US stocks are advancing on Friday as investors digest the most recent inflation data, the PCE Index readings, amid the favourable earnings announcements from Microsoft and Alphabet. In March, the preferred inflation measure of the Federal Reserve rose 2.7% from the previous year, as anticipated. The IT sector’s outstanding earnings …
Read More »US stocks secure gains amid risk-on mood
US stocks secured gains on Tuesday as investors prepared for a fresh batch of earnings reports, most notably Tesla. Nasdaq Composite led the trading day, surging about 1.6%. The benchmark S&P 500 rose about 1.2% after staging a comeback from a six-day run of losses on Monday. The Dow Jones …
Read More »Dow skyrockets to fresh record after Fed’s hints at 3-rate cuts
After the Fed had hinted at three rate cuts in the pipeline for 2024, the Dow surged to new heights. Following the Federal Reserve’s the retention of Fed’s 23-year high rate of interest rate and its hold on the projections for three rate cuts before the end of 2024, the …
Read More »US Stock Market Rebounds Led by Tech Surge
The stock market closed higher on Monday, reversing recent losses, particularly in the tech sector. This shift came as investors awaited developments in artificial intelligence (AI) and upcoming guidance from the Federal Reserve. Market Gains: All major indices rose. The Dow Jones Industrial Average gained 0.2%, the S&P 500 climbed …
Read More »Alphabet stock dives following lower than expected Google ad revenues
Google parent Alphabet’s stock declines more than 5% after the company reported its Q4 earnings, which missed estimates on ad revenue. The company’s revenue, excluding traffic acquisition costs, was $72 billion, higher than the $63.12 billion generated during the same period in the prior year. However, investors focused on the …
Read More »Alphabet achieves revenue below expectations in Q4
Alphabet Inc, the parent company of Google, found itself on the wrong side of investor expectations as holiday ad sales fell short, leading to a six percent drop in its shares during after-hours trading. The company also disclosed plans for increased spending on components like servers running artificial intelligence (AI), …
Read More »Dow stocks decline amid economic data ahead of FOMC decision
US stocks showed mixed performance on Tuesday, with the Dow Jones Industrial Average reversing higher in midday trades as investors awaited a slew of Big Tech earnings and a Fed rate decision. Financial stocks, including JPMorgan Chase, Visa, American Express, and Goldman Sachs, lifted the index. The S&P 500 also …
Read More »Stocks decline on retreating rate bets post-retail sales report
Wall Street stocks finished lower on Wednesday after upbeat December U.S. retail sales data eroded expectations the Federal Reserve will kick off its rate-cut campaign as early as March. The benchmark S&P 500, fell to its lowest in over a week. Amazon,, Nvidia, and Alphabet dipped between 0.5% and 1% …
Read More »US Stocks add to seven-week gains as S&P 500 rises
Monday saw gains in US stocks as the market continued to show signs of strength after a seven-week winning run. The Dow Jones Industrial Average increased by 0.02%, or 7 points. The Nasdaq Composite gained 0.7%, while the S&P 500 increased by 0.5%.The overall index is currently just over 1% …
Read More »Market Drivers – US Session, October 23
Crude oil prices declined on Monday. The WTI barrel dropped to its lowest level in a week, reaching $85.66.Gold pulled back despite the sharp slide in US yields; XAU/USD found support above $1,970. Meanwhile, Silver experienced losses and dropped below $23.00.Remarkable DevelopmentsThe Treasury market was the center of attention on …
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