S&P 500 Holds Steady Amid Labor Market Concerns Ahead of Jobs Report | Daily Market Analysis
Key events: USA - Average Hourly Earnings (MoM) (May) USA - Nonfarm Payrolls (May) USA - Unemployment Rate (May) The S&P 500 paused on Tuesday but remained near record highs as investors assessed signs of a cooling labor market, just a day before the critical monthly US jobs report. The Dow Jones Industrial Average edged up 0.1%, while the S&P 500 and NASDAQ Composite both dipped 0.1%.
Tech Giants Propel S&P 500 to Best Week Since November, as Alphabet Hits Record High; Market Eyes Fed's Rate Decision | Daily Market Analysis
Key events: Eurozone - Eurogroup Meetings Eurozone - ECB's De Guindos Speak Friday saw a robust rally in the S&P 500, marking its best week since November, driven by upbeat earnings reports from tech giants Microsoft and Alphabet, reigniting investor confidence in the AI-driven tech sector. The Dow Jones Industrial Average climbed 153 points, or 0.40%, while the S&P 500 surged 1%, and the NASDAQ Composite, led by tech stocks, soared 2%. With a gain of 2.7% for the week, the S&P 500 ended a three-week losing streak.
S&P 500 Dips As Meta's Plunge Affects Tech Outlook | Daily Market Analysis
Key events: Japan - BoJ Interest Rate Decision USA - Core PCE Price Index (YoY) (Mar) USA - Core PCE Price Index (MoM) (Mar) The S&P 500 closed lower on Thursday, although it recovered significantly from session lows as Meta trimmed some losses. Rising Treasury yields, fueled by economic data indicating slowing growth but persistent inflation, compelled traders to delay bets on a first rate cut until December.
S&P 500 Starts Second Quarter Cautiously Amid Surge in Treasury Yields while Tech Giants See Gains | Daily Market Analysis
Key events: USA - JOLTs Job Openings (Feb) USA - FOMC Member Bowman Speaks USA - FOMC Member Williams Speaks USA - FOMC Member Mester Speaks USA - FOMC Member Daly Speaks The second quarter kicked off with a hesitant start for the S&P 500 on Monday, as soaring Treasury yields tempered bullish sentiment following a surprising uptick in manufacturing activity, highlighting the robustness of the economy and dampening expectations for imminent Federal Reserve rate cuts.
Geopolitical Developments Drive Market Moves: Stocks Gain, Gold Rises Amidst Military Actions, and UK Economy Rebounds | Daily Market Analysis
Key events: UK - GDP (MoM) (Nov) USA - PPI (MoM) (Dec) US stocks experienced modest gains on Thursday as investors processed a decrease in core inflation for December, despite higher-than-expected headline consumer prices. The Dow Jones Industrial Average declined by 255 points or 0.7%, the S&P 500 traded 38 points, or 0.8%, lower, and the NASDAQ Composite dropped by 140 points, or 0.9%.
US Stocks Drop Amidst Rally Halt, Alphabet Gains, and Currency Shifts Reflect Global Economic Trends | Daily Market Analysis
Key events: USA - GDP (QoQ) (Q3) USA - Initial Jobless Claims USA - Philadelphia Fed Manufacturing Index (Dec) On Wednesday, US stocks experienced a decline as an abrupt mid-afternoon downturn put an end to Wall Street's impressive rally. This rally had been fueled by decreasing interest rates and a more dovish stance from the Federal Reserve. All three major US stock indices ultimately closed 1.3% to 1.5% lower than the previous day's closing.
Dow Jones' Streak in Jeopardy as Tech Soars and Currency Dynamics Unfold | Daily Market Analysis
Key events: USA - Average Hourly Earnings (MoM) (Nov) USA - Nonfarm Payrolls (Nov) USA - Unemployment Rate (Nov) USA - Michigan Consumer Sentiment The Dow Jones Industrial Average appears poised to conclude its five-week streak of gains, as the index experienced a decline over the initial three sessions of the week. Despite a modest 0.2% uptick on Thursday, confidence in the DJIA's upward momentum remains tentative.
Tech Sector Woes and Fed Rate Expectations Amid Treasury Yield Surge Shake Markets | Daily Market Analysis
Key events: Eurozone - Deposit Facility Rate (Oct) Eurozone - ECB Interest Rate Decision (Oct) USA - Core Durable Goods Orders (MoM) (Sep) USA - GDP (QoQ) (Q3) USA - Initial Jobless Claims Eurozone - ECB Press Conference USA - Pending Home Sales (MoM) (Sep) On Wednesday, US stock indices experienced a decline, primarily due to the increasing Treasury yields and the drag on the tech sector caused by Alphabet's disappointing quarterly results in its cloud business.
US Stock Indices Soar on Earnings Optimism, Risk-Tolerant Investor Sentiment | Daily Market Analysis
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S&P 500 Rises Amidst Yield Pause, Yen Finds Relief as Labor Market Takes Center Stage | Daily Market Analysis
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