Wall Street closed modestly higher on Wednesday, with the S&P 500 and Nasdaq gaining over 0.4% and 0.5% respectively. The Dow Jones Industrial Average saw smaller gains of 0.14%. Advancing stocks outnumbered declining ones on both the NYSE and Nasdaq. The S&P 500 and Nasdaq set new 52-week highs, while …
Read More »US stocks edge lower after 8-day winning streak ahead of Powell’s Speech
Tuesday’s market lull came after the longest gain of the year, with traders hoping Jerome Powell would indicate that the Federal Reserve is willing to slash interest rates further when it begins to do so. After eight straight days of daily gains for the benchmark index, the S&P 500 saw …
Read More »U.S. Job Growth Slows in July as Unemployment Rate Rises
U.S. job growth slowed more than expected in July, while the unemployment rate increased to 4.3%, heightening concerns that the labor market is deteriorating and potentially making the economy vulnerable to a recession. Employment Report Highlights Nonfarm Payrolls: Increased by 114,000 jobs in July, following a downwardly revised increase of …
Read More »Noor Capital | Mohammed Hashad’s Interview on Dubai TV, July 29
Dubai TV hosted Mohammed Hashad, Head of Research and Development at Noor Capital, and a member of the US Association of Technical Analysts, to comment on and shed light on market movements. United StatesThe Dow Jones saw a boost following Microsoft’s recent announcement of a new update to the Bing …
Read More »Noor Capital | Mohammed Hashad’s Interview on Dubai TV, July 22
Dubai TV hosted Mohammed Hashad, Head of Research and Development at Noor Capital, and a member of the US Association of Technical Analysts, to comment on and shed light on market movements, especially the American markets, which recorded further gains following the assassination attempt on Trump and amid ongoing negotiations …
Read More »How have US stocks reacted to rate bets, statements by Fed officials?”
On Thursday, US stocks experienced significant losses after profit-taking triggered by the desire to benefit from the recent gains they had achieved over the past few days. This came in the wake of increasing expectations of an interest rate cut by the Fed in September. The recent surge in stock …
Read More »Noor Capital | Mohammed Hashad’s Interview on Dubai TV, July 15
Dubai TV hosted Mohammed Hashad, Head of Research and Development at Noor Capital, and a member of the US Association of Technical Analysts, to comment on and shed light on market movements, especially the American markets, which recorded further gains following the assassination attempt on Trump and amid ongoing negotiations …
Read More »What do markets expect from US NFP data?
The most important US labour data will be released later on Friday, amid expectations of a significant decline in job growth in the United States, with a stability in the unemployment rate, in addition to a limited decline in wage growth.On the first Friday of every month, the employment data …
Read More »US Stocks Mixed as Nvidia Rebounds, Tech Leads Gains
Mixed performance was the expression that best describes Tuesday’s US stock market. The S&P 500 had a little increase, but the tech-heavy Nasdaq Composite saw a roughly 1% increase. Still, the Dow Jones Industrial Average dropped by almost 1%. This uneven performance came after the IT industry, especially Nvidia, a …
Read More »Wall Street’s rally fatigued for the first time in a week
US stocks remained near the flatline on Friday as a tech-led rally showed signs of fatigue for the first time in over a week. The benchmark S&P 500 shed nearly 0.2%, while the tech-heavy Nasdaq Composite lost 0.2%. The Dow Jones Industrial Average remained virtually unchanged. Nvidia, which briefly became …
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