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Nasdaq Sets New Record While Global Markets Brace for Fed and BoJ Decisions | Daily Market Analysis
Key events: USA - Core Retail Sales (MoM) (Nov) USA - Retail Sales (MoM) (Nov) The Nasdaq reached a historic high on Monday as technology stocks led the rally ahead of the Federal Reserve's final policy meeting of the year. The NASDAQ Composite surged by 1.1%, closing at a record 20,173.74, while the Dow Jones Industrial Average dipped 0.3%. The S&P 500 managed a modest 0.4% gain.
Markets Rally as Nasdaq Hits Record High, AUD and GBP Face Headwinds Amid Global Trade Concerns | Daily Market Analysis
Key events: USA - JOLTS Job Openings (Oct) The S&P 500 and Nasdaq began December on a strong note, hitting fresh record highs following a remarkable November. The S&P 500 gained 0.2%, closing at a historic 6,046.3, while the Nasdaq surged 1% to end at 19,403.58, another record. In contrast, the Dow Jones Futures dipped 0.29%, shedding 128 points in the session.
US Stocks Slide Amid Economic Resilience and Tech Earnings Concerns | Daily Market Analysis
Key events: USA - Core PCE Price Index (MoM) (Sep) USA - Core PCE Price Index (YoY) (Sep) Eurozone - EU Leaders Summit US stocks experienced a significant decline on Thursday, primarily driven by a drop in tech and tech-related large-cap stocks. This downturn was in response to a mix of quarterly earnings reports and indications of economic resilience, which could potentially lead the Federal Reserve to maintain higher interest rates for a longer duration than initially anticipated.
Fed's Rate Hike Impact: Mixed US Stock Futures, Strong Earnings, and Market Focus on Interest Rate Decisions | Daily Market Analysis
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Wall Street's Major Indices Rally as Nasdaq Records Historic Gain and Apple Hits $3 Trillion Market Valuation | Daily Market Analysis
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Market Reactions to Powell's Remarks and Tech Stocks' Performance Drive Mixed Trading Day | Daily Market Analysis
Key events: USA - Fed Chair Powell Speaks USA - GDP (QoQ) (Q1) USA - Initial Jobless Claims USA - Pending Home Sales (MoM) (May) On Wednesday, the Nasdaq experienced a modest increase, supported by the performance of large-cap stocks. However, the S&P 500 and the Dow closed lower following remarks from US Federal Reserve Chair Jerome Powell. Powell indicated the likelihood of additional rate hikes and expressed skepticism that inflation would reach the central bank's target rate "this year or next year."
Global Growth Concerns and Central Bank Actions Impact Stocks, Euro Gains Momentum | Daily Market Analysis
Key events: Eurozone - ECB McCaul Speaks Eurozone - ECB President Lagarde Speaks US stocks are declining as the global growth forecast continues to worsen due to weak global PMI readings. The risk of a severe economic downturn is higher for Europe compared to the US, which could maintain support for the dollar in the short term.
Mixed Market Reactions to Central Bank Actions and Economic Indicators Shape Investor Sentiment | Daily Market Analysis
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Market Retreats as US Stocks Decline, Investors Await Powell's Testimony | Daily Market Analysis
Key events: UK - CPI (YoY) (May) USA - Fed Chair Powell Testifies On Tuesday, US stocks experienced a decline, closing with negative results as investors took the opportunity to secure profits after a sustained rally. The market displayed signs of weakening global demand, prompting cautious behavior at the start of the holiday-shortened week.
S&P 500 and Nasdaq Hit 14-Month Highs, ECB Signals Rate Hike, BoJ Maintains Policy | Daily Market Analysis
Key events: Japan - BoJ Press Conference Eurozone - CPI (YoY) (May) USA - Michigan Consumer Sentiment (Jun) USA - Fed Waller Speaks On Thursday, the S&P 500 and Nasdaq reached their highest levels in 14 months, propelled by positive economic data that suggested the US Federal Reserve is approaching the conclusion of its aggressive interest-rate hike campaign. This news delighted investors, leading to a surge in the stock market.