beneficiaries …
Read More »Stock Market Rally Paused Amid Further Uncertainity
The recent market downturn, particularly evident in the tech-heavy Nasdaq, has sparked widespread concern among investors. This decline can be attributed to a confluence of factors, including persistent inflationary pressures, the Federal Reserve’s aggressive monetary policy, geopolitical tensions, and shifting investor sentiment.Inflationary Headwinds and Fed’s Tightening GripDespite the Federal Reserve’s …
Read More »Stubborn Inflation Ghost: PCE Data Haunts the Fed
The specter of persistent inflation continues to loom over the US economy, as evidenced by the latest Personal Consumption Expenditure (PCE) Price Index report. The core PCE, the Federal Reserve’s preferred inflation gauge, edged up to 2.8% year-over-year in October, defying expectations and raising concerns about the central bank’s ability …
Read More »Asian Markets Decline Amid Tariff Worries, Currencies Remain Volatile
Asian equities dropped on Wednesday as heightened concerns over potential U.S. trade tariffs under President-elect Donald Trump unsettled investors. Volatility extended to currency markets, with major trading partners like Canada, Mexico, and China feeling the brunt of tariff threats. Asian Equities Fall Amid Tariff Anxiety The broad MSCI Asia-Pacific index …
Read More »US Stock Market Eyes Fresh Record as Wall Street Shrugs Off Trump’s Tariff Threat
US stocks mostly shrugged off President-elect Donald Trump’s threat to impose fresh tariffs on China, Canada, and Mexico on Tuesday, showing resilience despite the potential trade tensions.Market PerformanceThe S&P 500 edged up roughly 0.4%, eyeing a record close, while the tech-heavy Nasdaq Composite jumped about 0.5%. The Dow Jones Industrial …
Read More »Dow Jones Soars On Market Optimism Stirred By Bessent’s Nomination for Treasury Dept
The Dow Jones Industrial Average (DJIA) surged to a new all-time high just below the 44,800 mark on Monday. This bullish movement in equity markets was driven by two significant factors: the anticipation of Scott Bessent as the new Treasury Secretary under President-elect Donald Trump, and the rumors of a …
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