Tag Archives: Wall Street

The major US index futures are currently pointing to a roughly flat open on Thursday, with stocks likely to show a lack of direction following the rally seen in the previous session.The S&P 500 has gone back and forth during the US session, sitting below the 200 day EMA, as …

The business activity in the US service sector expanded at a more robust pace in July than in June with the ISM Services PMI rising to 56.7 from 55.3. This reading came in better than the market expectation of 53.5.Further details of the publication revealed that the Prices Paid Index …

Risk-aversion came back benefitting the US dollar that is widely considered as a safe haven. US-Sino tensions arose on the arrival of US House Speaker Nancy Pelosi to Taiwan. Pelosi supports the local government against China’s will.Crude oil prices, on the other hand, recovered some ground and the barrel of …

US stocks fell Monday in a choppy start to August trading as Wall Street struggled to sustain July’s momentum. The S&P 500 and Dow Jones Industrial Average each fell roughly 0.3%, while the Nasdaq Composite held near breakeven.Investors digest data released early in the session that showed manufacturing activity expanded …

US monetary policymakers opted a 75bps rate hike. Markets expected this move; a historically large hike. Jerome Powell explained that Fed would likely stop hiking once inflation is controlled. If unemployment rises, the job market weakens, and the US falls into a recession, Fed would ease policy due to lower …

US stocks retreated on Friday, snapping a three-day winning streak, as some surprisingly weak quarterly updates from companies spooked investors.The S&P 500 fell 37.32 points, or 0.9%, to 3961.63 a day after the broad benchmark index jumped 1%. The Dow Jones Industrial Average edged down 137.61 points, or 0.4%, to …

The US stock market continued its recent rally on Wednesday’s trading session, with technology stocks jumping. For the entire market, earnings remain in the investors’ focus.Stocks finished higher on Wednesday, adding to sharp gains booked a day before, with corporate earnings from a string of major technology companies in focus.The …

Wall Street is ticking higher Monday to kick off a week full of updates on the two things that set stock prices: how much profit companies are making and where interest rates are heading. The S&P 500 was 0.5% higher in afternoon trading, on pace for another gain after it …

Shares shed early gains and ended broadly lower on Wall Street Tuesday as investors brace for a big week of news on inflation and company earnings reports. The S&P 500 retreated by 0.9%, extending its losing to a third consecutive day. All of the benchmark index’s 11 company sectors closed …

The Dow Jones Industrial Average climbed 250 points Thursday morning, reflecting positive global trade, as investors digested an early batch of jobs data. The highly anticipated US payrolls report is due out Friday morning.Tesla traded up around 3% early Thursday. Elsewhere, Dow Jones tech leaders Apple and Microsoft were squarely …