Fresh records have become the usual story on Wall Street during the first quarter of the year. Accordingly; The US stocks rose on Tuesday as markets looked to continue to rally. The S&P 500 rose nearly 0.3%, while the Dow Jones Industrial Average edged higher by roughly 0.2%. The tech-heavy …
Read More »US Stocks Notch Weekly Gains
The US equity market witnessed volatility on Friday, resulting in a three-quarters of a percent decline in the Dow Jones and the S&P 500 retreating, -0.14%, around 0.6 percent, the market was testing down. With real estate down about 1.25% and the financial sector down 1.21% on the day, the …
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 »Stock Market Falls on Inflation Worries Ahead of Fed Meeting
The stock market closed lower on Friday, marking the second week of losses, in a row. This decline comes as investors remain concerned about inflation, with key data points earlier this week raising doubts about the Federal Reserve’s plans to loosen monetary policy. Market Recap • The S&P 500 dropped …
Read More »US stocks advance following CPI data
Despite higher-than-expected February inflation data, US stocks continued to rise, with the S&P 500 rising nearly 1%, the Nasdaq Composite climbing 1.4%, and the Dow Jones Industrial Average increasing 0.6%. Treasury yields also rose, with the 10-year yield rising 4 basis points to trade around 4.15%. Gold prices fell 1% …
Read More »S&P 500 hits fresh record, Nasdaq advances ahead of NFP
Ahead of the jobs data on Friday, and in the midst of carefully watched testimony from Fed Chair Jerome Powell, US equities continued to rise on Thursday, with the S&P 500 reaching a new record high.Once again, tech stocks led the way, as the Nasdaq increased by up to 1.5% …
Read More »Powell’s no news is good news for US stocks
The S&P 500 rose on Wednesday after losing consecutive sessions on Wall Street. The broad index added 0.4%, while the Nasdaq Composite climbed 0.6%. The Dow Jones Industrial Average traded near its flatline, weighed down by a drop of over 2% in Disney. Investors attempted to push the market higher …
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 »US stocks surge on improved risk appetite
US stocks experienced a surge in intraday records, with the S&P 500 and Nasdaq reaching new highs. The Nasdaq set a new intraday record, surpassing its November 2021 peak of 16,212.23. Technology stocks, particularly Nvidia and AMD, saw significant gains, with shares climbing 3.73% and 4.82% respectively. The Philadelphia semiconductor …
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