After five straight record closing, US stocks saw a slight decline; however, all three major US indexes ended the day down. Wall Street was expecting the Santa Rally to push markets to new heights as they finish 2023 on a high note. With a 24% increase so far this year, …
Read More »S&P 500 on track for eighth-straight winning week
The S&P 500 increased on Friday in response to lower inflation figures, and Wall Street was hoping to continue its year-end rally as the major averages were headed for their eighth consecutive winning week. The Nasdaq Composite increased by 0.16%, while the Dow Jones Industrial Average dropped 10 points, or …
Read More »US Stocks recover after worst day since October
Following the largest day sell-off in months for the main indexes, US equities rose early on Thursday. The S&P 500 surged by roughly 0.8% at the start of trading, recovering from the benchmark index’s largest one-day drop since October. Following the end of nine-day winning streaks, the teach-heavy Nasdaq Composite …
Read More »Dow extends winning streak as S&P 500 approaches record gain
Dow Jones and S&P 500 closed higher on Tuesday, with all three major averages on track to finish December with gains. S&P 500 is up 4.4% for the month and comes off its longest weekly winning streak since 2017. Dow and Nasdaq are up 4.5% and 5.5%, respectively. S&P 500 …
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 »US stocks head toward seventh straight week with gains
US stocks are currently hovering around their record highs. They are poised to end the longest weekly winning streak in six years. With a 0.1% decrease in morning trade, the S&P 500 is now 1.7% behind its all-time high from early in the previous year. The Dow Jones Industrial Average, …
Read More »Stocks rise after surprise change in US unemployment
After hitting a high of 4,606.31, which put it within one point of its 2023 peak, the S&P 500 stayed close to the flatline, while the Dow Jones Industrial Average gained 24 points, or 0.1%. 0.15% was added to the Nasdaq Composite. The unemployment rate unexpectedly decreased in November, from …
Read More »US stocks surge ahead of Thanksgiving
On Wednesday, stocks experienced a surge following a brief decline in yields to their lowest point in several months, and the market’s rally from November extended into the Thanksgiving holiday. The S&P 500 increased by 0.4%, the Nasdaq Composite advanced by 0.5%, and the Dow Jones Industrial Average gained 178 …
Read More »Wall Street retreats ahead of FOMC minutes
On Tuesday, US stocks dipped and benchmark Treasury yields edged lower due to few market moving catalysts. All three major US stock indexes were lower, with the tech-laden Nasdaq down the most as investors await Nvidia Corp’s results after the closing bell. The S&P 500 and the Nasdaq appeared set …
Read More »Wall Street rallies on easing Treasury yields
The S&P 500 is expected to close the week higher than 4,400, despite a decline in consumer confidence. Meanwhile, US Treasury bond rates have stabilised after rising more than 10 basis points over the course of the entire yield curve on Thursday. S&P 500 breaks 4,400 as Wall Street closes …
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