Tag Archives: Nasdaq

US equities dipped and Treasury yields soared on Tuesday as strong economic data and strong third-quarter earnings suggested that the Federal Reserve will continue to tighten policy for an extended period of time.All three major US indices were slightly lower at the end of trading, with interest-rate-sensitive MegaCap shares taking …

After the release of stronger-than-expected US jobs data and a spike in Treasury yields, stocks rose on Friday. The Nasdaq Composite surged 1.7%, the S&P 500 added 1.4%, and the Dow Jones Industrial Average increased by 414 points, or 1.2%. With wages growing less than anticipated last month, the Labour …

US stocks have shown relatively steady performance as investors await the September jobs report. Wall Street stocks recovered ground on Thursday, finishing just below the flatline after breaking a three-day losing streak on Wednesday. The S&P 500 and the tech-heavy Nasdaq Composite were down a modest 0.1%. A pullback in …

The US government is on the verge of a temporary shutdown starting this Sunday, October 1st. Once again, Democrats and Republicans in the world’s largest economy are in a deadlock over how to allocate fiscal funds. Looking back, since 1981, the US government has partially suspended operations 14 times. The …

The US dollar’s rally and the drop in equity prices continue to be in the spotlight. The New Zealand NZD Business Confidence survey and Australian retail sales are two important readings to be watched during the Asian session. Later, attention will turn to Spain’s and Germany’s early September inflation data. …

As Treasury rates surged on Wednesday, Wall Street’s major indexes declined in choppy trading conditions as investors awaited news on a US funding bill and this week’s inflation data to determine the Federal Reserve’s stance for monetary policy outlook.The 10-year Treasury yields changed course to reach a new 16-year high, …

The US Dollar Index has continued its rally for the third consecutive day, with the index posting its highest daily close since November of the previous year. Despite negative sentiment, US Treasury yields remained around 4.54%, while the Dow Jones and Nasdaq declined by 1.15% and 1.54%, respectively. Economic data …

US stocks experienced a fourth consecutive day of losses and even closed as one of the worst weeks since March 2023, with the Dow Jones dropping 0.31% to 33,963.84. The S&P 500 and Nasdaq slipped 0.23% and 0.09%, respectively. Ford ended the day up 1.9% after a source reported progress …

The benchmark funds rate was held unchanged in September by the Fed in a range of 5.25% to 5.5%. Jerome Powell, the chair of the Fed, has provided his forecast on rates, the economy, and the possibility of a gentle landing. The central bank has increased its benchmark borrowing rate …

Wall Street closed with little change on Monday as investors await the US Fed’s decision to leave key interest rates unchanged on Wednesday, as expected. The three major US stock indexes ended a choppy session with nominal gains, as investors showed little conviction heading into the Fed’s two-day monetary policy …