Tech Rally Propels Dow Higher, Currencies Navigate Central Bank Signals, and Gold Seeks Stability Amidst Fed Speculations | Daily Market Analysis
Key events: Eurozone - ECB President Lagarde Speaks USA - Existing Home Sales (Dec) USA - Michigan Consumer Sentiment USA - FOMC Member Daly Speaks On Thursday, the Dow managed to close higher despite a momentary stumble during the day, thanks to a resurgence in big tech, particularly fueled by a rally in Apple and chip stocks.
US Stocks React to Inflation Data, Gold Rides High, and Swiss Franc Hits Decade Record | Daily Market Analysis
Key events: Canada, UK, Australia, New Zealand - Boxing Day US stocks experienced a mixed close on Friday as investors approached the Christmas holiday weekend. The market showed fluctuations after absorbing inflation data that was milder than anticipated, solidifying expectations for Federal Reserve interest rate cuts in the upcoming year.
Dow Surges on Tech Uptick, Apple Faces Headwinds, Gold Rises Amid Economic Signals, and Global Markets Show Mixed Results | Daily Market Analysis
Key events: UK - GDP (YoY) (Q3) UK - GDP (QoQ) (Q3) USA - Building Permits USA - Core Durable Goods Orders (MoM) (Nov) USA - Core PCE Price Index (MoM) (Nov) USA - Core PCE Price Index (YoY) (Nov) USA - New Home Sales (Nov) On Thursday, the Dow experienced an upward surge as investors seized the opportunity to buy stocks following the previous day's sell-off. The market was buoyed by a notable uptick in tech stocks, led by Micron's robust quarterly results.
Dow's Monday Decline, OPEC+ Caution, and Economic Cues Set the Tone for a Dynamic Trading Week | Daily Market Analysis
Key events: Australia - Retail Sales (MoM) (Oct) USA - CB Consumer Confidence (Nov) USA - Fed Waller Speaks USA - FOMC Member Bowman Speaks Eurozone - ECB President Lagarde Speaks UK - MPC Member Haskel Speaks On Monday, the Dow experienced a decline in a subdued market, with investors hesitating to make significant stock investments pending upcoming catalysts, notably key economic data scheduled for later in the week.
Stocks Dip on Walmart Woes, Alibaba Stumbles, and Gold Surges Amid Economic Uncertainty | Daily Market Analysis
Key events: Eurozone - CPI (YoY) (Oct) USA - Building Permits (Oct) On Thursday, US stocks experienced a decline, driven by a downturn in Walmart and concerns about the economy amidst a series of economic data that mostly fell below expectations. The Dow Jones Industrial Average saw a decrease of 143 points, or 0.2%, with the S&P 500 and NASDAQ Composite both down 0.1%.
Wall Street Soars as Tech and Growth Stocks Shine, with Eyes on Inflation and Earnings | Daily Market Analysis
Key events: USA - OPEC Monthly Report USA - Crude Oil Inventories The major indices on Wall Street closed the week with substantial gains on Friday, bolstered by prominent technology and growth stocks as Treasury yields stabilized. Investors also looked ahead to next week's reports on inflation and other economic data. The tech-heavy Nasdaq Composite witnessed its most significant one-day percentage increase since May 26, showcasing the strength of the tech sector.
US Stock Market Sees Slight Wobble Amidst Longest Winning Streak, Fed Caution, and Earnings Highlights | Daily Market Analysis
Key events: Canada - BoC Gov Council Member Lane Speaks UK - BoE MPC Member Pill Speaks USA - Initial Jobless Claims USA - Fed Chair Powell Speaks On Wednesday, the US stock market experienced a slight wobble as major indexes aimed to extend their longest winning streak in two years. The Dow Jones Industrial Average remained flat, with only a one-point change, while the S&P 500 and the NASDAQ Composite showed little movement, with both starting the day on an upward trajectory.
Wall Street's Mixed Tuesday: Fed Meeting, Earnings, and Market Moves | Daily Market Analysis
Key events:
Stocks, Fed Meeting, and Economic Data in Focus for the Week Ahead | Daily Market Analysis
Key events: Eurozone - ECB's De Guindos Speaks Eurozone - ECB's Enria Speaks Canada - BoC Gov Macklem Speaks During Sunday's evening trading, US stock futures displayed gains after major benchmark indices concluded the week at multi-month lows. Investors are gearing up for a packed week featuring earnings reports and economic data. Basicallly, last week Dow Jones Industrial Average slipped by 366.7 points or 1.1% to reach 32,417.6, and the NASDAQ Composite saw an increase of 123.1 points or 1% to reach 12,718.7.
Wall Street Slumps as Dow Leads Decline Amidst Rising Yields and Oil Prices, Fed Rate Actions in Focus | Daily Market Analysis
Key events: USA - S&P Global Services PMI (Aug) USA - ISM Non-Manufacturing PMI (Aug) USA - ISM Non-Manufacturing Prices (Aug) Canada - BoC Interest Rate Decision On Tuesday, Wall Street's primary stock indices closed in negative territory, with the Dow leading the decline. This was driven by rising Treasury yields and oil prices, while investors were assessing the Federal Reserve's future interest rate actions.