Dow Jones Industrial Average surged by 0.7%, and the S&P 500 gained 0.4%. Following a losing streak and relative weakness that caused the major indices to retreat from their most recent record highs. Despite the recent pullback, all three indexes remain on track for a positive month and a winning …
Read More »US stocks rose for the second day in a row following Powell’s remarks
US stocks have continued to rise since the beginning of the North American trading on Thursday, with a boost of optimism left by expectations of an official interest rate cut by the Federal Reserve following the Fed’s announcement to keep the interest rate at the same levels without change one …
Read More »Global Stocks Pause Amid Inflation Concerns: Weekly Market Recap
Global stocks are poised to conclude the week with a subdued performance, following seven consecutive weeks of gains, as hotter-than-expected U.S. inflation data cast doubts on the timing and frequency of future interest rate cuts by the Federal Reserve. U.S. Inflation Data Dampens Rate Cut Expectations MSCI’s global equity index …
Read More »S&P 500 closes lower for a second session as tech rally eases
Monday saw a decline in the S&P 500 as the rally that lifted the major averages to all-time highs faded out. Aside from that, investors were anticipating new US inflation data, including the impending CPI print. The heavily weighted Nasdaq Composite had a decline of 0.41%, while the broad S&P …
Read More »US Stocks Retreat Following NFP Print
US stocks retreated on Friday, closing out a choppy week as Nvidia’s incredible rally took a breather. The S&P 500 lost 0.65% to 5,123.69, while the Nasdaq Composite slipped 1.16% to 16,085.11. All three major indexes finished the week lower, with the broad S&P 500 pulling back by 0.26%, the …
Read More »Dow Jones breaks support 6/3/2024
Oil, Crude, trading
Read More »Dow falls nearly 300 points on sell-off led by Apple
With Apple as well as other big names in the tech industry retreating, US stocks dipped on Tuesday, headed for another down session. The average number of equities that traded in the red was almost two thirds. Conversely, the only two companies able to defy the general trend were 3M …
Read More »Dow Jones is witnessing a downward trend 5/3/2024
Oil, Crude, trading
Read More »Global stocks gain on in-line US inflation, retreating treasury yields
The global equity index advanced on Thursday after anticipated US inflation reading, which provided little surprise for relieved investors and helped push US Treasury yields lower. Wall Street’s major stock indexes rebounded from the previous session’s decline due to investor jitters ahead of the US personal consumer expenditures (PCE) price …
Read More »Nasdaq facing strong resistance 29/2/2024
Oil, Crude, trading
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