Dow Jones Industrial Average led Wall Street higher on Monday, notching its longest winning streak in six years. Investors are broadening the market’s breadth, with people starting to take profits in tech and invest in other parts of the markets. The tech-heavy Nasdaq Composite Index has rallied 34.3% this year, …
Read More »Market Drivers – US Session – July 20 Due to lower-than-expected profits and data that could justify further Federal Reserve rate hikes, US stocks slightly declined on Thursday. The Dow Jones managed to close with a 0.45% gain while the Nasdaq lost over 2% of its value. The DXY increased …
Read More »US stocks impressively rally ahead of key earnings
Wall Street’s rally continued apace on Tuesday, with the Dow Jones Industrial Average rising to a 52-week high. Microsoft soared on news about its AI-powered Office tools and its AI alliance with Meta Platforms. META stock rose slightly, while AI chip leader Nvidia kept climbing. Financials continued to rally on …
Read More »What could investors expect from Q2 earnings season?
US equities had a phenomenal first half of the year, with the S&P up over 17%, thanks to a strong US economy, declining inflation, and a boom in mega-cap growth businesses propelled by artificial intelligence. Investors are watching to see if the second-quarter earnings season will serve as the next …
Read More »US data push stocks higher for fourth day in a row
Stocks surged as another significant inflation reading came in lower than anticipated. The Dow Jones Industrial Average gained 47.71 points, or 0.14%, to close at 34,395.14, while the S&P 500 rose 0.85% to reach 4,510.04, marking the S&P 500’s highest closing level in more than a year. The Nasdaq Composite …
Read More »US stocks climb post softer US inflation data
US stocks climbed after a softer than expected inflation report for June revived hopes the Federal Reserve was nearing the end of its interest rate increases.The Dow Jones Industrial Average was up 265 points or 0.8%, while the S&P 500 was up 0.9% and the NASDAQ Composite was up 1.2%. …
Read More »US stocks rise ahead CPI data
Investors were optimistic that a slowdown in price increases would support an earlier than anticipated conclusion to the Federal Reserve’s programme of fast monetary tightening, which is why the Dow and S&P 500 increased on Tuesday ahead of inflation data. Consumer prices are anticipated to have decreased on an annual …
Read More »US stocks still impacted by negative sentiment post FOMC minutes
US stocks slid during the US trading session after strong labour data spurred fears around further interest rate hikes by the US central bank, reviving concerns about the impact of those hikes on the economy.Both the S&P 500 and the Dow Jones Industrial Average, which plummeted by as much as …
Read More »Gold price benefits from weaker US dollar
Gold futures rose, taking advantage of the decline in the US dollar since the beginning of trading on Tuesday, as stock markets and US Treasury bonds were closed to mark the Independence Day holiday.Gold futures rose to $1,924.69 per ounce, compared to the previous daily closing, which was recorded at …
Read More »US stocks manage little gains to start second half of 2023
US stocks rose slightly Monday in a shortened session that kicked off the second half of what’s already been a stellar year on Wall Street. The Dow Jones Industrial Average added 10.87 points, or 0.03%, to finish at 34,418.47. The S&P 500 climbed 0.12% to end at 4,455.59, while the …
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