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Tech Breather Leads S&P 500 Lower While Boeing Announces Management Shake-Up | Daily Market Analysis
Key events: USA - Durable Goods Orders (MoM) (Feb) USA - CB Consumer Confidence (Mar) Monday witnessed a decline in the S&P 500 as major tech players took a breather, anticipating pivotal market events later in the week, including an update on inflation and statements from Federal Reserve officials. The Dow Jones Industrial Average dipped by 162 points, or 0.4%, while the S&P 500 experienced a 0.3% drop, and the NASDAQ Composite slipped by 0.3%.
Dow Closes Lower Amid Inflation Concerns: Market Digest for Thursday | Daily Market Analysis
Key events: USA - NY Empire State Manufacturing Index (Mar) USA - Michigan Consumer Sentiment (Mar) Eurozone - ECB's Lane Speaks On Thursday, the Dow closed lower, halting a three-day winning streak, as investor sentiment took a hit from reports indicating higher-than-expected inflation and signs of a slowdown in consumer activity. The S&P 500 declined by 0.2%, the NASDAQ Composite fell by 0.3%, and the Dow Jones Industrial Average dropped by 0.4%, representing a decrease of 137 points.
Global Markets Tread Lightly Amidst Divergent Cues: Inflation and Interest Rate Talks Prevail | Daily Market Analysis
Key events: USA - Core PCE Price Index (MoM) (Jan) USA - Core PCE Price Index (YoY) (Jan) USA - Initial Jobless Claims USA - Chicago PMI (Feb) On Wednesday, the S&P 500 experienced a slight decline, but the broadening rally beyond the technology sector helped mitigate losses as investors awaited crucial inflation data that is expected to influence the Federal Reserve's stance on interest rates.
S&P 500 Gains, Bitcoin Surges, and Currencies React to Economic Developments | Daily Market Analysis
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Markets Soar to Record Highs Amidst AI Demand and Bitcoin's Impressive Rally; Eyes on Economic Data and Inflation Indicators | Daily Market Analysis
Key events: Eurozone - ECB's Elderson Speaks USA - Core Durable Goods Orders (MoM) (Jan) USA - CB Consumer Confidence (Feb) The S&P 500 achieved a fresh record high of 5,088 last week, propelled by Nvidia's impressive quarterly report. Earlier on Friday, the index reached 5,111, establishing a new all-time peak.
Dollar Continues Winning Streak, GBP/USD Faces Limited Movement, and Australian Dollar Halts Winning Streak on USD Strength | Daily Market Analysis
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S&P 500 Hits Historic Mark, Nasdaq Touches 16,000 as Megacaps and Chip Stocks Drive Market Surge | Daily Market Analysis
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Equities Decline on Rising Yields, Apple Faces Ban, and Global Currencies React | Daily Market Analysis
Key events: USA - Initial Jobless Claims USA - Philadelphia Fed Manufacturing Index (Jan) USA - Crude Oil Inventories On Wednesday, US equities experienced a decline, influenced by a continued rise in Treasury yields that exerted pressure on the technology sector. The surge in yields was driven by robust economic data, creating uncertainty among investors about the likelihood of a Federal Reserve rate cut in March.
Global Markets React to US Stock Decline, Euro's Recovery, and Geopolitical Tensions; Eyes on Bank Earnings and Economic Indicators | Daily Market Analysis
Key events: UK - Average Earnings Index +Bonus (Nov) UK - Employment Change 3M/3M (MoM) (Nov) UK - Unemployment Rate (Nov) Eurozone - German CPI (MoM) (Dec) USA - NY Empire State Manufacturing Index (Jan) UK - BoE Gov Bailey Speaks USA - Fed Waller Speaks On Monday night, US stocks indicated a lower opening as Wall Street awaited forthcoming data and bank earnings, seeking insights into the current state of the American consumer.
US Stocks Edge Modestly Higher, Dollar Set to Conclude 2023 with Losses | Daily Market Analysis
Key events: USA - Chicago PMI (Dec) US stocks experienced modest gains on Thursday, as traders consolidated positions amid the final days of a robust year on Wall Street. The Dow Jones Industrial Average showed a marginal increase of 55 points, equivalent to 0.1%, while the S&P 500 traded 7 points higher, reflecting a 0.2% uptick and the NASDAQ Composite climbed by 30 points, marking a 0.2% rise.