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 Ends Flat Amid Caution While Gold Enters Bullish Consolidation Phase | Daily Market Analysis
Key events: USA - FOMC Member Kashkari Speaks UK - BRC Retail Sales Monitor (YoY) (Mar) The S&P 500 ended the day flat on Monday, experiencing swings between gains and losses as cautious trading prevailed ahead of the latest inflation data and the start of the first-quarter earnings season later in the week. The Dow Jones Industrial Average slipped by 11 points, or 0.03%, while the S&P 500 edged down by 2 points, or 0.04%. Conversely, the NASDAQ Composite rose by 5 points, or 0.03%.
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.
Global Markets Primed for New Quarter: Eyes on Inflation, Monetary Policy, and Safe-Haven Assets | Daily Market Analysis
Key events: USA - S&P Global US Manufacturing PMI (Mar) USA - ISM Manufacturing PMI (Mar) USA - ISM Manufacturing Prices (Mar) As the new quarter kicks off, Asian markets prepare to embark on a promising trajectory, bolstered by indications of a gradual easing in US inflation data last Friday and positive macroeconomic figures from China over the weekend. Notably, both the manufacturing and service sectors exhibited an uptick in the closely monitored PMI prints.
S&P 500 Hits Record High Amid Fed Speech Anticipation; Gold Struggles Below $2,200 as Investors Await Policy Clues | Daily Market Analysis
Key events: UK - GDP (QoQ) (Q4) UK - GDP (YoY) (Q4) USA - GDP (QoQ) (Q4) USA - Initial Jobless Claims USA - Chicago PMI (Mar) Wednesday saw the S&P 500 achieving a new record closing high, supported by a decline in Treasury yields in anticipation of a speech by Federal Reserve governor Christopher Waller later in the day, which investors hoped would provide insights on inflation trends.
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.
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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US Stocks Rise, Pound Sterling Recession, and Bitcoin Options Bullish Trend | Daily Market Analysis
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S&P 500 Hits Historic Peak, Tesla on Edge, and Gold Treads Water Amidst Market Shifts | Daily Market Analysis
Key events: Eurozone - ECB's Elderson Speaks UK - BoE MPC Member Mann Eurozone - ECB's Lane Speaks USA - Initial Jobless Claims USA - 30-Year Bond Auction On Wednesday, the S&P 500 marked a historic high, coming within reach of the 5,000 level, propelled by continued bullish sentiments in the stock market. Consumer stocks took the lead, spearheading the surge, particularly boosted by Chipotle and Ford's positive earnings reports.
Dow Drops on Powell's Fed Statement, Currencies React, Gold Rallies | Daily Market Analysis
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