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Wall Street Optimism, Fed Caution, and Global Economic Trends | Daily Market Analysis
Key events: USA - Thanksgiving Day Wednesday witnessed a rise in Wall Street's primary indices, fueled by optimism that the Federal Reserve had concluded its cycle of interest rate hikes. Despite this positive sentiment, escalating Treasury yields and lackluster earnings reports tempered the overall market gains. The Dow Jones Industrial Average gained 0.4%, the S&P 500 rose 0.6%, and the NASDAQ Composite added 1.1%.
Global Stock Markets React to Apple's Plunge, US Economic Indicators, and Currency Trends | Daily Market Analysis
Key events: Japan - GDP (QoQ) (Q2) Canada - Employment Change (Aug) Canada - Unemployment Rate (Aug) On Thursday, global stock indices predominantly experienced declines, notably the S&P 500 and Nasdaq, which registered drops attributed to Apple's (NASDAQ: AAPL) performance. Concurrently, the US dollar gained ground following the release of US jobless claims data that fell short of expectations.
Daily Market Analysis | Euro Slumps to Two-Decade Lows Against Dollar as Energy Crisis Bites
Key events: United States - ISM Non-Manufacturing PMI (Aug) UK - Construction PMI (Aug) Australia - GDP (QoQ) (Q2) Moscow's halt to gas supplies has exacerbated Europe's energy emergency, causing the euro to plunge to a new 20-year low. OPEC will meet with Russia to discuss its production strategy in October. Britain will have a new prime minister. Volkswagen is set to approve an IPO for Porsche, freeing up funds to finance its electrification ambitions. Here's what you need to know about the financial market on Tuesday, September 6.