The S&P 500 has risen by 0.75% as the New York session begins. As the Santa Rally extends, the Dow Jones and the Nasdaq surge between 0.39% and 1.16%.The S&P 500 has witnessed an upward bias, as buyers have tended to the 50 and the 100-DMA to open new buying …
Read More »Dow Jones Hits 36000 Points
US stocks rose for the third straight session on Thursday, the S&P gained 0.7% marching towards intraday record high of 4,743 hit on November 22nd, the Dow Jones added more than 200 points and the Nasdaq Composite jumped 0.8% as fears that the omicron variant would derail economic growth receded …
Read More »US Shares Edge Higher In Final Session Before Christmas
The major averages are comfortably higher on low volume as investors start to head for the exits and start the holidays.The S&P are up by +0.7%, Nasdaq +0.7% and Dow +0.6%. Ten of 11 S&P sectors are higher, led by Industrials and Materials. Real Estate is the only decliner. All …
Read More »Biden Covid Speech: We are prepared for what’s coming
US President Joe Biden has said those not fully vaccinated have good reason to be concerned about omicron. All Americans have patriotic duty to get vaccinated, Biden added.Biden also noted “We are not going back to March 2020, we can keep our K-12 schools open”. US markets are brushing the …
Read More »US Shares Sharply Surge After Three Day Drop
Markets staged a considerable comeback on Tuesday, with all three major averages up more than 1% as investors weighed news of federal involvement to mitigate Omicron and imminent authorization of an at-home Covid-19 treatment.In a turnaround from earlier losses, the Dow rallied more than 500 points during intraday trading, up …
Read More »S&P 500 Bounces On Quad Witching day
US stock markets have maintained uneven performance on the final trading day of the week as traders still busy digesting this week’s Fed’s hawkish signals pivot and a continued rise in global Omicron Covid-19 variant infections.The S&P 500 was last down 0.1%, though it bounced from earlier session lows in …
Read More »Stocks Close Higher as Markets Welcome Fed Decision
US stocks rose after Federal Reserve officials approved plans to speed up the withdrawal of the pandemic stimulus efforts, giving investors and traders more insight into the central bank’s response to hot inflation.All three major indexes turned higher after the afternoon release of a much-awaited Fed statement, published at the …
Read More »All Except Tech Shares Awaiting Powell’s Statements
Tech shares investors are not waiting around for Powell to tell what economist and traders already know: The Fed is about to get very serious about inflation. The remainder of the market is waiting and holding their breath.The Dow Jones Index is flat. The S&P 500 is down just 0.2%. …
Read More »S&P 500 drops As Traders Focus on Fed
The S&P 500 falls during the New York session, it is traded is at 4,615.85, down by almost 1.02%, after the US Producer Price Index for November rose the most since 2010, on the footsteps of the last week’s CPI, as more pressures build up on the Federal Reserve Bank …
Read More »US Shares Cautiously Maneuver On Uncertain Session
US shares markets came under pressure on the first trading day of the week after the S&P 500 managed a record high close last Friday at 4712.The index has dropped more than 25 points to current levels in the 4680s, recording recent decline of over 0.5%. Still, the S&P 500 …
Read More »