The Dow Jones Industrial Average dropped 150 points Wednesday, as Lucid Motors and Rivian skidded in morning trade. Tesla stock rallied, extending Tuesday’s gains. And Nvidia earnings are due after the stock market close.U.S. shares were trading modestly lower on Wednesday, a day after a positive session on Wall Street, …
Read More »Wall Street Rises After Strong Retail Sales
US shares reaped fresh gains on Tuesday, with investors and traders digesting key economic data on the state of the consumer after two major retailers topped quarterly corporate earnings results. The S&P 500 rose 0.3% as of 10:15 a.m. Eastern. The Dow Jones Industrial Average rose 158 points, or 0.5%, …
Read More »US Shares Bounce Over US and Chinese Data
Major stock indexes edged higher in early trading, then continued to rise boosted by improved Chinese data, led by retail sales’ rising to 4.9% October, compared to the previous reading of 4.4%, above the expected 3.5%.The US data also showed an improvement at the level of the manufacturing sector, which …
Read More »Weekly Recap 8-12 November
Inflation fears dominated the market this week. Wall Street closed higher Friday, November 12th, driven by the rise of market leaders, as investors shrugged off disappointing US economic data. The U.S. A University of Michigan survey showed that US consumer sentiment in early November plunged to a decade low as …
Read More »S&P 500 opened higher before U. S. Data
Wall Street’s main indexes trade in the positive territory on Friday. Tech shares push higher after the opening bell.Major equity indexes in the U. S. started the last day of the week in the positive territory on the back of improving market sentiment. The CBOE Volatility Index, Wall Street’s fear …
Read More »Evergrande, Inflation Data Pull U. S. Shares Down
Hotter than expected Consumer Price Index reading for October and news that Evergrande again defaulted debt payment grace period were factors that pulled U. S. stocks down on Wednesday.The S&P 500 index is down 0.7%, CPI has jumped 0.9% after climbing 0.4% in September, the Labor Department said. This was …
Read More »U. S. Shares Threaten to End 8 Day Gains
U.S. shares retreated back from record levels on Tuesday’s U. S. session, threatening to disrupt an eight-day gaining sessions for the S&P 500 Index, the first time since 1955. The benchmark index fell by 0.5% in afternoon trading. The S&P 500 pulled back to end an 8-session winning line of …
Read More »U. S. Shares Jump Over Improved sentiment
The S&P 500 has edged higher in the New York session, up by 0.08%, to settle at 4,701.The Dow Jones Industrial has added 0.23%, up to 36,412, while the Nasdaq has fallen by 0.01%, at 16,358. Positive U. S. jobs data last Friday, in addition to tapering by the U. …
Read More »Market Drivers – U. S. Session – 05-11-2021
The KSA boosted prices just after refusing to bend to U.S. pressure to pump more crude oil. With OPEC unanimously agreeing to stick to its plans, attention now turns to whether U.S. President Joe Biden will respond.The total active U.S. rig count, which includes those drilling for natural gas, climbed …
Read More »Wall Street Shares Surge After Solid NFP Report
Stocks broadly surged on Friday afternoon trading on Wall Street as investors and traders welcomed news of rebounding hiring by U.S. employers throughout October.The Dow Jones Industrial Average rose 225 points, or 0.6%, to 36,347 and the Nasdaq rose 0.6%, whereas S&P 500 rose 0.6%. More than 80% of stocks …
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