Investors took the strong jobs showing as a reason for the Federal Reserve to move quickly as it starts to raise interest rates this year. Stocks on Wall Street rose on Friday, as an unexpectedly strong jobs report scrambled investors’ expectations for coming interest rate increases and as the latest …
Read More »Gold Rises as Dollar Slips Ahead of US Jobs Report
Gold prices rose as the dollar fell on Friday, as markets awaited the US jobs report that may affect the Federal Reserve’s inclination to tighten monetary policy. Spot gold rose 0.1 percent to $1,805.90 an ounce. And US gold futures rose 0.2 percent to $ 1807.20. If the US jobs …
Read More »Gold Index Bounces Back As Traders Anticipate Bearish USD On NFP Data
Gold has found some bidders again after a quick but short trip to the downside on Thursday. At $1,805, the yellow metal is about flat again on the day as traders now get their sights on Friday’s Nonfarm Payrolls data. Gold was hit hard on the back of a spike …
Read More »Nasdaq Surges On Third Day Of Gains, Earnings
Nasdaq futures rose in overnight trading on Tuesday, after the technology-focused average gained for the third day in the regular session. Dow futures fell 40 points. S&P 500 futures gained 0.25% and Nasdaq 100 futures rose 0.75%.Google-parent Alphabet rose more than 7% in extended trading after the company beat on …
Read More »Wall Street Digest Earnings, Major Economic Data This Week
The latest trend in day-to-day stock market index trading looks to be the Nasdaq filling deep holes dug in the previous month while the Dow and S&P 500 basically tread water. Certainly, this is what’s happening this morning: The Dow is -3 points and the S&P 500 -2, while the …
Read More »US Shares Advance as Technology, Consumer Discretionary Stocks Rebound
US equities advanced after midday on Monday as technology and consumer discretionary sectors, which were among the worst performers last week, rebounded.The Nasdaq Composite jumped 2.4% to 14,101.01, with the S&P 500 up by 1.2% to 4,485.12. The Dow Jones Industrial Average climbed 0.6% to 34,938.32 after briefly trading in …
Read More »S&P 500 Surges Back, Ends Week In The Green Territory
The US equities surged in late trade after a broadly positive session as Fed bets eased after softer wage data. The S&P 500 leapt to close above the 4400 level again to close 2.4% higher and end the week positive. Apple led the charge after positive Q4 earnings and record …
Read More »Market Drivers – US Session – 27 January 2022
Although traders are still digesting Fed’s policy statement, Thursday’s US session closed on a positive note for both US stocks and the US dollar, seen rising at the same time.The interest rate policy statement and the remarks by Fed Chairman, Jerome Powell, were among the most important factors that continued …
Read More »S&P 500 Dips As Monday’s Late Session Momentum Fades
After Monday’s stunning late-session recovery that saw the major US indices post and incredible recovery from intra-day lows, sentiment has taken a turn for the worse again. The S&P 500, which recovered a more than 4.0% dip to as lows as the 4220s on Monday to close above 4400, is …
Read More »US Equities Hit lowest Level Since July
US equity markets are trading sharply lower on Monday, with the S&P 500 index on course to confirm a correction, a close of more than 10% below the recent highs printed back in the first week of 2022. The index slumped below the 4300 level on Monday, to hit its …
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