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S&P 500 Climbs Ahead of Anticipated Fed Rate Cut, Gold Hits Record High as USD/JPY Weakens | Daily Market Analysis
Key events: Eurozone - Eurogroup Meetings USA - Michigan Consumer Sentiment (Sep) The S&P 500 finished higher on Thursday, brushing off stronger-than-expected producer price data as investors shifted their focus to the anticipated Federal Reserve interest rate cut next week. The S&P 500 climbed 0.8%, the Nasdaq Composite gained 1%, and the Dow Jones Industrial Average increased by 235 points, or 0.6%.
Investors Cautious as S&P 500 Inches Higher Ahead of Key Inflation Data | Daily Market Analysis
Key events: UK - Employment Change 3M/3M (MoM) (Jun) UK - Unemployment Rate (Jun) USA - PPI (MoM) (Jul) USA - FOMC Member Bostic Speaks The S&P 500 managed a slight gain on Monday as investors awaited crucial inflation data set to be released later this week. The S&P 500 rose by 0.03%, while the Dow Jones Industrial Average dropped 140 points, or 0.3%, and the NASDAQ Composite increased by 0.2%.
Dow Jones Drops Over 1000 Points Amid Economic Slowdown Fears and Tech Stock Pressure | Daily Market Analysis
Key events: Australia - RBA Interest Rate Decision (Aug) The Dow Jones Industrial Average plummeted over 1000 points on Monday as mounting fears of an economic slowdown exerted pressure on high-performing technology stocks. The Dow fell by 1033 points, or 2.6%, while the S&P 500 declined by 2.9%, and the NASDAQ Composite dropped by 3.4%. These significant losses followed last week's selloff, driven by concerns of an impending economic downturn.
Dow Approaches Record High Amid Strong Bank Earnings and Inflation Concerns | Daily Market Analysis
Key events: China - GDP (YoY) (Q2) USA - Fed Chair Powell Speaks USA - FOMC Member Daly Speaks The Dow nearly set a new closing record, coming close after reaching an all-time high on Friday, despite a slight rise in wholesale inflation. Investors were buoyed by better-than-expected quarterly earnings from several major Wall Street banks.
Sector Divergence Leads to Mixed US Stock Outcomes Amid Economic Uncertainty | Daily Market Analysis
Key events: Eurozone - ECB McCaul Speaks Eurozone - ECB's Schnabel Speaks Canada - BoC Gov Macklem Speaks USA - FOMC Member Daly Speaks On Friday, US stocks experienced a mixed performance after the market closed. Gains in the Consumer Services, Telecoms, and Consumer Goods sectors propelled some shares higher, while declines in the Oil & Gas, Technology, and Utilities sectors dragged others lower.
Record S&P 500 Close Boosted by Broadcom Surge Amid Rate Cut Bets and Inflation Slowdown | Daily Market Analysis
Key events: Japan - BoJ Interest Rate Decision USA - Fed Monetary Policy Report USA - Michigan Consumer Sentiment The S&P 500 achieved a new record close on Thursday, spurred by a significant rise in Broadcom, which boosted semiconductor stocks, and buoyed by growing expectations of rate cuts this year amid indications of easing inflation. The S&P 500 rose by 0.2% to a record high of 5,432.40, while the NASDAQ Composite advanced 0.3%. Conversely, the Dow Jones Industrial Average declined by 65 points, or 0.2%.
Tech Stocks Drag Down S&P 500 Amid Economic Growth Concerns | Daily Market Analysis
Key events: Eurozone - CPI (YoY) (May) USA - Core PCE Price Index (MoM) (Apr) USA - Core PCE Price Index (YoY) (Apr) USA - Chicago PMI (May) Canada - GDP (QoQ) (Q1) The S&P 500 closed lower on Thursday, pulled down by a drop in technology stocks, particularly Salesforce, and cautious sentiment ahead of key inflation data expected on Friday. The Dow Jones Industrial Average fell by 330 points, or 0.9%. The S&P 500 decreased by 0.6%, and the NASDAQ Composite declined by 1.1%.
Wall Street Holds Steady Amid Inflation Anticipation; USD Strengthens as BoJ, RBA Signal Shifts | Daily Market Analysis
Key events: UK - Unemployment Rate (Mar) UK - BoE MPC Member Pill Speaks USA - PPI (MoM) (Apr) USA - Fed Chair Powell Speaks Monday saw the S&P 500 holding steady as investors braced for a pivotal inflation report slated for later in the week, a factor poised to influence the Federal Reserve's monetary policy stance.
Tech Sector Lifts S&P 500 Amid Earnings Anticipation; Aussie Dollar Gains on Improved Risk Sentiment | Daily Market Analysis
Key events: USA - Durable Goods Orders (MoM) (Mar) USA - Crude Oil Inventories The S&P 500 surged on Monday, driven by strength in the technology sector, marking a rebound from its most significant weekly decline since March of the previous year. Investors turned their attention to upcoming quarterly earnings reports from major tech companies.
Dow Plunges Amidst Soaring Treasury Yields, Geopolitical Tensions, and Strong Retail Sales | Daily Market Analysis
Key events: USA - FOMC Member Williams Speaks UK - BoE Gov Bailey Speaks USA - Fed Chair Powell Speaks On Monday, the Dow took a hit amidst surging Treasury yields, a backdrop of geopolitical tensions, and robust retail sales figures that dashed hopes for imminent interest rate cuts, overshadowing Goldman Sachs' strong earnings report. The Dow Jones Industrial Average stumbled by 248 points, marking a 0.7% decline, while the S&P 500 and NASDAQ Composite followed suit, slipping by 1.2% and 1.8%, respectively.